West Bancorp Q4 net income falls 49% YoY to $4.5M ($0.27); NIM drops to 1.87%

WEST BANCORPORATION INC

2023-FY EPS reported $1.44

FY2023 net income $24.1M ($1.44 diluted EPS) vs $46.4M ($2.76) in FY2022.
Q4 2023 net interest margin (FTE) 1.87% vs 1.91% Q3 2023 and 2.49% Q4 2022.
Credit quality remains strong: no loans >30 days past due; one classified loan $296k.
Board declares $0.25 quarterly dividend, payable Feb 21 to holders of record Feb 7.
Loans grew 6.7% YoY; deposits up $93.4M; efficiency ratio worsened to 64.66% from 50.42%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEST BANCORPORATION INC reported the year ended December 31, 2023 results: net income $24.1 million, EPS $1.44 per diluted common share.

Period: the year ended December 31, 2023
Net income: $24.1 million
EPS: $1.44 per diluted common share
Result: reported results

Exact text from the filing

today reported 2023 net income of $24.1 million, or $1.44 per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEST BANCORPORATION INC reported the fourth quarter 2023 results: net income $4.5 million, EPS $0.27 per diluted common share.

Period: the fourth quarter 2023
Net income: $4.5 million
EPS: $0.27 per diluted common share
Result: reported results

Exact text from the filing

Net income for the fourth quarter 2023 was $4.5 million, or $0.27 per diluted common share

View on SEC.gov

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WEST BANCORPORATION INC filing history →

Source: SEC EDGAR

accession 0001166928-24-000002

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