---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-25-000002"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T13:21:35.362718+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001166928-25-000002
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000002/0001166928-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000002/wtba-20250123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-25-000002
- JSON: https://secwatch.observer/filing/0001166928-25-000002.json
- Plain text: https://secwatch.observer/filing/0001166928-25-000002.txt

## Key facts
- Executive change
  Philip Jason Worth departed as Director at WEST BANCORPORATION INC.
  - Action: not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692825000002/0001166928-25-000002-index.htm

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