secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001166928-23-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692823000118/0001166928-23-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692823000118/wtba-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001166928-23-000118

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