West Bancorp Q3 net income $6.0M ($0.35 EPS); dividend $0.25 declared

WEST BANCORPORATION INC

2024-Q3 EPS reported $1.00

Diluted EPS $0.35 vs $0.31 in Q2 2024; net interest margin improved to 1.91% from 1.86%.
Loans grew $22.4M (3.0% annualized); deposits up $97.6M including $55.6M brokered.
Nonperforming assets remained negligible at 0.01%; allowance for credit losses 0.97% of loans.
Efficiency ratio improved to 63.28% from 67.14% in Q2 2024.
Dividend $0.25 per share payable Nov 20, record Nov 6.

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