---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-23-000072"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:19:13.476141+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# West Bancorp Q1 net income $7.8M ($0.47 EPS), down from $13.2M year ago; dividend steady

## Summary
- Net income $7.8M ($0.47 diluted EPS) vs $8.9M ($0.53) in Q4 2022 and $13.2M ($0.78) in Q1 2022.
- Net interest margin fell to 2.23% from 2.49% Q4 and 2.85% year ago; cost of funds increased rapidly.
- Deposits declined $82M in Q1; brokered deposits decreased $38.5M to $234.2M; borrowings rose sharply.
- Credit quality remains strong: no loans >30 days past due for seventh consecutive quarter; nonaccrual loans only $316K.
- Regular quarterly dividend of $0.25 per share declared, payable May 24, 2023; unchanged from prior.

## SEC filing metadata
- accession: 0001166928-23-000072
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000072/0001166928-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000072/wtba-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-23-000072
- JSON: https://secwatch.observer/filing/0001166928-23-000072.json
- Plain text: https://secwatch.observer/filing/0001166928-23-000072.txt

## Key facts
- Earnings Releases
  WEST BANCORPORATION INC reported first quarter 2023 results: net income $7.8 million, EPS $0.47 per diluted common share.
  - Period: first quarter 2023
  - Net income: $7.8 million
  - EPS: $0.47 per diluted common share
  - Result: reported results
  source text: first quarter 2023 net income of $7.8 million, or $0.47 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000072/0001166928-23-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.