WTBA
West Bancorporation, Inc.23.96
+0.20+0.84%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A flags loan payoffs, M&A pipeline
Q&A unpacked Q4 loan declines from $50 million-plus medical office and multifamily payoffs, but highlighted replacement with higher-rate loans and a promising Minnesota pipeline fueled by Bremer and Aleris M&A. Nearly $400 million in fixed-rate loans reprices in 2026, delivering 1.5-2% yield pickup from low 4s. Deposit gains face public funds outflows, tempering growth outlook. Securities repositioning stays on watch, no firm plans. Margin sits at 2.5% early-year, with expansion potential. Payoffs stung, pipeline beckons. Management's tone stays upbeat; investors will track loan momentum.
Key Stats
Market Cap
405.90MP/E (TTM)
12.61Basic EPS (TTM)
1.90Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
West Bancorporation grew total assets 3.2% to $4.1B in FY2025 ended December 31, 2025, with deposits up 3.3% to $3.5B while loans held steady at $3.0B. Net income jumped 35% to $32.6M ($1.92 diluted EPS), fueled by net interest income soaring 24.7% to $89M as deposit costs fell 55bps amid Fed rate cuts, though Q4 securities sales booked $4M losses to boost liquidity. NIM expanded 44bps to 2.35%; efficiency ratio improved to 54.1%. Steady $1.00/share dividend paid. CRE concentrations persist at 398% of risk-based capital. Commercial real estate values could swing with economic shifts.
8-K
Q4 earnings, dividend declared
West Bancorporation reported Q4 2025 net income of $7.4 million, or $0.43 per diluted share, down from $9.3 million prior quarter yet up from $7.1 million a year ago; full-year net income hit $32.6 million, or $1.92 per share, versus $24.1 million in 2024. Deposits surged $162 million while loans dipped slightly; net interest margin expanded to 2.47%, NIM climbed steadily. Credit spotless—no nonaccruals. Board declared $0.25 quarterly dividend.
10-Q
Q3 FY2025 results
West Bancorporation posted Q3 net income of $9.3M, up 56% y/y, with diluted EPS steady at $0.55 despite minor anti-dilution from 74K restricted units. Net interest income jumped 25% y/y to $22.5M on lower deposit costs (down 14% y/y) and borrowed funds expense (down 16% y/y), while expense growth slowed to 5%. Loans ticked up 0.1% q/q to $3.0B; credit pristine with zero nonperformers and stable 1.01% ACL. Cash equivalents held $233M, backed by $545M FHLB capacity. Deposits dipped 1.5% q/q yet core grew 0.3% ex-brokered. Equity climbed to 6.4% of assets. Pristine credit quality endures.
8-K
Q3 net income jumps to $9.3M
West Bancorporation posted Q3 net income of $9.3 million, up from $8.0 million last quarter and $6.0 million a year ago, fueled by net interest income rising to $22.5 million with NIM expanding to 2.36%. Loans grew $42.5 million on commercial real estate gains, yet deposits dipped $85.5 million from public fund flows. Credit spotless: zero nonaccruals. Board declared $0.25 quarterly dividend.
8-K
Director Noyce to retire
West Bancorporation director James W. Noyce, 70, won't seek re-election at the April 2026 annual meeting, ending his 17-year tenure. He chairs the audit committee and sits on nominating and governance, with past service as company chair for six years. No disagreements with operations. Smooth board transition ahead.
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