# West Bancorporation Inc (WTBA)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/west-bancorporation-inc/ JSON: https://steadybase.io/company/west-bancorporation-inc.json Checked Nov 10, 2026. Latest filing read: Oct 29, 2026.

## Company

- Legal name: WEST BANCORPORATION INC
- Ticker: WTBA (Nasdaq)
- SEC CIK: 0001166928
- Industry: State Commercial Banks (SIC 6022)
- Headquarters: West Des Moines, IA
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: westbankstrong.com
- LinkedIn: https://www.linkedin.com/company/westbankstrong
- Next earnings date: Jan 21, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $192.2M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/0001166928-26-000010-index.html
- Net income: $32.6M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/0001166928-26-000010-index.html
- Shares outstanding: 17,043,743 as of Oct 28, 2026 (10-Q filed Oct 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000042/0001166928-26-000042-index.html
- Auditor: Rsm Us LLP, Des Moines, Iowa, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/wtba-20251231.htm

## Business

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.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/wtba-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Net income |
|---|---|---|
| Dec 31, 2025 | $192.2M | $32.6M |
| Dec 31, 2024 | $190.1M | $24.1M |
| Dec 31, 2023 | $160.3M | $24.1M |
| Dec 31, 2022 | $123.3M | $46.4M |
| Dec 31, 2021 | $107.3M | $49.6M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/west-bancorporation-inc.json

## Officers and directors

- David Nelson, President and Chief Executive Officer of the Company. Source: 8-K filed Oct 29, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000116692826000043/wtba-20261029exhibit991.htm
- David D. Nelson, CEO & PRESIDENT. Source: Form 4 filed Mar 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000148713626000004/0001487136-26-000004-index.htm
- Jane M. Funk, CFO. LinkedIn: https://linkedin.com/in/jane-funk-8857a24a. Source: Form 4 filed Mar 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000148857126000004/0001488571-26-000004-index.htm
- Brad L. Winterbottom, EXECUTIVE VICE PRESIDENT. Source: Form 4 filed Mar 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000124738326000004/0001247383-26-000004-index.htm
- Bradley P. Peters, Executive Vice President. Source: Form 4 filed Mar 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000185523926000004/0001855239-26-000004-index.htm
- Harlee Olafson, CHIEF RISK OFFICER. Source: Form 4 filed Mar 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000149846726000004/0001498467-26-000004-index.htm
- Sean P. McMurray, Chairman of the Board. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/wtba-20251231.htm
- HARLEE N. OLAFSON, Named in proxy. Source: DEF 14A filed Mar 3, 2026, https://www.sec.gov/Archives/edgar/data/1166928/000116692826000016/wtba-20260217.htm

## Recent 8-K events

- Oct 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000043/wtba-20261029.htm
- Jul 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000035/wtba-20260723.htm
- Apr 24, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000029/wtba-20260423.htm
- Apr 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000024/wtba-20260423.htm
- Jan 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000002/wtba-20260129.htm
- Oct 23, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000082/wtba-20251023.htm
- Oct 17, 2025: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000078/wtba-20251014.htm
- Jul 24, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000067/wtba-20250724.htm
- Jun 12, 2025: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000061/wtba-20250612.htm
- Apr 25, 2025: Item 5.07, Submission of matters to a vote of security holders; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000036/wtba-20250424.htm

## Insider trades (Form 4)

- Nov 4, 2026: Steven K. Gaer (Director) sold 6,215 shares, about $193,473. Source: https://www.sec.gov/Archives/edgar/data/1166928/000151898226000004/0001518982-26-000004-index.htm
- Nov 24, 2025: George D. Milligan (Director) sold 15,826 shares, about $345,272. Source: https://www.sec.gov/Archives/edgar/data/1166928/000102371025000003/0001023710-25-000003-index.htm
- Nov 11, 2025: Douglas R. Gulling (Director) sold 7,900 shares, about $171,825. Source: https://www.sec.gov/Archives/edgar/data/1166928/000124735025000006/0001247350-25-000006-index.htm

## What management said

- "Our net income for the first nine months of 2026 has increased 32 percent compared to the first nine months of 2025. Our annualized return on average equity has improved to 16.18 percent for the first nine months of 2026, compared to 14.27 percent for the first nine months of 2025 and our annualized return on average assets has grown to 1.16 percent in the third quarter of 2026. We are producing stronger profitability through margin expansion and expense discipline, while mai" David Nelson, President and Chief Executive Officer of the Company (8-K filed Oct 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000043/wtba-20261029exhibit991.htm

## Latest filings

- 8-K filed Oct 29, 2026: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000043/wtba-20261029.htm
- 10-K filed Feb 26, 2026: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000010/wtba-20251231.htm
- 10-Q filed Oct 29, 2026: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000042/wtba-20260930.htm
- DEF 14A filed Mar 3, 2026: https://www.sec.gov/Archives/edgar/data/1166928/000116692826000016/wtba-20260217.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/