WTBA

Research · Apr 23, 2026

WTBA Q1: Can 33% EPS Growth and 2.59% NIM Sustain Through Rising Credit Costs?

West Bancorporation reported Q1 2026 diluted EPS of $0.61, up 33% year-over-year, with net interest margin at 2.59% and efficiency ratio at 49.85%. The board maintained its $0.25 quarterly dividend, representing a sustainable 41% payout ratio. The key question for Q2 is whether credit quality can sustain this earnings momentum as the loan book matures.