West Bancorporation Declares $0.25 Quarterly Dividend
West Bancorporation, Inc., parent company of West Bank, declared a $0.25 per share quarterly dividend on April 22, 2026. The dividend yields 4.20% based on the company's recent closing price.
West Bancorporation, Inc. (NASDAQ: WTBA), a financial holding company headquartered in West Des Moines, Iowa, declared a regular quarterly dividend of $0.25 per common share on April 22, 2026. The dividend will be paid to shareholders of record as of May 6, 2026. Read more dividend announcements.
The dividend represents a 4.20% annualized yield based on the company's March 31, 2026 closing price of $26.26. West Bancorporation is the parent company of West Bank, a commercial bank with 11 branches serving the greater Des Moines area, eastern Iowa, and southern Minnesota.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.25 |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Frequency | Quarterly |
First Quarter Performance
The dividend announcement accompanied the company's first quarter 2026 financial results. West Bancorporation reported net income of $10.6 million, or $0.61 per diluted share, for the quarter ended March 31, 2026. That compared with $7.4 million, or $0.43 per diluted share, in the fourth quarter of 2025 and $7.8 million, or $0.46 per diluted share, in the first quarter of 2025.
The company's annualized return on average assets stood at 1.06% and return on average equity reached 15.91% for the quarter. Net interest margin on a fully taxable equivalent basis was 2.59%.
Total assets reached $4.0 billion at quarter-end, with gross loans of $3.0 billion and total deposits of $3.3 billion. The company reported zero nonperforming assets relative to total assets, marking its seventh consecutive quarter-end with no loans greater than 30 days past due.
President and Chief Executive Officer David Nelson said net income increased 34.8% in the first quarter of 2026 compared with the same period a year earlier. He cited the company's expanding net interest margin and relationship-building strategies as drivers of improved profitability.
Loans decreased $10.1 million, or 0.3%, during the first quarter. The company attributed the decline to loan payoffs resulting from secondary market refinancings and asset and business sales. West Bancorporation recorded no credit loss expense on loans during the quarter.
The company's stock traded in a range of $21.66 to $26.60 during the first quarter. West Bank was founded in 1893 and serves clients in the greater Des Moines area, Iowa City, Coralville, and southern Minnesota markets including Rochester, Owatonna, Mankato, and St. Cloud.