West Bancorporation Inc. Reports Strong Q3 Earnings with Record Loan Growth
West Bancorporation Inc., a leading financial institution, reported impressive third-quarter earnings on October 29th, 2026, with significant loan growth and robust performance metrics.
In his prepared remarks, Dave Nelson, CEO of West Bank, highlighted the company's strong quarter, citing an increase in earnings per share as expected. Notably, the board of directors approved a $0.26 per share quarterly dividend payable to shareholders on November 25th. While loan growth was flat this year due to customers selling assets, there are signs that this trend may subside in 2027.
Harlee Olafson, Chief Risk Officer, emphasized the company's strong credit quality, stating that West Bank has zero past dues over 30 days, no other real estate loans, and no non-accruals. The watch list accounts for only 0.6% of total loans, with most credits in the transportation business.
Brad Winterbottom, Bank President, reported a notable increase in loan portfolio outstandings by 1.5% compared to the second quarter, reaching $3 billion. This is the first time in five quarters that West Bank has experienced an increase in outstandings from quarter to quarter. While customers are selling assets to gain liquidity, they are not leaving the bank.
Brad Peters, Minnesota Group President, provided a brief update on the company's expansion into Minnesota, highlighting the strong presence of each regional center and diverse businesses driving their respective economies.
The call highlighted West Bank's solid loan pipeline, favorable market conditions, and continued emphasis on deposit gathering sales efforts. The company's performance metrics continue to strengthen, with no credit problems for a very long time.
As reported by the Chief Risk Officer, the company's diversified commercial real estate portfolio continues to perform as expected. With a robust pipeline and new closed business accelerating, West Bank remains optimistic about future growth prospects.
The call concluded with an emphasis on West Bank's commitment to maintaining strong underwriting standards, prioritizing customers' balance sheets, global cash flow, and liquidity.
West Bancorporation Inc.'s Q3 earnings call demonstrated the company's resilience and adaptability in a challenging economic and political landscape. With a solid loan pipeline, favorable market conditions, and continued emphasis on deposit gathering sales efforts, West Bank is well-positioned for future growth and success.
