West Bancorp Q2 net income record $13.2M ($0.79 EPS); dividend raised to $0.24

WEST BANCORPORATION INC

2021-Q2 EPS reported $1.49

Net income $13.2M, $0.79 diluted EPS vs. $8.0M, $0.48 YoY; six-month net $25.0M, $1.49 EPS.
Board declared $0.24 quarterly dividend, payable Aug 25 to holders of record Aug 11.
Negative $2.0M provision for loan losses vs. $3.0M provision a year ago; credit quality improving.
Loan growth (ex-PPP) of 6.0% in H1 2021; 12.6% YoY.
CFO Doug Gulling to retire Dec 31, 2021; will join board as director Jan 1, 2022.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Douglas R. Gulling

Executive Vice President, Treasurer and Chief Financial Officer

WTBA · WEST BANCORPORATION INC

Effective: 2021-12-31
Filed: July 29, 2021, 7:59 PM ET

Mr. Gulling will be retiring as Executive Vice President, Treasurer and Chief Financial Officer of the Company, effective as of December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas R. Gulling departed as Executive Vice President, Treasurer and Chief Financial Officer at WEST BANCORPORATION INC.

Action: retiring
Role: Executive Vice President, Treasurer and Chief Financial Officer

Exact text from the filing

Mr. Gulling will be retiring as Executive Vice President, Treasurer and Chief Financial Officer of the Company, effective as of December 31, 2021.

View on SEC.gov

WEST BANCORPORATION INC filing history →

Source: SEC EDGAR

accession 0001166928-21-000089

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