WTBA

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Net income increased 37% year-to-date, driven primarily by significant net interest margin expansion of 42 basis points compared to the prior year. Management attributed the strong performance to a disciplined relationship-based model that has successfully captured market share from national banks exiting local markets. Commercial real estate (CRE) development loans declined as customers remained cautious due to interest rate environments and high cash flow requirements for new projects. Loan balances were impacted by over $200 million in developed properties being sold or moved to nonrecourse financing as part of a natural seasoning process. Credit quality remains a primary strategic pillar, characterized by zero loans past due over 30 days and a 50% reduction in the internal watch list since March 2026. The bank is successfully leveraging its Minnesota expansion, using unique facilities and seasoned bankers to attract high-value retail and business deposits from disrupted competitors. Management expects a continued upward bias in net interest margin as approximately $600 million in fixed-rate loans reprice from the low-to-mid 4% range over the next 12 months. Loan growth is expected to reach an inflection point after the third quarter of 2026 as the current pipeline of C&I and business prospects begins to offset recent CRE payoffs. The bank anticipates continued fierce competition for deposits, particularly in transactional and money market accounts, which may limit further funding cost relief. Operating expenses are projected to remain stable for the remainder of 2026, with no major technology or infrastructure projects planned until 2027 or 2028. Strategic positioning assumes a balanced interest rate sensitivity to maintain margins regardless of whether the Federal Reserve initiates rate cuts or maintains current levels. The Board approved a dividend increase to $0.26 per share, representing the highest dividend level in the company's history. Two specific credits migrated to substandard status due to cash flow difficulties, though management noted they remain well-secured with no anticipated losses. The bank reported a 46 basis point year-over-year decline in the cost of deposits, though recent trends suggest this benefit is moderating due to competitive pricing pressure. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management described deposit competition as 'fierce' across all markets, putting pressure on transactional and CD pricing. Lending demand is currently strongest in the C&I and large business sectors, while CRE developers remain sidelined by interest rate uncertainty. The bank is 'pedaling hard' on new production to offset $200 million in recent payoffs from asset sales and secondary market refinancings. Management expects the trend of declining period-end balances to reverse as the current pipeline matures, likely starting late in the third quarter or fourth quarter. Repricing benefits will be more heavily weighted toward the first half of 2027 than the second half of 2026. The margin is expected to 'grind higher' due to the significant gap between maturing loan yields (low 4s) and current market rates.

Interested in West Bancorporation, Inc.? Here are five stocks we like better. West Bancorporation posted a strong second quarter, with net income rising to $11.1 million from $8 million a year earlier and net interest income up 19%. Management also highlighted a 37% year-to-date increase in net income and a return on average equity of a little over 16% for the first half of 2026. Credit quality remained very strong as of June 30, with no loans more than 30 days past due, no nonaccrual loans and no other real estate owned. Executives said the commercial real estate portfolio continues to perform well and the watch list fell to 0.7% of the loan balance. Loan growth is being held back by payoffs and intense deposit competition, even as the bank builds its pipeline. Management said more than $200 million in developed properties were sold or refinanced in the first half of 2026, and deposit pricing pressure remains fierce in key markets like Minnesota. West Bancorporation (NASDAQ:WTBA) reported stronger second-quarter 2026 earnings, higher net interest income and continued solid credit quality, while executives said loan growth remains affected by commercial real estate payoffs and a competitive deposit environment. On the company’s earnings call, CEO and President Dave Nelson said West Bancorporation had “another very strong quarter,” citing a 37% year-over-year increase in net income on a year-to-date basis and a return on average equity of a little over 16% for the first half of 2026. Nelson also noted that the board approved an increase in the company’s quarterly dividend to $0.26 per common share, payable Aug. 19 to shareholders of record as of Aug. 5. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “All financial metrics are strong,” Nelson said, pointing to higher liquidity and capital levels, as well as what he described as “pristine” credit quality. Jane Funk, executive vice president, treasurer and chief financial officer, said net income totaled $11.1 million in the second quarter, up from $8 million in the second quarter of 2025. She said that represented a 39% increase for the quarter. For the first six months of 2026, net income was 37% higher than the same period in 2025. → 3 Photonics Companies Making Quantum Tech Possible Funk attributed the improvement in part to stronger net interest income, which increased $4.1 million, or 19%, from the second quarter of last year. She said the company’s net interest margin rose 10 basis points from the prior quarter and 42 basis points from the year-ago quarter. Deposit costs declined 2 basis points from the previous quarter and 46 basis points from the second quarter of 2025, Funk said. However, during the question-and-answer portion of the call, she said the company does not see “much relief on the funding side” because of ongoing deposit pricing competition. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Asked by Piper Sandler analyst Nathan Race whether the margin could continue to move higher, Funk said that was a fair assessment, though the pace may not match the second quarter. She said West Bancorporation has about $600 million in loans repricing over the next 12 months, with the repricing weighted more toward the first half of 2027. Those loans currently carry weighted average rates in the low- to mid-4% range. Harlee Olafson, executive vice president and chief risk officer, said credit quality remained very strong as of June 30. He said the company had no loans more than 30 days past due, no other real estate owned and no nonaccrual loans. Olafson said the watch list declined 50% from March 31 and stood at 0.7% of the loan balance. He said West Bancorporation’s bankers have been proactive in recognizing possible credit issues and either working with customers to improve credit quality, encouraging refinancing elsewhere or pursuing asset or business sales when appropriate. “Our commercial real estate portfolio is seasoned, strong, and continues to perform as expected,” Olafson said. He added that the portfolio is diversified by size and location and supported by underwriting standards and customers with cash flow and liquidity. In response to a question from Hovde Group analyst Brendan Nosal about criticized asset migration, Olafson said the company resolved a fairly large credit that came off the watch list. He said two credits experienced deterioration and moved to substandard, but both were well secured. Olafson said the borrowers were dealing with cash flow difficulties, but the company was not concerned about losses on those credits. Todd Mather, Central Iowa market president, said average loan outstandings increased slightly compared with the first quarter, even as the company experienced several larger payoffs from asset sales and refinancing into the secondary market. He said West Bancorporation did not lose customers, and most of the assets that paid off had been priced below the current rate environment. Olafson said that in the first six months of 2026, more than $200 million in developed properties were either sold to other investors or moved into non-recourse financing. He said the company is booking new credit, but production has been offset by those payoffs. “We’re pedaling pretty hard on the production side,” Olafson said, adding that the loan pipeline should help the trend move in the other direction, though he did not specify whether the improvement would occur in the current quarter or the following quarter. Mather said additional payoffs are likely in the third quarter, depending in part on Treasury rates, but he expects that activity to slow after the quarter. He also said the company has “a lot of good things in the pipeline” to help offset those payoffs. Executives described deposit gathering as a continuing focus. Mather said West Bancorporation has been successful in attracting new depositors and that bankers continue to prospect for new opportunities. He said the new business pipeline improved during the quarter as a result of a disciplined and consistent approach. Brad Peters, director and Minnesota group president, said deposit competition in Minnesota is “fierce,” with pressure on transactional accounts, money market accounts and certificates of deposit. He said the company’s advantage lies in seasoned bankers and relationship-building skills. Peters also discussed West Bancorporation’s Minnesota expansion, which began in Rochester in 2016 and later extended to St. Cloud, Mankato and Owatonna in 2019. He said those locations are in strong regional centers with diverse economies. Peters said West Bancorporation continues to introduce West Bank to those communities and has benefited from national banks reducing local presence and from disruption tied to merger-and-acquisition activity. He said the company expects continued core deposit growth and is positioned to expand business banking market share as the economy improves. Funk said non-interest expenses remained controlled, rising 2% from the second quarter of 2025 and 2.6% for the first half of 2026 compared with the same period last year. She said there were no unusual items in non-interest income or non-interest expenses during the quarter. Asked about the expense outlook, Funk said she does not expect any significant expense impact for the rest of 2026. She said the company is evaluating some items that could affect 2027 and 2028, but no large projects are expected to materially affect non-interest expense this year. During the call, executives were also asked about potential Federal Reserve policy changes. Nelson said he anticipates lower short-term interest rates, which he said could act as a catalyst for some expansion and loan demand. Olafson said the company has worked to position itself so that it can maintain margins whether rates rise or fall. West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market. Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "West Bancorporation Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

West Bancorp (WTBA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.59%. A quarter ago, it was expected that this holding company for West Bank would post earnings of $0.59 per share when it actually produced earnings of $0.61, delivering a surprise of +3.39%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. West Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $28.12 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $23.83 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. West Bancorp shares have added about 20% since the beginning of the year versus the S&P 500's gain of 9.6%. While West Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for West Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $29.5 million in revenues for the coming quarter and $2.59 on $115.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, TFS Financial (TFSL), has yet to report results for the quarter ended June 2026. This holding company for Third Federal Savings and Loan is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. TFS Financial's revenues are expected to be $87.3 million, up 6.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report TFS Financial Corporation (TFSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WEST DES MOINES, Iowa, July 23, 2026 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported second quarter 2026 net income of $11.1 million, or $0.64 per diluted common share, compared to first quarter 2026 net income of $10.6 million, or $0.61 per diluted common share, and second quarter 2025 net income of $8.0 million, or $0.47 per diluted common share. On July 22, 2026, the Company’s Board of Directors declared a regular quarterly dividend of $0.26 per common share, an increase of $0.01 from the prior quarter and representing a record high quarterly dividend for the Company. The dividend is payable on August 19, 2026, to stockholders of record on August 5, 2026. David Nelson, President and Chief Executive Officer of the Company, commented, “Our net income for the first half of 2026 has increased 37 percent compared to the first half of 2025. Our annualized return on average equity has improved to 16.06 percent for the first half of 2026, compared to 13.74 percent for the first half of 2025 and our annualized return on average assets has grown to 1.10 percent in the second quarter of 2026. As a result of our strong financial performance, we are excited to announce a $0.01 increase in our regular quarterly dividend. This marks the largest quarterly dividend in our Company’s history, providing shareholders with meaningful cash returns on their investments.” Mr. Nelson added, “Our balance sheet remains exceptionally strong, supported by solid capital and liquidity levels. Credit quality remains pristine with no loans on nonaccrual status at June 30, 2026. Additionally, this marks our eighth consecutive quarter-end with no loans greater than 30 days past due.” Second Quarter 2026 Compared to First Quarter 2026 Overview Quarterly net income was $11.1 million, an increase of $0.5 million, or 4.74 percent, compared to prior quarter. Quarterly return on average equity increased to 16.21 percent, compared to 15.91 percent in prior quarter. Loan balances were down slightly by $41.5 million, or 1.4 percent, at June 30, 2026 compared to March 31, 2026. However, average loan balances increased by $13.0 million in the second quarter of 2026 compared to the first quarter of 2026. We continue to experience notable loan payoffs as a result of secondary market refinancings and asset and business sales. The change in loan mix was primarily due to reclassifications resulting from completed construction projects moving to permanent financing. No credit loss expense on loans was recorded in either the second or first quarter of 2026. The allowance for credit losses to total loans was 1.03 percent as of June 30, 2026, compared to 1.02 percent as of March 31, 2026. There were no nonaccrual loans at June 30, 2026 or March 31, 2026. Substandard loans increased to $14.4 million as of June 30, 2026, from $0 as of March 31, 2026. The substandard loans balance consisted of loans to two borrowers, which have loans in the commercial and commercial real estate segments. In both instances, the Company believes the loans within the relationship are sufficiently collateralized. Watch list loans decreased from $41.3 million as of March 31, 2026 to $7.1 million as of June 30, 2026. This decrease was primarily due to loan payoffs totaling approximately $32.2 million. Deposits, excluding brokered deposits, increased $15.9 million, or 0.5 percent, in the second quarter of 2026. Brokered deposits were reduced by $6.0 million. As of June 30, 2026, estimated uninsured deposits, which exclude deposits in a reciprocal deposit network, brokered deposits and public funds protected by state programs, accounted for approximately 27.2 percent of total deposits. Net interest margin, on a fully tax-equivalent basis (a non-GAAP measure), was 2.69 percent for the second quarter of 2026, compared to 2.59 percent for the first quarter of 2026. Net interest income for the second quarter of 2026 was $25.5 million, compared to $24.4 million for the first quarter of 2026. The improvement was primarily due to an increase in average loan balances and increase in loan yields for the second quarter of 2026. Loan yields increased by 6 basis points in the second quarter of 2026. The efficiency ratio (a non-GAAP measure) was 48.78 percent for the second quarter of 2026, compared to 49.85 percent for the first quarter of 2026. The tangible common equity ratio was 6.97 percent as of June 30, 2026, compared to 6.75 percent as of March 31, 2026. Second Quarter 2026 Compared to Second Quarter 2025 Overview Quarterly net income was $11.1 million, an increase of $3.1 million, or 38.8 percent, compared to prior year. Quarterly return on average equity increased to 16.21 percent, compared to 13.65 percent in prior year. Loan balances were down slightly by $16.2 million at June 30, 2026, or 0.5 percent, compared to June 30, 2025. Average loan balances for the two comparable quarterly periods were relatively unchanged. We continue to experience notable loan payoffs as a result of secondary market refinancings and asset and business sales. The change in loan mix was primarily due to reclassifications resulting from completed construction projects moving to permanent financing and commercial loan restructurings adding real estate collateral. Deposits, excluding brokered deposits, increased $50.7 million, or 1.6 percent, as of June 30, 2026, compared to June 30, 2025. Brokered deposits were reduced by $97.8 million. Net interest margin, on a fully tax-equivalent basis (a non-GAAP measure), was 2.69 percent for the second quarter of 2026, compared to 2.27 percent for the second quarter of 2025. Net interest income for the second quarter of 2026 was $25.5 million, compared to $21.4 million for the second quarter of 2025. The increase in net interest margin and net interest income was primarily due to a decrease in interest expense on deposits. The cost of deposits decreased by 46 basis points in the second quarter of 2026 compared to the second quarter of 2025. This was primarily driven by the decline in deposit rates in response to the reduction in the federal funds rate in the second half of 2025. The efficiency ratio (a non-GAAP measure) was 48.78 percent for the second quarter of 2026, compared to 56.45 percent for the second quarter of 2025. The improvement in the efficiency ratio in the second quarter of 2026 compared to the second quarter of 2025 was primarily due to the increase in net interest income. The tangible common equity ratio was 6.97 percent as of June 30, 2026, compared to 5.94 percent as of June 30, 2025. The increase in the tangible common equity ratio was due to growth in retained earnings and a decrease in accumulated other comprehensive loss. The Company filed its report on Form 10-Q with the Securities and Exchange Commission today. Please refer to that document for a more in-depth discussion of the Company’s financial results. The Form 10-Q is available on the Investor Relations section of West Bank’s website at www.westbankstrong.com. The Company will discuss its results in a conference call scheduled for 2:00 p.m. Central Time on Thursday, July 23, 2026. The telephone number for the conference call is 800-715-9871. The conference ID for the conference call is 7846129. A recording of the call will be available until August 6, 2026, by dialing 800-770-2030. The conference ID for the replay call is 7846129 followed by the # key. About West Bancorporation, Inc. (Nasdaq: WTBA) West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services, and trust services for small- to medium-sized businesses and consumers. West Bank has six offices in the Des Moines, Iowa metropolitan area, one office in Coralville, Iowa, and four offices in Minnesota in the cities of Rochester, Owatonna, Mankato and St. Cloud. Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may appear throughout this report. These forward-looking statements are generally identified by the words “believes,” “expects,” “intends,” “anticipates,” “projects,” “forecasts,” “plans,” “targets,” “future,” “confident,” “potentially,” “probably,” “outlook,” “may,” “should,” “would,” “could,” “will,” “strategy,” “plan,” “opportunity,” “will be,” “will likely result,” “will continue” or similar references, as well as the negative of such words, or references to estimates, predictions or future events. Forward-looking statements are not historical facts but instead represent management’s current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of our control. Such forward-looking statements are based upon certain underlying assumptions, known and unknown, risks and uncertainties. Because of the possibility that the underlying assumptions are incorrect or do not materialize as expected in the future, actual results may differ, possibly materially, from these forward-looking statements. Risks and uncertainties that may affect future results include, but are not limited to: interest rate risk, including the effects of changes in interest rates; fluctuations in the values of the securities held in our investment portfolio, including as a result of rising interest rates; competitive pressures, including from non-bank competitors such as credit unions, “fintech” companies and digital asset service providers; technological changes implemented by us and other parties, including third-party vendors, which may be more difficult to implement or more expensive than anticipated or which may have unforeseen consequences to us and our customers, including the development and implementation of tools incorporating artificial intelligence; pricing pressures on loans and deposits; our ability to successfully manage liquidity risk; changes in credit and other risks posed by the Company’s loan portfolio, including declines in commercial or residential real estate values or changes in the allowance for credit losses dictated by new market conditions, accounting standards or regulatory requirements; the concentration of large deposits from certain clients, including those who have balances above current FDIC insurance limits; the threat or imposition of domestic or foreign tariffs or other governmental policies impacting the global supply chain and the value of products produced by our commercial borrowers; effects on the U.S. economy resulting from actions taken by the federal government, including executive orders and immigration enforcement; changes in local, national and international economic conditions, including the level and impact of inflation, and future monetary policies of the Federal Reserve in response thereto, and possible recession; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks; changes in legal and regulatory requirements, limitations and costs; changes in customers’ acceptance of the Company’s products and services; the occurrence of fraudulent activity, breaches or failures of our or our third-party partners’ information security controls or cyber-security related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools; unexpected outcomes of existing or new litigation involving the Company; the monetary, trade and other regulatory policies of the U.S. government; the effects of acts of war or terrorism, including the wars in Iran and Ukraine, ongoing conflicts in the Middle East, and other international military conflicts that can increase levels of political and economic unpredictability, contribute to rising energy and commodity prices, affect global supply chains, increase the volatility of financial markets, and other matters beyond our control; widespread disease, pandemics or epidemics, or other adverse external events; risks related to climate change and the negative impact it may have on our customers and their business; changes to U.S. tax laws, regulations and guidance; potential changes in federal policy and at regulatory agencies; talent and labor shortages; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business or customers; that availability of future equity and debt issuances and other capital raising opportunities on favorable terms; and any other risks described in the “Risk Factors” sections of reports filed by the Company with the Securities and Exchange Commission (the “SEC”). The Company cautions readers not to place undue reliance on any forward-looking statements. Moreover, any of the forward-looking statements that the Company makes in this report or the documents the Company files with or furnishes to the SEC are based only on information then actually known to the Company and upon management’s beliefs and assumptions at the time they are made, which may turn out to be wrong because of inaccurate assumptions they might make, because of the factors described above or because of other factors that the Company cannot foresee. Forward-looking statements speak only as of the date they are made, and the Company does not undertake and specifically disclaims any obligation to revise or update such forward-looking statements to reflect current or future events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. (1) Annualized net income divided by average assets. (2) Annualized net income divided by average stockholders’ equity.(3) Annualized tax-equivalent net interest income divided by average interest-earning assets.(4) Annualized tax-equivalent interest income on interest-earning assets divided by average interest-earning assets.(5) Noninterest expense (excluding other real estate owned expense and write-down of premises) divided by noninterest income (excluding net securities gains/losses and gains/losses on disposition of premises and equipment) plus tax-equivalent net interest income. (6) Total nonperforming assets divided by total assets. (7) Allowance for credit losses on loans divided by total loans.(8) Common equity less intangible assets (none held) divided by tangible assets. (9) Includes accumulated other comprehensive loss.(10) Closing stock price divided by book value per common share. (11) Closing stock price divided by annualized earnings per common share (basic).(12) Annualized dividend divided by period end closing stock price.(13) A non-GAAP measure. NON-GAAP FINANCIAL MEASURES This report contains references to financial measures that are not defined in GAAP. Such non-GAAP financial measures include the Company’s presentation of net interest income and net interest margin on a fully taxable equivalent (FTE) basis and the presentation of the efficiency ratio on an adjusted and FTE basis, excluding certain income and expenses. Management believes these non-GAAP financial measures provide useful information to both management and investors to analyze and evaluate the Company’s financial performance. These measures are considered standard measures of comparison within the banking industry. Additionally, management believes providing measures on a FTE basis enhances the comparability of income arising from taxable and nontaxable sources. Limitations associated with non-GAAP financial measures include the risks that persons might disagree as to the appropriateness of items included in these measures and that different companies might calculate these measures differently. These non-GAAP disclosures should not be considered an alternative to the Company’s GAAP results. The following table reconciles the non-GAAP financial measures of net interest income and net interest margin on a fully taxable equivalent basis and efficiency ratio on an adjusted and FTE basis. (1) Computed on a tax-equivalent basis using a federal income tax rate of 21 percent, adjusted to reflect the effect of the nondeductible interest expense associated with owning tax-exempt securities and loans. Management believes the presentation of this non-GAAP measure provides supplemental useful information for proper understanding of the financial results, as it enhances the comparability of income arising from taxable and nontaxable sources. (2) The efficiency ratio expresses noninterest expense as a percent of fully taxable equivalent net interest income and noninterest income, excluding specific noninterest income and expenses. Management believes the presentation of this non-GAAP measure provides supplemental useful information for proper understanding of the Company's financial performance. It is a standard measure of comparison within the banking industry. A lower ratio is more desirable. For more information contact:Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.91%. A quarter ago, it was expected that this bank holding company would post earnings of $1.55 per share when it actually produced earnings of $1.6, delivering a surprise of +3.23%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Southern Missouri Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $47.61 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Southern Missouri Bancorp shares have added about 29.4% since the beginning of the year versus the S&P 500's gain of 9.7%. While Southern Missouri Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Southern Missouri Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.73 on $53 million in revenues for the coming quarter and $6.85 on $213 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, West Bancorp (WTBA), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This holding company for West Bank is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +34%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. West Bancorp's revenues are expected to be $28.15 million, up 18.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

West Bancorp (WTBA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This holding company for West Bank is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +34%. Revenues are expected to be $28.15 million, up 18.1% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For West Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.59%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that West Bancorp will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that West Bancorp would post earnings of $0.59 per share when it actually produced earnings of $0.61, delivering a surprise of +3.39%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. West Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Net interest margin improved by 12 basis points sequentially, driven by the repricing of fixed-rate assets originated during the COVID era. Loan balances remained flat as new originations were offset by notable payoffs from customers moving to secondary market nonrecourse financing. Credit quality is characterized as pristine, with zero loans past due over 30 days and no nonaccrual or substandard loans reported. The watch list declined 20% from year-end, though 90% of remaining watch list credits are concentrated in the cyclical trucking industry facing high diesel costs and excess capacity. Expansion in Minnesota continues to benefit from regional M&A disruption, allowing the bank to capture market share through a relationship-based business banking model. Management is prioritizing relationship-based lending over transactional or participation opportunities to maintain long-term portfolio stability. Margin expansion is expected to continue as approximately $250 million in loans and investments yielding below 4% reprice over the next 12 months. Management anticipates the resolution of a large trucking industry credit within the watch list before the end of the second quarter of 2026. Loan demand is expected to recover as developers begin to fill the gap created by the previous high-interest-rate environment that stalled new construction. The bank plans to fund future loan growth by reallocating cash flows from maturing investment securities rather than purchasing new securities. Expense growth for the remainder of the year is projected to follow the ordinary course of business without significant anomalies or front-loaded investments. Trucking industry headwinds remain a primary focus, with the sector struggling due to low freight volumes and high operational costs. A large municipal deposit from 2025 remains on the balance sheet, with approximately 75% of the original $243 million balance still outstanding. The bank reported a 35% increase in net income compared to the first quarter of 2025, primarily attributed to improved net interest income. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management explained that growth is currently masked by payoffs as completed construction projects move to permanent secondary market financing. A gap in the pipeline caused by the previous year's high rates is starting to be filled by new developer projects. Jane Funk noted that even without rate changes, the bank has significant opportunity to improve margins through asset repricing. Specifically, $38 million in investments yielding sub-2% will roll off in the next 12 months. Management expects the opportunity to capture clients and talent from disrupted competitors to have a 'tail' lasting several years. The strategy focuses on positioning the bank in 'second place' to win business as sales cycles naturally evolve. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

West Bancorporation reported net income of $10.6 million for Q1, a 35% year-over-year increase, driven by higher net interest income and an expanding net interest margin while non-interest expenses remained controlled. Management expects margin tailwinds as roughly $250 million of loans and investments reprice over the next 12 months and about $38 million of low-yield securities roll off, which should boost margins if the Fed holds rates and funding costs stay steady. Credit quality was described as pristine with no loans past due over 30 days, no non-accruals, and a watch list down to 1.4% of loans, though about 90% of that watch list is concentrated in trucking credits the bank says are well secured. Interested in West Bancorporation, Inc.? Here are five stocks we like better. West Bancorporation (NASDAQ:WTBA) executives highlighted stronger earnings, improving margin trends, and what management described as “pristine” credit quality during the company’s first quarter 2026 earnings call. Chief Financial Officer Jane Funk said the company generated net income of $10.6 million for the quarter ended March 31, 2026, up from $7.8 million in the first quarter of 2025, a 35% increase. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Funk attributed the improvement primarily to higher net interest income and an expanding net interest margin. Net interest income increased $3.5 million, or 17%, versus the year-ago quarter. She said the net interest margin rose 12 basis points from the prior quarter and 31 basis points from the first quarter of last year. Deposit costs improved as well, with Funk reporting the cost of deposits declined 14 basis points from the previous quarter and 40 basis points year-over-year. Funk added that non-interest expense remained controlled, increasing 3% from the year-ago quarter, and said there were “no unusual items to identify” in the period. She also noted there was no provision for credit losses recorded in the quarter. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand President and CEO Dave Nelson said the company had “a very strong quarter” and expects continued earnings growth, pointing to an anticipated benefit as “the COVID era five-year duration assets reprice.” On the margin outlook if the Federal Reserve holds rates steady, Funk told analysts the company expects continued repricing benefits from the asset side of the balance sheet. She said cash flow from fixed-rate assets maturing in 2026 and 2027 remains at rates “still in the fours, some in the threes,” while a portion of the investment portfolio rolling off carries significantly lower yields. → Amazon Stock Up 30%: Is AMZN Still a Buy Before Earnings? “We’ll have about, I think it’s projected about $38 million rolling off of the investment portfolio over the next 12 months, and that’s a 2% or sub 2% rate,” Funk said. “We believe if rates are steady and deposit and funding costs are steady, we’ve got plenty of opportunity on the asset side in repricing to improve margin.” Asked about where the net interest margin could land over the next few quarters, Funk said the company does not have “a specific number or target,” but noted that over the next 12 months, “between loans and investments,” roughly $250 million is expected to reprice at a blended rate “maybe below 4%.” Nelson said loan balances have been flat while deposits have grown, adding that when loan demand increases, “we will definitely find it,” and that the bank has “several attractive credit opportunities in our pipeline.” During management’s prepared remarks, the company said total loans were flat compared to year-end 2025, ending the first quarter at $3 billion in outstandings. Management cited notable loan payoffs driven by secondary-market refinancing and asset sales, while emphasizing that customers are being retained. “We continue to backfill these payoffs with new opportunities at better interest rates,” the company said during the discussion, adding, “We are not losing customers. Rather, they are restructuring their asset portfolios with longer-term interest rates through the secondary markets.” Chief Risk Officer Harlee Olafson provided additional context around loan growth dynamics, saying that when rates were “relatively high,” new construction activity “came close to a standstill,” creating a gap between projects completing and new projects starting. Olafson said he is seeing “some signs of borrowers and developers starting to fill in that gap again with new projects.” On deposits, Funk said core deposit balances were “down a little bit” compared to year-end, primarily reflecting typical customer cash flow fluctuations and seasonality. In response to an analyst question about a municipal depositor that had placed $243 million of bond proceeds at the bank last year, Funk said “probably 75%” of those balances remain on the balance sheet. Looking ahead to funding loan growth, Funk said the bank has been building short-term liquidity in anticipation of loan demand and plans to deploy investment cash flows as needed. “We haven’t been purchasing securities the last few years,” she said, “and so a lot of the liquidity that we’re building, the short-term liquidity is really for that anticipation of loan activity.” Nelson said that as of March 31, the company’s credit quality “remains pristine,” and that it “did not have a single loan past due 30 days.” Olafson echoed the strength of credit metrics, reporting no past dues over 30 days, no other real estate owned, no non-accruals, and no substandard loans. Olafson said the watch list declined 20% from year-end and stood at 1.4% of total loans. He noted that about 90% of the watch list relates to the trucking industry, which he said continues to face “low freight, excess capacity and high price of diesel.” Still, he said the bank’s trucking credits are well secured and that borrowers are making decisions “to remain viable.” Olafson added that the bank expects resolution of “a large credit within that group before the end of the second quarter.” On commercial real estate, Olafson said the portfolio “continues to perform very well” and is diversified by property type and location. He said stress testing “continues to show lower loan to values and good strong cash flow on a majority of the credit.” Nelson said the board declared a quarterly dividend of $0.25 per share, payable May 20 to shareholders of record as of May 6. Minnesota Group President Brad Peters outlined the bank’s Minnesota expansion, which began with a Rochester full-service bank in 2016 and expanded to St. Cloud, Mankato, and Owatonna in 2019, with the final building completed last year in Owatonna. Peters said the bank is still relatively new in those markets and continues introducing the franchise locally, emphasizing a relationship-based, business-banking model. Peters said disruption from recent M&A activity in the region has created targets to pursue and that West Bank is also capturing personal business from owners and executives, along with high-value retail deposit opportunities. He said he expects continued core deposit and loan growth and believes the opportunity from market disruption could play out over multiple years. “I think it’s several years,” Peters said, adding that sales cycles take time and that the team’s focus is to get “in second place and position ourselves to win the business.” On expenses and hiring, Funk said the company expects ordinary-course expense management and is not anticipating anomalies. Peters added that the bank continues to evaluate talent opportunities, though the timing of any additions has not been established. West Bancorporation, Inc is the bank holding company for West Town Bank and Trust, a full-service community bank headquartered in Chicago, Illinois. Through its subsidiary, the company offers a comprehensive suite of commercial and consumer banking products, including deposit accounts, residential and commercial mortgages, business loans and treasury management services. West Bancorporation focuses on delivering personalized financial solutions to small- and medium-sized businesses, real estate developers and individual customers within its urban market. Since launching operations in 2006, West Town Bank and Trust has steadily expanded its presence across the Chicago metropolitan area. The article "West Bancorporation Q1 Earnings Call Highlights" was originally published by MarketBeat.

West Bancorp (WTBA) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.39%. A quarter ago, it was expected that this holding company for West Bank would post earnings of $0.57 per share when it actually produced earnings of $0.61, delivering a surprise of +7.02%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. West Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $26.94 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $23.1 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. West Bancorp shares have added about 6.6% since the beginning of the year versus the S&P 500's gain of 4.3%. While West Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for West Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.63 on $28.2 million in revenues for the coming quarter and $2.55 on $115.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Community Bancorp, Inc. (CZWI), another stock in the same industry, has yet to report results for the quarter ended March 2026. This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +12.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens Community Bancorp, Inc.'s revenues are expected to be $15.7 million, up 10.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report Citizens Community Bancorp, Inc. (CZWI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WEST DES MOINES, Iowa, April 23, 2026 (GLOBE NEWSWIRE) -- West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported first quarter 2026 net income of $10.6 million, or $0.61 per diluted common share, compared to fourth quarter 2025 net income of $7.4 million, or $0.43 per diluted common share, and first quarter 2025 net income of $7.8 million, or $0.46 per diluted common share. On April 22, 2026, the Company’s Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on May 20, 2026, to stockholders of record on May 6, 2026. David Nelson, President and Chief Executive Officer of the Company, commented, “Our priorities continue to center on our relationship building strategies to drive improvements in profitability and build shareholder value. Our net interest margin continues to expand and we saw net income increase 34.8 percent in the first quarter of 2026 compared to the first quarter of 2025. Our teams are working hard at the activities that we believe will result in enhanced financial performance.” Mr. Nelson added, “Our balance sheet remains exceptionally strong, supported by solid capital and liquidity levels. Credit quality remains pristine with no loans on nonaccrual status at March 31, 2026. Additionally, this marks our seventh consecutive quarter-end with no loans greater than 30 days past due.” First Quarter 2026 Compared to Fourth Quarter 2025 Overview Loans decreased $10.1 million, or 0.3 percent, in the first quarter of 2026. We continue to experience notable loan payoffs as a result of secondary market refinancings and asset and business sales. The change in loan mix is primarily due to reclassifications resulting from completed construction projects moving to permanent financing and commercial loan restructurings adding real estate collateral. No credit loss expense on loans was recorded in either the first quarter of 2026 or fourth quarter of 2025. The allowance for credit losses to total loans was 1.02 percent as of both March 31, 2026 and December 31, 2025. There were no nonaccrual loans at March 31, 2026 or December 31, 2025. Watch list loans decreased from $52.2 million as of December 31, 2025 to $41.3 million as of March 31, 2026. This decrease was primarily due to the payoff of one commercial real estate loan in the first quarter of 2026 with a balance of $11.4 million. Deposits decreased $133.5 million, or 3.8 percent, in the first quarter of 2026. Brokered deposits totaled $116.5 million at March 31, 2026, compared to $154.6 million at December 31, 2025, a decrease of $38.1 million. Excluding brokered deposits, deposits decreased $95.4 million, or 2.9 percent, during the first quarter of 2026. The decline in deposits was due to normal cash flow fluctuations of our core depositors. As of March 31, 2026, estimated uninsured deposits, which exclude deposits in a reciprocal deposit network, brokered deposits and public funds protected by state programs, accounted for approximately 27.0 percent of total deposits. Net interest margin, on a fully tax-equivalent basis (a non-GAAP measure), was 2.59 percent for the first quarter of 2026, compared to 2.47 percent for the fourth quarter of 2025. Net interest income for the first quarter of 2026 was $24.4 million, compared to $24.2 million for the fourth quarter of 2025. The improvement in net interest margin was primarily due to a 14 basis point decrease in the cost of deposits in the first quarter of 2026 when compared to the fourth quarter of 2025. The efficiency ratio (a non-GAAP measure) improved to 49.85 percent for the first quarter of 2026, compared to 50.21 percent for the fourth quarter of 2025. The tangible common equity ratio was 6.75 percent as of March 31, 2026, compared to 6.42 percent as of December 31, 2025. First Quarter 2026 Compared to First Quarter 2025 Overview Loans decreased $24.8 million at March 31, 2026, or 0.8 percent, compared to March 31, 2025. We continue to experience notable loan payoffs as a result of secondary market refinancings and asset and business sales. The change in loan mix is primarily due to reclassifications resulting from completed construction projects moving to permanent financing and commercial loan restructurings adding real estate collateral. Deposits increased $10.5 million, or 0.3 percent, at March 31, 2026, compared to March 31, 2025. Included in deposits were brokered deposits totaling $116.5 million at March 31, 2026, compared to $335.5 million at March 31, 2025. Excluding brokered deposits, deposits increased $229.5 million, or 7.7 percent, as of March 31, 2026, compared to March 31, 2025. In the second quarter of 2025, a local municipal customer deposited approximately $243.0 million of bond proceeds that are expected to be withdrawn over a 24 month time period. Net interest margin, on a fully tax-equivalent basis (a non-GAAP measure), was 2.59 percent for the first quarter of 2026, compared to 2.28 percent for the first quarter of 2025. Net interest income for the first quarter of 2026 was $24.4 million, compared to $20.9 million for the first quarter of 2025. The increase in net interest margin and net interest income was primarily due to a decrease in interest expense on deposits and borrowed funds. The cost of deposits decreased by 40 basis points in the first quarter of 2026 compared to the first quarter of 2025. This was partially offset by a $79.8 million increase in average deposit balances in the first quarter of 2026 compared to the first quarter of 2025. Additionally, the average balance of borrowed funds decreased $16.2 million in the first quarter of 2026, compared to the first quarter of 2025. The efficiency ratio (a non-GAAP measure) was 49.85 percent for the first quarter of 2026, compared to 56.37 percent for the first quarter of 2025. The improvement in the efficiency ratio in the first quarter of 2026 compared to the first quarter of 2025 was primarily due to the increase in net interest income. The tangible common equity ratio was 6.75 percent as of March 31, 2026, compared to 5.97 percent as of March 31, 2025. The increase in the tangible common equity ratio was due to growth in retained earnings and a decrease in accumulated other comprehensive loss. The Company filed its report on Form 10-Q with the Securities and Exchange Commission today. Please refer to that document for a more in-depth discussion of the Company’s financial results. The Form 10-Q is available on the Investor Relations section of West Bank’s website at www.westbankstrong.com. The Company will discuss its results in a conference call scheduled for 2:00 p.m. Central Time on Thursday, April 23, 2026. The telephone number for the conference call is 800-715-9871. The conference ID for the conference call is 7846129. A recording of the call will be available until May 7, 2026, by dialing 800-770-2030. The conference ID for the replay call is 7846129 followed by the # key. About West Bancorporation, Inc. (Nasdaq: WTBA) West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services, and trust services for small- to medium-sized businesses and consumers. West Bank has six offices in the Des Moines, Iowa metropolitan area, one office in Coralville, Iowa, and four offices in Minnesota in the cities of Rochester, Owatonna, Mankato and St. Cloud. Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may appear throughout this report. These forward-looking statements are generally identified by the words “believes,” “expects,” “intends,” “anticipates,” “projects,” “forecasts,” “plans,” “targets,” “future,” “confident,” “potentially,” “probably,” “outlook,” “may,” “should,” “would,” “could,” “will,” “strategy,” “plan,” “opportunity,” “will be,” “will likely result,” “will continue” or similar references, as well as the negative of such words, or references to estimates, predictions or future events. Forward-looking statements are not historical facts but instead represent management’s current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of our control. Such forward-looking statements are based upon certain underlying assumptions, known and unknown, risks and uncertainties. Because of the possibility that the underlying assumptions are incorrect or do not materialize as expected in the future, actual results may differ, possibly materially from these forward-looking statements. Risks and uncertainties that may affect future results include, but are not limited to: interest rate risk, including the effects of changes in interest rates; fluctuations in the values of the securities held in our investment portfolio, including as a result of rising interest rates; competitive pressures, including from non-bank competitors such as credit unions, “fintech” companies and digital asset service providers; technological changes implemented by us and other parties, including third-party vendors, which may be more difficult to implement or more expensive than anticipated or which may have unforeseen consequences to us and our customers, including the development and implementation of tools incorporating artificial intelligence; pricing pressures on loans and deposits; our ability to successfully manage liquidity risk; changes in credit and other risks posed by the Company’s loan portfolio, including declines in commercial or residential real estate values or changes in the allowance for credit losses dictated by new market conditions, accounting standards or regulatory requirements; the concentration of large deposits from certain clients, including those who have balances above current FDIC insurance limits; the threat or imposition of domestic or foreign tariffs or other governmental policies impacting the global supply chain and the value of products produced by our commercial borrowers; effects on the U.S. economy resulting from actions taken by the federal government, including executive orders and immigration enforcement; changes in local, national and international economic conditions, including the level and impact of inflation, and future monetary policies of the Federal Reserve in response thereto, and possible recession; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks; changes in legal and regulatory requirements, limitations and costs; changes in customers’ acceptance of the Company’s products and services; the occurrence of fraudulent activity, breaches or failures of our or our third-party partners’ information security controls or cyber-security related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools; unexpected outcomes of existing or new litigation involving the Company; the monetary, trade and other regulatory policies of the U.S. government; the effects of acts of war or terrorism, including the wars in Iran and Ukraine and the military conflict between Israel and Hamas in the Middle East; widespread disease, pandemics or epidemics, or other adverse external events; risks related to climate change and the negative impact it may have on our customers and their business; changes to U.S. tax laws, regulations and guidance; potential changes in federal policy and at regulatory agencies; talent and labor shortages; and any other risks described in the “Risk Factors” sections of reports filed by the Company with the Securities and Exchange Commission (the “SEC”). The Company cautions readers not to place undue reliance on any forward-looking statements. Moreover, any of the forward-looking statements that the Company makes in this report or the documents the Company files with or furnishes to the SEC are based only on information then actually known to the Company and upon management’s beliefs and assumptions at the time they are made, which may turn out to be wrong because of inaccurate assumptions they might make, because of the factors described above or because of other factors that the Company cannot foresee. Forward-looking statements speak only as of the date they are made, and the Company does not undertake and specifically disclaims any obligation to revise or update such forward-looking statements to reflect current or future events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. (1) Annualized net income divided by average assets. (2) Annualized net income divided by average stockholders’ equity. (3) Annualized tax-equivalent net interest income divided by average interest-earning assets. (4) Annualized tax-equivalent interest income on interest-earning assets divided by average interest-earning assets. (5) Noninterest expense (excluding other real estate owned expense and write-down of premises) divided by noninterest income (excluding net securities gains/losses and gains/losses on disposition of premises and equipment) plus tax-equivalent net interest income. (6) Total nonperforming assets divided by total assets. (7) Allowance for credit losses on loans divided by total loans. (8) Common equity less intangible assets (none held) divided by tangible assets. (9) Includes accumulated other comprehensive loss. (10) Closing stock price divided by book value per common share. (11) Closing stock price divided by annualized earnings per common share (basic). (12) Annualized dividend divided by period end closing stock price. (13) A non-GAAP measure. NON-GAAP FINANCIAL MEASURES This report contains references to financial measures that are not defined in GAAP. Such non-GAAP financial measures include the Company’s presentation of net interest income and net interest margin on a fully taxable equivalent (FTE) basis and the presentation of the efficiency ratio on an adjusted and FTE basis, excluding certain income and expenses. Management believes these non-GAAP financial measures provide useful information to both management and investors to analyze and evaluate the Company’s financial performance. These measures are considered standard measures of comparison within the banking industry. Additionally, management believes providing measures on a FTE basis enhances the comparability of income arising from taxable and nontaxable sources. Limitations associated with non-GAAP financial measures include the risks that persons might disagree as to the appropriateness of items included in these measures and that different companies might calculate these measures differently. These non-GAAP disclosures should not be considered an alternative to the Company’s GAAP results. The following table reconciles the non-GAAP financial measures of net interest income and net interest margin on a fully taxable equivalent basis and efficiency ratio on an adjusted and FTE basis. (1) Computed on a tax-equivalent basis using a federal income tax rate of 21 percent, adjusted to reflect the effect of the nondeductible interest expense associated with owning tax-exempt securities and loans. Management believes the presentation of this non-GAAP measure provides supplemental useful information for proper understanding of the financial results, as it enhances the comparability of income arising from taxable and nontaxable sources. (2) The efficiency ratio expresses noninterest expense as a percent of fully taxable equivalent net interest income and noninterest income, excluding specific noninterest income and expenses. Management believes the presentation of this non-GAAP measure provides supplemental useful information for proper understanding of the Company's financial performance. It is a standard measure of comparison within the banking industry. A lower ratio is more desirable. For more information contact: Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766