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 (WTBA) delivers community-focused banking services across Iowa and Minnesota, blending traditional values with modern financial solutions. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and community engagement initiatives.
Access official press releases alongside curated analysis of earnings reports, leadership announcements, and regulatory filings. Our repository simplifies tracking of key updates including trust service expansions, small business lending programs, and digital banking enhancements – all critical for assessing the company's market position.
Discover how WTBA's localized strategy translates to financial results through quarterly earnings disclosures. Stay informed about branch network developments and treasury management innovations that reinforce its role as a regional banking leader. Bookmark this page for direct access to primary sources and distilled insights into the company's operational priorities.
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, parent of West Bank, reported a net income of $7.8 million ($0.47 per diluted share) for the first quarter of 2023, marking a decline from $8.9 million in Q4 2022 and $13.2 million in Q1 2022. The Board of Directors declared a quarterly dividend of $0.25 per share, payable May 24, 2023. Notably, loans increased by $13.3 million (2.0% annualized), while deposits fell by $82.0 million. The net interest margin decreased to 2.23% from 2.49% quarter-over-quarter due to rising deposit costs. Despite these challenges, the company's credit quality remains strong, with no loans over 30 days past due for the seventh consecutive quarter. The efficiency ratio rose to 55.34% compared to 50.42% in the prior quarter, reflecting increased operational costs.
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