West Bancorporation (WTBA) - Net Assets
Based on the latest financial reports, West Bancorporation (WTBA) has net assets worth $270.74 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.01 Billion) and total liabilities ($3.74 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check West Bancorporation (WTBA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $270.74 Million |
| % of Total Assets | 6.75% |
| Annual Growth Rate | 5.43% |
| 5-Year Change | -91.95% |
| 10-Year Change | 60.84% |
| Growth Volatility | 211.77 |
West Bancorporation - Net Assets Trend (2000–2025)
This chart illustrates how West Bancorporation's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of West Bancorporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for West Bancorporation (2000–2025)
The table below shows the annual net assets of West Bancorporation from 2000 to 2025. For live valuation and market cap data, see West Bancorporation (WTBA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $265.99 Million | +16.72% |
| 2024-12-31 | $227.88 Million | +1.26% |
| 2023-12-31 | $225.04 Million | +6.60% |
| 2022-12-31 | $211.11 Million | -93.61% |
| 2021-12-31 | $3.30 Billion | +11.27% |
| 2020-12-31 | $2.97 Billion | +31.89% |
| 2019-12-31 | $2.25 Billion | +1078.37% |
| 2018-12-31 | $191.02 Million | +7.26% |
| 2017-12-31 | $178.10 Million | +7.69% |
| 2016-12-31 | $165.38 Million | +8.53% |
| 2015-12-31 | $152.38 Million | +8.70% |
| 2014-12-31 | $140.18 Million | +13.39% |
| 2013-12-31 | $123.62 Million | -8.14% |
| 2012-12-31 | $134.59 Million | +9.02% |
| 2011-12-31 | $123.45 Million | -15.12% |
| 2010-12-31 | $145.44 Million | +9.30% |
| 2009-12-31 | $133.06 Million | -11.33% |
| 2008-12-31 | $150.06 Million | +23.40% |
| 2007-12-31 | $121.61 Million | +6.85% |
| 2006-12-31 | $113.81 Million | +8.89% |
| 2005-12-31 | $104.52 Million | +7.07% |
| 2004-12-31 | $97.62 Million | +5.08% |
| 2003-12-31 | $92.90 Million | +8.24% |
| 2002-12-31 | $85.82 Million | +8.62% |
| 2001-12-31 | $79.01 Million | +11.53% |
| 2000-12-31 | $70.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Bancorporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29425900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $294.26 Million | 110.63% |
| Common Stock | $3.00 Million | 1.13% |
| Other Comprehensive Income | $-68.50 Million | -25.76% |
| Other Components | $37.23 Million | 14.00% |
| Total Equity | $265.99 Million | 100.00% |
West Bancorporation Competitors by Market Cap
The table below lists competitors of West Bancorporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fiducial Real Estate SA
PA:ORIA
|
$412.79 Million |
|
Atrium Mortgage Investment Corp
TO:AI
|
$412.96 Million |
|
Shenzhen Prolto Supply Chain Management Co Ltd
SHE:002769
|
$412.99 Million |
|
Ocugen Inc
NASDAQ:OCGN
|
$413.00 Million |
|
Weave Communications Inc
NYSE:WEAV
|
$412.76 Million |
|
Shenzhen Magic Design & Decoration Engineering Co Ltd
SHE:002856
|
$412.64 Million |
|
Excelsior Medical Co Ltd
TW:4104
|
$412.46 Million |
|
Kirloskar Industries Limited
NSE:KIRLOSIND
|
$412.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Bancorporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 227,875,000 to 265,985,000, a change of 38,110,000 (16.7%).
- Net income of 32,560,000 contributed positively to equity growth.
- Dividend payments of 16,914,000 reduced retained earnings.
- Share repurchases of 1,132,000 reduced equity.
- Other comprehensive income increased equity by 20,852,000.
- Other factors increased equity by 2,744,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.56 Million | +12.24% |
| Dividends Paid | $16.91 Million | -6.36% |
| Share Repurchases | $1.13 Million | -0.43% |
| Other Comprehensive Income | $20.85 Million | +7.84% |
| Other Changes | $2.74 Million | +1.03% |
| Total Change | $- | 16.72% |
Book Value vs Market Value Analysis
This analysis compares West Bancorporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.49x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $3.79 | $24.60 | x |
| 2001-12-31 | $4.04 | $24.60 | x |
| 2002-12-31 | $4.85 | $24.60 | x |
| 2003-12-31 | $5.27 | $24.60 | x |
| 2004-12-31 | $5.54 | $24.60 | x |
| 2005-12-31 | $5.65 | $24.60 | x |
| 2006-12-31 | $6.51 | $24.60 | x |
| 2007-12-31 | $6.94 | $24.60 | x |
| 2008-12-31 | $8.62 | $24.60 | x |
| 2009-12-31 | $7.65 | $24.60 | x |
| 2010-12-31 | $8.36 | $24.60 | x |
| 2011-12-31 | $7.09 | $24.60 | x |
| 2012-12-31 | $7.72 | $24.60 | x |
| 2013-12-31 | $7.47 | $24.60 | x |
| 2014-12-31 | $8.74 | $24.60 | x |
| 2015-12-31 | $9.47 | $24.60 | x |
| 2016-12-31 | $10.20 | $24.60 | x |
| 2017-12-31 | $10.90 | $24.60 | x |
| 2018-12-31 | $11.65 | $24.60 | x |
| 2019-12-31 | $136.59 | $24.60 | x |
| 2020-12-31 | $179.76 | $24.60 | x |
| 2021-12-31 | $196.75 | $24.60 | x |
| 2022-12-31 | $12.57 | $24.60 | x |
| 2023-12-31 | $13.44 | $24.60 | x |
| 2024-12-31 | $13.49 | $24.60 | x |
| 2025-12-31 | $15.63 | $24.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Bancorporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.40%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 15.57x
- Recent ROE (12.24%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 20.35% | 209.90% | 0.01x | 11.69x | $7.33 Million |
| 2001 | 19.92% | 25.83% | 0.07x | 10.33x | $7.83 Million |
| 2002 | 19.08% | 31.95% | 0.06x | 10.32x | $7.79 Million |
| 2003 | 18.60% | 32.75% | 0.05x | 10.77x | $7.99 Million |
| 2004 | 19.07% | 30.87% | 0.05x | 11.76x | $8.85 Million |
| 2005 | 19.21% | 26.77% | 0.06x | 11.91x | $9.62 Million |
| 2006 | 17.05% | 20.24% | 0.08x | 11.15x | $8.03 Million |
| 2007 | 15.56% | 34.87% | 0.04x | 11.02x | $6.76 Million |
| 2008 | 5.09% | 9.87% | 0.05x | 10.35x | $-7.37 Million |
| 2009 | -10.99% | -19.07% | 0.05x | 11.84x | $-27.92 Million |
| 2010 | 9.20% | 18.85% | 0.05x | 8.98x | $-1.16 Million |
| 2011 | 12.37% | 24.55% | 0.05x | 10.28x | $2.92 Million |
| 2012 | 11.90% | 26.18% | 0.04x | 10.75x | $2.55 Million |
| 2013 | 13.66% | 27.93% | 0.04x | 11.67x | $4.53 Million |
| 2014 | 14.30% | 31.40% | 0.04x | 11.53x | $6.02 Million |
| 2015 | 14.27% | 32.24% | 0.04x | 11.48x | $6.50 Million |
| 2016 | 13.92% | 31.91% | 0.04x | 11.21x | $6.48 Million |
| 2017 | 12.95% | 28.24% | 0.04x | 11.87x | $5.26 Million |
| 2018 | 14.92% | 30.80% | 0.04x | 12.02x | $9.41 Million |
| 2019 | 1.27% | 26.81% | 0.04x | 1.10x | $-196.41 Million |
| 2020 | 1.10% | 29.91% | 0.03x | 1.07x | $-264.16 Million |
| 2021 | 1.50% | 42.61% | 0.03x | 1.06x | $-280.71 Million |
| 2022 | 21.98% | 34.74% | 0.04x | 17.12x | $25.29 Million |
| 2023 | 10.73% | 14.22% | 0.04x | 17.00x | $1.63 Million |
| 2024 | 10.55% | 12.16% | 0.05x | 17.62x | $1.26 Million |
| 2025 | 12.24% | 16.40% | 0.05x | 15.57x | $5.96 Million |
Industry Comparison
This section compares West Bancorporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $389,399,400
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Bancorporation (WTBA) | $270.74 Million | 20.35% | 13.81x | $412.76 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.79 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $137.13 Million |
| Alerus Financial Corp (ALRS) | $127.25 Million | 8.42% | 8.09x | $736.27 Million |
| Amalgamated Bank (AMAL) | $508.95 Million | 16.01% | 14.41x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $974.56 Million |
| Arrow Financial Corporation (AROW) | $431.85 Million | 10.18% | 9.29x | $622.98 Million |
| Associated Banc-Corp (ASB) | $968.70 Million | 17.34% | 12.55x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $141.70 Million | 14.89% | 15.78x | $62.43 Million |
About West Bancorporation
West Bancorporation, Inc. operates as the bank holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. The company offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit. It also provides loan products comprising commercial real esta… Read more