WEST BANCORPORATION, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $68.7M | $65.1M | $62.4M | $59.4M | $54.2M | $52.1M | $50.8M | $52.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $49.4M | $40.8M | $37.4M | $32.8M | $31.3M | $32.2M | $33.3M | $37.7M |
| Operating Margin | 71.9% | 62.7% | 60.0% | 55.3% | 57.7% | 61.9% | 65.5% | 71.9% |
| Interest Expense | $13.0M | $7.9M | $6.0M | $6.2M | $7.1M | $9.5M | $11.9M | $19.0M |
| Pretax Income | $36.4M | $33.0M | $31.4M | $26.7M | $24.2M | $22.8M | $21.3M | $18.7M |
| Income Tax Expense | $13.4M | $9.9M | $9.7M | $6.6M | $7.3M | $6.8M | $6.1M | $5.3M |
| Net Income | $23.1M | $23.0M | $21.7M | $20.0M | $16.9M | $16.0M | $15.3M | $13.4M |
| Net Margin | 33.6% | 35.4% | 34.9% | 33.7% | 31.2% | 30.8% | 30.1% | 25.5% |
| EPS (Basic) | $1.42 | $1.43 | $1.35 | $1.25 | $1.02 | $0.92 | $0.74 | $0.64 |
| EPS (Diluted) | $1.41 | $1.42 | $1.35 | $1.25 | $1.02 | $0.92 | $0.74 | $0.64 |
| Shares Outstanding (Basic) | 16.2M | 16.1M | 16.1M | 16.0M | 16.6M | 17.4M | 17.4M | 17.4M |
| Shares Outstanding (Diluted) | 16.3M | 16.2M | 16.1M | 16.0M | 16.6M | 17.4M | 17.4M | 17.4M |
| Dividends Per Share | $0.71 | $0.67 | $0.62 | $0.49 | $0.42 | $0.36 | $0.17 | $0.05 |