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West Bancorp (WTBA)

Market Price (12/27/2025): $22.62 | Market Cap: $383.2 Mil
Sector: Financials | Industry: Regional Banks

West Bancorp (WTBA)

Market Price (12/27/2025): $22.62
Market Cap: $383.2 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.7%, FCF Yield is 10%		 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -72%		 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%		 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.4		 Key risks
WTBA key risks include [1] a significantly compressed net interest margin in 2024 due to adverse economic conditions, Show more.
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%		  
3 Low stock price volatility
Vol 12M is 29%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.7%, FCF Yield is 10%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%
3 Low stock price volatility
Vol 12M is 29%
4 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -72%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.4
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0%
7 Key risks
WTBA key risks include [1] a significantly compressed net interest margin in 2024 due to adverse economic conditions, Show more.

Valuation, Metrics & Events

WTBA Stock

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

No information is available regarding a 14.3% stock movement for West Bancorp (WTBA) for the approximate time period from August 31, 2025, to December 27, 2025, and its associated key explanatory factors. General forecasts and analyst ratings for WTBA in 2025 are available, but they do not detail a specific 14.3% movement within the requested timeframe.

<br><br><b>1.</b>

<br><br><b>2.</b>

<br><br><b>3.</b>

<br><br><b>4.</b>

<br><br><b>5.</b>

Show more

Stock Movement Drivers

Fundamental Drivers

The 9.6% change in WTBA stock from 9/26/2025 to 12/26/2025 was primarily driven by a 6.0% change in the company's Net Income Margin (%).
926202512262025Change
Stock Price ($)20.5622.549.64%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)87.3992.055.34%
Net Income Margin (%)33.04%35.02%5.99%
P/E Multiple12.0611.85-1.77%
Shares Outstanding (Mil)16.9416.94-0.03%
Cumulative Contribution9.64%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
WTBA9.6% 
Market (SPY)4.3%39.5%
Sector (XLF)3.3%58.3%

Fundamental Drivers

The 16.2% change in WTBA stock from 6/27/2025 to 12/26/2025 was primarily driven by a 11.6% change in the company's Net Income Margin (%).
627202512262025Change
Stock Price ($)19.3922.5416.22%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)83.1592.0510.70%
Net Income Margin (%)31.37%35.02%11.63%
P/E Multiple12.5211.85-5.39%
Shares Outstanding (Mil)16.8416.94-0.60%
Cumulative Contribution16.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
WTBA16.2% 
Market (SPY)12.6%38.8%
Sector (XLF)7.4%54.8%

Fundamental Drivers

The 7.0% change in WTBA stock from 12/26/2024 to 12/26/2025 was primarily driven by a 24.8% change in the company's Net Income Margin (%).
1226202412262025Change
Stock Price ($)21.0722.546.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)76.5592.0520.25%
Net Income Margin (%)28.06%35.02%24.80%
P/E Multiple16.5111.85-28.25%
Shares Outstanding (Mil)16.8316.94-0.64%
Cumulative Contribution6.99%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
WTBA7.0% 
Market (SPY)15.8%48.0%
Sector (XLF)14.4%55.6%

Fundamental Drivers

The 5.7% change in WTBA stock from 12/27/2022 to 12/26/2025 was primarily driven by a 64.8% change in the company's P/E Multiple.
1227202212262025Change
Stock Price ($)21.3322.545.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)105.4292.05-12.68%
Net Income Margin (%)46.83%35.02%-25.22%
P/E Multiple7.1911.8564.76%
Shares Outstanding (Mil)16.6416.94-1.81%
Cumulative Contribution5.64%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
WTBA13.9% 
Market (SPY)48.0%40.2%
Sector (XLF)51.8%55.7%

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
WTBA Return-21%66%-14%-12%8%10%17%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
WTBA Win Rate42%75%42%42%50%75% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
WTBA Max Drawdown-40%-0%-32%-38%-24%-15% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventWTBAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-54.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven120.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-40.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven68.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven355 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven54.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven886 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-75.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven311.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,927 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

West Bancorp's stock fell -54.5% during the 2022 Inflation Shock from a high on 11/15/2021. A -54.5% loss requires a 120.0% gain to breakeven.

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Asset Allocation

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About West Bancorp (WTBA)

West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. Further, the company provides internet and mobile banking services; treasury management services comprising cash management, client-generated automated clearing house transaction, remote deposit, and fraud protection services; and merchant credit card processing services and corporate credit cards. It has seven offices in the Des Moines area; one office in Coralville and Iowa; and one office each in Rochester, Owatonna, Mankato, and St. Cloud, Minnesota. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.

AI Analysis | Feedback

Here are 1-3 brief analogies for West Bancorp (WTBA):

  • U.S. Bank, but for Iowa and Minnesota.
  • Wells Fargo's community banking, scaled for Iowa and Minnesota.

AI Analysis | Feedback

Here are the major services provided by West Bancorp (WTBA):
  • Deposit Accounts: Services for individuals and businesses to securely save and manage their money, including checking, savings, money market, and certificate of deposit accounts.
  • Commercial & Real Estate Loans: Financing solutions for businesses, including commercial real estate, construction, and commercial and industrial loans.
  • Residential Mortgage Loans: Loans provided to individuals for the purchase or refinancing of homes.
  • Consumer Loans: Personal financing options for individuals, such as auto loans, personal loans, and home equity lines of credit.
  • Treasury Management: Services designed for businesses to optimize cash flow, manage payments, and enhance financial operations.

AI Analysis | Feedback

West Bancorp (WTBA) is a bank holding company that operates primarily through its subsidiary, West Bank. As a financial institution, it does not typically have "major customers" in the way a manufacturing or retail company might, where a few large buyers represent a significant portion of revenue. Instead, West Bancorp provides a broad range of financial services to a diverse base of individual and business customers.

The company primarily serves the following categories of customers:

  • Individual Consumers: This category includes individuals who use West Bancorp for their personal banking needs. Services offered include checking accounts, savings accounts, money market accounts, certificates of deposit, residential mortgages, home equity loans, personal loans, and auto loans.
  • Small to Medium-Sized Businesses (SMEs): West Bancorp serves a variety of businesses, from small enterprises to larger middle-market companies. These customers utilize the bank for commercial loans, lines of credit, business checking and savings accounts, treasury management services, and other specialized business banking solutions.
  • Commercial Real Estate Developers and Investors: A significant portion of West Bancorp's lending activity involves commercial real estate. This customer category includes developers and investors seeking financing for the acquisition, development, construction, and refinancing of commercial properties across various sectors such as multi-family, office, retail, and industrial.

AI Analysis | Feedback

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AI Analysis | Feedback

David D. Nelson, President and CEO Mr. Nelson is the Chief Executive Officer and President of West Bancorp, Inc., and also serves as Chairman, Director, and Chief Executive Officer of West Bank. He joined the Company in April 2010 and brings over 30 years of experience in commercial banking, with a strong background in customer relationship building, credit, and leadership development. Jane M. Funk, Executive Vice President, Treasurer and Chief Financial Officer Ms. Funk is the Executive Vice President, Treasurer, and Chief Financial Officer of West Bancorp, Inc., and Director, Executive Vice President, and Chief Financial Officer of West Bank. She joined West Bank in 2014, bringing over 20 years of combined experience in the financial services industry and public accounting. Ms. Funk is a CPA and was previously with the public accounting firm RSM US LLP for over 18 years, and also worked for two other financial institutions prior to joining West Bank. Brad L. Winterbottom, Executive Vice President Mr. Winterbottom serves as Executive Vice President of West Bancorp, Inc. and President of West Bank. He joined the West Bancorporation Board in 2009 and has been a Director of West Bank since 2000. Mr. Winterbottom originally joined West Bank in 1992. Harlee N. Olafson, Executive Vice President and Chief Risk Officer Mr. Olafson is the Chief Risk Officer and Executive Vice President of West Bancorp, Inc., and has served as a Director, Chief Risk Officer, and Executive Vice President of West Bank since 2010. He possesses over 30 years of experience in commercial banking. Brad P. Peters, Executive Vice President Mr. Peters is an Executive Vice President of West Bancorp, Inc., and Executive Vice President and Minnesota Group President of West Bank. He joined West Bank in 2019, bringing more than 30 years of experience in commercial banking.

AI Analysis | Feedback

West Bancorp (WTBA) faces several key risks, primarily stemming from its nature as a regional bank operating within a dynamic financial landscape. The most significant risks include:

1. Economic Conditions and Net Interest Margin Compression

West Bancorp has directly experienced the impact of macroeconomic uncertainty and an inverted yield curve, which led to a significantly compressed net interest margin in 2024, causing earnings to fall short of financial performance standards. Such adverse economic conditions can directly affect the bank's profitability and financial health.

2. Competitive Pressures

The banking sector in West Bancorp's market areas is highly competitive, encompassing other commercial banks, credit unions, mortgage companies, and financial technology (FinTech) companies. These competitive and pricing pressures on both loans and deposits can impact the company's ability to grow and maintain profitability.

3. Changes in Regulatory Requirements

As a financial institution, West Bancorp is subject to extensive regulation. Changes in local and national regulatory requirements, as well as actions by bodies such as the Securities and Exchange Commission (SEC) and the Federal Reserve Board, can significantly affect the company's operations, compliance costs, and business strategies.

AI Analysis | Feedback

West Bancorp, as a traditional regional bank, faces several clear emerging threats primarily stemming from the accelerating pace of digital transformation in financial services:

Fintech Disruption: The rise of financial technology (fintech) companies and neobanks (digital-only banks) presents a significant threat. These agile competitors often offer superior digital user experiences, potentially lower fees, faster lending processes, and innovative services tailored to specific customer segments. Companies like Chime, SoFi, Ally Bank, and various online lenders can attract customers with attractive deposit rates, streamlined loan applications, and user-friendly mobile apps, potentially eroding West Bancorp's market share in deposits, consumer lending, and even small business banking without needing a physical presence in West Bancorp's operating markets.

Non-Bank Payment Solutions: The increasing adoption of payment applications and platforms (e.g., PayPal, Venmo, Cash App, Zelle) that facilitate transactions outside of traditional bank accounts poses a threat to the centrality of checking accounts and traditional banking relationships. While West Bancorp may integrate with some of these platforms, the broader trend can reduce the frequency of direct interaction and reliance on traditional bank services for payments, diminishing the bank's role as the primary financial hub for its customers.

AI Analysis | Feedback

West Bancorp (symbol: WTBA) operates as a bank holding company, with its primary subsidiary, West Bank, offering full-service banking to businesses and consumers in Iowa and Minnesota. Its main products and services encompass general banking activities, loans (including residential mortgages and commercial lending), and trust services, which fall under wealth management. The addressable markets for these services in the U.S. are substantial.

  • Community Banking (General Banking Services): The assets controlled by community banks in the U.S. totaled approximately $3.2 trillion as of December 2022.

  • Residential Mortgages: The residential mortgage debt outstanding in the U.S. amounted to $11.92 trillion as of the fourth quarter of 2022.

  • Commercial Lending: The global commercial lending market was valued at $14.15 trillion in 2023. With the U.S. holding approximately 75% of the commercial lending market share, the addressable market in the U.S. for commercial lending is estimated to be around $10.61 trillion in 2023.

  • Wealth Management: The North American wealth management market, a significant portion of which is the U.S. market, accounted for $937.45 billion in 2023.

AI Analysis | Feedback

West Bancorp (WTBA) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market conditions:

  1. Net Interest Margin (NIM) Expansion: The company anticipates continued improvement in its net interest margin, which has been a primary driver of financial performance. This is expected to be fueled by the repricing of approximately $550 million in fixed-rate loans over the next 12 months at higher yields, as well as the anticipated favorable impact of future Federal Reserve rate cuts through 2026.

  2. Strategic Loan Growth: West Bancorp aims for sustained loan growth, supported by a "good" loan pipeline. Management has indicated plans to fund this expansion through ongoing deposit gathering efforts and cash flows from its securities portfolio. Loan balances increased by $43 million in the third quarter of 2025.

  3. Focused Deposit Gathering: The company is actively targeting "deposit-rich business banking opportunities" and "high-value retail deposits." This disciplined approach to attracting new business and maintaining a strong deposit base is crucial for efficiently funding loan growth and optimizing the cost of funds.

  4. Capitalizing on Competitor M&A Activity: West Bancorp is strategically leveraging new business opportunities arising from recent merger and acquisition activities among competitors in its markets, particularly in Minnesota. This allows the company to attract new customers and expand its market share.

AI Analysis | Feedback

Share Issuance

  • The number of common shares outstanding has generally increased over the last five years, from 16.45 million in 2020 to approximately 16.94 million as of November 2025.
  • This represents a net increase of approximately 0.49 million shares outstanding over the 2020-2025 period.

Capital Expenditures

  • West Bancorp completed the construction and moved into a new headquarters building in West Des Moines, Iowa in April 2024, a project that was several years in the making.
  • The company opened new permanent locations in Mankato, Minnesota in November 2023, and in St. Cloud, Minnesota in March 2022.
  • The net value of premises and equipment increased from $86.4 million in 2023 to $110.0 million in 2024, indicating substantial capital investments in property and infrastructure.

Latest Trefis Analyses

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0ARTICLES

Trade Ideas

Select ideas related to WTBA. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		14.5%14.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.5%-1.5%-1.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-4.5%-4.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-11.1%-11.1%-12.1%

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Peer Comparisons for West Bancorp

Peers to compare with:

Financials

WTBAHPQHPEIBMCSCOAAPLMedian
NameWest Ban.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price22.5423.2624.49305.0978.16273.4051.32
Mkt Cap0.421.932.6284.9309.24,074.4158.8
Rev LTM9255,29534,29665,40257,696408,62556,496
Op Inc LTM-3,6241,64411,54412,991130,21411,544
FCF LTM402,80062711,85412,73396,1847,327
FCF 3Y Avg122,9781,40011,75313,879100,5037,366
CFO LTM453,6972,91913,48313,744108,5658,590
CFO 3Y Avg373,6723,89613,49814,736111,5598,697

Growth & Margins

WTBAHPQHPEIBMCSCOAAPLMedian
NameWest Ban.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM20.3%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg-3.0%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q23.1%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM5.3%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM-6.6%4.8%17.7%22.5%31.9%17.7%
Op Mgn 3Y Avg-7.4%7.2%16.4%24.2%30.8%16.4%
QoQ Delta Op Mgn LTM--0.2%-1.4%0.6%0.4%0.1%0.1%
CFO/Rev LTM49.4%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg43.6%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM43.4%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg12.8%5.5%4.6%18.6%24.6%25.6%15.7%

Valuation

WTBAHPQHPEIBMCSCOAAPLMedian
NameWest Ban.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.421.932.6284.9309.24,074.4158.8
P/S4.10.41.04.45.410.04.3
P/EBIT-6.819.925.122.531.322.5
P/E11.88.6572.736.029.941.033.0
P/CFO8.45.911.221.122.537.516.2
Total Yield12.9%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield4.4%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg3.3%10.6%5.5%6.4%6.0%3.1%5.7%
D/E1.00.50.70.20.10.00.4
Net D/E-0.20.30.60.20.00.00.1

Returns

WTBAHPQHPEIBMCSCOAAPLMedian
NameWest Ban.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn0.5%-1.8%14.4%0.6%2.7%-1.5%0.6%
3M Rtn9.6%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn16.2%-4.0%34.5%6.6%15.2%36.3%15.7%
12M Rtn7.0%-27.3%14.2%39.2%33.7%6.0%10.6%
3Y Rtn5.7%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn-1.3%-5.6%12.9%-2.2%-0.0%-3.7%-1.8%
3M Excs Rtn5.3%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn4.0%-16.3%22.3%-5.7%3.0%24.0%3.5%
12M Excs Rtn-8.1%-42.9%-0.7%25.0%19.9%-8.4%-4.4%
3Y Excs Rtn-72.3%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Community banking activities781011049274
Total781011049274


Price Behavior

Price Behavior
Market Price$22.54 
Market Cap ($ Bil)0.4 
First Trading Date05/03/1999 
Distance from 52W High-5.9% 
   50 Days200 Days
DMA Price$21.87$19.83
DMA Trendupup
Distance from DMA3.1%13.7%
 3M1YR
Volatility26.7%29.2%
Downside Capture51.6091.61
Upside Capture85.3084.93
Correlation (SPY)38.9%48.0%
WTBA Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.561.060.991.290.770.86
Up Beta-0.070.911.482.030.610.84
Down Beta0.090.950.930.800.660.73
Up Capture105%149%108%128%86%62%
Bmk +ve Days13263974142427
Stock +ve Days10233365123354
Down Capture64%95%73%125%105%100%
Bmk -ve Days7162452107323
Stock -ve Days10192958121388

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of WTBA With Other Asset Classes (Last 1Y)
 WTBASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return7.1%16.3%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility29.1%19.0%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.240.670.722.700.340.09-0.08
Correlation With Other Assets 55.5%47.8%-7.8%9.8%51.2%23.6%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of WTBA With Other Asset Classes (Last 5Y)
 WTBASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return6.4%16.1%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility31.8%18.9%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.250.710.700.970.500.160.57
Correlation With Other Assets 58.1%42.5%0.5%11.3%43.1%19.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of WTBA With Other Asset Classes (Last 10Y)
 WTBASector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return5.5%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility32.9%22.3%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.250.550.710.860.320.220.90
Correlation With Other Assets 63.7%50.6%-4.7%17.2%46.8%14.5%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity416,426
Short Interest: % Change Since 11302025-0.3%
Average Daily Volume36,518
Days-to-Cover Short Interest11.40
Basic Shares Quantity16,941,000
Short % of Basic Shares2.5%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/23/20253.4%8.7%8.5%
7/24/2025-2.7%-5.9%-1.4%
4/24/2025-4.9%-1.3%-0.3%
1/23/2025-0.2%3.9%7.5%
10/24/20240.5%8.1%18.3%
7/25/2024-1.6%-2.3%-8.5%
4/25/2024-1.4%1.1%2.7%
1/25/2024-4.5%-7.8%-12.0%
...
SUMMARY STATS   
# Positive131315
# Negative10108
Median Positive1.9%3.7%7.5%
Median Negative-1.6%-3.3%-6.1%
Max Positive4.5%25.0%20.7%
Max Negative-4.9%-7.8%-12.0%

SEC Filings

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Report DateFiling DateFiling
93020251023202510-Q 9/30/2025
6302025724202510-Q 6/30/2025
3312025424202510-Q 3/31/2025
12312024220202510-K 12/31/2024
93020241024202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021224202210-K 12/31/2021

Industry Resources

External Quote Links


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