West Bancorporation, Inc. has reported robust financial results for the third quarter of 2026, showcasing a net income of $11.6 million. This marks a 24.8% increase compared to the same period last year and a 5.01% increase from the previous quarter. The company also declared a quarterly dividend of $0.26 per common share, payable on November 25, 2026.

David Nelson, President and CEO of West Bancorporation, highlighted the bank's strong performance, stating, "Our net income for the first nine months of 2026 has increased 32 percent compared to the first nine months of 2025. Our annualized return on average equity has improved to 16.18 percent for the first nine months of 2026, compared to 14.27 percent for the same period last year."

West Bancorporation, Inc., traded on the Nasdaq under the ticker WTBA, is a parent company of West Bank, operating primarily in the state commercial banks sector (SIC 6022). The company is headquartered in West Des Moines, Iowa, and has been active in the financial sector, providing various banking services.

According to the filing dated October 29, 2026, the company reported a net income of $11.6 million, or $0.67 per diluted common share, for the third quarter of 2026. This is an increase from $11.1 million, or $0.64 per diluted common share, in the second quarter of 2026, and up from $9.3 million, or $0.55 per diluted common share, in the third quarter of 2025.

In addition to the earnings report, the board of directors declared a quarterly dividend of $0.26 per common share, which is set to be paid to stockholders of record on November 11, 2026. This dividend reflects the company's commitment to returning value to its shareholders.

The filing also included insights into the company's financial health. Nelson noted that the bank's balance sheet remains strong, with solid capital and liquidity levels. The company reported no loans on nonaccrual status and has maintained a pristine credit quality, with no loans greater than 30 days past due for nine consecutive quarters.

In terms of performance metrics, West Bancorporation's annualized return on average assets grew to 1.16 percent in the third quarter of 2026. The company also achieved a net interest margin of 2.77 percent, compared to 2.69 percent in the previous quarter.

Looking at the comparative figures, quarterly net income rose by $0.5 million, or 5.01 percent, from the prior quarter, and the return on average equity increased to 16.41 percent from 16.21 percent. Loan balances also saw a slight increase of $45.1 million, or 1.5 percent, compared to the previous quarter.

However, deposits, excluding brokered deposits, decreased by $65.8 million, or 2.0 percent, during the third quarter. The company noted that brokered deposits were reduced by $8.5 million, indicating a strategic approach to managing funding sources.

Overall, the strong earnings report and dividend declaration from West Bancorporation reflect a positive outlook for the company and its operations within the state commercial banking sector. The filing does not specify what happens next, but the continued focus on profitability and asset quality suggests that the company is well-positioned for future growth.