West Bancorporation · NASDAQ:WTBA
West Bancorporation — Q1 2026 Earnings Presentation
17 slides from West Bancorporation's earnings presentation, Apr 23, 2026
Slide 1: Q1 2026 Earnings Highlights
NASDAQ: WTBA Q1 2026 | Earnings Highlights 1
Slide 2: Disclaimers
Disclaimers Certain statements in this presentation, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-loo
Slide 3: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights 1Q 2026 NASDAQ: WTBA Total Assets $4.0 billion March 31, 2026 Gross Loans $3.0 billion Closing Price $23.79 Total Deposits $3.3 billion Net Income $10.6 million $26.26 1Q 2026 Price Range $21.66 to $26.60 Annualized ROAA 1.06% Annualized ROAE 15.91% Cash Dividend Per Sha
Slide 4: Company Profile and Mission
Company Profile and Mission Mission Our mission is to build strong relationships, build strong communities, and build upon our strong reputation to ensure our clients receive exceptional care, our communities receive outstanding support, and the loyalty of our employees and stockholders is rewarded.
Slide 5: Experienced Executive Leadership
Experienced Executive Leadership David D. Nelson Jane M. Funk Director/Chief Executive Officer/President Chief Financial Officer Executive Vice President/Treasurer Joined West Bank in 2010 Years in Banking: 43 Joined West Bank in 2014 Years in Banking & Public Accounting: 36 Prior to joining the Com
Slide 6: Conservative Organic Growth with Successful Lift-Out Strategies
Conservative Organic Growth with Successful Lift-Out Strategies 2010 David Nelson joins West Bancorporation, Inc. as CEO. Entered the Rochester, Minnesota market by hiring experienced bankers who had existing strong relationships with local business owners and creating an advisory 2013 community boa
Slide 7: Company Highlights – Commitment to Excellence
Company Highlights – Commitment to Excellence West Bancorporation, Inc. is a high performing company in U.S. community banking, well-versed in providing commercial banking services, including loans and lines of credit and all types of deposit services, to small- and medium-sized businesses in its Io
Slide 8: Company Highlights – Commitment to Excellence
Company Highlights – Commitment to Excellence West Bank is a commercially-focused financial institution operating in high quality markets in Iowa and Minnesota led by a deep and experienced management team with skills developed internally and with other large regional banking institutions. • Strict
Slide 9: 1Q 2026 Income Statement Highlights
1Q 2026 Income Statement Highlights (in thousands) For the Quarter Ended Linked Quarter Comments Q1 '25 Q4 '25 Q1 '26 Q4 '25 vs. Q1 '26 Net interest income $ 20,855 $ 24,206 $ 24,385 Increase primarily due to decreases in rates on deposits and average deposit balances, Net interest margin(1) 2.28 %
Slide 10: Net Interest Income
Net Interest Income Quarterly Highlights • Net interest income increased $0.2 million and net interest margin increased 12 bps in Q1 2026 Net Interest Income compared to Q4 2025. Increases were primarily ($ in millions) driven by decreases in rates on deposits and average deposit balances. $24.2 $24
Slide 11: Loans
Loans Loans Quarterly Highlights ($ in millions) • Loans decreased $10.1 million in Q1 $3,016 2026, primarily due to a decrease in $3,002 $2,992 construction loans, partially offset by $2,990 $2,983 $2,971 increases in 1-4 family and commercial $2,960 real estate loans. We continue to experience loa
Slide 12: Loan Mix
Loan Mix Loan Mix as of March 31, 2026 Total Construction and Development and Commercial Real Estate Loans at March 31, 2026 Balance ($ in Sector thousands) Multifamily $ 589,461 Consumer and other, 2% Warehouse & trucking terminals 258,497 C & I, 16% Hotels 249,549 C & D, 13% Retail 223,835 1-4 Fam
Slide 13: Credit Quality
Credit Quality Net Charge-Offs (Recoveries) Substandard Loans ($ in thousands) ($ in millions) $24 $2 $(13) $(9) $0.2 $(94) $0.0 $0.0 $0.0 $0.0 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses Nonaccrual Loans ($ in millions) ($ in millions) $30.5 $30.5 $30.5 $30.5 $30.5
Slide 14: Deposits
Deposits Deposits Quarterly Highlights ($ in millions) • Total deposits decreased $133.5 million in $3,419 $3,468 Q1 2026. The decline in deposits was due $3,354 $3,334 $3,348 $3,335 $3,284 to normal cash flow fluctuations of our 3.19% core depositors. 3.15% 3.17% • Brokered deposits decreased $38.1
Slide 15: Funding and Liquidity
Funding and Liquidity Overall Funding Costs Sources of Liquidity ($ in millions) ($ in thousands) 3.25% 3.28% 3.26% 3.02% 2.90% Cash and cash equivalents $ 361,978 $3,806 Unpledged securities 47,027 $3,676 $3,745 $3,723 $3,724 $388 FHLB borrowing availability 673,525 $392 $391 $389 $376 $2,894 Unsec
Slide 16: Regulatory Capital Ratios
Regulatory Capital Ratios Total Risk-Based Capital Ratio Tier 1 Capital Ratio 13.2% 13.2% 13.4% 13.5% 12.9% 12.5% 12.5% 12.8% 13.0% 12.4% 12.6% 12.2% 12.0% 12.3% 12.3% 10.1% 10.4% 9.6% 9.9% 9.9% 10% 8% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Common Equity Tier 1 Ratio Tier 1 Leverage Ratio
Slide 17: Appendix Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures (in thousands) As of and for the Quarter Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Reconciliation of net interest income and net interest margin on a FTE basis to GAAP: Net interest income (GAAP) $ 24,385 $ 24,206 $ 22