WEST BANCORPORATION INC Earnings Per Share Disclosure
| (in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net income | $ | 32,560 | $ | 24,050 | $ | 24,137 | |||||||||||
| Weighted average common shares outstanding | 16,915 | 16,806 | 16,704 | ||||||||||||||
| Weighted average effect of restricted stock units outstanding | 87 | 89 | 46 | ||||||||||||||
| Diluted weighted average common shares outstanding | 17,002 | 16,895 | 16,750 | ||||||||||||||
| Basic earnings per common share | $ | 1.92 | $ | 1.43 | $ | 1.44 | |||||||||||
| Diluted earnings per common share | $ | 1.92 | $ | 1.42 | $ | 1.44 | |||||||||||
Number of anti-dilutive common stock equivalents excluded from diluted earnings per share computation | 311 | 293 | 412 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.