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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, 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.
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.