West Bancorporation, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 23, 2020 at 01:16 pm
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West Bancorporation, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 17.387 million compared to USD 15.656 million a year ago. Net income was USD 7.607 million compared to USD 7.227 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.44 a year ago. For the full year, net interest income was USD 66.430 million compared to USD 62.058 million a year ago. Net income was USD 28.690 million compared to USD 28.508 million a year ago.
West Bancorporation, Inc., is a financial holding company. The Company owns West Bank (the Bank), which is a business-focused community bank. The Bank provides full-service community banking and trust services to customers. The Bank offers range of credit to its customers, including commercial, real estate, and consumer loans. It also offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. The Company operates in the markets, including central Iowa, which is generally the greater Des Moines metropolitan area; eastern Iowa, which includes the area surrounding Iowa City and Coralville, and southern Minnesota, which includes the cities of Rochester, Owatonna, Mankato, and St. Cloud. The Bank offers a full range of deposit services, including checking, savings and money market accounts and time certificates of deposit. It also offers online banking, mobile banking, and treasury management services.