Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director John Sorensen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
West Bancorporation, Inc. Declares Quarterly Dividend of First Quarter Ended March 31 2026, Payable on May 20, 2026 On April 22, 2026, West Bancorporation, Inc.'s Board of Directors declared a regular quarterly dividend of $0.25 per common share for first quarter ended March 31, 2026. The dividend is payable on May 20, 2026, to stockholders of record on May 6, 2026. Announcement • Mar 04
West Bancorporation, Inc., Annual General Meeting, Apr 23, 2026 West Bancorporation, Inc., Annual General Meeting, Apr 23, 2026. Location: 3330 westown parkway, west des moines, iowa 50266, United States Announcement • Jan 29
West Bancorporation, Inc. Declares Quarterly Dividend, Payable on February 25, 2026 On January 28, 2026, West Bancorporation, Inc.’s Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on February 25, 2026, to stockholders of record on February 11, 2026. Announcement • Dec 19
West Bancorporation, Inc. to Report Q4, 2025 Results on Jan 29, 2026 West Bancorporation, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 29, 2026 Announcement • Oct 23
West Bancorporation, Inc. Declares Quarterly Dividend, Payable on November 19, 2025 West Bancorporation, Inc. announced that on October 22, 2025, the Company's Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on November 19, 2025, to stockholders of record on November 5, 2025. Announcement • Sep 19
West Bancorporation, Inc. to Report Q3, 2025 Results on Oct 23, 2025 West Bancorporation, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025 Announcement • Jul 25
West Bancorporation, Inc. announces Quarterly dividend, payable on August 20, 2025 West Bancorporation, Inc. announced Quarterly dividend of USD 0.2500 per share payable on August 20, 2025, ex-date on August 06, 2025 and record date on August 06, 2025. Announcement • Jun 20
West Bancorporation, Inc. to Report Q2, 2025 Results on Jul 24, 2025 West Bancorporation, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 24, 2025 Announcement • Apr 24
West Bancorporation, Inc. Declares Quarterly Dividend, Payable on May 21, 2025 West Bancorporation, Inc. on April 23, 2025, the company’s Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on May 21, 2025, to stockholders of record on May 7, 2025. Announcement • Mar 21
West Bancorporation, Inc. to Report Q1, 2025 Results on Apr 24, 2025 West Bancorporation, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Announcement • Mar 05
Philip Jason Worth Not Stand for Re-Election to the Board of West Bancorporation, Inc On January 21, 2025, Mr. Philip Jason Worth informed West Bancorporation, Inc. that he will not stand for re-election to the Board at the Annual Meeting. Mr. Worth has been a member of the Board since 2013 and will continue to serve as a member of the Board until the Annual Meeting. Mr. Worth’s decision not to stand for re-election to the Board was not a result of any disagreement with the Company pertaining to the Company’s operations, policies or practices. As a result, at its February 19, 2025 meeting, the Board approved reducing the size of the Board from 11 to 10, effective immediately prior to the Annual Meeting. Announcement • Jan 25
West Bancorporation, Inc., Annual General Meeting, Apr 24, 2025 West Bancorporation, Inc., Annual General Meeting, Apr 24, 2025. Announcement • Dec 20
West Bancorporation, Inc. to Report Q4, 2024 Results on Jan 23, 2025 West Bancorporation, Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025 New Risk • Nov 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €88k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €22.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 11% over the past three years. Declared Dividend • Oct 28
Third quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 6th November 2024 Payment date: 20th November 2024 Dividend yield will be 5.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (78% payout ratio) and is expected to be covered in 3 years' time (48% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.35 (vs US$0.35 in 3Q 2023) Third quarter 2024 results: EPS: US$0.35. Revenue: US$20.3m (up 5.5% from 3Q 2023). Net income: US$5.95m (flat on 3Q 2023). Profit margin: 29% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Announcement • Sep 20
West Bancorporation, Inc. to Report Q3, 2024 Results on Oct 24, 2024 West Bancorporation, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024 Announcement • Aug 24
West Bancorporation, Inc. and West Bank Announces Resignation of Patrick J. Donovan as Director On August 19, 2024, Patrick J. Donovan tendered his resignation as a director of both West Bancorporation, Inc. and its wholly-owned subsidiary, West Bank, effective immediately. Prior to his resignation, Mr. Donovan also served on the Risk Management & Information Technology Committee of the Company's Board of Directors. Mr. Donovan's decision to resign was for personal reasons and was not a result of any conflict with the Company. The Company would like to sincerely thank Mr. Donovan for his outstanding service on the Board of Directors for the past five years. Declared Dividend • Jul 29
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 7th August 2024 Payment date: 21st August 2024 Dividend yield will be 5.0%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.31 (vs US$0.35 in 2Q 2023) Second quarter 2024 results: EPS: US$0.31 (down from US$0.35 in 2Q 2023). Revenue: US$19.6m (flat on 2Q 2023). Net income: US$5.19m (down 11% from 2Q 2023). Profit margin: 27% (down from 30% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €18.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 8.8% over the past three years. Announcement • Jun 22
West Bancorporation, Inc. to Report Q2, 2024 Results on Jul 25, 2024 West Bancorporation, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Declared Dividend • Apr 29
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 7th May 2024 Payment date: 22nd May 2024 Dividend yield will be 6.2%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.8% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 42% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.47 in 1Q 2023) First quarter 2024 results: EPS: US$0.35 (down from US$0.47 in 1Q 2023). Revenue: US$19.0m (down 12% from 1Q 2023). Net income: US$5.81m (down 26% from 1Q 2023). Profit margin: 31% (down from 36% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Mar 23
West Bancorporation, Inc. to Report Q1, 2024 Results on Apr 25, 2024 West Bancorporation, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Announcement • Mar 06
West Bancorporation, Inc., Annual General Meeting, Apr 25, 2024 West Bancorporation, Inc., Annual General Meeting, Apr 25, 2024, at 16:00 Central Standard Time. Location: 3330 Westown Parkway West Des Moines, IA 50266 West Des Moines Iowa United States Agenda: To consider the election of 12 directors to serve on the Board of Directors until the next annual meeting of stockholders and until their successors are elected and qualified; to consider the approval, on a nonbinding basis, of the 2023 compensation of the named executive officers disclosed in the proxy statement; to consider the approval, on a nonbinding basis, of the frequency (every one, two or three years) of the nonbinding vote to approve the compensation of the named executive officers disclosed in the proxy statement; to consider the approval of an amendment to the West Bancorporation, Inc. 2021 Equity Incentive Plan that would increase the number of available shares that may be issued under the plan; to consider the ratification of the appointment of RSM US LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024; and to consider all other matters. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$1.45 (vs US$2.79 in FY 2022) Full year 2023 results: EPS: US$1.45 (down from US$2.79 in FY 2022). Revenue: US$78.4m (down 25% from FY 2022). Net income: US$24.1m (down 48% from FY 2022). Profit margin: 31% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.01% (down from 2.76% in FY 2022). Cost-to-income ratio: 60.7% (up from 43.7% in FY 2022). Non-performing loans: 0.01% (no change from 0.01% in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Jan 30
Upcoming dividend of US$0.25 per share at 4.9% yield Eligible shareholders must have bought the stock before 06 February 2024. Payment date: 21 February 2024. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.2%). Declared Dividend • Jan 29
Fourth quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 6th February 2024 Payment date: 21st February 2024 Dividend yield will be 5.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (69% payout ratio) and is expected to be covered in 3 years' time (65% forecast payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: US$1.44 (vs US$2.79 in FY 2022) Full year 2023 results: EPS: US$1.44 (down from US$2.79 in FY 2022). Revenue: US$78.4m (down 25% from FY 2022). Net income: US$24.1m (down 48% from FY 2022). Profit margin: 31% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 25
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on February 21, 2024 On January 24, 2024, the Board of Directors of West Bancorporation, Inc. declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on February 21, 2024, to stockholders of record on February 7, 2024. Announcement • Dec 23
West Bancorporation, Inc. to Report Q4, 2023 Results on Jan 25, 2024 West Bancorporation, Inc. announced that they will report Q4, 2023 results on Jan 25, 2024 New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Oct 27
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on November 22, 2023 On October 25, 2023, West Bancorporation, Inc. declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on November 22, 2023, to stockholders of record on November 8, 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.35 (vs US$0.70 in 3Q 2022) Third quarter 2023 results: EPS: US$0.35 (down from US$0.70 in 3Q 2022). Revenue: US$19.3m (down 27% from 3Q 2022). Net income: US$5.91m (down 49% from 3Q 2022). Profit margin: 31% (down from 44% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Sep 23
West Bancorporation, Inc. to Report Q3, 2023 Results on Oct 26, 2023 West Bancorporation, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023 Upcoming Dividend • Aug 01
Upcoming dividend of US$0.25 per share at 5.0% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.35 (vs US$0.76 in 2Q 2022) Second quarter 2023 results: EPS: US$0.35 (down from US$0.76 in 2Q 2022). Revenue: US$19.7m (down 30% from 2Q 2022). Net income: US$5.86m (down 54% from 2Q 2022). Profit margin: 30% (down from 45% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Jul 28
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on August 23, 2023 On July 26, 2023, the Board of Directors of West Bancorporation, Inc. declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on August 23, 2023, to stockholders of record on August 9, 2023. Announcement • Jun 25
West Bancorporation, Inc.(NasdaqGS:WTBA) dropped from Russell 2000 Growth-Defensive Index West Bancorporation, Inc.(NasdaqGS:WTBA) dropped from Russell 2000 Growth-Defensive Index Announcement • Jun 24
West Bancorporation, Inc. to Report Q2, 2023 Results on Jul 27, 2023 West Bancorporation, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 27, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €18.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 26% over the past three years. Recent Insider Transactions • May 21
Independent Director recently bought €74k worth of stock On the 17th of May, Sean McMurray bought around 5k shares on-market at roughly €14.87 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €98k. Insiders have collectively bought €362k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 11
Independent Director recently bought €73k worth of stock On the 8th of May, George Milligan bought around 5k shares on-market at roughly €14.52 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €98k. Insiders have collectively bought €273k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of US$0.25 per share at 6.0% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (6.1%). Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.47 (vs US$0.80 in 1Q 2022) First quarter 2023 results: EPS: US$0.47 (down from US$0.80 in 1Q 2022). Revenue: US$21.7m (down 20% from 1Q 2022). Net income: US$7.84m (down 41% from 1Q 2022). Profit margin: 36% (down from 49% in 1Q 2022). Revenue is expected to decline by 3.2% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 09
Independent Director recently bought €98k worth of stock On the 1st of March, George Milligan bought around 5k shares on-market at roughly €19.67 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €201k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$2.79 (vs US$3.00 in FY 2021) Full year 2022 results: EPS: US$2.79 (down from US$3.00 in FY 2021). Revenue: US$104.4m (down 1.7% from FY 2021). Net income: US$46.4m (down 6.5% from FY 2021). Profit margin: 44% (down from 47% in FY 2021). The decrease in margin was primarily driven by higher expenses. Net interest margin (NIM): 2.76% (down from 3.05% in FY 2021). Cost-to-income ratio: 43.7% (up from 40.9% in FY 2021). Non-performing loans: 0.01% (down from 0.36% in FY 2021). Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Michael J. Gerdin Not to Stand for Re-Election to the Board of Directors of West Bancorporation, Inc. and West Bank On February 6, 2023, Michael J. Gerdin informed West Bancorporation, Inc. that he will not stand for re-election to the Company’s Board of Directors at the Company’s 2023 annual meeting of shareholders, scheduled to be held on April 27, 2023. Mr. Gerdin has been a member of the Board since 2013 and will continue to serve as a member of the Board until the 2023 annual meeting. Mr. Gerdin also serves as a member of the Compensation Committee. Mr. Gerdin also resigned from the West Bank’s Board, with concurrent effect. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.25 per share at 4.7% yield Eligible shareholders must have bought the stock before 07 February 2023. Payment date: 22 February 2023. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Announcement • Jan 27
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on February 22, 2023 West Bancorporation, Inc. announced on January 25, 2023, the Company’s Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on February 22, 2023, to stockholders of record on February 8, 2023. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$2.79 (vs US$3.00 in FY 2021) Full year 2022 results: EPS: US$2.79 (down from US$3.00 in FY 2021). Revenue: US$104.4m (down 1.7% from FY 2021). Net income: US$46.4m (down 6.5% from FY 2021). Profit margin: 44% (down from 47% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the Banks industry in Europe. Announcement • Dec 24
West Bancorporation, Inc. to Report Q4, 2022 Results on Jan 26, 2023 West Bancorporation, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 26, 2023 Upcoming Dividend • Nov 01
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 23 November 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.6%). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.70 (vs US$0.77 in 3Q 2021) Third quarter 2022 results: EPS: US$0.70 (down from US$0.77 in 3Q 2021). Revenue: US$26.3m (down 2.3% from 3Q 2021). Net income: US$11.6m (down 8.7% from 3Q 2021). Profit margin: 44% (down from 47% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.3%. Announcement • Oct 28
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on November 23, 2022 On October 26, 2022, West Bancorporation, Inc. Board of Directors declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on November 23, 2022, to stockholders of record on November 9, 2022. Announcement • Sep 24
West Bancorporation, Inc. to Report Q3, 2022 Results on Oct 27, 2022 West Bancorporation, Inc. announced that they will report Q3, 2022 results Pre-Market on Oct 27, 2022 Upcoming Dividend • Aug 02
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.8%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.76 (vs US$0.80 in 2Q 2021) Second quarter 2022 results: EPS: US$0.76 (down from US$0.80 in 2Q 2021). Revenue: US$28.3m (up 3.3% from 2Q 2021). Net income: US$12.7m (down 4.3% from 2Q 2021). Profit margin: 45% (down from 48% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.0% compared to a 20% growth forecast for the industry in Germany. Announcement • Jul 29
West Bancorporation, Inc. Declares Quarterly Dividend, Payable on August 24, 2022 The board of directors of West Bancorporation, Inc. declared a regular quarterly dividend of $0.25 per common share. The dividend is payable on August 24, 2022, to stockholders of record on August 10, 2022. Announcement • Jun 25
West Bancorporation, Inc. to Report Q2, 2022 Results on Jul 28, 2022 West Bancorporation, Inc. announced that they will report Q2, 2022 results Pre-Market on Jul 28, 2022 Upcoming Dividend • May 03
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.5%). Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$0.80 (vs US$0.71 in 1Q 2021) First quarter 2022 results: EPS: US$0.80 (up from US$0.71 in 1Q 2021). Revenue: US$27.0m (up 7.5% from 1Q 2021). Net income: US$13.2m (up 12% from 1Q 2021). Profit margin: 49% (up from 47% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.1% compared to a 8.9% growth forecast for the industry in Germany. Recent Insider Transactions • Mar 05
Executive Vice President recently bought €102k worth of stock On the 24th of February, Bradley Peters bought around 4k shares on-market at roughly €25.54 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €148k more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 08 February 2022. Payment date: 23 February 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.4%). In line with average of industry peers (3.4%). Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.00 (up from US$1.99 in FY 2020). Revenue: US$106.3m (up 32% from FY 2020). Net income: US$49.6m (up 52% from FY 2020). Profit margin: 47% (up from 41% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the banks industry in Germany. Announcement • Jan 28
West Bancorporation, Inc. Declares Quarterly Dividend, Payable on February 23, 2022 On January 26, 2022, the Board of Directors West Bancorporation, Inc. declared a regular quarterly dividend of $0.25 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 February 23, 2022, to stockholders of record on February 9, 2022. Board Change • Jan 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Executive Officer & Director Doug Gulling was the last director to join the board, commencing their role in the last week. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 25
Insider recently bought €88k worth of stock On the 22nd of November, Patrick Donovan bought around 3k shares on-market at roughly €29.32 per share. In the last 3 months, they made an even bigger purchase worth €126k. Despite this recent purchase, insiders have collectively sold €268k more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 06
Executive VP recently sold €186k worth of stock On the 3rd of November, Douglas Gulling sold around 7k shares on-market at roughly €27.95 per share. This was the largest sale by an insider in the last 3 months. Douglas has been a seller over the last 12 months, reducing personal holdings by €780k. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 24 November 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.9%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.77 (vs US$0.49 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$26.9m (up 32% from 3Q 2020). Net income: US$12.7m (up 57% from 3Q 2020). Profit margin: 47% (up from 40% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 05
Insider recently bought €64k worth of stock On the 2nd of September, Patrick Donovan bought around 3k shares on-market at roughly €25.54 per share. In the last 3 months, they made an even bigger purchase worth €145k. Despite this recent purchase, insiders have collectively sold €262k more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 07
Executive VP recently sold €126k worth of stock On the 4th of August, Douglas Gulling sold around 5k shares on-market at roughly €25.28 per share. This was the largest sale by an insider in the last 3 months. Douglas has been a seller over the last 12 months, reducing personal holdings by €462k. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 25 August 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.2%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.80 (vs US$0.48 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$27.4m (up 40% from 2Q 2020). Net income: US$13.2m (up 66% from 2Q 2020). Profit margin: 48% (up from 41% in 2Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Jun 04
Executive VP recently sold €115k worth of stock On the 2nd of June, Douglas Gulling sold around 5k shares on-market at roughly €23.06 per share. This was the largest sale by an insider in the last 3 months. Douglas has been a seller over the last 12 months, reducing personal holdings by €216k. Executive Departure • May 04
Independent Director has left the company On the 29th of April, Lou Ann Sandburg's tenure as Independent Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Lou Ann's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.71 (vs US$0.49 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$25.1m (up 26% from 1Q 2020). Net income: US$11.8m (up 45% from 1Q 2020). Profit margin: 47% (up from 41% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • Apr 30
West Bancorporation, Inc. Declares Regular Quarterly Dividend, Payable on May 26, 2021 On April 28, 2021, West Bancorporation, Inc.’s Board of Directors declared a regular quarterly dividend of $0.24 per common share, an increase of $0.02 from the prior quarter and representing a record high quarterly dividend for the Company. The dividend is payable on May 26, 2021, to stockholders of record on May 12, 2021. Announcement • Mar 20
West Bancorporation, Inc. to Report Q1, 2021 Results on Apr 29, 2021 West Bancorporation, Inc. announced that they will report Q1, 2021 results Pre-Market on Apr 29, 2021 Recent Insider Transactions • Mar 09
Executive VP recently sold €100k worth of stock On the 3rd of March, Douglas Gulling sold around 5k shares on-market at roughly €20.08 per share. This was the largest sale by an insider in the last 3 months. This was Douglas' only on-market trade for the last 12 months. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS US$1.99 (vs US$1.75 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$80.4m (up 8.5% from FY 2019). Net income: US$32.7m (up 14% from FY 2019). Profit margin: 41% (up from 39% in FY 2019). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.20% (up from 2.95% in FY 2019). Cost-to-income ratio: 42.0% (down from 51.0% in FY 2019). Non-performing loans: 0.71% (up from 0.03% in FY 2019). Announcement • Mar 02
West Bancorporation, Inc., Annual General Meeting, Apr 29, 2021 West Bancorporation, Inc., Annual General Meeting, Apr 29, 2021, at 16:00 Central Standard Time. Location: David L. Miller Conference Center at the Company’s headquarters located at 1601 22nd Street, West Des Moines Iowa United States Agenda: To consider board changes; to approve the 2020 compensation of the company’s named executive officers; to consider the approval of the West Bancorporation, Inc. 2021 equity incentive plan; to ratify the appointment of RSM US LLP as the independent registered public accounting firm for 2021; and to consider any other matter thereof. Is New 90 Day High Low • Feb 25
New 90-day high: €19.26 The company is up 16% from its price of €16.66 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 06
New 90-day high: €18.02 The company is up 23% from its price of €14.60 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 29% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$1.99 (vs US$1.75 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$80.4m (up 8.5% from FY 2019). Net income: US$32.7m (up 14% from FY 2019). Profit margin: 41% (up from 39% in FY 2019). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.20% (up from 2.95% in FY 2019). Cost-to-income ratio: 42.0% (down from 51.0% in FY 2019). Is New 90 Day High Low • Jan 13
New 90-day high: €16.95 The company is up 20% from its price of €14.16 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 18% over the same period. Announcement • Dec 19
West Bancorporation, Inc. to Report Q4, 2020 Results on Jan 28, 2021 West Bancorporation, Inc. announced that they will report Q4, 2020 results Pre-Market on Jan 28, 2021 Is New 90 Day High Low • Dec 11
New 90-day high: €16.79 The company is up 20% from its price of €14.02 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €16.26 The company is up 11% from its price of €14.66 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$31.8m, up 12% from the prior year. Total revenue was US$79.0m over the last 12 months, up 8.7% from the prior year. Is New 90 Day High Low • Oct 24
New 90-day high: €15.03 The company is up 3.0% from its price of €14.61 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Banks industry, which is also up 3.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: €13.42 The company is down 8.0% from its price of €14.57 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. Announcement • Sep 22
West Bancorporation, Inc. to Report Q3, 2020 Results on Oct 29, 2020 West Bancorporation, Inc. announced that they will report Q3, 2020 results on Oct 29, 2020 
