secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001166928-22-000093
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692822000093/0001166928-22-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692822000093/wtba-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001166928-22-000093

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