West Bancorporation - WTBA STOCK NEWS

West Bancorporation reported third quarter 2024 net income of $6.0 million, or $0.35 per diluted share, compared to $5.2 million in Q2 2024. The company declared a quarterly dividend of $0.25 per share. Key highlights include loan growth of $22.4 million (3.0% annualized), deposit increase of $97.6 million (3.1%), and a net interest margin of 1.91%. The company maintained strong credit quality with nonperforming assets at 0.01% of total assets. The efficiency ratio improved to 63.28% from 67.14% in Q2 2024, driven by increased net interest income.

West Bancorporation, Inc. (Nasdaq: WTBA), the parent company of West Bank, has announced its plans to report third quarter 2024 results on Thursday, October 24, 2024, before markets open. The company will host a conference call at 2:00 p.m. Central Time on the same day to discuss the results.

Interested parties can join the call using the phone number 800-715-9871 and conference ID 7846129. A recording will be available until November 7, 2024, by dialing 800-770-2030 with the same conference ID.

West Bancorporation, headquartered in West Des Moines, Iowa, operates through its subsidiary West Bank, which has been serving customers since 1893. The community bank focuses on lending, deposit services, and trust services for consumers and small- to medium-sized businesses. It has six offices in the greater Des Moines area, one in Coralville, Iowa, and four offices in Minnesota.

West Bancorporation (Nasdaq: WTBA) reported Q2 2024 net income of $5.2 million, or $0.31 per diluted share, down from $5.8 million in Q1 2024 and $5.9 million in Q2 2023. The company declared a quarterly dividend of $0.25 per share. Key highlights include:

- Loans increased by $18.6 million (2.5% annualized) in Q2 2024
- Deposits grew by $115.9 million (3.8%) in Q2 2024
- Net interest margin was 1.86% for Q2 2024
- Efficiency ratio increased to 67.14% in Q2 2024
- Nonperforming assets to total assets remained low at 0.01%

The company's credit quality remains strong, with no credit loss expense recorded in Q1 or Q2 2024. West Bancorporation's strategic investments in new buildings are expected to drive future growth.

West Bancorporation (Nasdaq: WTBA), the parent company of West Bank, will announce its second-quarter results for 2024 on Thursday, July 25, before the market opens. The company will hold a conference call at 2:00 p.m. Central Time the same day to discuss the results. The call can be accessed by dialing 800-715-9871 and using the conference ID 8511345. A replay will be available until August 8, 2024, by calling 800-770-2030 and using the same conference ID. West Bank, a community bank serving customers since 1893, focuses on lending, deposit, and trust services for consumers and small- to medium-sized businesses. It operates six offices in the greater Des Moines, Iowa area, one in Coralville, Iowa, and four in Minnesota.

West Bancorporation, Inc. reported first quarter 2024 net income of $5.8 million, with a dividend of $0.25 per common share declared. The Company's move to a new headquarters in West Des Moines aims to enhance business development. Despite industry challenges, loans and deposits increased, while the efficiency ratio improved. Margin challenges persist due to short-term rates and competition, affecting net interest margin.

West Bancorporation, Inc. (WTBA) will report its Q1 2024 results on April 25, 2024. The Company will discuss the results in a conference call and provide a recording of the call until May 9, 2024. West Bank, a subsidiary, focuses on lending, deposit, and trust services for consumers and small to medium-sized businesses.

West Bancorporation, Inc. reported a decrease in net income for 2023 compared to 2022, with net income of $24.1 million and $1.44 per diluted common share in 2023, compared to $46.4 million and $2.76 per diluted common share in 2022. The company's net income for Q4 2023 was $4.5 million, or $0.27 per diluted common share, compared to $5.9 million, or $0.35 per diluted common share in Q3 2023, and $8.9 million, or $0.53 per diluted common share in Q4 2022. The company's efficiency ratio increased to 64.66% in Q4 2023 from 60.73% in Q3 2023. The credit loss expense in 2023 was $700 thousand, compared to a credit loss benefit of $2.5 million in 2022. Net interest income declined $22.7 million in 2023 compared to 2022. The company plans to file its report on Form 10-K with the SEC on or before February 22, 2024.

West Bancorporation, Inc. (Nasdaq: WTBA) will report its Q4 2023 results on January 25, 2024, before the markets open. The company will discuss its results in a conference call and has been serving customers since 1893. West Bank, its wholly-owned subsidiary, focuses on lending, deposit services, and trust services for consumers and small- to medium-sized businesses. The bank has multiple offices in Iowa and Minnesota.

West Bancorporation, Inc. reports Q3 2023 net income of $5.9 million, compared to $5.9 million in Q2 2023 and $11.6 million in Q3 2022. The company declares a regular quarterly dividend of $0.25 per share. Loans increased by 6.1% in Q3 2023. Deposits decreased by 2.8% in Q3 2023. Borrowed funds increased to $705.1 million. Net interest income decreased from $17.3 million in Q2 2023 to $16.6 million in Q3 2023. The efficiency ratio was 60.83% in Q3 2023. The tangible common equity ratio was 5.51% at the end of Q3 2023.