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West Bank reports record $11.8 million net income for first quarter


West Bancorporation Inc., parent company of West Bank, today reported that first quarter 2021 net income was $11.8 million, or 70 cents per diluted common share, compared with first quarter 2020 net income of $8.1 million, or 49 cents per share. On Wednesday, the company’s board declared a regular quarterly dividend of 24 cents per share, an increase of 2 cents from the prior quarter and representing a record high quarterly dividend for the company. “One year ago, the onset of the COVID-19 pandemic created significant economic uncertainty across the world,” said Dave Nelson, West Bancorporation president and CEO. “The strength of West Bank’s capital, credit quality and customer relationships provided a strong footing for navigating the economic uncertainties and operational difficulties created by the pandemic.” The company will discuss its financial results on a conference call scheduled for Friday at 10 a.m. The telephone number for the conference call is 888-339-0814.

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