From Investing.com:

West Bancorporation Inc. (WTBA) reported fourth-quarter earnings of $4.5 million, down from the previous quarter’s $5.9 million. The company experienced a loss of $431,000 from the sale of investment securities and a provision for credit losses of $500,000. Despite these challenges, the loan portfolio grew by 2.7% in the quarter to $2.93 billion, and credit quality remains strong with no loans past due over 30 days. The company is experiencing margin compression, but future Federal Reserve rate cuts could provide relief. Growth opportunities are identified in all markets served, with strong credit quality. However, there was a decline in net interest income year-over-year, non-interest expenses increased due to market and inflationary pressures, and the net interest margin decreased. Despite these challenges, West Bancorporation Inc. has demonstrated resilience in its loan portfolio and credit quality, positioning it to navigate the evolving economic landscape. According to InvestingPro, despite expectations of a net income drop this year, analysts remain optimistic about the company’s profitability, predicting that West Bancorporation will remain in the black for the current fiscal year. From a data standpoint, West Bancorporation’s market capitalization stands at a modest $329.65 million. The company’s price-to-earnings (P/E) ratio is 11.53 and its dividend yield is an attractive 5.13%, which could catch the eye of income-focused investors. West Bancorporation’s dividend payments have been maintained for an impressive 26 consecutive years, signaling a commitment to shareholder returns. The company’s strategic focus on maintaining strong customer relationships and expanding its presence in Minnesota, coupled with prudent risk management, positions it to navigate the evolving economic landscape.



Read more: West Bancorporation Inc. Q4 2023 Results By Investing.com