West Bancorporation, Inc. (WTBA) SEC Filings & Earnings Calls
EquiReason read 7 West Bancorporation, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-07-23 — West Bancorporation reported Q2 2026 net income of $11.1M ($0.64/diluted share) vs $8.0M ($0.47) in Q2 2025. Net interest margin expanded to 2.69% from 2.27% YoY. Efficiency ratio .
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 518.8M
- P/E TTM
- 13.6
- Dividend yield
- 3.3%
- 52-week
- —
- Next earnings
- 29 Oct, in 5 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
23 Jul 20268-K · 2.02, 7.01West Bancorporation reported Q2 2026 net income of $11.1M ($0.64/diluted share) vs $8.0M ($0.47) in Q2 2025. Net interest margin expanded to 2.69% from 2.27% YoY. Efficiency ratio improved to 48.78%. Dividend increased to $0.26/share. No noearningsopen
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $11M | +39% y/y |
| Earnings per diluted share · Q2-2026 | $0.64 | +36% y/y |
| Net interest margin (fully tax-equivalent) · Q2-2026 | 2.7% | |
| Net interest income · Q2-2026 | $26M | +19% y/y |
| Return on average equity (annualized) · Q2-2026 | 16.2% | |
| Return on average assets (annualized) · Q2-2026 | 1.1% | |
| Efficiency ratio (non-GAAP) · Q2-2026 | 48.8% | |
| Allowance for credit losses to total loans · Q2-2026 | 1.0% | |
| Tangible common equity ratio · Q2-2026 | 7.0% | |
| Dividend per common share · Q2-2026 | $0.26 |
Risks flagged
Loan balances declined slightly due to payoffs from secondary market refinancings and asset/business sales
“Loan balances were down slightly by $41.5 million, or 1.4 percent, at June 30, 2026 compared to March 31, 2026. We continue to experience notable loan payoffs as a result of secondary market refinancings and asset and business sales.”
Substandard loans increased to $14.4 million from $0 in prior quarter, though management believes they are sufficiently collateralized
“Substandard loans increased to $14.4 million as of June 30, 2026, from $0 as of March 31, 2026. The substandard loans balance consisted of loans to two borrowers, which have loans in the commercial and commercial real estate segments. In both instances, the Company believes the loans within the relationship are sufficiently collateralized.” · word for word
23 Jul 202610-QWest Bancorporation reported strong Q2 2026 earnings with net income up 38.78% YoY, driven by net interest margin expansion and lower deposit costs.earningsopen
Figures in the filing · each found in the filing text
| Net interest margin (FTE) · Q2-2026 | 2.7% | |
| Efficiency ratio (adjusted, FTE) · Q2-2026 | 48.8% | |
| Return on average assets (annualized) · Q2-2026 | 1.1% | |
| Return on average equity (annualized) · Q2-2026 | 16.2% | |
| Net income · Q2-2026 | $11073.00 | +39% y/y |
| Total loans · Q2-2026 | $3M | |
| Nonperforming assets to total assets · Q2-2026 | 0.0% | |
| Tangible common equity ratio · Q2-2026 | 7.0% | |
| Dividend payout ratio · Q2-2026 | 38.4% | |
| Allowance for credit losses to total loans · Q2-2026 | 1.0% |
Risks flagged
Loan portfolio contraction
“The average balance of loans for the three and six months ended June 30, 2026 decreased $5,111 and $24,756, respectively, compared to the three and six months ended June 30, 2025.” · word for word
Deposit outflow
“Deposits decreased $123,570, or 3.6 percent, during the first six months of 2026.” · word for word
Commercial real estate concentration
“Although the commercial real estate portfolio exceeded these regulatory guidelines as of June 30, 2026, they were within the Company's established policy limits and management believes that the Company has appropriate risk management policies and procedures to regularly monitor the commercial real estate portfolio.” · word for word
23 Apr 202610-QNet income $11M (+35% y/y); Total loans $2.99B; Net interest margin (FTE) 2.59open
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $11M | +35% y/y |
| Total loans · 2026-03-31 | $2.99B | |
| Net interest margin (FTE) · Q1-2026 | 2.6% | |
| Efficiency ratio (adjusted, FTE) · Q1-2026 | 49.9% | |
| Return on average assets (annualized) · Q1-2026 | 1.1% | |
| Return on average equity (annualized) · Q1-2026 | 15.9% | |
| Allowance for credit losses to total loans · 2026-03-31 | 1.0% | |
| Nonperforming assets to total assets · 2026-03-31 | 0.0% | |
| Tangible common equity ratio · 2026-03-31 | 6.8% |
Risks flagged
Geographic concentration in Iowa and Minnesota
“Substantially all of the Company's loans, commitments to extend credit and standby letters of credit have been granted to customers in the Company's market areas.” · word for word
Commercial real estate concentration above regulatory guidelines
“the commercial real estate portfolio exceeded these regulatory guidelines as of March 31, 2026” · word for word
Deposit outflow risk
“Deposits decreased $133,498, or 3.8 percent, during the first three months of 2026.” · word for word
23 Apr 20268-K · 2.02, 7.01Net income $11M (+36% y/y); Diluted EPS $0.61 (+33% y/y); Net interest margin (FTE) 2.59earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $11M | +36% y/y |
| Diluted EPS · Q1-2026 | $0.61 | +33% y/y |
| Net interest margin (FTE) · Q1-2026 | 2.6% | |
| Net interest income · Q1-2026 | $24M | +17% y/y |
| Efficiency ratio · Q1-2026 | 49.9% | |
| Allowance for credit losses to total loans · Q1-2026 | 1.0% | |
| Tangible common equity ratio · Q1-2026 | 6.8% |
Risks flagged
Loan payoffs due to secondary market refinancings and asset sales indicate potential loan book shrinkage.
“Loans decreased $10.1M (-0.3%) QoQ due to payoffs”
Deposit decline of $133.5M (-3.8%) QoQ, though partly due to brokered deposit reduction.
“Deposits decreased $133.5M (-3.8%) in Q1 2026”
3 Mar 2026DEF 14AProxy statement discloses strong 2025 financial performance and a well-aligned executive compensation program with above-target payouts.open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $33M | +35% y/y |
| Diluted earnings per share · FY2025 | $1.92 | +35% y/y |
| Return on average equity · FY2025 | 13.5% | |
| Efficiency ratio · FY2025 | 54.1% |
Risks flagged
Concentration in commercial real estate lending
“West Bank has a significant portion of its loan portfolio in commercial real estate loans, commercial lines of credit, commercial term loans, and construction and land development loans.”
Geographic concentration in Iowa and Minnesota
“The Company's concentration risks include geographic concentrations in central and eastern Iowa and southern Minnesota.”
26 Feb 202610-KAllowance for credit losses $31M (+0% y/y); Total loans $3.00B (-0% y/y)open
Figures in the filing · each found in the filing text
| Allowance for credit losses · 2025-12-31 | $31M | +0% y/y |
| Total loans · 2025-12-31 | $3.00B | -0% y/y |
Risks flagged
Commercial real estate concentration risk
“West Bank historically has exceeded, and continues to exceed, the 300 percent guideline for CRE loans. Additional monitoring processes have been implemented to manage this increased risk.” · word for word
Regulatory burden and compliance costs
“The effect of these statutes, regulations, regulatory policies and accounting rules are significant to our operations and results.” · word for word
29 Jan 20268-K · 2.02, 7.01Net income $33M (+35% y/y); Diluted earnings per share $1.92 (+35% y/y); Net interest margin (FTE) 2.47earningsopen
Figures in the filing · each found in the filing text
| Net income · FY2025 | $33M | +35% y/y |
| Diluted earnings per share · FY2025 | $1.92 | +35% y/y |
| Net interest margin (FTE) · Q4-2025 | 2.5% | |
| Net interest income · Q4-2025 | $24M | +25% y/y |
| Efficiency ratio · Q4-2025 | 50.2% | |
| Return on average equity · Q4-2025 | 15.3% | |
| Total loans · Q4-2025 | $3.20B | -0% y/y |
| Allowance for credit losses to total loans · Q4-2025 | 1.0% | |
| Tangible common equity ratio · Q4-2025 | 6.4% | |
| Dividend per share · Q4-2025 | $0.25 |
Risks flagged
Watch list loans increased to $52.2M from $38.7M due to one commercial real estate loan, though believed adequately collateralized.
“Watch list loans increased from $38.7 million as of September 30, 2025 to $52.2 million as of December 31, 2025.” · word for word
Securities sale realized a $4.0M pre-tax loss, indicating balance sheet repositioning costs.
“Sold $63.7 million of securities available for sale and realized a pre-tax net loss of $4.0 million.” · word for word
West Bancorporation, Inc. — questions
- What did West Bancorporation, Inc. file recently?
- 7 SEC filings in the last 12 months. Latest: 8-K on 2026-07-23 — West Bancorporation reported Q2 2026 net income of $11.1M ($0.64/diluted share) vs $8.0M ($0.47) in Q2 2025. Net interest margin expanded to 2.69% from 2.27% YoY. Efficiency ratio improved to 48.78%. Dividend increased to $0.26/share. No no
Every figure on this page comes from West Bancorporation, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.