West Bancorporation, Inc. operates as the financial holding company for West Bank that provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. Further, the company provides internet and mobile banking services; treasury management services comprising cash management, client-generated automated clearing house transaction, remote deposit, and fraud protection services; and merchant credit card processing services and corporate credit cards. It has seven offices in the Des Moines area; one office in Coralville and Iowa; and one office each in Rochester, Owatonna, Mankato, and St. Cloud, Minnesota. West Bancorporation, Inc. was founded in 1893 and is headquartered in West Des Moines, Iowa.
West Bancorporation, Inc. Announces Second Quarter 2026 Financial Results and Declares Increased Quarterly Dividend
West Bancorporation reported Q2 2026 net income of $11.1 million, or $0.64 per share, representing a 39% increase from the prior year, driven by a 42-basis point expansion in net interest margin to 2.69%.
The Board of Directors declared a record quarterly dividend of $0.26 per share, an increase of $0.01, citing strong capital levels and an improved efficiency ratio of 48.78%.
Credit quality remained pristine with no nonaccrual loans for the eighth consecutive quarter, although management noted the emergence of $14.4 million in substandard loans related to two commercial borrowers.