WEST BANCORPORATION INC — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
West Bancorporation reported Q3 2026 net income of $11.6 million ($0.67 diluted EPS) vs. $9.3 million ($0.55 EPS) in Q3 2025—a 24.8% increase. Nine-month 2026 net income reached $33.3 million ($1.93 EPS) vs. $25.1 million ($1.48 EPS) in 9M 2025, up 32.5%. Net interest margin expanded to 2.77% from 2.36% YoY. Board declared regular quarterly dividend of $0.26/share (payable Nov. 25, 2026). Total assets $3.9B; loans $3.0B; deposits $3.3B. Zero nonaccrual loans; ACL ratio 1.02%; efficiency ratio 47.81%. Return on average equity 16.41%; return on average assets 1.16%.
Why this rating
Strong earnings growth (32.5% YoY, 25% Q3) and margin expansion (41 bps YoY) are substantive. At $317M market cap, 9M profit of $33.3M (~10.5% of market value annualized) is material but typical for bank earnings cycles. Zero credit losses and no NPAs indicate solid underwriting. Modest dividend increase signals confidence but is routine. Not transformational relative to peer performance or company size.
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