West Bancorporation (WTBA) - Net Assets
Based on the latest financial reports, West Bancorporation (WTBA) has net assets worth $255.13 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.99 Billion) and total liabilities ($3.73 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 asset resilience ratio of West Bancorporation to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $255.13 Million |
| % of Total Assets | 6.4% |
| Annual Growth Rate | 4.99% |
| 5-Year Change | -92.32% |
| 10-Year Change | 49.55% |
| Growth Volatility | 216.05 |
West Bancorporation - Net Assets Trend (2000–2024)
This chart illustrates how West Bancorporation's net assets have evolved over time, based on quarterly financial data. Also explore WTBA asset base for the complete picture of this company's asset base.
Annual Net Assets for West Bancorporation (2000–2024)
The table below shows the annual net assets of West Bancorporation from 2000 to 2024. For live valuation and market cap data, see West Bancorporation (WTBA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 27861300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $278.61 Million | 122.27% |
| Common Stock | $3.00 Million | 1.32% |
| Other Comprehensive Income | $-89.36 Million | -39.21% |
| Other Components | $35.62 Million | 15.63% |
| Total Equity | $227.88 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 |
|---|---|
|
Bohai Water Industry Co Ltd
SHE:000605
|
$371.56 Million |
|
Harbin VITI Electronics Corp
SHG:603023
|
$371.60 Million |
|
SUNAC SERVIC.HLDGS HD-01
F:65D
|
$371.67 Million |
|
Qumei Furniture Group Co Ltd
SHG:603818
|
$371.71 Million |
|
Bhagiradha Chemicals & Industries Limited
NSE:BHAGCHEM
|
$371.49 Million |
|
DB Financial Investment Co Ltd
KO:016610
|
$371.48 Million |
|
Aarti Drugs Limited
NSE:AARTIDRUGS
|
$371.43 Million |
|
Jiangsu Yuxing Film Tech
SHE:300305
|
$371.35 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 2023 to 2024, total equity changed from 225,043,000 to 227,875,000, a change of 2,832,000 (1.3%).
- Net income of 24,050,000 contributed positively to equity growth.
- Dividend payments of 16,806,000 reduced retained earnings.
- Share repurchases of 1,087,000 reduced equity.
- Other comprehensive income decreased equity by 5,834,000.
- Other factors increased equity by 2,509,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $24.05 Million | +10.55% |
| Dividends Paid | $16.81 Million | -7.38% |
| Share Repurchases | $1.09 Million | -0.48% |
| Other Comprehensive Income | $-5.83 Million | -2.56% |
| Other Changes | $2.51 Million | +1.1% |
| Total Change | $- | 1.26% |
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: 1.78x
- 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 6.34x to 1.78x 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 | $24.01 | x |
| 2001-12-31 | $4.04 | $24.01 | x |
| 2002-12-31 | $4.85 | $24.01 | x |
| 2003-12-31 | $5.27 | $24.01 | x |
| 2004-12-31 | $5.54 | $24.01 | x |
| 2005-12-31 | $5.65 | $24.01 | x |
| 2006-12-31 | $6.51 | $24.01 | x |
| 2007-12-31 | $6.94 | $24.01 | x |
| 2008-12-31 | $8.62 | $24.01 | x |
| 2009-12-31 | $7.65 | $24.01 | x |
| 2010-12-31 | $8.36 | $24.01 | x |
| 2011-12-31 | $7.09 | $24.01 | x |
| 2012-12-31 | $7.72 | $24.01 | x |
| 2013-12-31 | $7.47 | $24.01 | x |
| 2014-12-31 | $8.74 | $24.01 | x |
| 2015-12-31 | $9.47 | $24.01 | x |
| 2016-12-31 | $10.20 | $24.01 | x |
| 2017-12-31 | $10.90 | $24.01 | x |
| 2018-12-31 | $11.65 | $24.01 | x |
| 2019-12-31 | $12.85 | $24.01 | x |
| 2020-12-31 | $13.54 | $24.01 | x |
| 2021-12-31 | $15.51 | $24.01 | x |
| 2022-12-31 | $12.57 | $24.01 | x |
| 2023-12-31 | $13.44 | $24.01 | x |
| 2024-12-31 | $13.49 | $24.01 | 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): 10.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.16%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 17.62x
- Recent ROE (10.55%) is below the historical average (14.04%), 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 | 13.54% | 26.81% | 0.04x | 11.68x | $7.51 Million |
| 2020 | 14.62% | 29.91% | 0.03x | 14.24x | $10.34 Million |
| 2021 | 19.06% | 42.61% | 0.03x | 13.45x | $23.57 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 |
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: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Bancorporation (WTBA) | $255.13 Million | 20.35% | 14.62x | $371.51 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About West Bancorporation
West Bancorporation, Inc. operates as the financial holding company 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 estate loans, cons… Read more