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West Bancorporation (WTBA)
NASDAQ:WTBA
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.35Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: 7.46%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record net income growth, significant deposit growth, and pristine credit quality. However, there were some challenges, such as a loss in investment securities and slowed credit opportunities in Minnesota. Overall, the positives significantly outweigh the negatives, indicating a robust performance outlook.Company Guidance
During the fourth quarter of 2024, West Bancorporation, Inc. experienced a strong financial performance, with net income rising to $7.1 million compared to $6 million in the third quarter and $4.5 million in the same quarter of 2023. The company's core deposit balances increased by 15.8% over the year, contributing to a 200 million dollar reduction in expensive wholesale funding. The net interest margin improved by 7 basis points, aided by a 100 basis point drop in the Fed rate, which helped reduce deposit rates in high-cost sectors. West Bancorporation's credit quality remained robust, with no past dues over 30 days and a watch list representing only 0.26% of total loans. The commercial real estate portfolio, valued at $2.4 billion, performed well, and the $500 million commercial and industrial (C&I) portfolio showed no significant deterioration. The company declared a $0.25 dividend to common shareholders, reflecting confidence in ongoing financial strength and stability.Record Net Income Growth
Net income was $7.1 million in Q4 compared to $6 million in Q3 2024 and $4.5 million in Q4 2023.
Strong Deposit Growth
Core deposit balances increased 15.8% in 2024 with an 8.3% increase in Q4, facilitating a reduction in expensive wholesale funding by over $200 million.
Pristine Credit Quality
Credit quality remains strong with 0 past dues over 30 days and the watch list representing only 0.26% of total loans.
Positive Loan Portfolio Performance
The $2.4 billion commercial real estate portfolio and $500 million C&I portfolio are performing well, with no significant deterioration in financial strength.
Successful Cost Management
Net interest income increased for four consecutive quarters, with a net interest margin increase of 7 basis points in Q4.
Strategic Facility Expansion
The new facility in Owatonna was completed, designed to host client and prospect events, aligning with the strategy of building business based on strong relationships.
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WTBA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WTBA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $21.04 | $20.99 | -0.24% |
| Oct 24, 2024 | $20.12 | $20.21 | +0.45% |
| Jul 25, 2024 | $20.47 | $20.14 | -1.61% |
| Apr 25, 2024 | $16.01 | $15.79 | -1.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does West Bancorporation (WTBA) report earnings?
West Bancorporation (WTBA) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is West Bancorporation (WTBA) earnings time?
West Bancorporation (WTBA) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTBA EPS forecast?
WTBA EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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