West Bancorporation Q3 net income $12.7M ($0.76 EPS) vs $8.1M a year ago; dividend $0.24

WEST BANCORPORATION INC

2021-Q3 EPS reported $2.25

Diluted EPS $0.76 for Q3 2021 compared to $0.49 in Q3 2020; 9-month EPS $2.25 vs $1.46.
No provision for loan losses in Q3; negative $1.5K provision for 9 months from reserve release.
Loan growth 10.1% YTD (ex-PPP) and 14.3% YoY; Texas ratio improved to 3.24% with no loans past due 30+ days.
Quarterly dividend of $0.24 per share declared, payable Nov 24, 2021 to holders of record Nov 10.
Permanent branches in Sartell, MN (completing Jan 2022) and Mankato, MN (planning stage).

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