STOCK TITAN

West Bancorporation - WTBA STOCK NEWS

Welcome to our dedicated news page for West Bancorporation (Ticker: WTBA), a resource for investors and traders seeking the latest updates and insights on West Bancorporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect West Bancorporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of West Bancorporation's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
dividends earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.51%
Tags
dividends earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
dividends earnings
-
Rhea-AI Summary
West Bancorporation, Inc. will report Q3 2023 results on October 26, 2023. West Bank focuses on lending, deposit services, and trust services. Contact Jane Funk for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
none
West Bancorporation

Nasdaq:WTBA

WTBA Rankings

WTBA Stock Data

269.11M
14.83M
10.9%
45.16%
1.69%
Commercial Banking
Finance and Insurance
Link
US
West Des Moines

About WTBA

west bank provides full-service banking and trust services to businesses and consumers. with assets of $1.4 billion, the company conducts business in central & eastern iowa and rochester, mn. west bank locations are in des moines, iowa city, and coralville, iowa and rochester, mn. first and foremost a "community" bank, west bank has built a strong reputation for being responsive to local needs. west bank employees place a high priority on community involvement, lending their time and talents to a long list of civic and community projects. from its humble beginnings in 1893, one thing has not changed. every customer, from the smallest to the largest, deserves our full attention and top-notch customer service. we're are poised to meet the needs of those customer well into the 21st century.