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West Bank posts lower third-quarter earnings


West Bancorporation Inc., the West Des Moines-based parent company of West Bank, on Thursday reported third-quarter net income of $11.6 million, or 69 cents per diluted common share, down from year-ago net income of $12.7 million, or 76 cents per diluted common share. For the first nine months of 2022, net income was $37.5 million, or $2.23 per diluted common share, compared with $37.7 million, or $2.25 per share, for the same period in 2021. The company’s board of directors declared a regular quarterly dividend of 25 cents per common share, payable Nov. 23 to stockholders of record on Nov. 9.

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