Welcome to our dedicated page for West Bancorporation news (Ticker: WTBA), a resource for investors and traders seeking the latest updates and insights on West Bancorporation stock.
West Bancorporation, Inc. (Nasdaq: WTBA) is the parent company of West Bank, a community bank headquartered in West Des Moines, Iowa. The bank has been serving customers since 1893 and focuses on lending, deposit services and trust services for consumers and small- to medium-sized businesses in its Iowa and Minnesota markets. This news page aggregates company announcements and market updates related to WTBA stock and West Bancorporation’s banking operations.
Readers can find quarterly and annual earnings releases, where the company discusses net income, net interest income, net interest margin, efficiency ratio, loan and deposit trends, credit loss expense and credit quality metrics such as nonperforming assets to total assets. These releases often highlight changes in commercial, commercial real estate and construction loan portfolios, as well as movements in core deposits, brokered deposits and borrowed funds.
The news feed also includes dividend declarations by the board of directors, information about regular quarterly dividends on common stock and details on record and payment dates. In addition, West Bancorporation issues press releases about upcoming earnings conference calls, providing dial-in information and replay instructions for investors and analysts who want to hear management’s discussion of financial results and strategic priorities.
Other items that may appear in the WTBA news stream include corporate governance updates, such as board of directors changes, and references to the company’s ongoing initiatives in areas like treasury management services, digital banking capabilities and fraud management tools. By following this page, users can review a chronological record of West Bancorporation’s public communications and better understand how its community banking business, financial performance and risk profile evolve over time.
West Bancorporation (Nasdaq: WTBA) has announced it will release its fourth quarter 2024 financial results on Thursday, January 23, 2025 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.
Investors can access the conference call at 800-715-9871 using conference ID 7846129. A recording will be available until February 6, 2025, by dialing 800-770-2030 with the same conference ID.
West Bank, the company's wholly-owned subsidiary, operates as a community bank providing lending, deposit, and trust services to consumers and small-to-medium businesses. The bank maintains six offices in greater Des Moines, Iowa, one in Coralville, Iowa, and four offices across Minnesota in Rochester, Mankato, Owatonna, and St. Cloud.
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.
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