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Uncovering 3 US Undiscovered Gems with Strong Financial Foundations
Fri 02 May 25, 05:33 PMWest Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call
Fri 21 Mar 25, 12:30 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 59.40M | 62.91M | 41.38M | 35.74M | 35.07M |
| Minority interest | - | - | - | - | - |
| Net income | 46.40M | 49.61M | 32.71M | 28.69M | 28.51M |
| Selling general administrative | 31.65M | 27.51M | 25.31M | 24.93M | 22.16M |
| Selling and marketing expenses | 0.25M | 0.22M | 0.21M | 0.23M | 0.20M |
| Gross profit | 101.41M | 104.79M | 92.44M | 74.75M | 69.41M |
| Reconciled depreciation | 4.46M | 3.62M | 3.39M | 5.07M | 6.35M |
| Ebit | 91.01M | 62.91M | 41.38M | 35.74M | 57.80M |
| Ebitda | 95.47M | 66.52M | 44.77M | 40.81M | 64.16M |
| Depreciation and amortization | 4.46M | 3.62M | 3.39M | 5.07M | 6.35M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 91.01M | 62.91M | 41.38M | 35.74M | 57.80M |
| Other operating expenses | 0.87M | -41.88000M | -51.05400M | 23.56M | 24.23M |
| Interest expense | 31.61M | 12.22M | 17.40M | 32.24M | 22.73M |
| Tax provision | 13.00M | 13.30M | 8.67M | 7.05M | 6.56M |
| Interest income | 123.35M | 107.28M | 100.23M | 98.67M | 84.79M |
| Net interest income | 91.74M | 95.06M | 82.83M | 66.43M | 62.06M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 13.00M | 13.30M | 8.67M | 7.05M | 6.56M |
| Total revenue | 101.41M | 104.79M | 92.44M | 74.75M | 69.81M |
| Total operating expenses | 0.87M | -41.88000M | -51.05400M | 23.56M | 24.23M |
| Cost of revenue | - | - | - | - | 0.40M |
| Total other income expense net | -31.60900M | -12.22100M | -17.40000M | -32.24500M | -22.73500M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 46.40M | 49.61M | 32.71M | 28.69M | 28.51M |
| Net income applicable to common shares | 46.40M | 49.61M | 32.71M | 28.69M | 28.51M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3831.53M | 3613.22M | 3500.20M | 3185.74M | 2473.69M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | 461.44M |
| Other current assets | 78.94M | 11.99M | 8.89M | -431.80200M | 15.48M |
| Total liab | 3606.49M | 3402.11M | 196.99M | 217.01M | 222.73M |
| Total stockholder equity | 225.04M | 211.11M | 260.33M | 223.69M | 211.82M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 1029.93M | 3080.41M | 3018.89M | 2706.37M | 2218.51M |
| Common stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Capital stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Retained earnings | 271.37M | 267.56M | 237.78M | 203.72M | 184.82M |
| Other liab | - | - | 24.00M | 38.67M | 21.73M |
| Good will | - | - | - | - | - |
| Other assets | - | 2822.49M | 1921.54M | 2226.60M | 1601.91M |
| Cash | 65.36M | 26.54M | 17.55M | 77.69M | 37.81M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 1501.06M | 200.00M | 3018.89M | 2745.04M | 2218.51M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 530.68M | 259.32M | 179.43M | 139.32M | 184.92M |
| Short term debt | 471.13M | 200.00M | - | 27.04M | 1.37M |
| Short long term debt | - | - | - | - | 1.37M |
| Short long term debt total | 596.04M | 285.86M | 196.99M | 217.01M | 222.73M |
| Other stockholder equity | 34.20M | 32.02M | 30.18M | 28.82M | 27.26M |
| Property plant equipment | - | 53.12M | 34.57M | 29.08M | 29.68M |
| Total current assets | 78.94M | 701.00M | 785.27M | 509.50M | 443.52M |
| Long term investments | 623.92M | 664.12M | 758.82M | 2251.14M | 1924.43M |
| Net tangible assets | - | 211.11M | 260.33M | 223.69M | 211.82M |
| Short term investments | 623.92M | 664.12M | 758.82M | 420.57M | 398.58M |
| Net receivables | 13.58M | 11.99M | 8.89M | 11.23M | 7.13M |
| Long term debt | 442.37M | 285.86M | 196.99M | 42.01M | 43.36M |
| Inventory | -670.74500M | - | - | - | - |
| Accounts payable | - | 35.84M | 3016.01M | 38.67M | 21.73M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -83.52300M | -91.47100M | -10.63700M | -11.84600M | -3.26100M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 3.00M | 3.00M | 3.00M | 3.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | 267.56M | 237.78M | 203.72M | 184.82M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 88.92M | -664.11500M | -793.39000M | -449.64800M | -428.25800M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 3752.59M | 89.73M | 793.39M | 449.65M | 428.26M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | 130.85M | 71.99M | 42.01M | 43.36M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -226.90600M | -336.52000M | -528.46800M | -357.64400M | -155.05500M |
| Change to liabilities | - | 9.19M | 0.02M | 0.15M | 1.04M |
| Total cashflows from investing activities | - | -357.83100M | -537.21100M | -367.16300M | -155.49900M |
| Net borrowings | - | 255.84M | 34.50M | 1.35M | 18.56M |
| Total cash from financing activities | 182.25M | 132.11M | 275.72M | 668.02M | 124.35M |
| Change to operating activities | - | 10.20M | 2.13M | -0.33800M | 0.01M |
| Net income | 24.14M | 46.40M | 49.61M | 32.71M | 28.69M |
| Change in cash | 38.82M | -166.28600M | -203.61000M | 343.14M | 5.82M |
| Begin period cash flow | 26.54M | 192.82M | 396.44M | 53.29M | 47.47M |
| End period cash flow | 65.36M | 26.54M | 192.82M | 396.44M | 53.29M |
| Total cash from operating activities | 25.25M | 59.44M | 57.88M | 42.28M | 36.97M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 1.86M | 4.46M | 3.62M | 3.39M | 5.07M |
| Other cashflows from investing activities | - | -9.37100M | 1.76M | -7.20000M | 0.60M |
| Dividends paid | 16.70M | 16.62M | 15.54M | 13.81M | 13.58M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | -1.59300M | -3.09800M | 2.34M | -4.09700M | 0.50M |
| Sale purchase of stock | -0.93500M | -1.51900M | -1.21300M | -0.74900M | -0.86100M |
| Other cashflows from financing activities | 212.10M | 84.56M | 347.02M | -0.74900M | -0.86100M |
| Change to netincome | - | 1.48M | 0.23M | 10.62M | 2.70M |
| Capital expenditures | 36.39M | 21.31M | 8.74M | 2.32M | 1.05M |
| Change receivables | - | -3.09800M | 2.34M | -4.09700M | 0.50M |
| Cash flows other operating | - | 1.00M | 2.07M | -0.49000M | -1.02900M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | -166.28600M | -203.61000M | 343.14M | 5.82M |
| Change in working capital | -6.99100M | 7.10M | 4.47M | -4.43500M | 0.51M |
| Stock based compensation | 3.11M | 3.36M | 2.57M | 2.31M | 2.99M |
| Other non cash items | 2.69M | -3.46400M | -2.47400M | 11.33M | -0.26400M |
| Free cash flow | -11.13800M | 38.13M | 49.13M | 39.97M | 35.92M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | |
|---|---|---|---|---|---|---|---|
| WTBA West Bancorporation |
0.15 0.62% | 24.24 | 13.05 | - | 3.43 | 1.19 | |
| HDB HDFC Bank Limited ADR |
-0.4 1.71% | 23.01 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
0.24 0.79% | 30.71 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
-0.03 0.06% | 50.45 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.92 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
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. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers online and mobile banking, treasury management services including cash management, client-generated automated clearing house transactions, remote deposit, and fraud protection services; merchant credit card processing and corporate credit cards; and administration of estates, conservatorships, personal trusts, and agency accounts. The company was founded in 1893 and is headquartered in West Des Moines, Iowa.
1601 22nd Street, West Des Moines, IA, United States, 50266
| Name | Title | Year Born |
|---|---|---|
| Mr. David D. Nelson | CEO, Pres & Director | 1961 |
| Mr. Douglas Ray Gulling | Exec. Officer & Director | 1954 |
| Mr. Brad Lee Winterbottom | Exec. VP | 1957 |
| Mr. Harlee N. Olafson | Exec. VP & Chief Risk Officer | 1958 |
| Mr. Bradley P. Peters | Exec. VP | 1964 |
| Ms. Jane M. Funk | Exec. VP, Treasurer & CFO | 1969 |
| Mr. John F. McKinney III, J.D. | VP, Gen. Counsel, First VP of West Bank and Gen. Counsel of West Bank | NA |
| Mr. Mike Zinser | Market Pres of Rochester - West Bank | NA |
| Ms. Melissa L. Gillespie | VP, Assistant Gen. Counsel & Corp. Sec. | NA |
| Mr. Han Wu | Sr. VP of West Bank | NA |
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