secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001166928-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/0001166928-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692824000002/wtba-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001166928-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer