NASDAQ : WABC
Westamerica Bancorporation — Financial statements
Financials · Banks - Regional · United States
Last price 61.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.42B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 39.29M | 41.68M | 45.29M | 47.12M | 49.68M | 57.56M |
| Interest Income on Investments | 186.04M | 189.30M | 222.73M | 236.90M | 172.07M | 115.89M |
| Total Interest Income | 225.32M | 230.98M | 268.01M | 284.01M | 221.76M | 173.44M |
| Interest Paid on Deposits | 12.87M | 13.01M | 10.94M | 3.77M | 1.85M | 1.88M |
| Interest Paid on Borrowings | 846.00K | 700.00K | 6.48M | 120.00K | 79.00K | 78.00K |
| Total Interest Expense | 13.72M | 13.71M | 17.42M | 3.89M | 1.93M | 1.96M |
| Net Interest Income | 211.61M | 217.27M | 250.59M | 280.12M | 219.83M | 171.49M |
| Trust Income | 3.85M | 3.58M | 3.32M | 3.12M | 3.22M | 3.31M |
| Gain (Loss) on Sale of Investments | -125.00K | 34.00K | ||||
| Other Non-Interest Income | 23.34M | 23.66M | 25.61M | 26.08M | 26.48M | 26.30M |
| Total Non-Interest Income | 40.61M | 40.58M | 42.95M | 43.24M | 44.19M | 43.34M |
| Revenues Before Loan Losses | 252.21M | 257.85M | 293.55M | 323.37M | 264.02M | 214.83M |
| Provision for Loan Losses | -300.00K | -550.00K | 300.00K | -1.15M | ||
| Revenue | 252.51M | 258.40M | 293.25M | 324.52M | 264.02M | 214.83M |
| Salaries and Employee Benefits | 48.03M | 47.59M | 48.81M | 46.52M | 44.82M | 46.59M |
| Occupancy Expenses | 14.72M | 14.09M | 13.98M | 13.92M | 13.31M | 12.56M |
| Selling, General & Administrative | 24.50M | 23.63M | 22.62M | 22.21M | 22.81M | 23.03M |
| Other Non-Interest Expense | 12.16M | 12.98M | 13.79M | 14.82M | 12.70M | 13.01M |
| Total Non-Interest Expense | 103.63M | 101.92M | 104.39M | 103.22M | 99.36M | 97.81M |
| EBT Excluding Unusual Items | 148.88M | 156.48M | 188.86M | 221.30M | 164.66M | 117.03M |
| Pretax Income | 148.88M | 156.69M | 189.06M | 221.58M | 165.59M | 117.03M |
| Income Tax Expense | 38.18M | 40.51M | 50.42M | 59.81M | 43.56M | 30.52M |
| Net Income | 110.70M | 116.17M | 138.64M | 161.77M | 122.03M | 86.51M |
| Net Income to Common | 110.70M | 116.17M | 138.64M | 161.77M | 122.03M | 86.51M |
| Basic Shares Outstanding | 23.88M | 25.67M | 26.68M | 26.70M | 26.89M | 26.86M |
| Diluted Shares Outstanding | 23.89M | 25.67M | 26.69M | 26.71M | 26.91M | 26.87M |
| EPS (Basic) | 4.64 | 4.52 | 5.20 | 6.06 | 4.54 | 3.22 |
| EPS (Diluted) | 4.64 | 4.52 | 5.20 | 6.06 | 4.54 | 3.22 |
| Dividend Per Share | 1.88 | 1.82 | 1.76 | 1.72 | 1.68 | 1.65 |
| Effective Tax Rate | 25.65% | 25.86% | 26.67% | 26.99% | 26.30% | 26.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 322.51M | 567.80M | 601.49M | 190.31M | 294.24M | 1.13B |
| Investment Securities | 2.92B | 3.38B | 3.99B | 4.59B | 4.89B | 4.42B |
| Trading Asset Securities | 466.00K | |||||
| Mortgage-Backed Securities | 1.47B | 935.64M | 275.95M | 318.02M | 390.90M | 560.12M |
| Total Investments | 4.39B | 4.32B | 4.27B | 4.91B | 5.28B | 4.98B |
| Gross Loans | 658.20M | 726.48M | 820.30M | 866.60M | 958.49M | 1.07B |
| Allowance for Loan Losses | -10.51M | -11.57M | -14.78M | -16.87M | -20.28M | -23.51M |
| Net Loans | 647.68M | 714.91M | 805.52M | 849.74M | 938.20M | 1.04B |
| Property, Plant & Equipment | 25.59M | 47.93M | 44.12M | 45.83M | 44.56M | 49.13M |
| Goodwill | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M |
| Other Intangible Assets | 125.00K | 347.00K | 583.00K | 835.00K | ||
| Accrued Interest Receivable | 37.14M | 44.61M | 54.57M | 53.56M | 35.52M | |
| Other Current Assets | 5.84M | 5.70M | 5.20M | 4.89M | 4.76M | |
| Long-Term Deferred Tax Assets | 53.27M | 88.61M | 99.51M | 125.14M | ||
| Other Long-Term Assets | 281.78M | 92.79M | 95.28M | 90.40M | 85.23M | 89.85M |
| Total Assets | 5.79B | 5.96B | 6.08B | 6.36B | 6.95B | 7.46B |
| Interest Bearing Deposits | 2.65B | 2.56B | 2.64B | 2.83B | 3.21B | 3.27B |
| Institutional Deposits | 27.18M | 34.65M | 40.70M | 64.79M | 71.08M | |
| Non-Interest Bearing Deposits | 2.17B | 2.25B | 2.33B | 2.61B | 2.95B | 3.07B |
| Total Deposits | 4.82B | 4.84B | 5.01B | 5.47B | 6.23B | 6.41B |
| Short-Term Borrowings | 139.06M | 137.30M | 120.32M | 58.16M | 57.79M | 146.25M |
| Current Portion of Leases | 6.43M | |||||
| Long-Term Leases | 15.78M | 17.98M | 18.81M | 15.75M | 17.98M | |
| Long-Term Deferred Tax Liabilities | 2.50M | |||||
| Other Long-Term Liabilities | 48.67M | 27.15M | 36.16M | 40.45M | 49.38M | 53.24M |
| Total Liabilities | 5.00B | 5.03B | 5.19B | 5.59B | 6.35B | 6.63B |
| Common Stock | 421.70M | 439.98M | 476.47M | 473.14M | 475.09M | 471.01M |
| Retained Earnings | 570.76M | 584.63M | 581.55M | 490.00M | 383.09M | 306.39M |
| Comprehensive Income & Other | -202.79M | -91.10M | -168.07M | -190.25M | -256.07M | 49.70M |
| Shareholders' Equity | 789.67M | 933.51M | 889.96M | 772.89M | 602.11M | 827.10M |
| Total Liabilities & Equity | 5.79B | 5.96B | 6.08B | 6.36B | 6.95B | 7.46B |
| Total Debt | 139.06M | 159.50M | 138.31M | 76.98M | 73.54M | 164.23M |
| Net Cash (Debt) | 183.45M | 408.76M | 463.19M | 113.34M | 220.70M | 967.86M |
| Net Cash Per Share | 7.68 | 15.92 | 17.36 | 4.24 | 8.20 | 36.02 |
| Filing Date Shares Outstanding | 23.08M | 24.35M | 26.71M | 26.67M | 26.91M | 26.87M |
| Total Common Shares Outstanding | 23.08M | 24.62M | 26.71M | 26.67M | 26.91M | 26.87M |
| Book Value Per Share | 34.21 | 37.91 | 33.32 | 28.98 | 22.37 | 30.79 |
| Tangible Book Value | 668.00M | 811.84M | 768.16M | 650.87M | 479.85M | 704.59M |
| Tangible Book Value Per Share | 28.94 | 32.97 | 28.76 | 24.40 | 17.83 | 26.23 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 116.17M | 138.64M | 161.77M | 122.03M | 86.51M | |
| Depreciation & Amortization | 7.25M | 10.40M | 11.77M | 16.57M | 16.62M | |
| Gain (Loss) on Sale of Assets | -1.37M | |||||
| Gain (Loss) on Sale of Investments | 125.00K | -34.00K | ||||
| Provision for Credit Losses | -550.00K | 300.00K | -1.15M | |||
| Change in Trading Asset Securities | 60.00K | |||||
| Accrued Interest Receivable | 7.46M | 9.96M | -1.01M | -18.04M | -2.50M | |
| Change in Income Taxes | -1.05M | |||||
| Change in Other Net Operating Assets | -16.00M | -10.54M | -10.93M | -9.24M | -10.47M | |
| Other Operating Activities | 2.86M | -8.90M | -1.72M | 386.00K | -5.58M | |
| Operating Cash Flow | 121.90M | 141.57M | 158.21M | 113.70M | 88.73M | |
| Capital Expenditures | -2.25M | -1.74M | -1.16M | -811.00K | -1.32M | |
| Investment in Securities | 60.64M | 666.80M | 459.96M | -743.95M | -498.51M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 90.31M | 44.19M | 90.19M | 108.11M | 193.75M | |
| Other Investing Activities | 904.00K | 6.44M | -1.72M | 5.37M | ||
| Investing Cash Flow | 149.61M | 715.68M | 547.27M | -631.29M | -306.08M | |
| Short-Term Debt Issued | 16.98M | 62.16M | 370.00K | 43.70M | ||
| Total Debt Issued | 16.98M | 62.16M | 370.00K | 43.70M | ||
| Short-Term Debt Repaid | -88.45M | |||||
| Total Debt Repaid | -88.45M | |||||
| Net Debt Issued (Repaid) | 16.98M | 62.16M | 370.00K | -88.45M | 43.70M | |
| Issuance of Common Stock | 376.00K | 1.49M | 950.00K | 2.25M | 3.02M | |
| Repurchase of Common Stock | -103.78M | -342.00K | -13.75M | -218.00K | -232.00K | |
| Common Dividends Paid | -46.94M | -46.96M | -45.95M | -45.18M | -44.30M | |
| Net Increase (Decrease) in Deposit Accounts | -171.83M | -462.42M | -751.02M | -188.67M | 725.98M | |
| Financing Cash Flow | -305.20M | -446.07M | -809.40M | -320.26M | 728.16M | |
| Net Cash Flow | -33.69M | 411.18M | -103.92M | -837.85M | 510.81M | |
| Free Cash Flow | 119.65M | 139.83M | 157.05M | 112.89M | 87.41M | |
| Free Cash Flow Margin | 46.30% | 47.68% | 48.39% | 42.76% | 40.69% | |
| Free Cash Flow Per Share | 4.66 | 5.24 | 5.88 | 4.20 | 3.25 | |
| Cash Interest Paid | 13.73M | 17.43M | 3.90M | 1.94M | 2.03M | |
| Cash Income Tax Paid | 33.02M | 57.26M | 64.02M | 39.84M | 27.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.40B | 1.19B | 1.40B | 1.50B | 1.59B | 1.55B |
| Last Close Price | 60.73 | 46.61 | 49.25 | 51.09 | 51.51 | 48.98 |
| PE Ratio | 13.10 | 10.27 | 10.10 | 9.29 | 13.01 | 17.93 |
| PS Ratio | 5.55 | 4.62 | 4.77 | 4.63 | 6.01 | 7.22 |
| PB Ratio | 1.78 | 1.28 | 1.57 | 1.95 | 2.64 | 1.88 |
| P/FCF Ratio | 12.91 | 9.97 | 10.01 | 9.57 | 14.07 | 17.74 |
| P/OCF Ratio | 12.60 | 9.78 | 9.89 | 9.50 | 13.97 | 17.48 |
| Debt / Equity Ratio | 0.18 | 0.17 | 0.15 | 0.10 | 0.12 | 0.20 |
| Debt / FCF Ratio | 1.33 | 0.99 | 0.49 | 0.65 | 1.88 | |
| Net Debt / Equity Ratio | -0.23 | -0.44 | -0.52 | -0.15 | -0.37 | -1.17 |
| Net Debt / FCF Ratio | -3.42 | -3.31 | -0.72 | -1.96 | -11.07 | |
| Return on Equity (ROE) | 12.86% | 12.74% | 16.67% | 23.53% | 17.08% | 10.35% |
| Return on Assets (ROA) | 1.89% | 1.93% | 2.23% | 2.43% | 1.69% | 1.22% |
| Earnings Yield | 7.63% | 9.74% | 9.90% | 10.76% | 7.68% | 5.58% |
| FCF Yield | 7.75% | 10.03% | 9.99% | 10.45% | 7.11% | 5.64% |
| Dividend Yield | 3.16% | 3.76% | 3.36% | 3.05% | 2.85% | 2.86% |
| Payout Ratio | 41.42% | 40.40% | 33.87% | 28.41% | 37.02% | 51.21% |
| Buyback Yield / Dilution | 8.59% | 3.79% | 0.07% | 0.75% | -0.14% | 0.33% |
| Total Shareholder Return | 11.76% | 7.55% | 3.43% | 3.80% | 2.71% | 3.19% |