West Bancorp Q2 net income $12.7M ($0.75 diluted EPS) vs $13.2M ($0.79) YoY; dividend $0.25

WEST BANCORPORATION INC

2022-Q2 EPS reported $1.54

Q2 2022 net income of $12.7M ($0.75 diluted EPS) compared to $13.2M ($0.79) in Q2 2021.
Six-month 2022 net income $25.9M ($1.54 diluted EPS) vs $25.0M ($1.49) in prior year.
Board declared $0.25 per share quarterly dividend, payable Aug 24, 2022 to holders of record Aug 10.
Negative provision for loan losses of $1.75M in Q2, mainly from reversal of specific reserve on settled impaired loan.
One-time $671k increase in state income tax expense due to Iowa bank franchise tax rate change enacted June 2022.

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