West Bancorp (WTBA) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. West Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $19.58 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.48%. This compares to year-ago revenues of $19.73 million. The company has topped ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 (Stat ...

Exhibit 99.1 Press Release July 25, 2024 FOR IMMEDIATE RELEASE For more information contact: Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766 WEST BANCORPORATION, INC. ANNOUNCES SECOND QUARTER 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 second quarter 2024 net income of $5.2 million, or $0.31 per diluted common share, compared to first ...

West Bancorp (WTBA) shares ended the last trading session 8.5% higher at $18.71. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.9% gain over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. With cooling ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q1 2024 Earnings Conference Call April 25, 2024 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer Dave Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Brad Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Thanks for standing by. My name is Mandeep, and I will be your conference operator today. At this time, I would like to welcome everyone to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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) (State of Incorporat ...

Financial Performance - First quarter 2024 net income was $5.8 million, or $0.35 per diluted common share, compared to $4.5 million, or $0.27 per diluted common share in Q4 2023, and $7.8 million, or $0.47 per diluted common share in Q1 2023[1] - The net income for the quarter was $5,809,000, representing a 28.3% increase from $4,525,000 in the previous quarter[15] - Basic and diluted earnings per common share increased to $0.35, up from $0.27 in the previous quarter, marking a 29.6% increase[16] - Adjusted income for the quarter was $19,131,000, up from $18,809,000 in the previous quarter, indicating a growth of 1.7%[22] Loans and Deposits - Loans increased by $52.6 million, or 7.2 percent annualized, in Q1 2024, primarily due to funding of previously committed construction loans[6] - Total loans reached $2,980,133 thousand, an increase of 1.8% from $2,927,535 thousand at the end of 2023[14] - Net loans amounted to $2,951,760 thousand, reflecting a rise of 1.8% compared to $2,899,193 thousand in the previous quarter[14] - Deposits increased by $91.3 million, or 3.1 percent, in Q1 2024, with brokered deposits totaling $396.4 million, up from $305.4 million at the end of Q4 2023[10] - Total deposits grew to $3,065,030 thousand, up 3.1% from $2,973,779 thousand at December 31, 2023[14] Asset Management - Total assets increased to $3,962,692 thousand as of March 31, 2024, up from $3,825,758 thousand at December 31, 2023, representing a growth of 3.6%[13] - The average balance of assets for the quarter was $3,812,199 thousand, compared to $3,706,497 thousand in the previous quarter, indicating an increase of 2.9%[13] - The tangible common equity ratio decreased to 5.65 percent at March 31, 2024, from 5.88 percent at December 31, 2023, due to accumulated other comprehensive losses[10] Income and Expenses - For the quarter ended March 31, 2024, total interest income increased to $44,570,000, up 4.4% from $42,683,000 in the previous quarter[15] - Net interest income after credit loss expense for the quarter was $16,750,000, compared to $15,861,000 in the previous quarter, reflecting a 5.6% increase[15] - Noninterest income totaled $2,299,000, a significant increase of 21.1% from $1,898,000 in the previous quarter[15] - Noninterest expense decreased to $11,868,000 from $12,161,000 in the previous quarter, showing a reduction of about 2.4%[22] Efficiency and Ratios - The efficiency ratio improved to 62.04 percent in Q1 2024 from 64.66 percent in Q4 2023, driven by an increase in net interest income[10] - The efficiency ratio on an adjusted and FTE basis improved to 62.04% from 64.66% in the previous quarter, indicating enhanced operational efficiency[23] - Return on average assets increased to 0.61% from 0.48% in the previous quarter, showing improved asset utilization[17] - The total risk-based capital ratio as of March 31, 2024, was 11.78%, slightly down from 11.88% in the previous quarter[16] Dividends and Stock Performance - The company declared a quarterly dividend of $0.25 per common share, payable on May 22, 2024[1] - The closing stock price as of March 31, 2024, was $17.83, down from $21.20 at the end of the previous quarter[16] - The annualized dividend yield increased to 5.61% from 4.72% in the previous quarter, reflecting a more attractive return for shareholders[16]

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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Securities registered pursuant to Section 12(b) of the Act: Commission file number: 0-49677 WEST BANCORPORATION, INC. (Exact name of regis ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q4 2023 Earnings Conference Call January 25, 2024 3:00 PM ET Company Participants Jane Funk - EVP, Treasurer & CFO David Nelson - CEO Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Bradley Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Good afternoon, and welcome to West Bancorporation Inc.'s Fourth Quarter 2023 Earnings Call. Please note that this call is being recorded. All participants are n ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q3 2023 Earnings Conference Call October 26, 2023 3:00 PM ET Company Participants David Nelson - Chief Executive Officer Jane Funk - Executive VP, Treasurer and CFO Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Brad Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Hello. My name is Chris and I'll be your conference operator today. At this time, I'd like to welcome everyone to the West Bancorpora ...