West Bancorporation posts record 2021 net income of $49.6M; raises quarterly dividend to $0.25

WEST BANCORPORATION INC

2021-FY EPS reported $2.95

FY2021 net income $49.6M ($2.95 diluted EPS) vs $32.7M ($1.98) in FY2020, a 52% increase.
Q4 2021 net income $11.9M ($0.71 diluted EPS) vs $8.6M ($0.52) in Q4 2020.
Quarterly dividend raised to $0.25/share from $0.24, payable Feb 23 to holders of record Feb 9.
Negative provision for loan losses of $1,500 in 2021 vs $12,000 provision in 2020 due to improved outlook.
Total assets grew to $3.5B at Dec 31, 2021 from $3.2B a year earlier; loan growth of 16% ex-PPP.

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