West Bancorporation, Inc. reported a net income of $32.6 million for the fiscal year ending December 31, 2025, a significant increase from $24.1 million in 2024. This translates to basic and diluted earnings per share of $1.92, up from $1.43 in the previous year. The company's total assets grew to $4.14 billion, reflecting a 3.2% increase from $4.01 billion in 2024. Total deposits also rose to $3.47 billion, marking a 3.3% increase from $3.36 billion in the prior year. The net interest income for 2025 was reported at $89.0 million, a 24.7% increase from $71.4 million in 2024, primarily driven by higher interest income on loans and a decrease in interest expense on deposits.
In terms of operational changes, West Bancorporation's loan portfolio saw a slight decline, totaling $3.00 billion at the end of 2025, down from $3.00 billion in 2024. The company maintained a strong credit quality, with nonperforming assets remaining at 0.00% of total assets. The allowance for credit losses was $30.5 million, or 1.02% of outstanding loans, compared to $30.4 million, or 1.01%, in the previous year. The company did not record any credit loss expense in 2025, contrasting with a $1,000 expense in 2024.
Strategically, West Bancorporation continues to focus on expanding its customer relationships while maintaining strong credit quality. The company operates through 11 locations across central and eastern Iowa and southern Minnesota, with a significant emphasis on commercial real estate lending. The competitive landscape remains challenging, with West Bank ranking seventh in Iowa for deposit share, competing against various financial institutions, including credit unions and fintech companies.
Looking ahead, West Bancorporation expressed confidence in its capital position, with a tangible common equity ratio of 6.42% as of December 31, 2025, compared to 5.68% in 2024. The company plans to continue paying regular quarterly dividends, having declared a $0.25 dividend for the first quarter of 2026. Management remains optimistic about future growth opportunities, although it acknowledges potential risks related to market conditions, interest rate fluctuations, and competition in the banking sector.
About WEST BANCORPORATION INC
West Bancorporation, Inc. is a financial holding company owning West Bank, a community bank providing full-service banking, trust, and financial services. Operating primarily in Iowa and Minnesota, it serves small- to medium-sized businesses and individuals with loans, deposits, online banking, and treasury services. The company emphasizes strong customer relationships, local market expertise, sound risk management, and regulatory compliance within a competitive banking industry.
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