West Bancorporation Inc.
- WTBA · Nasdaq
- State Commercial Banks
- West Des Moines, IA
- CIK 0001166928
Updated from SEC filings through
Top things to know
Executives
- David Nelson President and Chief Executive Officer of the Company 8-K, 2026-10-29
- David D. Nelson CEO & PRESIDENT 4, 2026-03-26
- Jane M. Funk CFO 4, 2026-03-26
- Brad L. Winterbottom EXECUTIVE VICE PRESIDENT 4, 2026-03-26
- Bradley P. Peters Executive Vice President 4, 2026-03-26
- Harlee Olafson CHIEF RISK OFFICER 4, 2026-03-26
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed October 29, 2026
West Bancorporation Inc is a U.S. public company in state commercial banks (SIC 6022), headquartered in West Des Moines, IA. It trades as WTBA on Nasdaq. Revenue was $192M in the fiscal year ending December 31, 2025, +1.1% from the year before. David Nelson is President and Chief Executive Officer of the Company.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $192M 10-K, 2026-02-26 | $190M 10-K, 2026-02-26 | $160M 10-K, 2026-02-26 | $123M 10-K, 2025-02-20 | $107M 10-K/A, 2024-02-23 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $32.6M 10-K, 2026-02-26 | $24.1M 10-K, 2026-02-26 | $24.1M 10-K, 2026-02-26 | $46.4M 10-K, 2025-02-20 | $49.6M 10-K/A, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| David Nelson | President and Chief Executive Officer of the Company | 8-K, 2026-10-29 |
| David D. Nelson | CEO & PRESIDENT | 4, 2026-03-26 |
| Jane M. Funk West Bank | CFO | 4, 2026-03-26 |
| Brad L. Winterbottom | EXECUTIVE VICE PRESIDENT | 4, 2026-03-26 |
| Bradley P. Peters | Executive Vice President | 4, 2026-03-26 |
| Harlee Olafson | CHIEF RISK OFFICER | 4, 2026-03-26 |
| HARLEE N. OLAFSON | Named in proxy bio: Chief Risk Officer Executive Vice President | DEF 14A, 2026-03-03 |
| Sean P. McMurray | Chairman of the Board | 10-K, 2026-02-26 |
What West Bancorporation Inc does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 17.0 million (as of October 28, 2026) | 10-Q, October 29, 2026 |
|---|---|---|
| Public float | $317M (as of June 30, 2025) | 10-K, February 26, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed March 3, 2026) | DEF 14A, March 3, 2026 |
| Auditor | Rsm Us LLP (Des Moines, Iowa) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 4, 2026 | Steven K. Gaer Director | Sale | 6,215 | $193K | Form 4, November 6, 2026 |
| November 24, 2025 | George D. Milligan Director | Sale | 15,826 | $345K | Form 4, November 25, 2025 |
| November 11, 2025 | Douglas R. Gulling Director | Sale | 7,900 | $172K | Form 4, November 12, 2025 |
Recent 8-K events
- 8-K filed 2026-10-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-24
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-10-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-10-17
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-07-24
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-06-12
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-04-25
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about West Bancorporation Inc
- What does West Bancorporation Inc do?
- In its own words, from Item 1 of its 10-K: "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."
- What is West Bancorporation Inc's revenue?
- $192M for the fiscal year ending December 31, 2025, from its 10-K filed February 26, 2026.
- Is West Bancorporation Inc profitable?
- West Bancorporation Inc reported net income of $32.6M for the fiscal year ending December 31, 2025.
- Who is the CEO of West Bancorporation Inc?
- David Nelson, President and Chief Executive Officer of the Company, as named in a 8-K filed October 29, 2026.
- Who is the CFO of West Bancorporation Inc?
- Jane M. Funk, CFO, as named in a 4 filed March 26, 2026.
- Where is West Bancorporation Inc headquartered?
- West Des Moines, IA.
- What is West Bancorporation Inc's stock ticker?
- WTBA on Nasdaq.
- What industry is West Bancorporation Inc in?
- State Commercial Banks, SIC code 6022.
- What is West Bancorporation Inc's website?
- westbankstrong.com.
- When does West Bancorporation Inc report earnings next?
- January 21, 2027. Source: estimate_8k_pattern.
- Is West Bancorporation Inc a public company?
- Yes. West Bancorporation Inc files with the SEC under CIK 0001166928 and trades as WTBA.
- Who audits West Bancorporation Inc?
- Rsm Us LLP, Des Moines, Iowa, as named in its latest annual report (10-K).
- How many shares of West Bancorporation Inc are outstanding?
- 17.0 million shares as of October 28, 2026, from its 10-Q filed October 29, 2026.
- What is West Bancorporation Inc's public float?
- $317M as of June 30, 2025, as reported on the cover of its 10-K filed February 26, 2026.
- When is West Bancorporation Inc's annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed March 3, 2026.
- Have West Bancorporation Inc insiders traded stock recently?
- Since November 11, 2025, officers and directors reported 3 open-market sales worth about $711K and 0 purchases on Forms 4 and 5. The most recent: Steven K. Gaer (Director) sold 6,215 shares on November 4, 2026.