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West Bancorporation (WTBA)
NASDAQ:WTBA
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.27Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 4.92%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there were improvements in credit quality, deposit growth, and net interest margin, challenges remain with loan growth, the interest rate environment, and year-over-year net income decline.Company Guidance
During the West Bancorporation Third Quarter 2024 Earnings Conference Call, several key metrics and guidance were discussed. Jane Funk, CFO, reported a net income of $6 million for the quarter, compared to $5.2 million in the previous quarter and $6 million in the same quarter of 2023. The bank experienced a 3.5% growth in core deposits and a 3.2% increase in the loan portfolio, now totaling over $3 billion. Additionally, the bank declared a quarterly dividend of $0.25 per share. The net interest margin improved by 5 basis points, benefiting from a 50 basis point reduction in the Fed rate. The loan portfolio showed strength, with only one past due loan, and the bank maintained strong credit quality. Looking forward, the bank anticipates filling gaps from some expected loan payoffs with new opportunities.Stable Credit Quality
Credit quality remains very strong with no problems. There are 0 past dues in the commercial real estate portfolio.
Dividend Announcement
The Board of Directors has declared a $0.25 per share quarterly dividend to shareholders of record as of November 6 and payable on November 20.
Core Deposit Growth
Core deposit balances have increased 7% year-to-date, with 3.5% growth attributed to a mix of public funds, commercial, and retail activity.
Net Interest Margin Improvement
Net interest margin increased by 5 basis points this quarter compared to the second quarter of 2024.
Net Income Increase
Net income for the quarter was $6 million, an increase from $5.2 million in the second quarter of 2024.
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WTBA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WTBA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $20.34 | $20.44 | +0.49% |
| Jul 25, 2024 | $20.70 | $20.37 | -1.59% |
| Apr 25, 2024 | $16.19 | $15.97 | -1.36% |
| Jan 25, 2024 | $19.34 | $18.46 | -4.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does West Bancorporation (WTBA) report earnings?
West Bancorporation (WTBA) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is West Bancorporation (WTBA) earnings time?
West Bancorporation (WTBA) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTBA EPS forecast?
WTBA EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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