West Bancorporation, Inc. (NASDAQ:WTBA) Q1 2025 Earnings Conference Call April 24, 2025 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer David Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - Bank President Bradley Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyon ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-49677 WEST BANCORPORATION, INC. (Exact Name of Registrant as Specified in its Charter) (State of Incorporation) (I.R.S. Employer ...

Exhibit 99.1 Press Release April 24, 2025 FOR IMMEDIATE RELEASE For more information contact: Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766 West Des Moines, IA - West Bancorporation, Inc. (Nasdaq: WTBA; the "Company"), parent company of West Bank, today reported first quarter 2025 net income of $7.8 million, or $0.46 per diluted common share, compared to fourth quarter 2024 net income of $7.1 million, or $0.42 per diluted common share, and first quarter 2024 net i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-49677 WEST BANCORPORATION, INC. (Exact name of registrant as specified in its charter) Iowa 42-1230603 (State or ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q4 2024 Earnings Conference Call January 23, 2025 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer Dave Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Thank you for standing by. My name is Joel, and I will be your conference operator today. At this time, I would like to welcome everyone to the West Bancorporation, Inc. Fo ...

NASDAQ: WTBA Q4 2024 | Earnings Highlights 1 Disclaimers Certain statements in this presentation, other than purely historical information, including estimates, projections, statements relating to the Company's business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of ...

West Bancorp (WTBA) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this holding company for West Bank would post earnings of $0.31 per share when it actually produced earnings of $0.35, delivering a surprise of 12.90%.Over the last four quarter ...

Financial Performance - West Bancorporation reported a net income of $24.1 million for 2024, consistent with 2023, but diluted earnings per share decreased slightly from $1.44 to $1.42 [1] - Fourth quarter 2024 net income was $7.1 million, up from $6.0 million in the third quarter and $4.5 million in the fourth quarter of 2023 [1] - The company declared a quarterly dividend of $0.25 per common share, payable on February 19, 2025 [1] Key Financial Metrics - Return on average equity was 12.24% for Q4 2024, up from 10.71% for the full year [4] - Return on average assets improved to 0.68% in Q4 2024 from 0.61% for the full year [4] - The efficiency ratio improved to 60.79% in Q4 2024 from 63.25% for the full year [4] Deposit and Loan Performance - Core deposits grew significantly in Q4 2024, leading to a 2.4% increase in total deposits and an 8.4% increase excluding brokered deposits [5] - Loans decreased by $16.4 million in Q4 2024 due to customer asset sales and refinancing, but increased by $77.3 million or 2.6% compared to December 31, 2023 [5][10] - The allowance for credit losses to total loans ratio increased to 1.01% at December 31, 2024 from 0.97% at September 30, 2024 [5] Net Interest Margin and Income - Net interest margin improved to 1.98% in Q4 2024 from 1.91% in Q3 2024 and 1.87% in Q4 2023 [10] - Net interest income increased to $19.4 million in Q4 2024 from $18.0 million in Q3 2024 and $16.4 million in Q4 2023 [10] - The cost of deposits decreased by 27 basis points in Q4 2024 due to changes in deposit mix and reductions in deposit pricing [10] Credit Quality and Risk Management - Credit quality remained strong with no loans past due greater than 30 days at year-end [2] - Nonperforming assets to total assets remained at 0.00% as of December 31, 2024 [4] - The credit loss expense for 2024 was $1.0 million, primarily due to adjustments in the commercial real estate segment [9] Strategic Initiatives and Investments - The company focused on core deposit growth through targeted relationship building and improved digital banking platforms [2] - Investments were made in retail online and mobile banking platforms, as well as fraud management tools [2] - The company sold $11.8 million of securities in December 2024, realizing a net loss of $1.2 million, with proceeds to be reinvested in the loan portfolio [10] Balance Sheet and Capital Position - Total assets increased to $4.0 billion at December 31, 2024 from $3.8 billion at December 31, 2023 [15] - The tangible common equity ratio decreased to 5.68% at December 31, 2024 from 5.90% at September 30, 2024 [10] - Borrowed funds decreased to $392.6 million at December 31, 2024 from $592.6 million at December 31, 2023 [10]

Exhibit 99.1 Press Release January 23, 2025 FOR IMMEDIATE RELEASE For more information contact: Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766 WEST BANCORPORATION, INC. ANNOUNCES FOURTH QUARTER AND YEAR END 2024 FINANCIAL RESULTS AND DECLARES QUARTERLY DIVIDEND West Des Moines, IA - West Bancorporation, Inc. (Nasdaq: WTBA; the "Company"), parent company of West Bank, today reported 2024 net income of $24.1 million, or $1.42 per diluted common share, compared to 202 ...

West Bancorp (WTBA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a ch ...