Skip to main content

WEST BANCORPORATION INC

For the period ended Jun 30, 2026. Filed Jul 23, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 23, 2026

WTBA$30.53-0.6%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2026
or
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________

Commission File Number:0-49677

WEST BANCORPORATION, INC.

(Exact Name of Registrant as Specified in its Charter)

Iowa42-1230603
(State of Incorporation)(I.R.S. Employer Identification No.)
3330 Westown Parkway, West Des Moines, Iowa50266
(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code:(515) 222-2300

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, no par valueWTBAThe Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐
Accelerated filer☒
Non-accelerated filer☐
Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐ No☒

As of July 22, 2026, there were 17,043,743 shares of common stock, no par value, outstanding.

WEST BANCORPORATION, INC.

INDEX

Page
PART I. · FINANCIAL INFORMATION
Item 1.Financial Statements4
Consolidated Balance Sheets as of June 30, 2026 and December 31, 20254
Consolidated Statements of Income for the three and six months ended June 30, 2026 and 20255
Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2026 and 20256
Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2026 and 20257
Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 20259
Notes to Consolidated Financial Statements10
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations32
"Safe Harbor" Concerning Forward-Looking Statements32
Critical Accounting Policies33
Non-GAAP Financial Measures34
Overview35
Results of Operations37
Financial Condition46
Item 3.Quantitative and Qualitative Disclosures About Market Risk49
Item 4.Controls and Procedures50
PART II.OTHER INFORMATION
Item 1.Legal Proceedings50
Item 1A.Risk Factors50
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50
Item 3.Defaults Upon Senior Securities50
Item 4.Mine Safety Disclosures50
Item 5.Other Information50
Item 6.Exhibits50
Signatures52
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.