West Bancorporation Q1 Profit Tops View; Boosts Dividend

(RTTNews) - West Bancorporation Inc.(WTBA) posted first-quarter net income of $4.40 million or $0.27 per share, compared to $3.95 million or $0.23 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.25 per share. Analysts' estimates typically exclude special items.

Net-interest income for the latest first quarter was $11.8 million, up from $10.8 million in the prior year period, while total non-interest income rose to $2.55 million from $2.22 million last year. Analysts expected revenue of $13.67 million for the quarter.

Further, the company said its Board of Directors increased the quarterly dividend to $0.12 per share. It had been $0.11 per share for the past three quarters. The dividend is payable on May 27, 2014, to shareholders of record on May 7, 2014.