West Bancorporation Q2 Earnings Report
West Bancorporation Reports Strong Second Quarter 2025 Earnings, Dividend Declared
Table of Contents
West Bancorporation, the parent company of West Bank, has announced its financial results for the second quarter of 2025, showcasing a period of robust performance and growth. The Iowa and Minnesota-based financial institution reported a significant increase in net income compared to the previous year, alongside a healthy rise in deposits and a declared quarterly dividend for its stockholders.
Key Financial Highlights for Q2 2025
In the second quarter, which concluded on June 30, 2025, West Bancorporation achieved a net income of nearly $8 million, translating to 47 cents per diluted common share. This marks a notable improvement from the first quarter’s net income of $7.8 million (46 cents per diluted share) and a considerable leap from the $5.2 million (31 cents per diluted share) reported in the same quarter last year.
Deposit Growth and Mix
A significant contributor to the bank’s strong performance was a $67.5 million increase in deposits. Total deposits grew from $3.325 billion in the first quarter to $3.392 billion in the second quarter. West Bank’s deposit base is well-diversified, with a healthy mix of account types:
Savings and Money Market Accounts: 52% of funds
Non-Interest-Bearing Accounts: 15% of funds
Interest-Bearing Demand Accounts: 14% of funds
Timed Accounts (e.g., Certificates of Deposit): 13% of funds
* Brokered Accounts: 6% of funds
This diverse deposit structure provides a stable funding base for the bank’s operations and lending activities.
Loan Portfolio Performance
While the overall loan balance saw a slight decrease of $50.1 million in the second quarter, bringing the total to $2.935 billion from $2.985 billion in the first quarter,officials attributed this to reductions in commercial and commercial real estate loans. Despite this, the bank’s leadership expressed confidence in the performance of its tenant office properties.
“Our tenant office properties are performing well,” stated a representative. “Some have leases that will expire, and their future health will depend on keeping our tenants.” This indicates a proactive approach to tenant retention and a focus on maintaining the quality of the bank’s real estate portfolio.
Dividend Declaration
In recognition of its strong financial performance, West Bancorporation declared a quarterly dividend of 25 cents per share. This dividend is set to be payable to stockholders of record on August 20,2025,reflecting the company’s commitment to returning value to its shareholders.
West Bancorporation operates 11 locations across Iowa and Minnesota, serving its communities with a range of financial products and services. For more detailed facts on West Bancorporation’s second-quarter 2025 financial results, interested parties can refer to the official press release available here.