WB3 Income Statement - TTM - West Bancorporation, Inc.

Income Statement (TTM)

West Bancorporation, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	79	80	86	93	100	106	108	109	108	104	98	90	83	78	76	76	77	79	83	87
Change (%)		1.86	6.34	9.17	7.02	6.36	1.77	0.83	-0.56	-3.70	-5.75	-8.67	-7.81	-6.24	-2.46	-0.20	2.32	1.81	5.14	5.13
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	79	80	86	93	100	106	108	109	108	104	98	90	83	78	76	76	77	79	83	87
Change (%)		1.86	6.34	9.17	7.02	6.36	1.77	0.83	-0.56	-3.70	-5.75	-8.67	-7.81	-6.24	-2.46	-0.20	2.32	1.81	5.14	5.13
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	32	31	32	32	33	34	35	36	38	37	40	41	41	41	41	41	42	44	45	45
Change (%)		-3.20	3.75	1.97	1.92	4.10	1.35	3.73	4.17	-1.15	6.47	2.70	0.22	0.75	-0.29	1.34	2.00	2.99	2.43	0.76
% of Revenue	40.02	38.04	37.11	34.66	33.01	32.31	32.17	33.10	34.67	35.59	40.20	45.21	49.15	52.82	53.99	54.83	54.66	55.29	53.86	51.62

R&D
Change (%)
% of Revenue

OpEx	38	38	38	39	40	42	42	43	44	44	45	46	47	47	47	47	48	49	50	50
Change (%)		0.02	1.17	2.55	1.21	4.60	1.10	2.09	2.67	0.02	3.02	2.37	0.29	0.57	-0.65	1.09	1.52	2.12	2.31	0.50
% of Revenue	47.91	47.05	44.76	42.04	39.76	39.10	38.85	39.33	40.61	42.18	46.10	51.68	56.22	60.31	61.42	62.22	61.73	61.92	60.26	57.60

Operating Income	41	43	47	54	60	65	66	66	64	60	53	43	36	31	29	29	30	30	33	37
Change (%)		3.54	10.94	14.53	11.23	7.53	2.20	0.04	-2.65	-6.25	-12.15	-18.12	-16.48	-14.99	-5.21	-2.27	3.64	1.31	9.74	12.15
% of Revenue	52.09	52.95	55.24	57.96	60.24	60.90	61.15	60.67	59.39	57.82	53.90	48.32	43.78	39.69	38.58	37.78	38.27	38.08	39.74	42.40

Interest Expense
Change (%)
% of Revenue

Net Income	32	33	36	42	46	50	51	50	49	46	41	34	29	24	22	21	21	24	26	29
Change (%)		2.98	11.20	14.49	11.06	7.26	2.89	-1.12	-2.19	-6.00	-11.51	-16.57	-16.63	-15.48	-8.43	-3.03	0.21	11.98	8.45	10.69
% of Revenue	40.22	40.67	42.53	44.60	46.28	46.67	47.18	46.27	45.51	44.42	41.71	38.10	34.46	31.06	29.16	28.33	27.75	30.52	31.48	33.15

Source: Capital IQ

West Bancorporation, Inc. - Income Statement (TTM)

Income Statement (TTM)

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