West Bancorporation, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 07:02 am EDT
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West Bancorporation, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 16.63 million compared to USD 23 million a year ago. Net income was USD 5.91 million compared to USD 11.6 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.69 a year ago.
For the nine months, net interest income was USD 52.67 million compared to USD 71.07 million a year ago. Net income was USD 19.61 million compared to USD 37.45 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 2.25 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 2.23 a year ago.
West Bancorporation, Inc., is a financial holding company. The Company owns West Bank (the Bank), which is a business-focused community bank. The Bank provides full-service community banking and trust services to customers. The Bank offers range of credit to its customers, including commercial, real estate, and consumer loans. It also offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. The Company operates in the markets, including central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St. Cloud. The Bank offers a full range of deposit services, including checking, savings and money market accounts and time certificates of deposit. It also offers online banking, mobile banking, and treasury management services.
WEST BANCORPORATION, INC. 
