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West Bancorporation reports developments tied to its role as the parent company of West Bank, a community bank serving consumers and small- to medium-sized businesses in Iowa and Minnesota. The bank focuses on lending, deposit services and trust services, with additional digital banking and treasury management offerings for business customers.
Company updates regularly cover quarterly financial results, dividend declarations, net interest income and margin trends, loan balances and mix, credit quality, funding costs and relationship banking activity across its markets.
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.
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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.
West Bancorporation, Inc. (Nasdaq: WTBA) reported a first quarter 2022 net income of $13.2 million, or $0.78 per diluted share, a 12% increase compared to $11.8 million in Q1 2021. The Board declared a quarterly dividend of $0.25 per share, payable on May 25, 2022. The Company recorded a negative provision for loan losses of $750,000, indicating strong loan performance. Total assets grew to $3.5 billion from $3.2 billion year-over-year. Additionally, a new bank in St. Cloud opened in March 2022, reflecting the Company’s expansion plans.
West Bancorporation, Inc. (Nasdaq: WTBA) will announce its first quarter 2022 results on April 28, 2022, before market opening. A conference call for discussing these results is scheduled for April 29, 2022, at 10:00 a.m. Central Time. Interested participants can join the call using the provided telephone number and access code. Established in 1893, West Bank, a subsidiary of West Bancorporation, offers a range of banking services including lending and deposit services across Iowa and Minnesota.
West Bancorporation, Inc. (WTBA) reported a significant increase in 2021 net income, reaching $49.6 million or $2.95 per diluted share, up from $32.7 million in 2020. The fourth quarter net income also rose to $11.9 million, compared to $8.6 million in Q4 2020. A quarterly dividend of $0.25 per share has been declared, marking a record high, payable on February 23, 2022. The company experienced 16% loan growth and 12% deposit growth in 2021, with total assets increasing to $3.5 billion.
West Bancorporation, Inc. (Nasdaq: WTBA) will release its fourth-quarter 2021 financial results on January 27, 2022, before market opening. A conference call to discuss these results is scheduled for January 28, 2022, at 10:00 a.m. Central Time. Investors can join the call at 888-339-0814, with a replay available until February 11, 2022, using the passcode 3153348. West Bank, its subsidiary, has been serving customers since 1893, focusing on lending and deposit services in the greater Des Moines area and Minnesota.