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West Bancorporation (WTBA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · West Bancorporation (WTBA) Q3 2026 earnings results →
Q3 2026 Revenue up 16% year over year to $29.1M · 40¢ of every $1 of revenue kept as net profit · operating margin 52.0%
West Bancorporation made $29.1M in Q3 2026 (+16% Y/Y): Net interest income $26.4M, Noninterest income $2.7M. Operating margin 52.0%, net earnings $11.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $29.1M in Q3 2026, up 16% year over year and up 4% from the previous quarter. Net interest income was the largest line at 91% of revenue. Net interest income added $3.9M year over year (up 17%), 94% of the total change.
Operating profit was $15.2M, a 52.0% margin (up 6.2 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 46% margin then. Total costs grew 3% against revenue growth of 16%. Net earnings were $11.6M, up 25% year over year. The effective tax rate was 23.3%.
Operating cash flow was $15.7M (up 38% year over year), 135% of net earnings. Non-cash charges added back $1.1M of depreciation and $756K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $136K left free cash flow of $15.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $29.1M | +16% | 52.0% | $11.6M | $15.7M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About West Bancorporation
West Bancorporation, Inc. (the Company or West Bancorporation) is an Iowa corporation and a financial holding company registered under the Bank Holding Company Act of 1956, as amended (BHCA). The Company was formed in 1984 to own West Bank, an Iowa-chartered bank headquartered in West Des Moines, Iowa. West Bank is a business-focused community bank that was organized in 1893. The Company’s primary activity during 2025 was the ownership of West Bank. The Company’s and West Bank’s only business is banking, and therefore, no segment information is presented in this report. For additional information regarding the Company’s segment reporting, see Note 1 of the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K .
In its own words, from its 10-K, filed Feb 26, 2026.
West Bancorporation against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +12%. Operating margin: 52.0% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WTBA West Bancorporation | Q3 2026 | $29.1M | +16% | 52.0% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: West Bancorporation 10-Q on SEC EDGAR · CIK 1166928 · State Commercial Banks
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History
Every quarter: Q3 2026 results