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.
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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.