West Bancorporation Reports Q3 2026 Net Income of $11.6 Million and Declares Quarterly Dividend

West Bancorporation, Inc. (Nasdaq: WTBA) reported third quarter 2026 net income of $11.6 million, or $0.67 per diluted common share, according to an 8-K filing released on October 29, 2026. This figure represents an increase of $0.5 million, or 5.01 percent, compared to the second quarter of 2026, and an increase of $2.3 million, or 24.8 percent, compared to the third quarter of 2025.

The company’s Board of Directors declared a regular quarterly dividend of $0.26 per common share. The dividend is payable on November 25, 2026, to stockholders of record on November 11, 2026.

Key financial metrics for the third quarter of 2026 included a return on average equity of 16.41 percent and an annualized return on average assets of 1.16 percent. The company reported a net interest margin of 2.77 percent on a fully tax-equivalent basis and an efficiency ratio of 47.81 percent. The tangible common equity ratio remained stable at 6.98 percent as of September 30, 2026.

Regarding asset quality, West Bancorporation reported no loans on nonaccrual status at September 30, 2026. The allowance for credit losses to total loans stood at 1.02 percent. Substandard loans decreased to $13.8 million, while watch list loans decreased to $6.7 million. The company noted that the decreases in substandard and watch list loans were primarily due to principal payments.

Loan balances increased by $45.1 million, or 1.5 percent, as of September 30, 2026, compared to June 30, 2026. However, compared to September 30, 2025, loan balances were down slightly by $13.7 million, or 0.5 percent. This change was driven by decreases in construction, land and land development loans ($159.0 million) and commercial loans ($52.9 million), offset by an increase in commercial real estate loans ($156.3 million).

Deposits, excluding brokered deposits, decreased by $65.8 million, or 2.0 percent, in the third quarter of 2026. Brokered deposits were reduced by $8.5 million. As of September 30, 2026, estimated uninsured deposits accounted for approximately 28.5 percent of total deposits.