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West Bancorporation Inc. (symbol: WTBA) is a distinguished financial institution known for its comprehensive range of banking and trust services aimed at both businesses and consumers. With assets totaling $1.4 billion, West Bancorporation operates primarily in central and eastern Iowa and Rochester, Minnesota, with key branches located in Des Moines, Iowa City, Coralville, and Rochester.
Founded in 1893, the company has a long-standing tradition of serving local communities, embodying the essence of a 'community' bank. West Bank has earned a solid reputation for its responsiveness to community needs and the dedication of its employees to civic involvement. From small personal accounts to large corporate clients, West Bank ensures top-notch customer service for all.
West Bancorporation offers a wide range of deposit services such as checking, savings, money market accounts, and time certificates of deposit. In addition to traditional banking services, the company also provides online and mobile banking, making banking more convenient for its customers.
For business customers, West Bank offers specialized treasury management services. These include cash management, client-generated automated clearing house transactions, remote deposit, and fraud protection services. The bank also provides merchant credit card processing and corporate credit card services, demonstrating its commitment to meeting the comprehensive banking needs of its clients.
Recent achievements and projects at West Bancorporation include the enhancement of digital banking platforms to better serve tech-savvy customers and the introduction of new financial products tailored to meet evolving market demands. The company remains focused on innovation and community engagement, aiming to retain its status as a trusted financial partner well into the 21st century.
West Bancorporation, Inc. (NASDAQ: WTBA) is set to announce its second quarter 2022 results on July 28, 2022, before market open. A conference call will follow on July 29, 2022, at 10:00 a.m. CT, where results will be discussed. Interested participants can call 844-200-6205 with access code 776154. West Bank, a subsidiary of West Bancorporation, has been operational since 1893, providing lending, deposit, and trust services across multiple locations in Iowa and Minnesota.
West Bancorporation, Inc. (Nasdaq: WTBA) has priced its offering of $60 million in 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032. Initially, the notes bear a 5.25% interest rate until June 15, 2027, after which it will reset quarterly based on a benchmark rate plus 241 basis points. The proceeds will support organic growth and strengthen regulatory capital. The offering is expected to close around June 14, 2022, with Piper Sandler acting as the sole underwriter. This issuance qualifies as Tier 2 capital.
West Bancorporation, Inc. (Nasdaq: WTBA) reported a first quarter 2022 net income of $13.2 million, or $0.78 per diluted share, a 12% increase compared to $11.8 million in Q1 2021. The Board declared a quarterly dividend of $0.25 per share, payable on May 25, 2022. The Company recorded a negative provision for loan losses of $750,000, indicating strong loan performance. Total assets grew to $3.5 billion from $3.2 billion year-over-year. Additionally, a new bank in St. Cloud opened in March 2022, reflecting the Company’s expansion plans.
West Bancorporation, Inc. (Nasdaq: WTBA) will announce its first quarter 2022 results on April 28, 2022, before market opening. A conference call for discussing these results is scheduled for April 29, 2022, at 10:00 a.m. Central Time. Interested participants can join the call using the provided telephone number and access code. Established in 1893, West Bank, a subsidiary of West Bancorporation, offers a range of banking services including lending and deposit services across Iowa and Minnesota.
West Bancorporation, Inc. (WTBA) reported a significant increase in 2021 net income, reaching $49.6 million or $2.95 per diluted share, up from $32.7 million in 2020. The fourth quarter net income also rose to $11.9 million, compared to $8.6 million in Q4 2020. A quarterly dividend of $0.25 per share has been declared, marking a record high, payable on February 23, 2022. The company experienced 16% loan growth and 12% deposit growth in 2021, with total assets increasing to $3.5 billion.
West Bancorporation, Inc. (Nasdaq: WTBA) will release its fourth-quarter 2021 financial results on January 27, 2022, before market opening. A conference call to discuss these results is scheduled for January 28, 2022, at 10:00 a.m. Central Time. Investors can join the call at 888-339-0814, with a replay available until February 11, 2022, using the passcode 3153348. West Bank, its subsidiary, has been serving customers since 1893, focusing on lending and deposit services in the greater Des Moines area and Minnesota.
West Bancorporation, Inc. (Nasdaq: WTBA) reported strong Q3 2021 results, with net income of $12.7 million ($0.76 per share), up from $8.1 million in Q3 2020. For the first nine months of 2021, net income reached $37.7 million ($2.25 per share), a significant increase compared to $24.2 million in the same period of 2020. The Board declared a quarterly dividend of $0.24, payable on November 24, 2021. The company experienced a loan growth of 10.1% for the first nine months, with improved credit quality as the Texas ratio fell to 3.24%.
West Bancorporation, Inc. (Nasdaq: WTBA) announced that Dave Nelson, its Chairman & CEO, has joined the American Bankers Association (ABA) Board of Directors. Nelson, who previously served on the Iowa Bankers Association Board and its Chair, will begin a three-year term starting October 2021. The ABA represents banks of all sizes in the U.S. This leadership role underscores Nelson's commitment to the banking industry.
West Bancorporation operates West Bank, focusing on lending and deposit services in Iowa and Minnesota, with a history dating back to 1893.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its third quarter 2021 results on October 28, 2021, before market opening. A conference call to discuss these results is scheduled for October 29, 2021, at 10:00 a.m. CT. Interested participants can join by calling 888-339-0814, with a replay available until November 12, 2021, using the passcode 10150542. Headquartered in West Des Moines, Iowa, West Bank, the Company’s subsidiary, has served customers since 1893, offering lending, deposit, and trust services.
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