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West Bancorporation, Inc. reported results from its Annual Meeting of Stockholders held on April 23, 2026. Shareholders owning 14,049,876 shares were present in person or by proxy out of 16,940,785 shares outstanding as of February 13, 2026, representing about 82.9 percent and establishing a quorum.
All eight director nominees were elected, each receiving over 10.6 million votes in favor, with several above 10.9 million, and 3,046,597 broker non-votes recorded for each. Shareholders also approved, on a nonbinding basis, the 2025 executive compensation, with 10,573,274 votes for, 418,364 against, and 11,641 abstentions, plus 3,046,597 broker non-votes.
In addition, shareholders ratified the appointment of RSM US LLP as independent registered public accounting firm for the year ending December 31, 2026, with 13,719,188 votes for, 324,557 against, and 6,131 abstentions.
West Bancorporation filed a Form 13F reporting its institutional holdings via its investment manager, West Bancorporation Inc. The report lists 98 holdings with a Form 13F Information Table value total of $200,427,504, and the filing was signed on 04-23-2026.
West Bancorporation, Inc. reported strong first quarter 2026 results, with net income of $10.6 million, or $0.61 per diluted share, up from $7.4 million and $0.43 in the prior quarter and $7.8 million and $0.46 a year earlier. Return on average assets was 1.06% and return on average equity was 15.91%, reflecting improved profitability.
Net interest income rose to $24.4 million and fully tax-equivalent net interest margin increased to 2.59% from 2.47% in the fourth quarter of 2025 and 2.28% a year ago, mainly due to lower deposit and borrowing costs. The efficiency ratio improved to 49.85%, indicating tighter expense control relative to revenue.
Asset quality remained very strong, with nonperforming assets at 0.00% of total assets, no nonaccrual loans, and an allowance for credit losses equal to 1.02% of total loans. Total loans were $3.0 billion and deposits were $3.3 billion, with an estimated 27.0% of deposits uninsured. The tangible common equity ratio increased to 6.75%, supported by retained earnings and lower accumulated other comprehensive loss.
The board declared a regular quarterly dividend of $0.25 per common share, payable on May 20, 2026 to stockholders of record on May 6, 2026, representing an annualized dividend yield of 4.20% based on the March 31, 2026 closing stock price of $23.79.
West Bancorporation, Inc. reported first-quarter 2026 net income of $10.6 million, up from $7.8 million a year earlier. Diluted earnings per share rose to $0.61 from $0.46, reflecting stronger profitability despite a modestly smaller balance sheet.
Annualized return on average assets improved to 1.06%, and return on average equity increased to 15.91%. Net interest margin on a fully taxable equivalent basis expanded to 2.59% from 2.28% as interest income grew and funding costs declined. The adjusted efficiency ratio improved to 49.85%, indicating tighter expense control.
Total loans ended the quarter at $3.0 billion, slightly below year-end, while deposits declined to $3.3 billion. Asset quality remained exceptionally strong, with no nonperforming loans and an allowance for credit losses of $30.5 million, or 1.02% of loans. The board declared a quarterly dividend of $0.25 per share.
West Bancorp Inc filed an amendment to a Schedule 13G reporting that The Vanguard Group holds 0 shares and 0% of the class of Common Stock following an internal realignment. The filing notes the realignment occurred on January 12, 2026 and the amendment was signed on March 27, 2026.
The filing states Vanguard will report certain subsidiaries or business divisions separately in reliance on SEC Release No. 34-39538, and that those subsidiaries pursue the same investment strategies previously pursued by Vanguard. The report lists Vanguard's principal business address as 100 Vanguard Blvd., Malvern, PA.
West Bancorporation Inc. CEO David D. Nelson used company stock to cover taxes on vested restricted stock units. On March 25, 2026, 6,811 shares of common stock were withheld at $23.71 per share to pay payroll taxes due at vesting.
After this tax-withholding disposition, Nelson held 117,340 shares directly. He also had indirect ownership of 107,457 shares through the Katherine A. Nelson Revocable Trust and 31,695 shares through a 401(k) plan, reflecting a substantial continuing stake in the company.
WEST BANCORPORATION INC Chief Risk Officer Harlee Olafson reported a routine tax-withholding share disposition related to equity compensation. On March 25, 2026, 6,334 shares of common stock were withheld at $23.71 per share to cover payroll taxes upon vesting of restricted stock units. After this, Olafson directly held 135,948 common shares and indirectly held 20,850 shares through a 401(k) plan. A footnote also notes that 719 previously reported performance stock units did not vest because the performance conditions were not met.
WEST BANCORPORATION INC CFO Jane M. Funk reported a tax-withholding disposition of 6,033 shares of common stock on March 25, 2026, valued at $23.71 per share, to cover payroll taxes upon vesting of restricted stock units. After this withholding, she directly owns 71,517 shares and indirectly holds 220 shares through a 401(k) plan. The footnotes also note that 719 previously reported performance stock units did not vest because performance conditions were not met.
West Bancorporation Inc executive vice president Brad L. Winterbottom reported a compensation-related share withholding rather than an open-market trade. On March 25, 2026, 6,162 shares of common stock were withheld at $23.71 per share to cover payroll taxes due upon the vesting and issuance of restricted stock units. After this tax-withholding disposition, he held 148,589 shares directly, plus 6,607 shares held indirectly by his spouse and 26,058 shares held indirectly through a 401(k) plan. The filing also notes that 719 performance stock units previously reported did not vest because the applicable performance conditions were not satisfied.
West Bancorporation Inc Executive Vice President Bradley P. Peters reported a tax-related share disposition. On March 25, 2026, 6,111 shares of common stock were withheld at $23.71 per share to cover payroll taxes due upon vesting of restricted stock units. After this withholding, Peters directly holds 86,524 shares of common stock. A footnote also states that 719 previously reported performance stock units did not vest because the required performance conditions were not met.