---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-24-000051"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:33:45.142414+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# West Bancorp Q1 net income $5.8M ($0.35 EPS) down 26% YoY; net interest margin 1.88% vs 2.23%

## Summary
- Net income $5.8M ($0.35 diluted EPS) vs Q4 $4.5M ($0.27) and Q1 2023 $7.8M ($0.47).
- Net interest margin (tax-equivalent) 1.88%, down from 2.23% a year ago on cost of funds pressure.
- Deposits rose $91.3M, but brokered deposits increased $91M; excluding brokered, core deposits up only $0.3M.
- No credit loss expense in Q1; allowance for credit losses 0.95% of loans; nonaccrual loans $289K.
- Quarterly dividend $0.25 per share declared, payable May 22, 2024 to holders of record May 8, 2024.

## SEC filing metadata
- accession: 0001166928-24-000051
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000051/0001166928-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000051/wtba-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-24-000051
- JSON: https://secwatch.observer/filing/0001166928-24-000051.json
- Plain text: https://secwatch.observer/filing/0001166928-24-000051.txt

## Key facts
- Earnings Releases
  WEST BANCORPORATION INC reported first quarter 2024 results: net income $5.8 million, EPS $0.35 per diluted common share.
  - Period: first quarter 2024
  - Net income: $5.8 million
  - EPS: $0.35 per diluted common share
  - Result: reported results
  source text: West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported first quarter 2024 net income of $5.8 million, or $0.35 per diluted common share, compared to fourth quarter 2023 net income of $4.5 million, or $0.27 per diluted common share, and first quarter 2023 net income of $7.8 million, or $0.47 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692824000051/0001166928-24-000051-index.htm

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