West Bancorp Q4 net income $7.1M ($0.42 EPS); declares $0.25 dividend; director not seeking re-election

WEST BANCORPORATION INC

2024-FY EPS reported $1.42

Q4 net income $7.1M ($0.42 EPS) vs Q3 $6.0M and Q4 '23 $4.5M; FY net income $24.1M ($1.42) flat YoY.
Net interest margin (FTE) improved to 1.98% from 1.91% (Q3) and 1.87% (Q4 '23); efficiency ratio 60.79%.
Deposits +$79M in Q4; brokered deposits down $159.5M; borrowed funds decreased to $392.6M.
Sold $11.8M securities for net loss $1.2M; recognized $1.8M energy tax credit.
Director Philip J. Worth not standing for re-election at April 24, 2025 annual meeting; no disagreement.

item 2.02 item 5.02 item 7.01 item 9.01

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Departed

Philip Jason Worth

Director

WTBA · WEST BANCORPORATION INC

Effective: 2025-04-24
Filed: January 23, 2025, 6:59 PM ET

On January 21, 2025, Philip Jason Worth informed West Bancorporation, Inc. (the Company) that he will not stand for re-election to the Company's Board of Directors (the Board) at the Company's 2025 annual meeting of shareholders, scheduled to be held on April 24, 2025.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Philip Jason Worth departed as Director at WEST BANCORPORATION INC.

Action: not stand for re-election
Role: Director

Exact text from the filing

On January 21, 2025, Philip Jason Worth informed West Bancorporation, Inc. (the Company) that he will not stand for re-election to the Company's Board of Directors (the Board) at the Company's 2025 annual meeting of shareholders, scheduled to be held on April 24, 2025.

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WEST BANCORPORATION INC filing history →

Source: SEC EDGAR

accession 0001166928-25-000002

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