West Bancorporation Reports 35% Increase in Q1 Net Income
West Bancorporation reported a 35% year-over-year increase in Q1 net income to $10.6 million, driven by higher net interest income and an expanding net interest margin. Management expects margin improvements from $250 million in loan and investment repricing over the next year, and credit quality remains strong with no delinquencies over 30 days.
Tickers: $WTBA
Topics: Credit Quality Earnings Loan Performance Net Income Net Interest Margin