WEST BANCORPORATION INC reported second-quarter 2026 results with net income of $11.1M, up from $8M a year earlier, driven by higher net interest income and improved efficiency as total revenue rose to $28.1M. Diluted EPS was $0.64 versus $0.47 in 2Q 2025.
Financial Highlights
- Revenue (total) was $28.1M for 2Q 2026, compared with $23.8M in 2Q 2025; YoY change 18.0%.
- Net income was $11.1M for 2Q 2026, compared with $8.0M in 2Q 2025; YoY change 38.8%.
- Diluted EPS was $0.64 for 2Q 2026, compared with $0.47 in 2Q 2025; YoY change 36.2%.
Business Highlights
- Revenue growth was driven by higher net interest income from improved loan and repo yields; MD&A reports NII (FTE) of $25.6M and noninterest income of $2.6M.
- The company increased use of securities purchased under agreements to resell as short-term liquidity while emphasizing core deposit growth in cash management strategies.
- Trust services revenue increased roughly 30%, reflecting asset and account growth and stronger traction in wealth management.
- Operational efficiency improved materially, with the efficiency ratio declining to about 48.8% from 56.5%, helped by lower FDIC expense and controlled noninterest costs.
Original SEC Filing:
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