West Bancorporation ( (WTBA) ) has released its Q2 earnings. Here is a breakdown of the information West Bancorporation presented to its investors.
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West Bancorporation, Inc., headquartered in West Des Moines, Iowa, operates as a community bank through its subsidiary West Bank, providing lending, deposit, and trust services primarily to small- and medium-sized businesses and consumers across Iowa and Minnesota.
In its second quarter 2025 earnings report, West Bancorporation announced a net income of $8.0 million, or $0.47 per diluted share, marking an improvement from both the previous quarter and the same period last year. The company also declared a quarterly dividend of $0.25 per share, reflecting its stable financial performance.
Key financial highlights from the quarter include a slight increase in net interest income to $21.4 million, driven by higher interest income on deposits with banks. The company maintained its strong credit quality with no loans on nonaccrual status and no loans past due over 90 days. While loan balances saw a decrease, deposits increased significantly, bolstered by a substantial deposit from a municipal customer.
Compared to the previous year, West Bancorporation’s net interest margin improved to 2.27%, and its efficiency ratio showed a marked improvement, indicating better operational efficiency. The tangible common equity ratio also saw an increase, reflecting a stronger capital position.
Looking ahead, West Bancorporation’s management remains optimistic about continued earnings improvement through strategic asset repricing and cost control measures, while maintaining its high credit quality standards.