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, 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.
West Bancorporation, Inc. (Nasdaq: WTBA) will announce its first-quarter 2023 results on April 27, 2023, before market opening. Following this, a conference call is scheduled for the same day at 2:00 p.m. Central Time, with access via 844-200-6205 (access code: 950386). A recording will be available until May 11, 2023. Established in 1893, West Bank serves consumers and small to medium-sized businesses, operating six offices in the greater Des Moines area, one in Coralville, Iowa, and four in Minnesota.
West Bancorporation reported a net income of $46.4 million for 2022, down from $49.6 million in 2021, resulting in $2.76 per diluted share compared to $2.95 per share. In Q4 2022, net income was $8.9 million, with a $0.53 per share, a decrease from $11.9 million in Q4 2021. The company declared a $0.25 dividend per share, payable on February 22, 2023. Despite loan growth of 11.7% year-over-year, net interest income decreased by 3.5% due to rising costs. Credit quality remains strong with no loans overdue by more than 30 days for six consecutive quarters.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its fourth quarter 2022 results on January 26, 2023, prior to market opening. A conference call to discuss these results is scheduled for the same day at 2:00 p.m. Central Time, accessible at 844-200-6205 with access code 214929. The call recording will be available until February 9, 2023. West Bancorporation, located in West Des Moines, Iowa, has been operational since 1893, providing various banking services through its subsidiary, West Bank, with multiple locations in Iowa and Minnesota.
West Bancorporation reported Q3 2022 net income of $11.6 million ($0.69 per diluted share), down from $12.7 million ($0.76) in Q3 2021. Year-to-date net income stands at $37.5 million ($2.23), slightly lower than $37.7 million ($2.25) last year. A quarterly dividend of $0.25 per common share has been declared, payable on November 23, 2022. The company experienced a 6.3% annualized loan growth and maintained pristine credit quality with no loans past 30 days overdue.
West Bancorporation, Inc. (Nasdaq: WTBA) will announce its third quarter 2022 results on October 27, 2022, before market opening. A conference call is scheduled for 2:00 p.m. Central Time the same day, accessible by phone at 844-200-6205, using access code 014998. The call will be recorded for replay until November 10, 2022, with the replay access code 419470. West Bank, a subsidiary of West Bancorporation, has served the community since 1893, offering lending and trust services across Iowa and Minnesota.
West Bancorporation reported second quarter 2022 net income of $12.7 million ($0.75 per diluted share), a decrease from $13.2 million ($0.79) in Q2 2021. For the first half of 2022, net income rose to $25.9 million ($1.54), up from $25 million ($1.49) in 2021. The Board declared a $0.25 quarterly dividend, payable on August 24, 2022. A negative loan loss provision of $1.75 million was recorded, and total assets were $3.5 billion as of June 30, 2022. The company remains optimistic about loan growth despite deposit declines.
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.
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