West Bancorporation, Inc.

WTBANASDAQFinancial Services● Active

$24.24

+$0.15(+0.62%)

Market Cap$412761144

P/E Ratio—

52W High$26.6

52W Low$17.31

Avg Volume41K

Open$23.94

Beta0.72

Free Cash Flow Financials Revenue

West Bancorporation, Inc. (WTBA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WTBA · free cash flow · updated Jun 9, 2026

Core FCF metrics

WTBA · FCF · TTM · margin & CAGR

Free cash flow was $43.2M for FY2025 (fiscal year ending 2025-12-31), up 215.6% year-over-year The FCF margin was 21.7%. Five-year CAGR stands at +1.6%.

FY2025 Free Cash Flow$43.2M▲ +215.6% YoY

Trailing 12M (TTM)$47.3Mtrailing 4 quarters sum

FCF Margin21.7%$43.2M ÷ revenue

3-Year CAGR+4.2%FY2022 → FY2025

5-Year CAGR+1.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WTBA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$46.5M(3M)$43.2M▲ +215.6%21.7%

FY2024$39.8M(26M)$13.7M▲ +222.8%6.9%

FY2023$25.2M(36M)−$11.1M▼ 129.2%-6.6%

FY2022$59.4M(21M)$38.1M▼ 22.4%28.6%

FY2021$57.9M(9M)$49.1M▲ +22.9%42.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WTBA · P/FCF · FCF yield · FCF per share

West Bancorporation, Inc. (WTBA) trades at a FCF yield of 11.46% and a price-to-free-cash-flow ratio of 8.7x. FCF per share stands at $2.79, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.46%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.79

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

WTBA · cash flow statement · operating / investing / financing

For FY2025, West Bancorporation, Inc. generated $46.5M in operating cash flow and spent 3M in capital expenditures, yielding $43.2M in free cash flow.

Operating Activities

+$46.5M

Cash from core business operations

2025-12-31

Investing Activities

+$93.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$87.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($46.5M) − |CapEx| (3M) = FCF ($43.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

WTBA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

West Bancorporation, Inc.YOU

WTBA

$43.2M+215.6%21.7%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

West Bancorporation, Inc. (WTBA) reported free cash flow of $43.2M for FY2025 (fiscal year ending 2025-12-31), up 215.6% year-over-year. The FCF margin was 21.7%.

Based on available data, West Bancorporation, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $49.1M in FY2021. The 5-year CAGR stands at +1.6%.

West Bancorporation, Inc.'s FCF yield is 11.46% and price-to-FCF ratio is 8.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WTBA free cash flow · 8 questions

West Bancorporation, Inc. free cash flow was $43.2M for FY2025, up 215.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $47.3M.

WTBA free cash flowWTBA FCFWTBA FCF 2025WTBA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · West Bancorporation, Inc. · West Bancorporation, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026