West Bank parent reports record net income for 2018
BPC Staff Jan 24, 2019 | 6:42 pm
<1 min read time
88 wordsAll Latest News, Banking and Finance, InsuranceWest Bancorporation Inc. reported record profits of $28.5 million, or $1.74 per share, for 2018. In 2017, the West Des Moines bank holding company reported net income of $23.1 million, or $1.41 per share. Net income in the fourth quarter of 2018 was $7.2 million, up from $4.2 million in the prior year. “We believe the company’s ability to successfully execute our community banking initiatives has helped us reach another financial milestone as we report record earnings for 2018,” Dave Nelson, president and CEO, said in a statement.
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