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, Inc. (Nasdaq: WTBA), the parent company of West Bank, is set to report its second-quarter results on July 29, 2021, before market opening. A follow-up conference call to discuss these results will be held on July 30, 2021, at 10:00 a.m. Central Time. Interested parties can join the call at 888-339-0814, with a replay available until August 13, 2021, by calling 877-344-7529 with the passcode 10150541. West Bank has been serving customers since 1893, operating multiple branches across Iowa and Minnesota.
West Bancorporation (Nasdaq: WTBA) announced the retirement of Douglas R. Gulling as Executive Vice President and CFO, effective September 30, 2021. He will assist in a non-officer role through 2022. Jane M. Funk will succeed him as CFO effective October 1, 2021. Funk, who has been with the Company since 2014, previously served as Controller and Chief Accounting Officer. CEO David Nelson expressed confidence in Funk's qualifications and the transition plan, emphasizing careful succession planning.
West Bancorporation (WTBA) reported a first quarter 2021 net income of $11.8 million, or $0.70 per diluted share, an increase from $8.1 million or $0.49 in Q1 2020. The Board declared a quarterly dividend of $0.24 per share, up by $0.02 from the previous quarter, marking a record high. This dividend is payable on May 26, 2021, to stockholders of record on May 12, 2021. CEO Dave Nelson highlighted the bank's strong capital and credit quality, and the company was ranked 10th among large community banks by S&P Global Market Intelligence.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its first-quarter 2021 results on April 29, 2021, before market opening. A conference call to discuss these results is scheduled for April 30, 2021, at 10:00 a.m. Central Time. Interested parties can join the call by calling 888-339-0814. A recording will be accessible until May 14, 2021, using the passcode 10150543. West Bancorporation operates West Bank, which provides lending, deposit, and trust services primarily in Iowa and Minnesota.
West Bancorporation (Nasdaq: WTBA) reported a 2020 net income of $32.7 million or $1.98 per diluted share, showing a 14% increase from $28.7 million in 2019. Fourth-quarter net income reached $8.6 million, up from $7.6 million in the previous year. The company declared a quarterly dividend of $0.22 per share, payable on February 24, 2021. Total deposits grew by 34.1% to $2.7 billion. Despite challenges, including a $12 million loan loss provision, the company continues to exhibit strong capital and earnings.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its fourth-quarter 2020 results on January 28, 2021, before market opening. A conference call to discuss these results is scheduled for 10:00 a.m. Central Time on January 29, 2021. Interested participants can join the call at 888-339-0814. A replay of the call will be available until February 12, 2021, using the passcode 10150540. West Bank has been serving customers since 1893, focusing on community banking, and operates several branches in Iowa and Minnesota.
West Bancorporation (WTBA) reported a third quarter 2020 net income of $8.1 million, or $0.49 per diluted share, up from $7.5 million in Q3 2019. For the first nine months, net income rose to $24.2 million compared to $21.1 million a year prior. A quarterly dividend of $0.21 per share was declared, payable on November 25, 2020. Despite challenges from COVID-19, the company maintained strong credit quality and has expanded its loan portfolio, increasing average balances by $208.1 million year-over-year.
West Bancorporation, Inc. (Nasdaq: WTBA) will release its third-quarter 2020 results on October 29, 2020, before market opening. The results will be discussed in a conference call on October 30, 2020, at 10:00 a.m. Central Time, accessible at 888-339-0814. A recording will be available until November 13, 2020. West Bank, a subsidiary of West Bancorporation, has served customers since 1893, focusing on lending and deposit services in Iowa and Minnesota.
West Bancorporation, Inc. (WTBA) reported a 19.4% increase in second quarter net income, reaching $8.0 million or $0.48 per diluted share, compared to $6.7 million or $0.41 in Q2 2019. For the first half of 2020, net income grew to $16.1 million or $0.97 per diluted share, from $13.6 million or $0.83 last year. A quarterly dividend of $0.21 per share was declared, payable on August 19, 2020. CEO Dave Nelson acknowledged the ongoing challenges of the COVID-19 pandemic but expressed confidence in the company's strong financial position.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its Q2 2020 results on July 23, 2020, before market opening. A conference call for discussing these results is scheduled for July 24, 2020, at 10:00 a.m. Central Time. Investors can participate via phone at 888-339-0814, with a recording available until August 7, 2020. West Bank, a subsidiary, provides banking services in Iowa and Minnesota, with a focus on consumer and business lending. Established in 1893, it operates multiple branches in the greater Des Moines area and surrounding regions.
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