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West Bancorporation Announces Board Change and Financial Results
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West Bancorporation Announces Board Change and Financial Results

Story Highlights
  • Philip Jason Worth will not seek re-election to West Bancorporation’s Board in 2025.
  • West Bancorporation reported stable 2024 net income and declared a dividend amid core deposit growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

An update from West Bancorporation ( (WTBA) ) is now available.

On January 21, 2025, Philip Jason Worth announced that he will not stand for re-election to West Bancorporation’s Board of Directors at the April 2025 annual meeting, ending his tenure that began in 2013. In addition, the company reported its financial results for 2024, indicating net income of $24.1 million, unchanged from 2023, with a notable increase in the fourth quarter net income to $7.1 million. The company saw growth in core deposits and improvements in net interest income, despite a challenging year, and declared a quarterly dividend of $0.25 per share.

More about West Bancorporation

West Bancorporation, Inc., headquartered in West Des Moines, IA, operates in the banking industry as the parent company of West Bank. The company focuses on providing retail and commercial banking services, with a market emphasis on core deposit growth and credit risk management.

YTD Price Performance: 0.09%

Average Trading Volume: 28,665

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $360.2M

For a thorough assessment of WTBA stock, go to TipRanks’ Stock Analysis page.

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