West Bancorporation (WTBA) investor relations material

Executive summary

• Q3 2026 net income was $11.628 million, up 24.8% YoY and 5.01% QoQ; diluted EPS was $0.67. Nine-month net income rose 32% YoY to $33.273 million.

• Assets totaled $3.892 billion, loans $2.995 billion and deposits $3.27 billion at September 30, 2026; nonperforming assets were 0.00% of assets.

• Profitability gains reflected margin expansion and expense discipline; capital and liquidity were strong, with no nonaccrual loans at quarter-end.

Financial highlights

• Q3 GAAP net interest income was $26.370 million, up 17.2% YoY; nine-month net interest income was $76.276 million, up 17.8%.

• Q3 noninterest income, excluding securities losses, was $2.745 million, up 9.7% YoY; trust services revenue rose 33.1%.

• Q3 noninterest expense rose 3.0% YoY to $13.961 million; nine-month expense rose 2.7% to $41.193 million. No loan or unfunded-commitment credit-loss expense was recorded in either 2026 period.

• Deposits decreased $74.3 million in Q3 and $197.824 million from year-end 2025; quarterly average deposits declined $12.2 million.

Outlook and guidance

• About $550 million of fixed-rate loans are due to reprice over the next 12 months at a weighted-average rate near 450 bps; new production yields are in the high sixes.

• Asset repricing is expected to offset some deposit-cost pressure; rate hikes may slow margin improvement, but a margin squeeze is not anticipated.

• The Q4 loan pipeline was described as very positive, with roughly $30 million of known payoffs through year-end; future activity depends on transactions and relationships closing.

• Q4 expense levels are expected to remain similar to the pattern seen through 2026; technology and product spending may increase in 2027–2028, with specifics under review.