WTBA West Bancorporation featured news, full reports, and detailed charts
West Bancorporation (WTBA) Wrap Up:
West Bancorporation, Inc. (the “Company”) is an Iowa corporation and financial holding company registered under the Bank Holding Company Act of 1956, as amended by the Gramm-Leach-Bliley Act of 1999. The Company owns 100 percent of the stock of one state banking subsidiary, West Bank, and one registered investment advisory firm, WB Capital Management Inc. (“WB Capital”), as described below. All of West Bank’s operations are conducted primarily within the Des Moines and Iowa City, Iowa, metropolitan areas in the State of Iowa. The Company’s registered investment advisory firm’s operations are conducted primarily in the Des Moines and Coralville, Iowa, metropolitan areas, but they also have clients throughout the United States. The Company does not engage in any material business activities apart from its ownership of its banking and investment advisory subsidiaries. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f07%2f0001144204-08-013887.html#FIS_BUSINESS"www.westbankiowa.com
Founded in 1893
West Bancorp., Inc. (WTBA:NASDAQ)
LAST $4.97 USD
CHANGE TODAY +0.10 2.05%
VOLUME 19.8K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of West Bancorp., Inc. (WTBA)
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OPEN
$4.82
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PREVIOUS CLOSE
$4.87
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DAY HIGH
$4.99
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DAY LOW
$4.82
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52 WEEK HIGH
12/19/08 - $12.72
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52 WEEK LOW
10/28/09 - $4.28
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MARKET CAP
86.5M
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AVERAGE VOLUME 3 mo
28.7K
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DILUTED EPS TTM
$-0.92
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SHARES OUTSTANDING
17.4M
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WTBA Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
WTBA Top Compensated Officers
Mr. Douglas Ray Gulling
Chief Financial Officer, Principal Accounting...
Age: 55
Total Annual Compensation: $214.2K
Mr. Brad Lee Winterbottom
Executive Vice President, Director, President...
Age: 52
Total Annual Compensation: $214.2K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for West Bancorp., Inc. (WTBA)
West Bancorp. Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/29/2009
West Bancorp. Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income available to common shareholders from continuing operations of $2.4 million or $0.14 per share compared to a net loss available to common shareholders from continuing operations of $182,000 or $0.01 per share for the same quarter last year. Total net income available to common shareholders was $1.3 million for the third quarter of 2009 compared to a net loss in the same quarter last year of $360,000. On a per common share basis, third quarter 2009 net income was $0.08 compared to a net loss of $0.02 for the third quarter of 2008. The company reported income before income taxes of $3.9 million and income from continuing operations of $3 million compared to loss before income taxes of $1.2 million and loss from continuing operations of $182,000 for the same period a year ago. Total interest income was $17.22 million compared to $18.19 million for the same period a year ago. The company reported return on average equity of 5.74% and return on average assets of 0.49% compared to loss on average equity of 1.22% and loss on average assets of 0.10% for the same period a year ago. For the first nine months of 2009, the net loss for common shareholders was $19.1 million compared to net income of $5.5 million for the first nine months of 2008. The common stock loss per share for the first nine months of 2009 was $1.10 compared to earnings per common share of $0.32 for the first nine months of 2008. The company reported net loss available to common shareholders from continuing operations of $9.5 million compared to a net loss available to common shareholders from continuing operations of $5.43 million for the same period a year ago. The company reported loss before income taxes of $15.84 million and loss from continuing operations of $7.82 million compared to income before income taxes of $6.2 million and income from continuing operations of $5.43 million for the same period a year ago. Total interest income was $51.45 million compared to $54.38 million for the same period a year ago. The company reported loss on average equity of 16.01% and loss on average assets of 1.44% compared to return on average equity of 6.18% and return on average assets of 0.55% for the same period a year ago. For the quarter, the company reported net impairment losses of $827,000 compared to $1.73 million for the same period a year ago.
West Bancorp., Inc., Q3 2009 Earnings Call, Oct-29-2009
10/9/2009
West Bancorp., Inc., Q3 2009 Earnings Call, Oct 29 2009
West Bancorp., Inc. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 1, 2009).
10/1/2009
West Bancorp., Inc. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 1, 2009).
WTBA Competitors
| Company | Last | Change |
| Bank of America Corp | $16.09 USD | +0.01 |
| Danvers Bancorp Inc | $13.78 USD | +0.13 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | WTBA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.8x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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WTBA |
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WTBA transactions
| Type Date |
Target |
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Merger/Acquisition
July 29, 2009 |
WB Capital Management Inc. |
More Recent News About West Bancorporation
More news for WTBA
Miles Capital Holdings, Inc. Agrees to Purchase WB Capital Management Inc. From West Bancorporation, Inc.
DES MOINES, Iowa, Oct. 2 /PRNewswire-FirstCall/ -- Miles Capital Holdings, Inc. and West Bancorporation, Inc. (Nasdaq: WTBA - News) today announced a definitive agreement for Miles Capital Holdings, Inc. to acquire WB Capital Management Inc., ("WB Capital") a wholly-owned subsidiary of West Bancorporation, Inc. The acquisition is subject to customary conditions, including approvals or consents from a requisite percentage of WB Capital clients, and is expected to close on or before December 31, 2009.In making the announcement, David Miles, Managing Director of Miles Capital Holdings, Inc. said, "We are delighted to have this opportunity to once again serve the asset management needs of public agencies, insurance companies, banks and private individuals - many of whom have been clients of WB Capital and its predecessor companies for many years."Mr. Miles joined Investors Management Group ("IMG") in 1987, acquiring controlling interest of the firm in 1991. Under his leadership, IMG grew to become Iowa's largest independent asset management firm before it was sold to AMCORE Financial in 1998. The firm was subsequently sold to West Bancorporation, Inc. in 2005, where it was combined with VMF Capital to form WB Capital."Throughout the firm's history, we have focused on sitting on the same side of the table with our clients," noted Miles. "And I am looking forward to meeting face-to-face with many old and new friends over the weeks and months to come."WB Capital currently has 24 employees in its West Des Moines ...Click here to read the whole Article (external link)
WEST BANCORPORATION INC Files SEC form 8-K, Change in Directors or Principal Officers
Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. West Bancorporation, Inc. (the "Company") and its former Chief Executive Officer Thomas E. Stanberry entered into a Separation Agreement and Release (the "Agreement") on September 18, 2009. The Agreement provides that if at any time before July 15, 2012, the controlling law for the Treasury's TARP program is interpreted or changed so the Company may in the future pay Mr. Stanberry all or any part of a Severance Payment as defined in his May 23, 2008, Employment Agreement ("Employment Agreement"), then the Company shall make the payment. The Agreement provides further that it shall not be interpreted as creating a deferral, a future entitlement, or a future reinstatement of a prohibited payment. Rather, the intent is to allow a Severance Payment only if future controlling authority retroactively authorizes payment. The contingent Severance Payment would be $750,000 plus family health insurance premiums for one year. The Agreement also contains the Company's waiver of Mr. Stanberry's covenant not to compete. The Agreement provides that Mr. Stanberry may engage in the businesses in which the Company was engaged during the term of the Employment Agreement or provide services, such as consulting or legal services, to any entity engaged in those businesses. If Mr. Stanberry takes advantage of the covenant waiver, all Company obligations concerning the contingent Severance Payment described above are released. The confidentiality, non-solicitation, and non-tampering provisions of the Employment Agreement remain in effect. The information contained in this report may contain forward-looking statements about the Company's growth and acquisition strategies, new products and services, and future financial performance, including earnings and dividends per share, return on average assets, return on average...Click here to read the whole Article (external link)
West Bancorp. sells asset-management business
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
WEST BANCORPORATION INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for WEST BANCORPORATION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEST BANCORPORATION INC 2-Oct-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informa...Click here to read the whole Article (external link)
West Bancorporation, Inc. to Announce Results, Hold Conference Call on October 29, 2009
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
WEST BANCORPORATION INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Impairments, Financi
Show all filings for WEST BANCORPORATION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEST BANCORPORATION INC 6-Oct-2009Entry into a Material Definitive Agreement, Material Impairments, Financi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informati...Click here to read the whole Article (external link)
Q3 2009 WEST BANCORPORATION INC Earnings Release - Before Market Open
Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...Click here to read the whole Article (external link)
WEST BANCORPORATION INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue16,558 19,608 22,804 22,089 Cost of Revenue4,672 5,305 5,265 5,607 Gross Profit11,886 14,303 17,539 16,482 Operating ExpensesResearch Development - - - - Selling General and Administrative3,522 7,805 7,503 5,665 Non Recurring(9,103)23,036 - - Others2,454 14,131 4,915 6,014 Total Operating Expenses - - - - Operating Income or Loss15,013 (30,669)5,121 4,803 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes15,013 (30,669)5,121 4,803 Interest Expense1,771 1,771 1,760 1,943 Income Before Tax13,242 (32,440)3,361 2,860 Income Tax Expense1,720 (10,161)420 752 Minority Interest - - - - Net Income From Continuing Ops11,522 (22,279)2,941 2,108 Non-recurring EventsDiscontinued Operations(9,617) - - - Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
WEST BANCORPORATION INC Files SEC form 8-K, Financial Statements and Exhibits
Show all filings for WEST BANCORPORATION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEST BANCORPORATION INC 29-Oct-2009Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes on...Click here to read the whole Article (external link)
West Bancorporation, Inc. Announces Results for 3rd Quarter and First Nine Months of 2009
WEST DES MOINES, IA--(Marketwire - 10/29/09) - West Bancorporation, Inc. (NASDAQ:WTBA - News) (the "Company"), parent company of West Bank and WB Capital Management Inc. ("WB Capital"), reports net income available to common shareholders from continuing operations of $2.4 million or $0.14 per share compared to a net loss available to common shareholders from continuing operations of ($182,000) or ($0.01) per share for the same quarter last year. The results of WB Capital, a net loss of ($1.1 Million) or ($0.06) per share compared to a net loss of ($178,000) or ($0.01) per share for the same quarter last year, are considered to be from discontinued operations since the Company entered into an agreement on October 1, 2009 to sell this subsidiary. Total net income available to common shareholders was $1.3 million for the third quarter of 2009 compared to a net loss in the same quarter last year of ($360,000). On a per common share basis, third quarter 2009 net income was $0.08 compared to a net loss of ($0.02) for the third quarter of 2008. "We are very pleased to announce the return to a quarterly profit given the current adverse economic conditions affecting our customers," said Chairman Jack Wahlig.The results for the third quarter included a provision for loan losses of $3 million and a further goodwill impairment charge for the Company's investment in WB Capital of $1.5 million. The goodwill impairment charge was made to reduce the book value of WB Capital to the approximate amount the Company will recognize when the transac...Click here to read the whole Article (external link)
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