WEST BANCORPORATION, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $95.2M | $79.8M | $79.1M | $101.9M | $104.8M | $92.4M | $74.7M | $69.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $41.4M | $27.4M | $121.1M | $91.0M | $75.1M | $58.8M | $68.0M | $57.8M |
| Operating Margin | 43.5% | 34.4% | 153.1% | 89.3% | 71.7% | 63.6% | 91.0% | 82.8% |
| Interest Expense | — | — | $91.3M | $31.6M | $12.2M | $17.4M | $32.2M | $22.7M |
| Pretax Income | $41.4M | $27.4M | $29.8M | $59.4M | $62.9M | $41.4M | $35.7M | $35.1M |
| Income Tax Expense | $8.9M | $3.4M | $5.6M | $13.0M | $13.3M | $8.7M | $7.1M | $6.6M |
| Net Income | $32.6M | $24.1M | $24.1M | $46.4M | $49.6M | $32.7M | $28.7M | $28.5M |
| Net Margin | 34.2% | 30.1% | 30.5% | 45.5% | 47.3% | 35.4% | 38.4% | 40.8% |
| EPS (Basic) | $1.92 | $1.43 | $1.44 | $2.79 | $3.00 | $1.99 | $1.75 | $1.75 |
| EPS (Diluted) | $1.92 | $1.42 | $1.44 | $2.76 | $2.95 | $1.98 | $1.74 | $1.74 |
| Shares Outstanding (Basic) | 16.9M | 16.8M | 16.7M | 16.6M | 16.5M | 16.4M | 16.4M | 16.3M |
| Shares Outstanding (Diluted) | 17.0M | 16.9M | 16.8M | 16.8M | 16.8M | 16.5M | 16.5M | 16.4M |
| Dividends Per Share | $1.00 | $1.00 | $1.00 | $1.00 | $0.94 | $0.84 | $0.83 | $0.78 |