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, 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.
West Bancorporation, Inc. (Nasdaq: WTBA) reported strong Q3 2021 results, with net income of $12.7 million ($0.76 per share), up from $8.1 million in Q3 2020. For the first nine months of 2021, net income reached $37.7 million ($2.25 per share), a significant increase compared to $24.2 million in the same period of 2020. The Board declared a quarterly dividend of $0.24, payable on November 24, 2021. The company experienced a loan growth of 10.1% for the first nine months, with improved credit quality as the Texas ratio fell to 3.24%.
West Bancorporation, Inc. (Nasdaq: WTBA) announced that Dave Nelson, its Chairman & CEO, has joined the American Bankers Association (ABA) Board of Directors. Nelson, who previously served on the Iowa Bankers Association Board and its Chair, will begin a three-year term starting October 2021. The ABA represents banks of all sizes in the U.S. This leadership role underscores Nelson's commitment to the banking industry.
West Bancorporation operates West Bank, focusing on lending and deposit services in Iowa and Minnesota, with a history dating back to 1893.
West Bancorporation, Inc. (Nasdaq: WTBA) will report its third quarter 2021 results on October 28, 2021, before market opening. A conference call to discuss these results is scheduled for October 29, 2021, at 10:00 a.m. CT. Interested participants can join by calling 888-339-0814, with a replay available until November 12, 2021, using the passcode 10150542. Headquartered in West Des Moines, Iowa, West Bank, the Company’s subsidiary, has served customers since 1893, offering lending, deposit, and trust services.
West Bancorporation, Inc. (Nasdaq: WTBA) reported a strong second quarter 2021 with a net income of $13.2 million ($0.79 per diluted share), up from $8.0 million ($0.48) in Q2 2020. For the first half of 2021, net income reached $25.0 million ($1.49 per diluted share), compared to $16.1 million ($0.97) in H1 2020. The Board declared a quarterly dividend of $0.24 per share, payable on August 25, 2021. The company achieved loan growth of 6.0% in H1 2021 and improved credit quality, leading to a negative provision for loan losses of $2.0 million in Q2.
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.