secwatch.observer — SEC 8-K summary
======================================

Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001166928-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692822000012/0001166928-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692822000012/wtba-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001166928-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer