West Bancorporation Q1 net income rises 35% on margin expansion

West Bancorporation

23/04/2026 13:42

Overview

U.S. community bank's Q1 net income and EPS rose sharply yr/yr

Net interest margin improved to 2.59% from 2.28% a year ago, aided by lower deposit costs

Loans declined 0.8% yr/yr due to payoffs and refinancings

Outlook

Company did not provide specific financial guidance or outlook for future periods

Result Drivers

LOWER FUNDING COSTS - Net interest margin and net interest income rose, mainly due to a decrease in interest expense on deposits and borrowed funds

CREDIT QUALITY - Credit quality remained strong with no nonaccrual loans and a decrease in watch list loans

LOAN PAYOFFS - Loan balances declined due to secondary market refinancings and asset and business sales

Company press release: ID:nGNX3pS7bc

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.61
Q1 Net Income
$10.6 mln
Q1 Net Interest Income
$24.4 mln
Q1 Adjusted Net Interest Margin
2.59%
Q1 Dividend
$0.25


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for West Bancorporation Inc is $25.75, about 8.9% above its April 22 closing price of $23.65

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)