---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-23-000118"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:01:01.013596+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# West Bancorporation Q3 net income $5.9M ($0.35/diluted), down 49% YoY

## Summary
- Net income $5.9M, EPS $0.35, vs $11.6M ($0.69) in Q3 2022; dividend $0.25/share payable Nov 22.
- Net interest margin (FTE) fell to 1.91% from 2.02% QoQ and 2.78% YoY; net interest income $16.6M.
- Loans grew $42.7M (6.1% annualized) in Q3; deposits declined $80.8M (-2.8%).
- Credit quality strong: no loans past due >30 days, one nonaccrual loan $303K; ACL 0.99% of loans.
- Efficiency ratio improved to 60.83% from 62.83% QoQ; tangible common equity ratio 5.51%.

## SEC filing metadata
- accession: 0001166928-23-000118
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2023-10-26T23:59:59+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/1166928/000116692823000118/0001166928-23-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000118/wtba-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-23-000118
- JSON: https://secwatch.observer/filing/0001166928-23-000118.json
- Plain text: https://secwatch.observer/filing/0001166928-23-000118.txt

## Key facts
- Earnings Releases
  WEST BANCORPORATION INC reported third quarter 2023 results: net income $5.9 million, EPS $0.35 per diluted common share.
  - Period: third quarter 2023
  - Net income: $5.9 million
  - EPS: $0.35 per diluted common share
  - Result: reported results
  source text: today reported third quarter 2023 net income of $5.9 million, or $0.35 per diluted common share, compared to second quarter 2023 net income of $5.9 million, or $0.35 per diluted common share, and third quarter 2022 net income of $11.6 million, or $0.69 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000118/0001166928-23-000118-index.htm

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