---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-24-000002"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:43:53.945185+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001166928-24-000002
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/0001166928-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/wtba-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-24-000002
- JSON: https://secwatch.observer/filing/0001166928-24-000002.json
- Plain text: https://secwatch.observer/filing/0001166928-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: today reported 2023 net income of $24.1 million, or $1.44 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/0001166928-24-000002-index.htm
- Earnings Releases
  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
  source text: Net income for the fourth quarter 2023 was $4.5 million, or $0.27 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/0001166928-24-000002-index.htm

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