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- **16% QoQ Earnings Surge**: Driven by loan repricing and margin expansion.
- **Pristine Credit Quality**: No past-due loans, reinforcing dividend sustainability.
- **Minnesota Market Share Grab**: M&A-driven growth, but pipeline cautiousness.
- **Deposit Beta Flexibility**: Competitive pressure on post-Fed rate cuts.
- **2026 Repricing Tailwinds**: $550M fixed-rate loans set to reprice.


**【CEO Summary Section】**
- CEO David Nelson highlighted a 16% quarter-over-quarter earnings increase and a 55% year-over-year improvement, driven by margin expansion and loan repricing.
- Credit quality remains pristine with no past-due loans, and dividend growth is expected to continue into 2026.

**【CFO Financial Commentary】**
- CFO Jane Funk reported net income of $9.3 million, up from $8 million in the prior quarter.
- Loan yield improved to 5.66%, with fixed-rate loans repricing over the next 12 months.
- Deposit beta flexibility will depend on competitive pressures post-Fed rate cuts.

**【Q&A Key Highlights】**
- **Loan Growth Pipeline**: Minnesota branch M&A-driven market share gains, with 6% annualized growth.
- **Deposit Strategy**: $50 million municipal deposit targets, backed by investment portfolio cash flows.
- **Tax Rate Outlook**: 2026 effective tax rate expected to normalize near 2025 levels.
- **Credit Risk**: Ag sector distress insulated by non-agricultural customer base.


West Bancorporation, Inc. (WTBA) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WTBA

WTBA fundamentals

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