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Westamerica Bancorporation (WABC) Financials

Westamerica Bancorporation logo
$47.58 +0.07 (+0.15%)
Closing price 08/8/2025 04:00 PM Eastern
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$47.58 0.00 (0.00%)
As of 08/8/2025 04:10 PM Eastern
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Annual Income Statements for Westamerica Bancorporation

Annual Income Statements for Westamerica Bancorporation

This table shows Westamerica Bancorporation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 61 59 59 50 371 80 80 87 122 162 139
Consolidated Net Income / (Loss)		 61 59 59 50 72 80 80 87 122 162 139
Net Income / (Loss) Continuing Operations		 61 59 59 50 371 80 80 87 122 162 139
Total Pre-Tax Income 		79 77 80 87 91 105 107 117 166 222 189
Total Revenue		 189 182 180 193 497 204 210 215 265 324 294
Net Interest Income / (Expense)		 137 134 134 136 150 157 164 171 220 280 251
Total Interest Income		 140 137 136 138 152 159 166 173 222 284 268
Loans and Leases Interest Income		 89 78 69 62 59 58 59 58 50 47 45
Investment Securities Interest Income		 51 58 65 72 85 94 105 115 164 226 203
Deposits and Money Market Investments Interest Income		 - - 1.87 4.48 7.93 6.99 1.17 1.13 7.79 11 20
Total Interest Expense		 3.44 2.42 2.12 1.90 1.96 1.89 1.82 1.96 1.93 3.89 17
Deposits Interest Expense		 2.89 2.37 2.08 1.86 1.92 1.85 1.77 1.88 1.85 3.77 11
Long-Term Debt Interest Expense		 0.41 0.00 - - - - - - 0.00 0.00 5.81
Federal Funds Purchased and Securities Sold Interest Expense		 0.06 - - - - - - - 0.08 0.12 0.67
Total Non-Interest Income		 52 48 47 57 48 47 46 43 45 44 43
Other Service Charges		 48 44 4.82 5.51 -146 4.00 4.00 2.93 3.02 3.23 4.37
Net Realized & Unrealized Capital Gains on Investments		 - 0.00 0.00 7.96 -0.05 0.22 3.61 0.03 0.00 -0.13 0.00
Other Non-Interest Income		 0.76 0.70 42 43 194 43 38 40 42 40 39
Provision for Credit Losses		 2.80 0.00 -3.20 -1.90 0.00 0.00 4.30 0.00 0.00 -1.15 0.30
Total Non-Interest Expense		 107 105 104 108 107 99 99 98 99 103 104
Salaries and Employee Benefits		 55 52 52 52 53 51 51 48 46 48 50
Net Occupancy & Equipment Expense		 28 28 28 28 29 30 29 29 30 30 31
Other Operating Expenses		 20 21 21 24 23 18 16 18 18 19 18
Other Special Charges		 - - - - - - 2.44 2.62 5.72 5.75 5.19
Income Tax Expense		 18 18 21 37 19 25 26 31 44 60 50
Basic Earnings per Share		 $2.32 $2.30 $2.30 $1.90 $2.69 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20
Weighted Average Basic Shares Outstanding		 26.10M 25.56M 25.61M 26.29M 26.65M 26.96M 26.94M 26.86M 26.90M 26.70M 26.69M
Diluted Earnings per Share		 $2.32 $2.30 $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20
Weighted Average Diluted Shares Outstanding		 26.16M 25.58M 25.68M 26.42M 26.76M 27.01M 26.96M 26.87M 26.91M 26.71M 26.69M
Weighted Average Basic & Diluted Shares Outstanding		 26.10M 25.50M 25.60M 26.30M 26.89M 27.10M 26.81M 26.87M 26.91M 26.67M 26.71M
Cash Dividends to Common per Share		 $1.52 $1.53 $1.56 $1.57 $1.60 $1.63 $1.64 $1.65 $1.68 $1.72 $1.76

Quarterly Income Statements for Westamerica Bancorporation

This table shows Westamerica Bancorporation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 35 39 40 40 42 39 36 35 35 32 31
Consolidated Net Income / (Loss)		 35 39 40 40 42 39 36 35 35 32 31
Net Income / (Loss) Continuing Operations		 35 39 40 40 42 39 36 35 35 32 31
Total Pre-Tax Income 		47 54 55 55 57 55 49 48 48 44 42
Total Revenue		 72 79 80 81 83 80 76 77 74 67 66
Net Interest Income / (Expense)		 60 69 69 70 72 69 66 64 62 59 56
Total Interest Income		 61 69 70 70 73 71 69 69 68 62 59
Loans and Leases Interest Income		 12 12 12 12 12 12 11 11 11 11 11
Investment Securities Interest Income		 46 54 56 57 57 57 55 53 50 46 42
Deposits and Money Market Investments Interest Income		 2.74 2.57 1.94 2.11 3.93 2.69 2.28 4.96 6.76 5.66 6.70
Total Interest Expense		 0.49 0.48 0.47 0.61 1.13 1.68 3.00 5.31 5.65 3.47 3.40
Deposits Interest Expense		 0.47 0.46 0.46 0.58 1.10 1.64 2.11 2.46 3.11 3.26 3.23
Long-Term Debt Interest Expense		 - - 0.00 - 0.00 - 0.84 - 2.28 - 0.00
Federal Funds Purchased and Securities Sold Interest Expense		 - - 0.01 0.03 0.04 0.04 0.05 0.16 0.25 0.20 0.17
Total Non-Interest Income		 12 10 11 11 11 11 10 11 12 11 10
Other Service Charges		 0.69 1.07 0.99 0.77 11 -9.53 0.75 0.79 12 -8.90 0.73
Other Non-Interest Income		 11 9.40 9.56 10 0.28 21 9.34 9.71 0.20 20 9.59
Provision for Credit Losses		 0.00 - -1.55 0.00 0.40 - 0.30 0.00 0.00 - -0.55
Total Non-Interest Expense		 25 25 26 26 26 26 26 26 26 26 25
Salaries and Employee Benefits		 11 11 12 12 12 12 13 12 13 12 12
Net Occupancy & Equipment Expense		 7.50 7.61 7.93 7.50 7.54 7.40 7.58 7.67 7.87 7.83 7.74
Other Operating Expenses		 4.53 4.57 4.78 6.51 6.29 1.64 4.50 8.67 5.68 -0.87 4.35
Other Special Charges		 1.43 1.43 1.43 - - - 1.44 - - - 0.92
Income Tax Expense		 13 15 15 14 15 15 13 13 13 12 11
Basic Earnings per Share		 $1.29 $1.47 $1.51 $1.51 $1.56 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16
Weighted Average Basic Shares Outstanding		 26.91M 26.90M 26.86M 26.65M 26.65M 26.70M 26.67M 26.68M 26.69M 26.69M 26.64M
Diluted Earnings per Share		 $1.29 $1.47 $1.51 $1.51 $1.56 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16
Weighted Average Diluted Shares Outstanding		 26.92M 26.91M 26.87M 26.65M 26.65M 26.71M 26.68M 26.68M 26.69M 26.69M 26.64M
Weighted Average Basic & Diluted Shares Outstanding		 26.91M 26.91M 26.65M 26.65M 26.65M 26.67M 26.68M 26.69M 26.69M 26.71M 26.18M
Cash Dividends to Common per Share		 $0.42 $0.42 $0.42 $0.42 $0.44 $0.44 $0.44 $0.44 $0.44 $0.44 $0.44

Annual Cash Flow Statements for Westamerica Bancorporation

This table details how cash moves in and out of Westamerica Bancorporation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -91 52 29 113 -155 -47 248 511 -838 -104 411
Net Cash From Operating Activities		 82 70 78 81 97 81 108 89 114 158 142
Net Cash From Continuing Operating Activities		 82 70 78 81 97 81 108 89 114 158 142
Net Income / (Loss) Continuing Operations		 61 59 59 50 72 80 80 87 122 162 139
Consolidated Net Income / (Loss)		 61 59 59 50 72 80 80 87 122 162 139
Provision For Loan Losses		 2.80 0.00 -3.20 -1.90 0.00 0.00 4.30 0.00 0.00 -1.15 0.30
Depreciation Expense		 16 16 20 26 24 21 23 17 17 12 10
Amortization Expense		 -0.28 -0.31 -0.34 -0.05 -0.20 -0.26 -4.44 -5.58 -1.70 -0.57 -0.27
Non-Cash Adjustments to Reconcile Net Income		 -0.42 0.85 0.71 -6.93 1.16 1.09 -1.80 1.39 0.38 1.20 -0.09
Changes in Operating Assets and Liabilities, net		 4.06 -5.29 1.68 14 -0.29 -21 6.63 -10 -24 -15 -7.41
Net Cash From Investing Activities		 -295 -102 -197 -73 -254 -22 -749 -306 -631 547 716
Net Cash From Continuing Investing Activities		 -295 -102 -197 -73 -254 -22 -749 -306 -631 547 716
Purchase of Property, Leasehold Improvements and Equipment		 -3.79 -4.47 -1.82 -2.72 -3.12 -3.99 -2.20 -1.32 -0.81 -1.16 -1.74
Purchase of Investment Securities		 -1,194 -1,385 -1,328 -636 -855 -971 -2,103 -1,909 -1,355 -2.33 -21
Sale and/or Maturity of Investments		 902 1,287 1,133 565 604 952 1,352 1,605 725 551 738
Net Cash From Financing Activities		 122 84 149 105 2.22 -105 889 728 -320 -809 -446
Net Cash From Continuing Financing Activities		 122 84 149 105 2.22 -105 889 728 -320 -809 -446
Net Change in Deposits		 186 191 164 123 39 -54 875 726 -189 -751 -462
Repayment of Debt		 -10 -57 - -0.61 -7.22 - - 44 - - 62
Repurchase of Common Equity		 -52 -15 -5.42 -0.31 -0.52 -0.49 -16 -0.23 -0.22 -14 -0.34
Payment of Dividends		 -40 -39 -40 -41 -43 -44 -44 -44 -45 -46 -47
Other Financing Activities, Net		 11 3.21 24 25 13 14 2.84 3.02 2.26 0.95 1.49
Cash Interest Paid		 3.82 2.53 2.20 1.93 1.93 1.90 1.83 2.03 1.94 3.90 17
Cash Income Taxes Paid		 16 18 19 17 14 24 26 28 40 64 57

Quarterly Cash Flow Statements for Westamerica Bancorporation

This table details how cash moves in and out of Westamerica Bancorporation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -340 -119 -99 71 154 -230 244 52 17 99 126
Net Cash From Operating Activities		 29 42 55 53 59 -7.98 52 19 41 30 42
Net Cash From Continuing Operating Activities		 29 42 55 53 59 -7.98 52 19 41 30 42
Net Income / (Loss) Continuing Operations		 35 39 40 40 42 39 36 35 35 32 31
Consolidated Net Income / (Loss)		 35 39 40 40 42 39 36 35 35 32 31
Provision For Loan Losses		 - - -1.55 - 0.40 - 0.30 - - - -0.55
Depreciation Expense		 3.23 2.83 3.04 2.71 3.01 3.01 2.96 2.85 2.42 2.17 2.01
Amortization Expense		 -0.37 -0.26 -0.13 -0.14 -0.16 -0.15 -0.15 -0.16 -0.05 0.08 0.08
Non-Cash Adjustments to Reconcile Net Income		 -0.58 0.29 0.34 0.46 0.06 0.34 0.36 0.41 -1.20 0.34 0.20
Changes in Operating Assets and Liabilities, net		 -7.58 -0.38 13 9.30 14 -51 12 -20 4.32 -4.52 9.62
Net Cash From Investing Activities		 -397 139 172 168 137 70 131 218 222 145 258
Net Cash From Continuing Investing Activities		 -397 139 172 168 137 70 131 218 222 145 258
Purchase of Property, Leasehold Improvements and Equipment		 -0.22 0.00 -0.51 -0.08 -0.31 -0.26 -0.12 -0.46 -0.49 -0.67 -0.20
Purchase of Investment Securities		 -544 -17 -2.19 -0.13 - - 0.00 -4.77 -8.87 -7.10 -39
Sale and/or Maturity of Investments		 148 156 174 168 137 71 131 223 231 153 297
Net Cash From Financing Activities		 28 -300 -326 -150 -41 -293 61 -185 -246 -76 -175
Net Cash From Continuing Financing Activities		 28 -300 -326 -150 -41 -293 61 -185 -246 -76 -175
Net Change in Deposits		 80 -270 -326 -193 -6.91 -225 -119 -223 -66 -53 -138
Issuance of Debt		 - - 25 - - - 192 - - - -7.10
Repurchase of Common Equity		 - - -14 - - - -0.21 - - -0.13 -18
Payment of Dividends		 -11 -11 -11 -11 -12 -12 -12 -12 -12 -12 -12
Cash Interest Paid		 0.50 0.51 0.44 0.60 1.12 1.74 1.99 2.61 9.22 3.62 3.24

Annual Balance Sheets for Westamerica Bancorporation

This table presents Westamerica Bancorporation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 5,036 5,169 5,366 5,513 5,569 5,620 6,748 7,461 6,950 6,365 6,076
Cash and Due from Banks		 381 433 462 575 420 373 621 1,132 294 190 601
Trading Account Securities		 2,639 2,886 3,237 3,352 3,639 3,079 4,063 4,639 4,332 4,878 4,240
Loans and Leases, Net of Allowance		 1,669 1,504 1,327 1,265 1,186 -19 -24 1,045 -20 -17 -15
Allowance for Loan and Lease Losses		 31 30 26 23 21 19 24 24 20 17 15
Premises and Equipment, Net		 38 39 37 35 35 35 33 31 29 27 26
Goodwill		 122 122 122 122 122 122 122 122 122 122 122
Intangible Assets		 14 10 6.93 3.85 1.93 1.39 1.10 0.84 0.58 0.35 0.13
Other Assets		 173 175 175 160 165 2,029 1,932 185 2,194 1,164 1,101
Total Liabilities & Shareholders' Equity		 5,036 5,169 5,366 5,513 5,569 5,620 6,748 1,047 6,950 6,365 6,076
Total Liabilities		 4,509 4,637 4,805 4,923 4,953 4,888 5,903 6,634 6,348 5,592 5,186
Non-Interest Bearing Deposits		 1,911 2,026 2,089 2,198 2,243 2,240 2,725 - 2,947 2,606 2,333
Interest Bearing Deposits		 2,438 2,515 2,615 2,630 2,624 2,573 2,963 - 3,278 2,868 2,678
Short-Term Debt		 90 53 59 58 51 31 103 146 58 58 120
Other Long-Term Liabilities		 50 43 41 37 35 45 113 74 65 59 54
Total Equity & Noncontrolling Interests		 527 532 561 590 616 731 845 827 602 773 890
Total Preferred & Common Equity		 527 532 561 590 616 731 845 827 602 773 890
Total Common Equity		 527 532 561 590 616 731 845 827 602 773 890
Common Stock		 378 379 405 432 448 465 466 471 475 473 476
Retained Earnings		 140 150 165 174 206 239 264 306 383 490 582
Accumulated Other Comprehensive Income / (Loss)		 5.29 0.68 -10 -17 -40 26 114 50 -256 -190 -168
Other Equity Adjustments		 2.71 2.58 1.53 1.53 1.40 0.77 0.04 - 0.04 0.04 0.04

Quarterly Balance Sheets for Westamerica Bancorporation

This table presents Westamerica Bancorporation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 7,222 7,177 6,700 6,583 6,567 6,465 6,312 6,161 5,967
Cash and Due from Banks		 753 414 195 266 421 434 486 503 727
Trading Account Securities		 5,049 5,313 5,127 4,947 4,795 4,758 3,699 4,431 3,236
Loans and Leases, Net of Allowance		 -22 -21 -20 -18 -18 -16 -16 -15 -14
Allowance for Loan and Lease Losses		 22 21 20 18 18 16 16 15 14
Premises and Equipment, Net		 30 30 28 28 27 26 26 26 26
Goodwill		 122 122 122 122 122 122 122 122 122
Intangible Assets		 0.71 0.64 0.52 0.46 0.40 0.29 0.23 0.18 0.07
Other Assets		 1,289 1,320 1,247 1,238 1,220 1,140 1,994 1,095 1,870
Total Liabilities & Shareholders' Equity		 7,222 7,177 6,700 6,583 6,567 6,465 6,312 6,161 5,967
Total Liabilities		 6,605 6,638 6,058 5,931 5,919 5,673 5,497 5,252 5,043
Non-Interest Bearing Deposits		 2,988 3,070 2,789 2,721 2,723 2,514 2,459 2,376 2,242
Interest Bearing Deposits		 3,428 3,425 3,110 2,985 2,976 2,841 2,672 2,689 2,632
Short-Term Debt		 118 77 83 138 115 50 100 132 113
Other Long-Term Liabilities		 72 66 75 87 105 68 65 55 56
Total Equity & Noncontrolling Interests		 617 539 643 652 648 792 816 909 923
Total Preferred & Common Equity		 617 539 643 652 648 792 816 909 923
Total Common Equity		 617 539 643 652 648 792 816 909 923
Common Stock		 474 475 471 471 472 474 475 475 471
Retained Earnings		 332 355 403 432 462 515 538 562 589
Accumulated Other Comprehensive Income / (Loss)		 -188 -291 -232 -252 -286 -197 -197 -128 -137
Other Equity Adjustments		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04

Annual Metrics And Ratios for Westamerica Bancorporation

This table displays calculated financial ratios and metrics derived from Westamerica Bancorporation's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.80% -3.49% -0.88% 7.02% 157.69% -58.95% 2.68% 2.46% 23.33% 22.15% -9.24%
EBITDA Growth		 -9.20% -1.50% 7.32% 13.71% 266.34% -69.72% -0.46% 2.45% 40.90% 29.00% -14.43%
EBIT Growth		 -8.32% -2.89% 4.28% 9.02% 347.99% -73.06% 1.51% 9.57% 41.50% 33.81% -14.68%
NOPAT Growth		 -9.72% -3.12% 0.17% -15.00% 43.06% 12.33% 0.03% 7.58% 41.07% 32.56% -14.30%
Net Income Growth		 -9.72% -3.12% 0.17% -15.00% 43.06% 12.33% 0.03% 7.58% 41.07% 32.56% -14.30%
EPS Growth		 -7.20% -0.86% -0.43% -17.47% 41.27% 11.61% 0.00% 8.05% 40.99% 33.48% -14.19%
Operating Cash Flow Growth		 -3.52% -14.47% 10.27% 4.01% 19.66% -16.48% 33.51% -17.64% 28.14% 39.14% -10.52%
Free Cash Flow Firm Growth		 -52.24% 118.00% -78.49% -7.96% 145.57% -128.29% -591.86% 157.86% 619.62% -102.16% -332.42%
Invested Capital Growth		 1.63% -8.04% 6.02% 4.56% 2.79% 14.32% 24.27% 2.74% -32.20% 25.94% 21.57%
Revenue Q/Q Growth		 -1.89% -0.79% 0.83% 6.86% 0.00% 0.00% 0.97% 57.79% 10.79% 0.37% -4.39%
EBITDA Q/Q Growth		 -2.15% 0.48% 2.31% 5.32% 561.86% 256.62% -0.95% 170.67% 14.78% 0.45% -6.76%
EBIT Q/Q Growth		 -0.74% -0.53% 0.69% 5.05% 437.32% 204.63% 1.60% 210.32% 17.47% 0.34% -6.81%
NOPAT Q/Q Growth		 -1.67% -0.76% -0.21% -17.06% 26.28% 2.13% 4.02% -2.39% 16.88% 0.08% -5.31%
Net Income Q/Q Growth		 -1.67% -0.76% -0.21% -17.06% 0.00% 0.00% 4.02% -2.39% 16.88% 0.08% -5.31%
EPS Q/Q Growth		 -0.43% -0.43% -0.87% -17.47% 26.54% 2.05% 4.20% -2.42% 17.01% 0.17% -5.28%
Operating Cash Flow Q/Q Growth		 23.75% -13.85% 8.02% -3.34% 0.56% -0.20% -4.04% 7.38% 27.06% -23.94% 36.37%
Free Cash Flow Firm Q/Q Growth		 -29.45% 11.37% -22.80% 132.03% -26.41% 41.77% -7.58% -7.07% -2.27% -168.24% 69.10%
Invested Capital Q/Q Growth		 0.94% -0.98% 0.18% -3.22% 1.91% 0.44% 1.48% 1.70% 7.15% 8.81% -3.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 49.95% 50.98% 55.19% 58.64% 83.37% 61.50% 59.62% 59.61% 68.11% 71.92% 67.81%
EBIT Margin		 41.87% 42.13% 44.33% 45.16% 78.51% 51.53% 50.94% 54.47% 62.50% 68.46% 64.36%
Profit (Net Income) Margin		 32.16% 32.29% 32.63% 25.91% 14.39% 39.37% 38.35% 40.27% 46.06% 49.98% 47.20%
Tax Burden Percent		 76.81% 76.63% 73.61% 57.39% 78.64% 76.40% 75.29% 73.92% 73.70% 73.01% 73.33%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 23.30% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.19% 23.37% 26.39% 42.61% 21.36% 23.60% 24.71% 26.08% 26.30% 26.99% 26.67%
Return on Invested Capital (ROIC)		 9.61% 9.62% 9.76% 7.88% 10.88% 11.25% 9.41% 9.01% 14.94% 21.70% 15.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.61% 9.62% 9.76% 7.88% 10.88% 11.25% 9.41% 9.01% 14.94% 21.70% 15.06%
Return on Net Nonoperating Assets (RNNOA)		 1.73% 1.48% 1.00% 0.80% 0.99% 0.69% 0.80% 1.34% 2.13% 1.83% 1.62%
Return on Equity (ROE)		 11.34% 11.10% 10.76% 8.69% 11.87% 11.94% 10.20% 10.35% 17.08% 23.53% 16.67%
Cash Return on Invested Capital (CROIC)		 7.99% 18.00% 3.92% 3.43% 8.12% -2.12% -12.24% 6.30% 53.33% -1.26% -4.41%
Operating Return on Assets (OROA)		 1.60% 1.50% 1.52% 1.60% 7.05% 1.88% 1.73% 1.65% 2.30% 3.33% 3.04%
Return on Assets (ROA)		 1.23% 1.15% 1.12% 0.92% 1.29% 1.44% 1.30% 1.22% 1.69% 2.43% 2.23%
Return on Common Equity (ROCE)		 11.34% 11.10% 10.76% 8.69% 11.87% 11.94% 10.20% 10.35% 17.08% 23.53% 16.67%
Return on Equity Simple (ROE_SIMPLE)		 11.52% 11.04% 10.48% 8.48% 11.63% 10.99% 9.52% 10.46% 20.27% 20.93% 15.58%
Net Operating Profit after Tax (NOPAT)		 61 59 59 50 72 80 80 87 122 162 139
NOPAT Margin		 32.16% 32.29% 32.63% 25.91% 14.39% 39.37% 38.35% 40.27% 46.06% 49.98% 47.20%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.68% 43.98% 43.81% 41.43% 16.47% 39.55% 38.07% 35.73% 28.57% 24.17% 27.65%
Operating Expenses to Revenue		 56.64% 57.87% 57.45% 55.83% 21.49% 48.47% 47.01% 45.53% 37.50% 31.89% 35.54%
Earnings before Interest and Taxes (EBIT)		 79 77 80 87 391 105 107 117 166 222 189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 94 93 100 113 415 126 125 128 180 233 199
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.29 2.17 2.03 2.16 1.56 1.71 2.43 1.86 1.56
Price to Tangible Book Value (P/TBV)		 0.00 0.00 2.97 2.76 2.54 2.60 1.82 2.01 3.05 2.21 1.81
Price to Revenue (P/Rev)		 0.00 0.00 7.12 6.65 2.51 7.74 6.28 6.58 5.53 4.44 4.73
Price to Earnings (P/E)		 0.00 0.00 21.82 25.65 3.37 19.66 16.37 16.34 12.00 8.89 10.01
Dividend Yield		 4.17% 4.26% 3.12% 3.22% 3.42% 2.79% 3.35% 3.14% 3.09% 3.19% 3.38%
Earnings Yield		 0.00% 0.00% 4.58% 3.90% 29.68% 5.09% 6.11% 6.12% 8.33% 11.25% 9.99%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.42 1.18 1.32 1.62 0.84 0.44 1.86 1.57 0.90
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.89 3.97 1.77 6.06 3.80 1.99 4.63 4.04 3.09
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 8.85 6.77 2.13 9.86 6.38 3.34 6.80 5.61 4.55
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 11.02 8.79 2.26 11.77 7.47 3.66 7.41 5.89 4.80
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 14.97 15.32 12.32 15.40 9.92 4.95 10.06 8.07 6.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 11.35 9.49 9.12 15.34 7.40 4.82 10.80 8.25 6.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 37.27 35.22 16.49 0.00 0.00 7.07 2.82 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.21 0.10 0.11 0.10 0.08 0.04 0.12 0.18 0.10 0.08 0.14
Long-Term Debt to Equity		 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.18 0.15 0.10 0.10 0.09 0.06 0.08 0.15 0.14 0.08 0.11
Leverage Ratio		 9.24 9.64 9.63 9.45 9.19 8.31 7.85 8.50 10.08 9.68 7.48
Compound Leverage Factor		 9.24 9.64 9.63 9.45 2.14 8.31 7.85 8.50 10.08 9.68 7.48
Debt to Total Capital		 17.25% 9.06% 9.52% 9.01% 7.69% 4.06% 10.82% 15.03% 8.76% 7.00% 11.91%
Short-Term Debt to Total Capital		 14.11% 9.06% 9.52% 9.01% 7.69% 4.06% 10.82% 15.03% 8.76% 7.00% 11.91%
Long-Term Debt to Total Capital		 3.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.75% 90.94% 90.48% 90.99% 92.31% 95.94% 89.18% 84.97% 91.24% 93.00% 88.09%
Debt to EBITDA		 1.17 0.57 0.59 0.52 0.12 0.25 0.82 1.14 0.32 0.25 0.60
Net Debt to EBITDA		 -2.88 -4.10 -4.05 -4.56 -0.89 -2.73 -4.15 -7.70 -1.31 -0.57 -2.42
Long-Term Debt to EBITDA		 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 1.81 0.90 1.00 1.17 0.72 0.38 1.28 1.69 0.47 0.36 0.87
Net Debt to NOPAT		 -4.47 -6.47 -6.85 -10.33 -5.16 -4.26 -6.45 -11.40 -1.94 -0.82 -3.47
Long-Term Debt to NOPAT		 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 50 110 24 22 53 -15 -105 61 435 -9.39 -41
Operating Cash Flow to CapEx		 2,171.22% 1,573.63% 4,270.46% 2,968.90% 3,609.60% 2,020.58% 0.00% 6,702.04% 14,019.98% 13,626.87% 8,117.66%
Free Cash Flow to Firm to Interest Expense		 14.64 45.35 11.17 11.45 27.28 -8.01 -57.34 30.95 226.22 -2.41 -2.33
Operating Cash Flow to Interest Expense		 23.90 29.04 36.69 42.50 49.33 42.74 59.07 45.39 59.07 40.67 8.13
Operating Cash Flow Less CapEx to Interest Expense		 22.80 27.20 35.83 41.07 47.96 40.63 59.96 44.71 58.64 40.37 8.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.04 0.09 0.04 0.03 0.03 0.04 0.05 0.05
Fixed Asset Turnover		 5.02 4.75 4.79 5.37 14.25 5.91 6.22 6.72 8.84 11.59 11.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 636 585 620 649 667 762 947 973 660 831 1,010
Invested Capital Turnover		 0.30 0.30 0.30 0.30 0.76 0.29 0.25 0.22 0.32 0.43 0.32
Increase / (Decrease) in Invested Capital		 10 -51 35 28 18 96 185 26 -313 171 179
Enterprise Value (EV)		 0.00 0.00 881 766 881 1,238 798 428 1,228 1,306 907
Market Capitalization		 0.00 0.00 1,284 1,283 1,250 1,581 1,316 1,414 1,464 1,438 1,388
Book Value per Share		 $20.18 $20.83 $21.87 $22.40 $23.03 $27.03 $31.44 $30.78 $22.37 $29.00 $33.35
Tangible Book Value per Share		 $14.97 $15.66 $16.86 $17.64 $18.41 $22.49 $26.87 $26.22 $17.83 $24.42 $28.79
Total Capital		 636 585 620 649 667 762 947 973 660 831 1,010
Total Debt		 110 53 59 58 51 31 103 146 58 58 120
Total Long-Term Debt		 20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -271 -380 -403 -517 -369 -342 -519 -986 -236 -132 -481
Capital Expenditures (CapEx)		 3.79 4.47 1.82 2.72 2.68 3.99 -1.62 1.32 0.81 1.16 1.74
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 110 53 59 58 51 31 103 146 58 58 120
Total Depreciation and Amortization (D&A)		 15 16 20 26 24 20 18 11 15 11 10
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.32 $2.30 $2.30 $1.90 $2.69 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20
Adjusted Weighted Average Basic Shares Outstanding		 26.10M 25.56M 25.61M 26.29M 26.65M 26.96M 26.94M 26.86M 26.90M 26.70M 26.69M
Adjusted Diluted Earnings per Share		 $2.32 $2.30 $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20
Adjusted Weighted Average Diluted Shares Outstanding		 26.16M 25.58M 25.68M 26.42M 26.76M 27.01M 26.96M 26.87M 26.91M 26.71M 26.69M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.62M 25.40M 26.27M 26.57M 26.89M 27.10M 26.81M 26.87M 26.91M 26.67M 26.71M
Normalized Net Operating Profit after Tax (NOPAT)		 61 59 59 50 72 80 82 88 126 166 142
Normalized NOPAT Margin		 32.16% 32.29% 32.63% 26.10% 14.39% 39.37% 39.23% 41.17% 47.65% 51.28% 48.49%
Pre Tax Income Margin		 41.87% 42.13% 44.33% 45.16% 18.29% 51.53% 50.94% 54.47% 62.50% 68.46% 64.36%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 22.92 31.63 37.79 45.88 199.35 55.73 58.55 59.86 86.02 56.96 10.85
NOPAT to Interest Expense		 17.61 24.24 27.81 26.33 36.53 42.58 44.09 44.25 63.39 41.59 7.96
EBIT Less CapEx to Interest Expense		 21.82 29.78 36.93 44.45 197.98 53.61 59.44 59.18 85.60 56.66 10.75
NOPAT Less CapEx to Interest Expense		 16.51 22.39 26.95 24.90 35.16 40.46 44.97 43.57 62.97 41.29 7.86
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 65.56% 66.59% 67.84% 82.56% 59.58% 54.66% 55.07% 51.21% 37.02% 28.41% 33.87%
Augmented Payout Ratio		 151.56% 91.67% 77.05% 83.18% 60.31% 55.27% 75.59% 51.48% 37.20% 36.91% 34.12%

Quarterly Metrics And Ratios for Westamerica Bancorporation

This table displays calculated financial ratios and metrics derived from Westamerica Bancorporation's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 32.11% 48.35% 45.30% 37.10% 15.06% 1.49% -4.84% -4.50% -10.75% -16.78% -12.43%
EBITDA Growth		 52.56% 69.50% 66.30% 48.06% 19.06% 1.85% -9.84% -6.60% -16.16% -25.02% -15.93%
EBIT Growth		 58.40% 83.58% 83.60% 60.31% 20.23% 1.39% -10.17% -7.15% -16.12% -25.20% -15.38%
NOPAT Growth		 57.55% 81.14% 78.86% 59.00% 19.68% 0.32% -9.97% -11.89% -15.73% -19.68% -14.77%
Net Income Growth		 57.55% 81.14% 78.86% 59.00% 19.68% 0.32% -9.97% -11.89% -15.73% -19.68% -14.77%
EPS Growth		 57.32% 81.48% 79.76% 60.64% 20.93% 0.68% -9.27% -11.92% -16.03% -19.59% -15.33%
Operating Cash Flow Growth		 14.79% 137.54% 73.09% 396.04% 98.67% -119.08% -5.21% -63.80% -30.71% 473.05% -18.80%
Free Cash Flow Firm Growth		 26,152.74% 8,354.33% 33.01% -106.45% -128.27% -137.33% -298.82% -1,927.35% -128.35% -12.03% 113.13%
Invested Capital Growth		 -35.65% -32.20% -12.12% 7.42% 24.01% 25.94% 43.53% 41.26% 36.37% 21.57% -0.54%
Revenue Q/Q Growth		 22.72% 9.78% 0.65% 1.10% 3.00% -3.17% -5.63% 1.47% -3.75% -9.72% -0.69%
EBITDA Q/Q Growth		 29.76% 12.82% 2.28% -1.12% 4.34% -3.49% -9.46% 2.43% -6.33% -13.69% 1.52%
EBIT Q/Q Growth		 38.70% 14.21% 1.75% -0.54% 4.02% -3.68% -9.85% 2.80% -6.02% -14.11% 1.99%
NOPAT Q/Q Growth		 37.32% 13.19% 2.81% -0.50% 3.36% -5.13% -7.73% -2.62% -1.14% -9.58% -2.09%
Net Income Q/Q Growth		 37.32% 13.19% 2.81% -0.50% 3.36% -5.13% -7.73% -2.62% -1.14% -9.58% -2.09%
EPS Q/Q Growth		 37.23% 13.95% 2.72% 0.00% 3.31% -5.13% -7.43% -2.92% -1.50% -9.16% -2.52%
Operating Cash Flow Q/Q Growth		 177.92% 41.95% 31.72% -4.54% 11.31% -113.64% 754.20% -63.54% 113.06% -26.58% 42.39%
Free Cash Flow Firm Q/Q Growth		 69.14% -6.16% -60.14% -110.19% -641.93% -23.89% -112.32% -3.88% 16.43% 39.22% 124.88%
Invested Capital Q/Q Growth		 -16.24% 7.15% 10.02% 8.80% -3.30% 8.81% 25.39% 7.08% -6.65% -3.00% 2.58%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 69.63% 71.56% 72.72% 71.12% 72.05% 71.81% 68.90% 69.55% 67.69% 64.71% 66.15%
EBIT Margin		 65.66% 68.32% 69.06% 67.93% 68.61% 68.25% 65.19% 66.05% 64.48% 61.34% 63.00%
Profit (Net Income) Margin		 48.19% 49.69% 50.75% 49.95% 50.12% 49.11% 48.02% 46.08% 47.33% 47.40% 46.73%
Tax Burden Percent		 73.39% 72.73% 73.49% 73.52% 73.05% 71.96% 73.65% 73.67% 73.39% 72.51% 74.18%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 94.70% 100.00% 106.56% 100.00%
Effective Tax Rate		 26.61% 27.27% 26.51% 26.48% 26.95% 28.04% 26.35% 26.33% 26.61% 27.49% 25.82%
Return on Invested Capital (ROIC)		 14.65% 16.12% 18.95% 20.41% 23.43% 21.32% 17.37% 15.29% 16.11% 15.12% 12.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.65% 16.12% 18.95% 20.41% 23.43% 21.32% 17.37% 15.29% 16.11% 15.12% 12.79%
Return on Net Nonoperating Assets (RNNOA)		 2.09% 2.30% 2.92% 4.12% 3.79% 1.80% 4.04% 4.57% 2.56% 1.62% 2.71%
Return on Equity (ROE)		 16.74% 18.42% 21.88% 24.53% 27.22% 23.12% 21.41% 19.86% 18.67% 16.75% 15.50%
Cash Return on Invested Capital (CROIC)		 56.66% 53.33% 30.93% 13.14% 1.99% -1.26% -17.90% -18.15% -14.55% -4.41% 13.37%
Operating Return on Assets (OROA)		 2.15% 2.51% 2.86% 3.07% 3.22% 3.32% 3.17% 3.24% 3.11% 2.90% 2.88%
Return on Assets (ROA)		 1.58% 1.83% 2.10% 2.25% 2.35% 2.39% 2.33% 2.26% 2.28% 2.24% 2.14%
Return on Common Equity (ROCE)		 16.74% 18.42% 21.88% 24.53% 27.22% 23.12% 21.41% 19.86% 18.67% 16.75% 15.50%
Return on Equity Simple (ROE_SIMPLE)		 19.37% 0.00% 21.76% 23.75% 24.93% 0.00% 19.92% 18.75% 16.11% 0.00% 14.44%
Net Operating Profit after Tax (NOPAT)		 35 39 40 40 42 39 36 35 35 32 31
NOPAT Margin		 48.19% 49.69% 50.75% 49.95% 50.12% 49.11% 48.02% 46.08% 47.33% 47.40% 46.73%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 26.08% 24.11% 25.09% 23.99% 23.32% 24.33% 26.58% 26.19% 27.85% 30.34% 29.90%
Operating Expenses to Revenue		 34.34% 31.68% 32.89% 32.07% 30.91% 31.75% 34.41% 33.95% 35.52% 38.66% 37.83%
Earnings before Interest and Taxes (EBIT)		 47 54 55 55 57 55 49 51 48 41 42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 50 57 58 57 60 58 52 54 50 43 44
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.43 2.43 1.75 1.50 1.70 1.86 1.58 1.57 1.44 1.56 1.45
Price to Tangible Book Value (P/TBV)		 3.15 3.05 2.16 1.84 2.09 2.21 1.86 1.85 1.66 1.81 1.67
Price to Revenue (P/Rev)		 5.48 5.53 3.89 3.13 3.42 4.44 3.90 4.06 4.26 4.73 4.71
Price to Earnings (P/E)		 12.55 12.00 8.06 6.30 6.82 8.89 7.91 8.39 8.93 10.01 10.05
Dividend Yield		 3.45% 3.09% 4.01% 4.59% 4.11% 3.19% 3.72% 3.66% 3.59% 3.38% 3.51%
Earnings Yield		 7.97% 8.33% 12.41% 15.87% 14.67% 11.25% 12.65% 11.92% 11.20% 9.99% 9.95%
Enterprise Value to Invested Capital (EV/IC)		 1.58 1.86 1.40 1.07 1.04 1.57 1.02 0.98 0.90 0.90 0.70
Enterprise Value to Revenue (EV/Rev)		 4.07 4.63 3.50 2.72 2.47 4.04 3.33 3.47 3.05 3.09 2.55
Enterprise Value to EBITDA (EV/EBITDA)		 6.19 6.80 4.98 3.81 3.44 5.61 4.68 4.92 4.39 4.55 3.80
Enterprise Value to EBIT (EV/EBIT)		 6.91 7.41 5.32 4.01 3.61 5.89 4.92 5.18 4.62 4.80 4.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.33 10.06 7.25 5.47 4.93 8.07 6.74 7.18 6.40 6.54 5.45
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.88 10.80 7.41 4.73 3.83 8.25 6.85 9.01 9.03 6.41 5.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.19 2.82 4.23 8.45 57.92 0.00 0.00 0.00 0.00 0.00 5.22
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.14 0.10 0.13 0.21 0.18 0.08 0.32 0.37 0.15 0.14 0.12
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.25 0.00 0.00 0.00
Financial Leverage		 0.14 0.14 0.15 0.20 0.16 0.08 0.23 0.30 0.16 0.11 0.21
Leverage Ratio		 10.59 10.08 10.42 10.88 11.58 9.68 9.18 8.79 8.17 7.48 7.25
Compound Leverage Factor		 10.59 10.08 10.42 10.88 11.58 9.68 9.18 8.32 8.17 7.97 7.25
Debt to Total Capital		 12.48% 8.76% 11.44% 17.47% 15.10% 7.00% 24.02% 26.90% 12.72% 11.91% 10.92%
Short-Term Debt to Total Capital		 12.48% 8.76% 11.44% 17.47% 15.10% 7.00% 4.83% 8.98% 12.72% 11.91% 10.92%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.19% 17.92% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 87.52% 91.24% 88.56% 82.53% 84.90% 93.00% 75.98% 73.10% 87.28% 88.09% 89.08%
Debt to EBITDA		 0.49 0.32 0.41 0.62 0.50 0.25 1.10 1.34 0.62 0.60 0.59
Net Debt to EBITDA		 -2.14 -1.31 -0.55 -0.58 -1.32 -0.57 -0.81 -0.83 -1.73 -2.42 -3.22
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.88 0.90 0.00 0.00 0.00
Debt to NOPAT		 0.74 0.47 0.59 0.89 0.71 0.36 1.59 1.96 0.90 0.87 0.85
Net Debt to NOPAT		 -3.23 -1.94 -0.80 -0.83 -1.89 -0.82 -1.17 -1.22 -2.53 -3.47 -4.61
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 1.27 1.31 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 376 353 141 -14 -106 -132 -280 -290 -243 -148 37
Operating Cash Flow to CapEx		 13,390.91% 0.00% 10,779.26% 66,556.96% 19,064.17% -3,023.11% 42,796.72% 4,128.85% 8,209.11% 4,463.72% 21,303.52%
Free Cash Flow to Firm to Interest Expense		 771.95 742.72 298.56 -23.60 -93.81 -78.43 -93.17 -54.73 -42.99 -42.56 10.81
Operating Cash Flow to Interest Expense		 60.49 88.04 116.95 86.62 51.66 -4.75 17.40 3.59 7.18 8.59 12.48
Operating Cash Flow Less CapEx to Interest Expense		 60.04 88.04 115.86 86.49 51.39 -4.91 17.36 3.50 7.10 8.40 12.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 7.79 8.84 9.83 10.70 11.27 11.59 11.67 11.67 11.46 11.05 10.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 616 660 726 790 764 831 1,042 1,116 1,042 1,010 1,036
Invested Capital Turnover		 0.30 0.32 0.37 0.41 0.47 0.43 0.36 0.33 0.34 0.32 0.27
Increase / (Decrease) in Invested Capital		 -341 -313 -100 55 148 171 316 326 278 179 -5.67
Enterprise Value (EV)		 974 1,228 1,015 847 797 1,306 1,063 1,098 937 907 726
Market Capitalization		 1,311 1,464 1,127 975 1,102 1,438 1,247 1,283 1,308 1,388 1,340
Book Value per Share		 $20.03 $22.37 $23.89 $24.46 $24.33 $29.00 $29.68 $30.57 $34.06 $33.35 $34.56
Tangible Book Value per Share		 $15.48 $17.83 $19.35 $19.88 $19.75 $24.42 $25.11 $26.00 $29.50 $28.79 $30.01
Total Capital		 616 660 726 790 764 831 1,042 1,116 1,042 1,010 1,036
Total Debt		 77 58 83 138 115 58 250 300 132 120 113
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 200 200 0.00 0.00 0.00
Net Debt		 -337 -236 -112 -128 -305 -132 -184 -186 -370 -481 -614
Capital Expenditures (CapEx)		 0.22 -0.00 0.51 0.08 0.31 0.26 0.12 0.46 0.49 0.67 0.20
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 77 58 83 138 115 58 250 300 132 120 113
Total Depreciation and Amortization (D&A)		 2.86 2.57 2.92 2.57 2.85 2.87 2.81 2.70 2.37 2.25 2.09
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.29 $1.47 $1.51 $1.51 $1.56 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16
Adjusted Weighted Average Basic Shares Outstanding		 26.91M 26.90M 26.86M 26.65M 26.65M 26.70M 26.67M 26.68M 26.69M 26.69M 26.64M
Adjusted Diluted Earnings per Share		 $1.29 $1.47 $1.51 $1.51 $1.56 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16
Adjusted Weighted Average Diluted Shares Outstanding		 26.92M 26.91M 26.87M 26.65M 26.65M 26.71M 26.68M 26.68M 26.69M 26.69M 26.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.91M 26.91M 26.65M 26.65M 26.65M 26.67M 26.68M 26.69M 26.69M 26.71M 26.18M
Normalized Net Operating Profit after Tax (NOPAT)		 36 40 42 40 42 39 37 35 35 32 32
Normalized NOPAT Margin		 49.64% 51.00% 52.08% 49.95% 50.12% 49.11% 49.42% 46.08% 47.33% 47.40% 47.75%
Pre Tax Income Margin		 65.66% 68.32% 69.06% 67.93% 68.61% 68.25% 65.19% 62.55% 64.48% 65.37% 63.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 97.26 113.89 116.86 90.19 50.26 32.67 16.48 9.58 8.46 11.84 12.32
NOPAT to Interest Expense		 71.38 82.83 85.88 66.31 36.72 23.51 12.14 6.68 6.21 9.15 9.14
EBIT Less CapEx to Interest Expense		 96.81 113.89 115.78 90.06 49.99 32.51 16.43 9.49 8.37 11.64 12.26
NOPAT Less CapEx to Interest Expense		 70.92 82.83 84.80 66.18 36.45 23.35 12.09 6.60 6.12 8.95 9.08
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 43.25% 37.02% 32.32% 29.13% 28.16% 28.41% 29.41% 30.69% 32.07% 33.87% 35.25%
Augmented Payout Ratio		 43.46% 37.20% 42.15% 38.01% 36.67% 36.91% 29.54% 30.82% 32.21% 34.12% 49.03%

Key Financial Trends

Westamerica Bancorporation (NASDAQ: WABC) has shown steady financial performance over the past several years, based on the analysis of quarterly data from Q2 2022 through Q1 2025. Below are key observations and trends identified from the income statements, cash flow statements, and balance sheets.

  • Consistent Net Income: Westamerica has maintained a relatively stable quarterly net income, with recent figures around $31 million in Q1 2025, down slightly from about $39 million in Q4 2023 but remaining healthy overall.
  • Stable Earnings Per Share (EPS): Diluted EPS has been consistent, hovering between $1.16 and $1.56 over the last few years, showing resilience in profitability per share despite market fluctuations.
  • Strong Net Interest Income: Net interest income remains the largest contributor to revenue, with approximately $56 million in Q1 2025, supported by high-interest income from investment securities and loans.
  • Healthy Dividend Payments: The company regularly pays dividends, maintaining quarterly payouts around $0.42 to $0.44 per share, showcasing a return of value to shareholders.
  • Robust Operating Cash Flow: Net cash from operating activities has generally been positive and strong, with $42.4 million generated in Q1 2025, reflecting effective management of core banking operations.
  • Investment Liquidity: The company holds a significant amount in trading account securities, consistently around $3.2 to $5 billion, providing liquidity and potential income streams.
  • Loan Allowances and Net Loans: The allowance for loan losses is stable, and net loans reflect conservative credit risk management, but loan balances show some volatility quarter to quarter, warranting monitoring.
  • Interest Expense Management: Interest expenses are relatively low compared to interest income, although slight fluctuations in deposits interest expense and minimal long-term debt interest expenses are noted.
  • Declining Asset Base: Total assets decreased from roughly $7.2 billion in mid-2022 to about $5.97 billion by Q1 2025, indicating asset reduction which could impact future income generation capacity.
  • Deposit Outflows: Net change in deposits consistently showed significant outflows in recent quarters, such as a $137.8 million decline in Q1 2025, indicating pressures in customer deposits that might affect liquidity.
  • Share Repurchases and Financing Uses: The company has engaged in share repurchases ($18.2 million in Q1 2025) and substantial dividend payments, coupled with negative net cash flows from financing activities, which could tighten available cash resources.

Overall, Westamerica Bancorporation demonstrates stable profitability and effective earnings per share management, supported by strong net interest income and operating cash flow. The company rewards shareholders with steady dividends and some share repurchases. However, there are concerns regarding the shrinking asset base, persistent withdrawal of deposits, and negative financing cash flows that may necessitate strategic focus on asset growth and deposit retention to sustain long-term financial health.

08/09/25 09:51 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Westamerica Bancorporation's Financials

When does Westamerica Bancorporation's financial year end?

According to the most recent income statement we have on file, Westamerica Bancorporation's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Westamerica Bancorporation's net income changed over the last 10 years?

Westamerica Bancorporation's net income appears to be on an upward trend, with a most recent value of $138.64 million in 2024, rising from $60.65 million in 2014. The previous period was $161.77 million in 2023. Check out Westamerica Bancorporation's forecast to explore projected trends and price targets.

How has Westamerica Bancorporation's revenue changed over the last 10 years?

Over the last 10 years, Westamerica Bancorporation's total revenue changed from $188.55 million in 2014 to $293.75 million in 2024, a change of 55.8%.

How much debt does Westamerica Bancorporation have?

Westamerica Bancorporation's total liabilities were at $5.19 billion at the end of 2024, a 7.2% decrease from 2023, and a 15.0% increase since 2014.

How much cash does Westamerica Bancorporation have?

In the past 10 years, Westamerica Bancorporation's cash and equivalents has ranged from $190.31 million in 2023 to $1.13 billion in 2021, and is currently $601.49 million as of their latest financial filing in 2024.

How has Westamerica Bancorporation's book value per share changed over the last 10 years?

Over the last 10 years, Westamerica Bancorporation's book value per share changed from 20.18 in 2014 to 33.35 in 2024, a change of 65.3%.


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This page (NASDAQ:WABC) was last updated on 8/9/2025 by MarketBeat.com Staff
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