West Bancorporation reported third quarter 2026 net income of $11.6 million, representing a 24.8% increase compared to the same period last year. While earnings per share met analyst expectations exactly, total revenue of $29.12 million slightly exceeded estimates. The results were characterized by continued margin expansion and exceptional asset quality, with the company recording no loans on nonaccrual status or past due more than 30 days.
Key Highlights
- Net interest margin (fully tax-equivalent) expanded to 2.77%, up from 2.69% in the prior quarter and 2.36% in the prior year.
- Credit quality remains a primary strength, marking the ninth consecutive quarter with zero loans greater than 30 days past due and no nonaccrual loans.
- The efficiency ratio improved significantly to 47.81% from 54.06% a year ago, driven primarily by the growth in tax-equivalent net interest income.