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Westamerica Bancorporation (WABC) Financials

Westamerica Bancorporation logo
$58.25 -0.20 (-0.35%)
As of 03:33 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 59 59 50 371 80 80 87 122 162 139 116
Consolidated Net Income / (Loss)		 59 59 50 72 80 80 87 122 162 139 116
Net Income / (Loss) Continuing Operations		 59 59 50 371 80 80 87 122 162 139 116
Total Pre-Tax Income 		77 80 87 91 105 107 117 166 222 189 157
Total Revenue		 182 180 193 497 204 210 215 265 324 294 258
Net Interest Income / (Expense)		 134 134 136 150 157 164 171 220 280 251 217
Total Interest Income		 137 136 138 152 159 166 173 222 284 268 231
Loans and Leases Interest Income		 78 69 62 59 58 59 58 50 47 45 42
Investment Securities Interest Income		 58 65 72 85 94 105 115 164 226 203 161
Deposits and Money Market Investments Interest Income		 - 1.87 4.48 7.93 6.99 1.17 1.13 7.79 11 20 28
Total Interest Expense		 2.42 2.12 1.90 1.96 1.89 1.82 1.96 1.93 3.89 17 14
Deposits Interest Expense		 2.37 2.08 1.86 1.92 1.85 1.77 1.88 1.85 3.77 11 13
Long-Term Debt Interest Expense		 0.00 - - - - - - 0.00 0.00 5.81 0.00
Federal Funds Purchased and Securities Sold Interest Expense		 - - - - - - - 0.08 0.12 0.67 0.70
Total Non-Interest Income		 48 47 57 48 47 46 43 45 44 43 41
Other Service Charges		 44 4.82 5.51 -146 4.00 4.00 2.93 3.02 3.23 4.37 2.68
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 0.00
Other Non-Interest Income		 0.70 42 43 194 43 38 40 42 40 39 38
Provision for Credit Losses		 0.00 -3.20 -1.90 0.00 0.00 4.30 0.00 0.00 -1.15 0.30 -0.55
Total Non-Interest Expense		 105 104 108 107 99 99 98 99 103 104 102
Salaries and Employee Benefits		 52 52 52 53 51 51 48 46 48 50 49
Net Occupancy & Equipment Expense		 28 28 28 29 30 29 29 30 30 31 32
Other Operating Expenses		 21 21 24 23 18 16 18 18 19 18 18
Other Special Charges		 - - - - - 2.44 2.62 5.72 5.75 5.19 3.64
Income Tax Expense		 18 21 37 19 25 26 31 44 60 50 41
Basic Earnings per Share		 $2.30 $2.30 $1.90 $2.69 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Weighted Average Basic Shares Outstanding		 25.56M 25.61M 26.29M 26.65M 26.96M 26.94M 26.86M 26.90M 26.70M 26.69M 25.67M
Diluted Earnings per Share		 $2.30 $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Weighted Average Diluted Shares Outstanding		 25.58M 25.68M 26.42M 26.76M 27.01M 26.96M 26.87M 26.91M 26.71M 26.69M 25.67M
Weighted Average Basic & Diluted Shares Outstanding		 25.50M 25.60M 26.30M 26.89M 27.10M 26.81M 26.87M 26.91M 26.67M 26.71M 24.35M
Cash Dividends to Common per Share		 $1.53 $1.56 $1.57 $1.60 $1.63 $1.64 $1.65 $1.68 $1.72 $1.76 $1.82

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 39 36 35 35 32 31 29 28 28 27 27
Consolidated Net Income / (Loss)		 39 36 35 35 32 31 29 28 28 27 27
Net Income / (Loss) Continuing Operations		 39 36 35 35 32 31 29 28 28 27 27
Total Pre-Tax Income 		55 49 48 48 44 42 39 38 38 36 37
Total Revenue		 80 76 74 74 67 66 65 64 63 62 63
Net Interest Income / (Expense)		 69 66 64 62 59 56 54 54 53 52 52
Total Interest Income		 71 69 69 68 62 59 57 57 57 56 56
Loans and Leases Interest Income		 12 11 11 11 11 11 11 10 10 9.88 9.66
Investment Securities Interest Income		 57 55 53 50 46 42 40 39 41 42 43
Deposits and Money Market Investments Interest Income		 2.69 2.28 4.96 6.76 5.66 6.70 7.27 7.84 5.99 4.26 3.00
Total Interest Expense		 1.68 3.00 5.31 5.65 3.47 3.40 3.19 3.65 3.48 3.30 3.32
Deposits Interest Expense		 1.64 2.11 2.46 3.11 3.26 3.23 3.05 3.45 3.29 3.09 3.11
Federal Funds Purchased and Securities Sold Interest Expense		 0.04 0.05 0.16 0.25 0.20 0.17 0.14 0.19 0.20 0.21 0.21
Total Non-Interest Income		 11 10 11 12 11 10 10 10 10 9.61 10
Other Service Charges		 -9.53 0.75 0.79 2.13 -8.90 0.73 0.69 0.55 0.71 0.43 0.72
Other Non-Interest Income		 21 9.34 9.71 9.80 20 9.59 9.62 9.61 9.29 9.18 9.58
Provision for Credit Losses		 - 0.30 0.00 0.00 - -0.55 0.00 0.00 - -0.30 0.00
Total Non-Interest Expense		 26 26 26 26 26 25 26 26 25 26 26
Salaries and Employee Benefits		 12 13 12 13 12 12 12 12 12 12 13
Net Occupancy & Equipment Expense		 7.40 7.58 7.67 7.87 7.83 7.74 7.86 7.98 8.13 8.22 7.99
Other Operating Expenses		 1.64 4.50 4.54 4.47 -0.87 4.35 4.45 4.52 4.58 4.26 4.40
Other Special Charges		 - 1.44 1.44 1.21 - 0.92 0.92 0.92 0.89 1.11 1.11
Income Tax Expense		 15 13 13 13 12 11 10.00 9.68 10 9.12 9.35
Basic Earnings per Share		 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16 $1.12 $1.12 $1.12 $1.13 $1.17
Weighted Average Basic Shares Outstanding		 26.70M 26.67M 26.68M 26.69M 26.69M 26.64M 25.89M 25.34M 25.67M 24.31M 23.31M
Diluted Earnings per Share		 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16 $1.12 $1.12 $1.12 $1.13 $1.17
Weighted Average Diluted Shares Outstanding		 26.71M 26.68M 26.68M 26.69M 26.69M 26.64M 25.89M 25.34M 25.67M 24.31M 23.32M
Weighted Average Basic & Diluted Shares Outstanding		 26.67M 26.68M 26.69M 26.69M 26.71M 26.18M 25.46M 24.93M 24.35M 23.49M 23.11M
Cash Dividends to Common per Share		 $0.44 $0.44 $0.44 $0.44 $0.44 $0.44 $0.46 $0.46 $0.46 $0.46 $0.48

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 52 29 113 -155 -47 248 511 -838 -104 411 -34
Net Cash From Operating Activities		 70 78 81 97 81 108 89 114 158 142 122
Net Cash From Continuing Operating Activities		 70 78 81 97 81 108 89 114 158 142 122
Net Income / (Loss) Continuing Operations		 59 59 50 72 80 80 87 122 162 139 116
Consolidated Net Income / (Loss)		 59 59 50 72 80 80 87 122 162 139 116
Provision For Loan Losses		 0.00 -3.20 -1.90 0.00 0.00 4.30 0.00 0.00 -1.15 0.30 -0.55
Depreciation Expense		 16 20 26 24 21 23 17 17 12 10 7.25
Amortization Expense		 -0.31 -0.34 -0.05 -0.20 -0.26 -4.44 -5.58 -1.70 -0.57 -0.27 0.32
Non-Cash Adjustments to Reconcile Net Income		 0.85 0.71 -6.93 1.16 1.09 -1.80 1.39 0.38 1.20 -0.09 0.95
Changes in Operating Assets and Liabilities, net		 -5.29 1.68 14 -0.29 -21 6.63 -10 -24 -15 -7.41 -2.24
Net Cash From Investing Activities		 -102 -197 -73 -254 -22 -749 -306 -631 547 716 150
Net Cash From Continuing Investing Activities		 -102 -197 -73 -254 -22 -749 -306 -631 547 716 150
Purchase of Property, Leasehold Improvements and Equipment		 -4.47 -1.82 -2.72 -3.12 -3.99 -2.20 -1.32 -0.81 -1.16 -1.74 -2.25
Purchase of Investment Securities		 -1,385 -1,328 -636 -855 -971 -2,103 -1,909 -1,355 -2.33 -21 -710
Sale and/or Maturity of Investments		 1,287 1,133 565 604 952 1,352 1,605 725 551 738 862
Net Cash From Financing Activities		 84 149 105 2.22 -105 889 728 -320 -809 -446 -305
Net Cash From Continuing Financing Activities		 84 149 105 2.22 -105 889 728 -320 -809 -446 -305
Net Change in Deposits		 191 164 123 39 -54 875 726 -189 -751 -462 -172
Repayment of Debt		 -57 - -0.61 -7.22 - - 44 - - - 17
Repurchase of Common Equity		 -15 -5.42 -0.31 -0.52 -0.49 -16 -0.23 -0.22 -14 -0.21 -104
Payment of Dividends		 -39 -40 -41 -43 -44 -44 -44 -45 -46 -47 -47
Other Financing Activities, Net		 3.21 24 25 13 14 2.84 3.02 2.26 0.95 1.36 0.38
Cash Interest Paid		 2.53 2.20 1.93 1.93 1.90 1.83 2.03 1.94 3.90 17 14
Cash Income Taxes Paid		 18 19 17 14 24 26 28 40 64 57 33

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -230 244 52 17 99 126 -101 33 -91 -171 -95
Net Cash From Operating Activities		 -7.98 52 19 41 30 42 24 29 27 40 16
Net Cash From Continuing Operating Activities		 -7.98 52 19 41 30 42 24 29 27 40 16
Net Income / (Loss) Continuing Operations		 39 36 35 35 32 31 29 28 28 27 27
Consolidated Net Income / (Loss)		 39 36 35 35 32 31 29 28 28 27 27
Depreciation Expense		 3.01 2.96 2.85 2.42 2.17 2.01 2.21 1.88 1.15 0.93 0.74
Amortization Expense		 -0.15 -0.15 -0.16 -0.05 0.08 0.08 0.08 0.08 0.08 0.07 0.07
Non-Cash Adjustments to Reconcile Net Income		 0.34 0.36 0.41 -1.20 0.34 0.20 0.19 0.29 0.27 0.47 0.19
Changes in Operating Assets and Liabilities, net		 -51 12 -20 4.32 -4.52 9.62 -8.03 -1.09 -2.74 11 -13
Net Cash From Investing Activities		 70 131 218 222 145 258 65 -39 -134 -99 -40
Net Cash From Continuing Investing Activities		 70 131 218 222 145 258 65 -39 -134 -99 -40
Purchase of Property, Leasehold Improvements and Equipment		 -0.26 -0.12 -0.46 -0.49 -0.67 -0.20 -0.74 -0.69 -0.63 -1.02 -0.31
Purchase of Investment Securities		 - 0.00 -4.77 -8.87 -7.10 -39 -50 -305 -316 -333 -286
Sale and/or Maturity of Investments		 71 131 223 231 153 297 115 266 183 236 247
Net Cash From Financing Activities		 -293 61 -185 -246 -76 -175 -189 43 16 -111 -71
Net Cash From Continuing Financing Activities		 -293 61 -185 -246 -76 -175 -189 43 16 -111 -71
Net Change in Deposits		 -225 -119 -223 -66 -53 -138 -127 46 47 -56 -11
Issuance of Debt		 - 192 - - - - -12 - - 7.16 -13
Repurchase of Common Equity		 - -0.21 - - -0.13 -18 -38 -24 -23 -51 -42
Payment of Dividends		 -12 -12 -12 -12 -12 -12 -12 -12 -11 -11 -11
Cash Interest Paid		 1.74 1.99 2.61 9.22 3.62 3.24 3.20 3.65 3.64 3.17 3.30

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 5,169 5,366 5,513 5,569 5,620 6,748 7,461 6,950 6,365 6,076 5,960
Cash and Due from Banks		 433 462 575 420 373 621 1,132 294 190 601 568
Trading Account Securities		 2,886 3,237 3,352 3,639 3,079 4,063 4,639 4,332 4,878 3,396 4,288
Loans and Leases, Net of Allowance		 1,504 1,327 1,265 1,186 -19 -24 1,045 -20 -17 806 715
Loans and Leases		 1,533 1,353 1,288 1,207 - - 1,068 - - 820 726
Allowance for Loan and Lease Losses		 30 26 23 21 19 24 24 20 17 15 12
Premises and Equipment, Net		 39 37 35 35 35 33 31 29 27 26 26
Goodwill		 122 122 122 122 122 122 122 122 122 122 122
Other Assets		 175 175 160 165 2,029 1,932 185 2,194 1,164 1,086 242
Total Liabilities & Shareholders' Equity		 5,169 5,366 5,513 5,569 5,620 6,748 1,047 6,950 6,365 6,076 5,960
Total Liabilities		 4,637 4,805 4,923 4,953 4,888 5,903 6,634 6,348 5,592 5,186 5,027
Non-Interest Bearing Deposits		 2,026 2,089 2,198 2,243 2,240 2,725 - 2,947 2,606 2,333 2,252
Interest Bearing Deposits		 2,515 2,615 2,630 2,624 2,573 2,963 - 3,278 2,868 2,678 2,588
Short-Term Debt		 53 59 58 51 31 103 146 58 58 120 137
Other Long-Term Liabilities		 43 41 37 35 45 113 74 65 59 54 49
Total Equity & Noncontrolling Interests		 532 561 590 616 731 845 827 602 773 890 934
Total Preferred & Common Equity		 532 561 590 616 731 845 827 602 773 890 934
Total Common Equity		 532 561 590 616 731 845 827 602 773 890 934
Common Stock		 379 405 432 448 465 466 471 475 473 476 440
Retained Earnings		 150 165 174 206 239 264 306 383 490 582 585
Accumulated Other Comprehensive Income / (Loss)		 0.68 -10 -17 -40 26 114 50 -256 -190 -168 -91
Other Equity Adjustments		 2.58 1.53 1.53 1.40 0.77 0.04 - 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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 6,700 6,583 6,567 6,465 6,312 6,161 5,967 5,825 5,914 5,864 5,805
Cash and Due from Banks		 195 266 421 434 486 503 727 626 659 397 302
Trading Account Securities		 5,127 4,947 4,795 4,758 3,699 4,431 3,236 4,061 4,132 4,396 4,447
Loans and Leases, Net of Allowance		 -20 -18 -18 -16 -16 -15 -14 734 730 685 658
Loans and Leases		 - - - - - - - 748 742 696 669
Allowance for Loan and Lease Losses		 20 18 18 16 16 15 14 14 12 11 11
Premises and Equipment, Net		 28 28 27 26 26 26 26 26 26 26 26
Goodwill		 122 122 122 122 122 122 122 122 122 122 122
Other Assets		 1,247 1,238 1,220 1,140 1,994 1,095 1,870 256 246 238 251
Total Liabilities & Shareholders' Equity		 6,700 6,583 6,567 6,465 6,312 6,161 5,967 5,825 5,914 5,864 5,805
Total Liabilities		 6,058 5,931 5,919 5,673 5,497 5,252 5,043 4,903 4,983 4,982 4,952
Non-Interest Bearing Deposits		 2,789 2,721 2,723 2,514 2,459 2,376 2,242 2,176 2,214 2,136 2,142
Interest Bearing Deposits		 3,110 2,985 2,976 2,841 2,672 2,689 2,632 2,572 2,579 2,648 2,631
Short-Term Debt		 83 138 115 50 100 132 113 101 134 144 132
Other Long-Term Liabilities		 75 87 105 68 65 55 56 55 56 54 47
Total Equity & Noncontrolling Interests		 643 652 648 792 816 909 923 922 932 883 853
Total Preferred & Common Equity		 643 652 648 792 816 909 923 922 932 883 853
Total Common Equity		 643 652 648 792 816 909 923 922 932 883 853
Common Stock		 471 471 472 474 475 475 471 457 449 422 415
Retained Earnings		 403 432 462 515 538 562 589 582 583 568 556
Accumulated Other Comprehensive Income / (Loss)		 -232 -252 -286 -197 -197 -128 -137 -117 -100 -107 -118
Other Equity Adjustments		 0.04 0.04 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 24,933,051.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 24,933,051.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.66
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.49% -0.88% 7.02% 157.69% -58.95% 2.68% 2.46% 23.33% 22.15% -9.24% -12.15%
EBITDA Growth		 -1.50% 7.32% 13.71% 266.34% -69.72% -0.46% 2.45% 40.90% 29.00% -14.43% -17.54%
EBIT Growth		 -2.89% 4.28% 9.02% 347.99% -73.06% 1.51% 9.57% 41.50% 33.81% -14.68% -17.12%
NOPAT Growth		 -3.12% 0.17% -15.00% 43.06% 12.33% 0.03% 7.58% 41.07% 32.56% -14.30% -16.20%
Net Income Growth		 -3.12% 0.17% -15.00% 43.06% 12.33% 0.03% 7.58% 41.07% 32.56% -14.30% -16.20%
EPS Growth		 -0.86% -0.43% -17.47% 41.27% 11.61% 0.00% 8.05% 40.99% 33.48% -14.19% -13.08%
Operating Cash Flow Growth		 -14.47% 10.27% 4.01% 19.66% -16.48% 33.51% -17.64% 28.14% 39.14% -10.52% -13.90%
Free Cash Flow Firm Growth		 118.00% -78.49% -7.96% 145.57% -128.29% -591.86% 157.86% 619.62% -102.16% -332.42% 237.10%
Invested Capital Growth		 -8.04% 6.02% 4.56% 2.79% 14.32% 24.27% 2.74% -32.20% 25.94% 21.57% 5.99%
Revenue Q/Q Growth		 -0.79% 0.83% 6.86% 0.00% 0.00% 0.97% 57.79% 10.79% 0.37% -4.39% -2.37%
EBITDA Q/Q Growth		 0.48% 2.31% 5.32% 561.86% 256.62% -0.95% 170.67% 14.78% 0.45% -6.76% -4.03%
EBIT Q/Q Growth		 -0.53% 0.69% 5.05% 437.32% 204.63% 1.60% 210.32% 17.47% 0.34% -6.81% -3.61%
NOPAT Q/Q Growth		 -0.76% -0.21% -17.06% 26.28% 2.13% 4.02% -2.39% 16.88% 0.08% -5.31% -3.24%
Net Income Q/Q Growth		 -0.76% -0.21% -17.06% 0.00% 0.00% 4.02% -2.39% 16.88% 0.08% -5.31% -3.24%
EPS Q/Q Growth		 -0.43% -0.87% -17.47% 26.54% 2.05% 4.20% -2.42% 17.01% 0.17% -5.28% -1.53%
Operating Cash Flow Q/Q Growth		 -13.85% 8.02% -3.34% 0.56% -0.20% -4.04% 7.38% 27.06% -23.94% 36.37% -2.56%
Free Cash Flow Firm Q/Q Growth		 11.37% -22.80% 132.03% -26.41% 41.77% -7.58% -7.07% -2.27% -168.24% 69.10% -42.21%
Invested Capital Q/Q Growth		 -0.98% 0.18% -3.22% 1.91% 0.44% 1.48% 1.70% 7.15% 8.81% -3.00% 0.52%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 50.98% 55.19% 58.64% 83.37% 61.50% 59.62% 59.61% 68.11% 71.92% 67.81% 63.65%
EBIT Margin		 42.13% 44.33% 45.16% 78.51% 51.53% 50.94% 54.47% 62.50% 68.46% 64.36% 60.72%
Profit (Net Income) Margin		 32.29% 32.63% 25.91% 14.39% 39.37% 38.35% 40.27% 46.06% 49.98% 47.20% 45.02%
Tax Burden Percent		 76.63% 73.61% 57.39% 78.64% 76.40% 75.29% 73.92% 73.70% 73.01% 73.33% 74.14%
Interest Burden Percent		 100.00% 100.00% 100.00% 23.30% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.37% 26.39% 42.61% 21.36% 23.60% 24.71% 26.08% 26.30% 26.99% 26.67% 25.86%
Return on Invested Capital (ROIC)		 9.62% 9.76% 7.88% 10.88% 11.25% 9.41% 9.01% 14.94% 21.70% 15.06% 11.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.62% 9.76% 7.88% 10.88% 11.25% 9.41% 9.01% 14.94% 21.70% 15.06% 11.16%
Return on Net Nonoperating Assets (RNNOA)		 1.48% 1.00% 0.80% 0.99% 0.69% 0.80% 1.34% 2.13% 1.83% 1.62% 1.58%
Return on Equity (ROE)		 11.10% 10.76% 8.69% 11.87% 11.94% 10.20% 10.35% 17.08% 23.53% 16.67% 12.74%
Cash Return on Invested Capital (CROIC)		 18.00% 3.92% 3.43% 8.12% -2.12% -12.24% 6.30% 53.33% -1.26% -4.41% 5.35%
Operating Return on Assets (OROA)		 1.50% 1.52% 1.60% 7.05% 1.88% 1.73% 1.65% 2.30% 3.33% 3.04% 2.60%
Return on Assets (ROA)		 1.15% 1.12% 0.92% 1.29% 1.44% 1.30% 1.22% 1.69% 2.43% 2.23% 1.93%
Return on Common Equity (ROCE)		 11.10% 10.76% 8.69% 11.87% 11.94% 10.20% 10.35% 17.08% 23.53% 16.67% 12.74%
Return on Equity Simple (ROE_SIMPLE)		 11.04% 10.48% 8.48% 11.63% 10.99% 9.52% 10.46% 20.27% 20.93% 15.58% 12.44%
Net Operating Profit after Tax (NOPAT)		 59 59 50 72 80 80 87 122 162 139 116
NOPAT Margin		 32.29% 32.63% 25.91% 14.39% 39.37% 38.35% 40.27% 46.06% 49.98% 47.20% 45.02%
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		 43.98% 43.81% 41.43% 16.47% 39.55% 38.07% 35.73% 28.57% 24.17% 27.65% 31.15%
Operating Expenses to Revenue		 57.87% 57.45% 55.83% 21.49% 48.47% 47.01% 45.53% 37.50% 31.89% 35.54% 39.50%
Earnings before Interest and Taxes (EBIT)		 77 80 87 391 105 107 117 166 222 189 157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 93 100 113 415 126 125 128 180 233 199 164
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 2.29 2.17 2.03 2.16 1.56 1.71 2.43 1.86 1.56 1.27
Price to Tangible Book Value (P/TBV)		 0.00 2.97 2.76 2.54 2.60 1.82 2.01 3.05 2.21 1.81 1.46
Price to Revenue (P/Rev)		 0.00 7.12 6.65 2.51 7.74 6.28 6.58 5.53 4.44 4.73 4.58
Price to Earnings (P/E)		 0.00 21.82 25.65 3.37 19.66 16.37 16.34 12.00 8.89 10.01 10.17
Dividend Yield		 4.26% 3.12% 3.22% 3.42% 2.79% 3.35% 3.14% 3.09% 3.19% 3.38% 3.84%
Earnings Yield		 0.00% 4.58% 3.90% 29.68% 5.09% 6.11% 6.12% 8.33% 11.25% 9.99% 9.83%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.42 1.18 1.32 1.62 0.84 0.44 1.86 1.57 0.90 0.70
Enterprise Value to Revenue (EV/Rev)		 0.00 4.89 3.97 1.77 6.06 3.80 1.99 4.63 4.04 3.09 2.91
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 8.85 6.77 2.13 9.86 6.38 3.34 6.80 5.61 4.55 4.57
Enterprise Value to EBIT (EV/EBIT)		 0.00 11.02 8.79 2.26 11.77 7.47 3.66 7.41 5.89 4.80 4.79
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.97 15.32 12.32 15.40 9.92 4.95 10.06 8.07 6.54 6.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 11.35 9.49 9.12 15.34 7.40 4.82 10.80 8.25 6.41 6.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 37.27 35.22 16.49 0.00 0.00 7.07 2.82 0.00 0.00 13.50
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.10 0.11 0.10 0.08 0.04 0.12 0.18 0.10 0.08 0.14 0.15
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.15 0.10 0.10 0.09 0.06 0.08 0.15 0.14 0.08 0.11 0.14
Leverage Ratio		 9.64 9.63 9.45 9.19 8.31 7.85 8.50 10.08 9.68 7.48 6.60
Compound Leverage Factor		 9.64 9.63 9.45 2.14 8.31 7.85 8.50 10.08 9.68 7.48 6.60
Debt to Total Capital		 9.06% 9.52% 9.01% 7.69% 4.06% 10.82% 15.03% 8.76% 7.00% 11.91% 12.82%
Short-Term Debt to Total Capital		 9.06% 9.52% 9.01% 7.69% 4.06% 10.82% 15.03% 8.76% 7.00% 11.91% 12.82%
Long-Term Debt 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%
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		 90.94% 90.48% 90.99% 92.31% 95.94% 89.18% 84.97% 91.24% 93.00% 88.09% 87.18%
Debt to EBITDA		 0.57 0.59 0.52 0.12 0.25 0.82 1.14 0.32 0.25 0.60 0.84
Net Debt to EBITDA		 -4.10 -4.05 -4.56 -0.89 -2.73 -4.15 -7.70 -1.31 -0.57 -2.42 -2.62
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.90 1.00 1.17 0.72 0.38 1.28 1.69 0.47 0.36 0.87 1.18
Net Debt to NOPAT		 -6.47 -6.85 -10.33 -5.16 -4.26 -6.45 -11.40 -1.94 -0.82 -3.47 -3.71
Long-Term Debt to NOPAT		 0.00 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)		 110 24 22 53 -15 -105 61 435 -9.39 -41 56
Operating Cash Flow to CapEx		 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% 5,427.29%
Free Cash Flow to Firm to Interest Expense		 45.35 11.17 11.45 27.28 -8.01 -57.34 30.95 226.22 -2.41 -2.33 4.06
Operating Cash Flow to Interest Expense		 29.04 36.69 42.50 49.33 42.74 59.07 45.39 59.07 40.67 8.13 8.89
Operating Cash Flow Less CapEx to Interest Expense		 27.20 35.83 41.07 47.96 40.63 59.96 44.71 58.64 40.37 8.03 8.73
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.04 0.09 0.04 0.03 0.03 0.04 0.05 0.05 0.04
Fixed Asset Turnover		 4.75 4.79 5.37 14.25 5.91 6.22 6.72 8.84 11.59 11.05 9.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 585 620 649 667 762 947 973 660 831 1,010 1,071
Invested Capital Turnover		 0.30 0.30 0.30 0.76 0.29 0.25 0.22 0.32 0.43 0.32 0.25
Increase / (Decrease) in Invested Capital		 -51 35 28 18 96 185 26 -313 171 179 61
Enterprise Value (EV)		 0.00 881 766 881 1,238 798 428 1,228 1,306 907 751
Market Capitalization		 0.00 1,284 1,283 1,250 1,581 1,316 1,414 1,464 1,438 1,388 1,182
Book Value per Share		 $20.83 $21.87 $22.40 $23.03 $27.03 $31.44 $30.78 $22.37 $29.00 $33.35 $37.44
Tangible Book Value per Share		 $15.66 $16.86 $17.64 $18.41 $22.49 $26.87 $26.22 $17.83 $24.42 $28.79 $32.56
Total Capital		 585 620 649 667 762 947 973 660 831 1,010 1,071
Total Debt		 53 59 58 51 31 103 146 58 58 120 137
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -380 -403 -517 -369 -342 -519 -986 -236 -132 -481 -431
Capital Expenditures (CapEx)		 4.47 1.82 2.72 2.68 3.99 -1.62 1.32 0.81 1.16 1.74 2.25
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)		 53 59 58 51 31 103 146 58 58 120 137
Total Depreciation and Amortization (D&A)		 16 20 26 24 20 18 11 15 11 10 7.57
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.30 $2.30 $1.90 $2.69 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Adjusted Weighted Average Basic Shares Outstanding		 25.56M 25.61M 26.29M 26.65M 26.96M 26.94M 26.86M 26.90M 26.70M 26.69M 25.67M
Adjusted Diluted Earnings per Share		 $2.30 $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Adjusted Weighted Average Diluted Shares Outstanding		 25.58M 25.68M 26.42M 26.76M 27.01M 26.96M 26.87M 26.91M 26.71M 26.69M 25.67M
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		 25.40M 26.27M 26.57M 26.89M 27.10M 26.81M 26.87M 26.91M 26.67M 26.71M 24.35M
Normalized Net Operating Profit after Tax (NOPAT)		 59 59 50 72 80 82 88 126 166 142 119
Normalized NOPAT Margin		 32.29% 32.63% 26.10% 14.39% 39.37% 39.23% 41.17% 47.65% 51.28% 48.49% 46.06%
Pre Tax Income Margin		 42.13% 44.33% 45.16% 18.29% 51.53% 50.94% 54.47% 62.50% 68.46% 64.36% 60.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 31.63 37.79 45.88 199.35 55.73 58.55 59.86 86.02 56.96 10.85 11.43
NOPAT to Interest Expense		 24.24 27.81 26.33 36.53 42.58 44.09 44.25 63.39 41.59 7.96 8.47
EBIT Less CapEx to Interest Expense		 29.78 36.93 44.45 197.98 53.61 59.44 59.18 85.60 56.66 10.75 11.26
NOPAT Less CapEx to Interest Expense		 22.39 26.95 24.90 35.16 40.46 44.97 43.57 62.97 41.29 7.86 8.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 66.59% 67.84% 82.56% 59.58% 54.66% 55.07% 51.21% 37.02% 28.41% 33.87% 40.40%
Augmented Payout Ratio		 91.67% 77.05% 83.18% 60.31% 55.27% 75.59% 51.48% 37.20% 36.91% 34.12% 129.74%

Quarterly Metrics And Ratios for Westamerica Bancorporation

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 24,933,051.00 24,350,014.00 23,487,955.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 24,933,051.00 24,350,014.00 23,487,955.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 1.12 1.12 1.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.49% -4.84% -4.50% -10.75% -16.78% -12.43% -13.02% -13.95% -9.00% -6.53% -2.82%
EBITDA Growth		 1.85% -9.84% -6.60% -16.16% -25.02% -15.93% -18.65% -20.43% -15.00% -14.71% -9.22%
EBIT Growth		 1.39% -10.17% -7.15% -16.12% -25.20% -15.38% -18.84% -20.57% -13.43% -12.83% -5.97%
NOPAT Growth		 0.32% -9.97% -11.89% -15.73% -19.68% -14.77% -18.04% -19.38% -12.28% -11.86% -5.78%
Net Income Growth		 0.32% -9.97% -11.89% -15.73% -19.68% -14.77% -18.04% -19.38% -12.28% -11.86% -5.78%
EPS Growth		 0.68% -9.27% -11.92% -16.03% -19.59% -15.33% -15.79% -14.50% -5.88% -2.59% 4.46%
Operating Cash Flow Growth		 -119.08% -5.21% -63.80% -30.71% 473.05% -18.80% 23.55% -27.46% -10.76% -6.26% -33.93%
Free Cash Flow Firm Growth		 -137.33% -298.82% -1,927.35% -128.35% -12.03% 113.13% 141.95% 101.85% 77.82% -0.38% -46.31%
Invested Capital Growth		 25.94% 43.53% 41.26% 36.37% 21.57% -0.54% -8.31% 2.28% 5.99% -0.89% -3.72%
Revenue Q/Q Growth		 -3.17% -5.63% 1.47% -3.75% -9.72% -0.69% -2.74% -1.32% -0.68% -1.94% 1.11%
EBITDA Q/Q Growth		 -3.49% -9.46% 2.43% -6.33% -13.69% 1.52% -5.87% -3.53% -2.07% -4.11% 0.20%
EBIT Q/Q Growth		 -3.68% -9.85% 2.80% -6.02% -14.11% 1.99% -6.63% -2.88% -0.26% -3.63% 0.72%
NOPAT Q/Q Growth		 -5.13% -7.73% -2.62% -1.14% -9.58% -2.09% -6.35% -2.76% -1.61% -1.63% 0.11%
Net Income Q/Q Growth		 -5.13% -7.73% -2.62% -1.14% -9.58% -2.09% -6.35% -2.76% -1.61% -1.63% 0.11%
EPS Q/Q Growth		 -5.13% -7.43% -2.92% -1.50% -9.16% -2.52% -3.45% 0.00% 0.00% 0.89% 3.54%
Operating Cash Flow Q/Q Growth		 -113.64% 754.20% -63.54% 113.06% -26.58% 42.39% -44.53% 25.09% -9.69% 49.57% -60.90%
Free Cash Flow Firm Q/Q Growth		 -23.89% -112.32% -3.88% 16.43% 39.22% 124.88% 231.94% -96.31% -828.27% 211.75% 78.90%
Invested Capital Q/Q Growth		 8.81% 25.39% 7.08% -6.65% -3.00% 2.58% -1.29% 4.14% 0.52% -4.08% -4.11%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 71.81% 68.90% 69.55% 67.69% 64.71% 66.15% 64.02% 62.59% 61.71% 60.35% 59.81%
EBIT Margin		 68.25% 65.19% 66.05% 64.48% 61.34% 63.00% 60.48% 59.52% 59.78% 58.75% 58.52%
Profit (Net Income) Margin		 49.11% 48.02% 46.08% 47.33% 47.40% 46.73% 45.00% 44.34% 43.92% 44.06% 43.63%
Tax Burden Percent		 71.96% 73.65% 73.67% 73.39% 72.51% 74.18% 74.41% 74.49% 73.48% 75.00% 74.55%
Interest Burden Percent		 100.00% 100.00% 94.70% 100.00% 106.56% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.04% 26.35% 26.33% 26.61% 27.49% 25.82% 25.59% 25.51% 26.52% 25.00% 25.45%
Return on Invested Capital (ROIC)		 21.32% 17.37% 15.29% 16.11% 15.12% 12.79% 11.56% 11.13% 10.89% 10.84% 10.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 21.32% 17.37% 15.29% 16.11% 15.12% 12.79% 11.56% 11.13% 10.89% 10.84% 10.95%
Return on Net Nonoperating Assets (RNNOA)		 1.80% 4.04% 4.57% 2.56% 1.62% 2.71% 2.67% 1.61% 1.54% 1.55% 1.44%
Return on Equity (ROE)		 23.12% 21.41% 19.86% 18.67% 16.75% 15.50% 14.23% 12.73% 12.43% 12.38% 12.38%
Cash Return on Invested Capital (CROIC)		 -1.26% -17.90% -18.15% -14.55% -4.41% 13.37% 20.54% 9.14% 5.35% 11.80% 14.83%
Operating Return on Assets (OROA)		 3.32% 3.17% 3.24% 3.11% 2.90% 2.88% 2.74% 2.61% 2.56% 2.52% 2.54%
Return on Assets (ROA)		 2.39% 2.33% 2.26% 2.28% 2.24% 2.14% 2.04% 1.94% 1.88% 1.89% 1.89%
Return on Common Equity (ROCE)		 23.12% 21.41% 19.86% 18.67% 16.75% 15.50% 14.23% 12.73% 12.43% 12.38% 12.38%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 19.92% 18.75% 16.11% 0.00% 14.44% 13.76% 12.89% 0.00% 12.74% 12.99%
Net Operating Profit after Tax (NOPAT)		 39 36 35 35 32 31 29 28 28 27 27
NOPAT Margin		 49.11% 48.02% 46.08% 47.33% 47.40% 46.73% 45.00% 44.34% 43.92% 44.06% 43.63%
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		 24.33% 26.58% 26.19% 27.85% 30.34% 29.90% 31.22% 31.95% 31.59% 33.09% 32.71%
Operating Expenses to Revenue		 31.75% 34.41% 33.95% 35.52% 38.66% 37.83% 39.52% 40.48% 40.22% 41.74% 41.48%
Earnings before Interest and Taxes (EBIT)		 55 49 51 48 41 42 39 38 38 36 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 52 54 50 43 44 41 40 39 37 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.86 1.58 1.57 1.44 1.56 1.45 1.36 1.35 1.27 1.43 1.60
Price to Tangible Book Value (P/TBV)		 2.21 1.86 1.85 1.66 1.81 1.67 1.57 1.56 1.46 1.65 1.87
Price to Revenue (P/Rev)		 4.44 3.90 4.06 4.26 4.73 4.71 4.57 4.77 4.58 4.96 5.43
Price to Earnings (P/E)		 8.89 7.91 8.39 8.93 10.01 10.05 9.90 10.50 10.17 11.19 12.34
Dividend Yield		 3.19% 3.72% 3.66% 3.59% 3.38% 3.51% 3.71% 3.64% 3.84% 3.56% 3.20%
Earnings Yield		 11.25% 12.65% 11.92% 11.20% 9.99% 9.95% 10.10% 9.52% 9.83% 8.94% 8.11%
Enterprise Value to Invested Capital (EV/IC)		 1.57 1.02 0.98 0.90 0.90 0.70 0.71 0.69 0.70 0.98 1.22
Enterprise Value to Revenue (EV/Rev)		 4.04 3.33 3.47 3.05 3.09 2.55 2.66 2.78 2.91 3.96 4.75
Enterprise Value to EBITDA (EV/EBITDA)		 5.61 4.68 4.92 4.39 4.55 3.80 4.03 4.29 4.57 6.38 7.77
Enterprise Value to EBIT (EV/EBIT)		 5.89 4.92 5.18 4.62 4.80 4.00 4.24 4.52 4.79 6.65 8.03
Enterprise Value to NOPAT (EV/NOPAT)		 8.07 6.74 7.18 6.40 6.54 5.45 5.76 6.12 6.47 8.94 10.80
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.25 6.85 9.01 9.03 6.41 5.51 5.36 5.87 6.16 8.44 10.76
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 5.22 3.33 7.63 13.50 8.27 8.04
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.32 0.37 0.15 0.14 0.12 0.11 0.14 0.15 0.16 0.15
Long-Term Debt to Equity		 0.00 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.08 0.23 0.30 0.16 0.11 0.21 0.23 0.14 0.14 0.14 0.13
Leverage Ratio		 9.68 9.18 8.79 8.17 7.48 7.25 6.99 6.56 6.60 6.55 6.55
Compound Leverage Factor		 9.68 9.18 8.32 8.17 7.97 7.25 6.99 6.56 6.60 6.55 6.55
Debt to Total Capital		 7.00% 24.02% 26.90% 12.72% 11.91% 10.92% 9.89% 12.55% 12.82% 14.06% 13.38%
Short-Term Debt to Total Capital		 7.00% 4.83% 8.98% 12.72% 11.91% 10.92% 9.89% 12.55% 12.82% 14.06% 13.38%
Long-Term Debt to Total Capital		 0.00% 19.19% 17.92% 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		 93.00% 75.98% 73.10% 87.28% 88.09% 89.08% 90.11% 87.45% 87.18% 85.94% 86.62%
Debt to EBITDA		 0.25 1.10 1.34 0.62 0.60 0.59 0.56 0.78 0.84 0.92 0.86
Net Debt to EBITDA		 -0.57 -0.81 -0.83 -1.73 -2.42 -3.22 -2.90 -3.07 -2.62 -1.60 -1.10
Long-Term Debt to EBITDA		 0.00 0.88 0.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.36 1.59 1.96 0.90 0.87 0.85 0.80 1.11 1.18 1.28 1.19
Net Debt to NOPAT		 -0.82 -1.17 -1.22 -2.53 -3.47 -4.61 -4.14 -4.38 -3.71 -2.25 -1.54
Long-Term Debt to NOPAT		 0.00 1.27 1.31 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)		 -132 -280 -290 -243 -148 37 122 4.49 -33 37 65
Operating Cash Flow to CapEx		 -3,023.11% 42,796.72% 4,128.85% 8,209.11% 4,463.72% 21,303.52% 3,199.59% 4,288.34% 4,244.09% 3,915.17% 5,094.10%
Free Cash Flow to Firm to Interest Expense		 -78.43 -93.17 -54.73 -42.99 -42.56 10.81 38.21 1.23 -9.40 11.10 19.70
Operating Cash Flow to Interest Expense		 -4.75 17.40 3.59 7.18 8.59 12.48 7.37 8.07 7.63 12.06 4.68
Operating Cash Flow Less CapEx to Interest Expense		 -4.91 17.36 3.50 7.10 8.40 12.42 7.14 7.88 7.45 11.75 4.59
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 11.59 11.67 11.67 11.46 11.05 10.90 10.54 10.17 9.95 9.82 9.79
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 831 1,042 1,116 1,042 1,010 1,036 1,023 1,065 1,071 1,027 985
Invested Capital Turnover		 0.43 0.36 0.33 0.34 0.32 0.27 0.26 0.25 0.25 0.25 0.25
Increase / (Decrease) in Invested Capital		 171 316 326 278 179 -5.67 -93 24 61 -9.21 -38
Enterprise Value (EV)		 1,306 1,063 1,098 937 907 726 731 735 751 1,006 1,197
Market Capitalization		 1,438 1,247 1,283 1,308 1,388 1,340 1,256 1,261 1,182 1,259 1,367
Book Value per Share		 $29.00 $29.68 $30.57 $34.06 $33.35 $34.56 $35.21 $36.59 $37.44 $36.25 $36.32
Tangible Book Value per Share		 $24.42 $25.11 $26.00 $29.50 $28.79 $30.01 $30.56 $31.81 $32.56 $31.25 $31.14
Total Capital		 831 1,042 1,116 1,042 1,010 1,036 1,023 1,065 1,071 1,027 985
Total Debt		 58 250 300 132 120 113 101 134 137 144 132
Total Long-Term Debt		 0.00 200 200 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -132 -184 -186 -370 -481 -614 -525 -526 -431 -253 -170
Capital Expenditures (CapEx)		 0.26 0.12 0.46 0.49 0.67 0.20 0.74 0.69 0.63 1.02 0.31
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)		 58 250 300 132 120 113 101 134 137 144 132
Total Depreciation and Amortization (D&A)		 2.87 2.81 2.70 2.37 2.25 2.09 2.29 1.96 1.23 1.00 0.81
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16 $1.12 $1.12 $1.12 $1.13 $1.17
Adjusted Weighted Average Basic Shares Outstanding		 26.70M 26.67M 26.68M 26.69M 26.69M 26.64M 25.89M 25.34M 25.67M 24.31M 23.31M
Adjusted Diluted Earnings per Share		 $1.48 $1.37 $1.33 $1.31 $1.19 $1.16 $1.12 $1.12 $1.12 $1.13 $1.17
Adjusted Weighted Average Diluted Shares Outstanding		 26.71M 26.68M 26.68M 26.69M 26.69M 26.64M 25.89M 25.34M 25.67M 24.31M 23.32M
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		 26.67M 26.68M 26.69M 26.69M 26.71M 26.18M 25.46M 24.93M 24.35M 23.49M 23.11M
Normalized Net Operating Profit after Tax (NOPAT)		 39 37 35 35 32 32 30 29 28 28 28
Normalized NOPAT Margin		 49.11% 49.42% 46.08% 47.33% 47.40% 47.75% 46.05% 45.41% 44.96% 45.40% 44.95%
Pre Tax Income Margin		 68.25% 65.19% 62.55% 64.48% 65.37% 63.00% 60.48% 59.52% 59.78% 58.75% 58.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 32.67 16.48 9.58 8.46 11.84 12.32 12.25 10.41 10.87 11.07 11.06
NOPAT to Interest Expense		 23.51 12.14 6.68 6.21 9.15 9.14 9.11 7.75 7.99 8.30 8.25
EBIT Less CapEx to Interest Expense		 32.51 16.43 9.49 8.37 11.64 12.26 12.02 10.22 10.69 10.76 10.97
NOPAT Less CapEx to Interest Expense		 23.35 12.09 6.60 6.12 8.95 9.08 8.88 7.57 7.81 7.99 8.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 28.41% 29.41% 30.69% 32.07% 33.87% 35.25% 37.25% 39.32% 40.40% 41.29% 41.24%
Augmented Payout Ratio		 36.91% 29.54% 30.82% 32.21% 34.12% 49.03% 81.95% 106.44% 129.74% 162.69% 167.34%

Financials Breakdown Chart

Key Financial Trends

Westamerica Bancorporation’s latest statements show a profitable but steadily shrinking banking franchise. Second-quarter 2026 net income was $27.4 million, or $1.17 per diluted share. Earnings were essentially flat from the first quarter of 2026, but remained below the $40.2 million reported in the second quarter of 2023 and the $35.5 million recorded in the second quarter of 2024.

Revenue trends reflect the same pressure. Second-quarter 2026 revenue of $62.8 million improved modestly from $62.1 million in the first quarter, but was down from $64.6 million a year earlier and $80.6 million in the second quarter of 2023. Net interest income declined to $52.5 million from $54.3 million in the second quarter of 2025 and $69.9 million in the second quarter of 2023.

The balance sheet has contracted considerably. Total assets fell to $5.81 billion at June 30, 2026, from $7.22 billion at June 30, 2022. Deposits declined to approximately $4.77 billion from $6.41 billion over the same period. Loans also appear to be a smaller component of the balance sheet, although several older standardized loan figures are incomplete or presented inconsistently in the supplied data.

Westamerica continues to generate positive operating cash flow and maintain strong recurring profitability, but cash generation is being offset by investment-security purchases, deposit outflows, share repurchases and dividends. Investors should focus on whether the bank can stabilize deposits and net interest income while continuing to return capital to shareholders.

  • Consistent profitability: Net income has remained positive in every reported quarter, with $27.4 million earned in Q2 2026.
  • Improving quarterly momentum: Q2 2026 revenue increased approximately 1.1% from Q1, while net income was broadly stable and EPS rose from $1.13 to $1.17.
  • Strong capital position: Total common equity was $853.1 million at June 30, 2026, representing about 14.7% of total assets.
  • Shareholder returns: The quarterly dividend increased to $0.48 per share in Q2 2026 from $0.42 in Q2 2023, while ongoing repurchases have reduced the share count.
  • Positive operating cash flow: Q2 2026 operating cash flow was $15.5 million, and operating cash flow has remained positive in all supplied quarters.
  • Large securities portfolio: Trading account securities totaled $4.45 billion, or roughly 77% of assets, providing liquidity but also leaving earnings and equity sensitive to interest-rate and market-value changes.
  • Improved accumulated other comprehensive loss: AOCI improved to a negative $117.6 million from negative $290.8 million in Q3 2022, although it remains a significant reduction to reported equity.
  • Long-term earnings decline: Q2 net income fell from $40.2 million in 2023 to $27.4 million in 2026, while diluted EPS declined from $1.51 to $1.17.
  • Contracting deposits and assets: Total deposits and total assets have declined materially since 2022, limiting balance-sheet growth and future earning-asset expansion.
  • Cash and financing pressure: Cash and due from banks fell to $301.9 million at June 30, 2026, from $753.3 million four years earlier; Q2 2026 financing cash flow was negative $71.1 million because of deposit outflows, repurchases and dividends.
09/09/26 12:46 PM ETAI Generated. May Contain Errors.

Westamerica Bancorporation Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Westamerica Bancorporation's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Westamerica Bancorporation's net income appears to be on an upward trend, with a most recent value of $116.17 million in 2025, rising from $58.75 million in 2015. The previous period was $138.64 million in 2024. View Westamerica Bancorporation's forecast to see where analysts expect Westamerica Bancorporation to go next.

Over the last 10 years, Westamerica Bancorporation's total revenue changed from $181.97 million in 2015 to $258.06 million in 2025, a change of 41.8%.

Westamerica Bancorporation's total liabilities were at $5.03 billion at the end of 2025, a 3.1% decrease from 2024, and a 8.4% increase since 2015.

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 $567.80 million as of their latest financial filing in 2025.

Over the last 10 years, Westamerica Bancorporation's book value per share changed from 20.83 in 2015 to 37.44 in 2025, a change of 79.8%.


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Financial statements for NASDAQ:WABC last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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