Results met consensus with margin expansion and pristine credit quality. Monitor the 10-Q for loan yield trajectory and deposit cost trends given the September Fed rate hike. The sequential improvement in NIM and efficiency ratio suggests continued operational leverage.
Price Chart
Executive Summary
West Bancorporation reported Q3 2026 net income of $11.6 million ($0.67 diluted EPS), in line with the consensus estimate of $0.67. Net interest margin expanded 8 bps sequentially to 2.77% on a fully tax-equivalent basis, driven by higher loan yields and reduced wholesale funding costs. Credit quality remained pristine with no nonaccrual loans.
Key Financial Metrics
Key Facts
- Q3 2026 net income $11.6 million, up 5.0% sequentially and 24.8% YoY
- Diluted EPS $0.67, in line with consensus estimate of $0.67
- Net interest margin (FTE) 2.77%, up 8 bps from 2.69% in Q2 2026
- Net interest income $26.4 million, up from $25.5 million in Q2 2026
- No credit loss expense recorded; no nonaccrual loans at quarter end
- Efficiency ratio improved to 47.81% from 48.78% in Q2 2026
- Quarterly dividend declared $0.26 per share, payable Nov 25, 2026
Financial Impact
Net income $11.6M, EPS $0.67 in line with consensus; net interest margin expansion of 8 bps sequentially; no credit loss expense.
Risk Factors
- Deposit costs increased 3 bps sequentially; further rate hikes could pressure margins
- Loan balances declined $44.1M on average in Q3; loan growth trajectory warrants monitoring
- Uninsured deposits estimated at 28.5% of total deposits, a potential liquidity risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391270 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | 8-K | $30.04 | awaiting T+60 | awaiting T+60 | $29.91 (−0.43%) |
Sep 18, 2026 6w ago | Press Release | $29.27 | awaiting T+60 | awaiting T+60 | $29.91 (+2.19%) |
Jul 23, 2026 14w ago | 8-K | $27.19 $28.94 | ▲ +6.44% | ▲ +1.88% | $29.91 (+10.00%) |
Jun 19, 2026 19w ago | Press Release | $25.11 | awaiting T+60 | awaiting T+60 | $29.91 (+19.12%) |
Apr 23, 2026 27w ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Apr 23, 2026 27w ago | 8-K | $24.22 $26.96 | ▲ +11.29% | ▲ +6.27% | $29.91 (+23.47%) |
Mar 20, 2026 32w ago | Press Release | $22.51 $25.27 | ▲ +12.25% | ▼ −2.17% | $29.91 (+32.86%) |
Mar 12, 2026 33w ago | EFFECT | $23.10 $24.09 | ▲ +4.30% | ▼ −6.40% | $29.91 (+29.50%) |
Mar 3, 2026 34w ago | DEFA14A | $24.34 $23.92 | ▼ −1.74% | ▼ −12.06% | $29.91 (+22.87%) |
US Market Status
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