West Bancorporation Reports 34.8% Net Income Growth to $10.6M, Declares $0.25 Dividend
West Bancorporation reported first quarter net income of $10.6 million ($0.61 per diluted share), up 34.8% year-over-year and up from $7.4 million in the prior quarter. The board declared a $0.25 per share quarterly dividend payable May 20 to shareholders of record May 6.
1. First Quarter 2026 Financial Results
West Bancorporation delivered net income of $10.6 million ($0.61 per diluted share) in the first quarter of 2026, a 34.8% increase from $7.8 million in Q1 2025 and up from $7.4 million in Q4 2025. Net interest margin expanded to 2.59%, compared with 2.47% in Q4 2025 and 2.28% in Q1 2025, driving net interest income of $24.4 million.
2. Dividend Declaration
The board declared a regular quarterly dividend of $0.25 per common share, payable on May 20, 2026, to shareholders of record as of May 6, 2026, marking the seventh consecutive quarter of consistent dividend payments.
3. Balance Sheet and Credit Quality
Loans decreased by $10.1 million (0.3%) quarter-over-quarter due to payoffs from refinancings and asset sales, while deposits fell $133.5 million (3.8%), including a $38.1 million drop in brokered deposits. Credit quality remained pristine with no nonaccrual loans and watch list balances down to $41.3 million from $52.2 million.