West Bancorporation (NASDAQ:WTBA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$19.0m (down 12% from 1Q 2023).

• Net income: US$5.81m (down 26% from 1Q 2023).

• Profit margin: 31% (down from 36% in 1Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.35 (down from US$0.47 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

West Bancorporation Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 30%.

The company's shares are up 2.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on West Bancorporation's balance sheet health.

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