Quarterly ResultApr 23, 2026, 08:33 AM
West Bancorporation Q1 Net Income Jumps 34.8% to $10.6M
AI Summary
West Bancorporation reported a strong first quarter 2026, with net income rising to $10.6 million, or $0.61 per diluted share. This represents a 34.8% increase compared to the first quarter of 2025. The company's net interest margin expanded to 2.59%, driven by a decrease in the cost of deposits. Management highlighted a strong balance sheet, pristine credit quality with no nonaccrual loans, and an improved efficiency ratio. The Board also declared a regular quarterly dividend of $0.25 per common share.
Key Highlights
- Q1 2026 net income was $10.6 million, up 34.8% from Q1 2025.
- Diluted EPS for Q1 2026 was $0.61, compared to $0.46 in Q1 2025.
- Net interest margin expanded to 2.59% in Q1 2026 from 2.47% in Q4 2025.
- Quarterly dividend of $0.25 per common share declared.
- No nonaccrual loans and watch list loans decreased to $41.3 million.