Westamerica Bancorporation (WABC) Financials

$50.01 -0.02 (-0.04%)

Closing price 04:00 PM Eastern

Extended Trading

$50.00 -0.01 (-0.02%)

As of 04:20 PM Eastern

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

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

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

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

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

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

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%

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 demonstrated a generally stable financial performance over the past few years, with consistent profitability and solid asset management. Here are key trends and notable points from the latest quarterly statements through Q1 2025 along with several quarters back to 2022:

Consistent net income: The company reported a net income of $31.0 million in Q1 2025, which is slightly down from $31.7 million in Q4 2024 but shows stability compared to previous quarters and years.
Strong net interest income: Net interest income remains robust at about $56.1 million in Q1 2025, reflecting effective interest margin management, although slightly down from prior quarters.
Maintained dividend payout: Dividends per share have been steady at $0.44 per quarter, indicating a stable shareholder return policy.
Improved operating cash flow: Net cash provided by operating activities in Q1 2025 was $42.4 million, up significantly from $29.8 million in Q4 2024, indicating efficient operational cash generation.
Investment activities generating cash inflow: Net cash from investing activities was strongly positive at $258.3 million in Q1 2025, supported mainly by sales and maturities of investments.
Stable equity base: Total common equity increased to $923 million by Q1 2025 from $791.7 million at Q1 2024, reflecting retained earnings growth and solid capitalization.
Loan portfolio and allowance for loan losses: Loan balances net of allowances have moderately fluctuated, with allowance for loan losses being maintained at conservative levels around $13-22 million in recent quarters, indicating prudent risk management.
Fluctuation in deposits and financing activities: There have been periodic declines in deposits and negative cash flow from financing activities, including common stock repurchases and dividend payments, reflecting ongoing capital management strategies.
Pressure on total revenue: Total revenue showed a mild decline from prior quarters, dropping to $66.4 million in Q1 2025 from $66.9 million in Q4 2024, which could reflect slightly lower interest income or fees.
Rising non-interest expenses: Salaries, employee benefits, and other operating expenses remain significant, e.g., $12.1 million and $7.7 million respectively in Q1 2025, requiring attention to cost controls to maintain profitability margins.

Summary: Westamerica Bancorporation continues to report consistent earnings with solid net interest income and stable dividends, supported by strong cash flows from operating and investing activities. Its capital position has strengthened steadily. Challenges include managing operating expenses and navigating fluctuations in revenue and deposits. Overall, the bank remains financially sound with cautious outlook depending on interest rate trends and economic conditions.

08/30/25 12:18 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

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. See where experts think Westamerica Bancorporation is headed by visiting Westamerica Bancorporation's forecast page.

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 8/29/2025 by MarketBeat.com Staff

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Westamerica Bancorporation (WABC) Financials

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Westamerica Bancorporation (WABC) Financials

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Quarterly Balance Sheets for Westamerica Bancorporation

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