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Westamerica Bancorporation

WABC Nasdaq National Commercial Banks Financials FY2016–FY2025

Revenue Total sales reported in the income statement.
$258M
12.2% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
39.5%
4.0 pts
Net income Profit after all expenses, interest and tax.
$116M
16.2%
Return on equity Net income as a share of average shareholders' equity.
12.7%
3.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
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On $4.54 EPS (TTM)

What Westamerica Bancorporation does

No business description yet.

Legal name
WESTAMERICA BANCORPORATION
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Feb 27, 2026
Accession · CIK
0001171843-26-001195
0000311094

Revenue and margins

Westamerica Bancorporation had $258M of revenue in fiscal 2025, down 12.2% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 7.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

Westamerica Bancorporation returned $151M to shareholders in fiscal 2025, 126% of free cash flow. The diluted share count fell 3.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net ———$806M$715M
Deposits $6.4B$6.2B$5.5B$5.0B$4.8B
Loans / deposits ———16.1%14.8%
Total assets $7.5B$7.0B$6.4B$6.1B$6.0B
Shareholders' equity $827M$602M$773M$890M$934M
Goodwill $122M$122M$122M$122M$122M
Intangible assets $0.8M$0.6M$0.3M$0.1M$0.0M
Provision / loans ———0.0%−0.1%

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $180M $193M $198M $204M $210M $215M $265M $324M $294M $258M
Net interest income $134M $136M $150M $157M $164M $171M $220M $280M $251M $217M
Noninterest income $46.6M $56.6M $48.1M $47.4M $45.6M $43.3M $45.1M $43.5M $43.2M $40.8M
Noninterest expense $104M $108M $107M $99.0M $98.6M $97.8M $99.4M $103M $104M $102M
Provision for credit losses −$3.2M −$1.9M $0.0M $0.0M $4.3M $0.0M $0.0M −$1.2M $0.3M −$0.6M
Interest expense $2.1M $1.9M $2.0M $1.9M $1.8M $2.0M $1.9M $3.9M — —
Pretax income $80.0M $87.2M $91.0M $105M $107M $117M $166M $222M $189M $157M
Income tax $21.1M $37.1M $19.4M $24.8M $26.4M $30.5M $43.6M $59.8M $50.4M $40.5M
Net income $58.9M $50.0M $71.6M $80.4M $80.4M $86.5M $122M $162M $139M $116M
Diluted EPS $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $77.6M $80.8M $96.6M $80.7M $108M $88.7M $114M $158M $142M $122M
Capital expenditure $1.8M $2.7M $3.1M $4.0M $2.2M $1.3M $0.8M $1.2M $1.7M $2.2M
Free cash flow $75.8M $78.0M $93.5M $76.7M $106M $87.4M $113M $157M $140M $120M
Depreciation and amortization $4.0M $3.9M $3.7M $3.9M $3.7M $3.0M $2.9M $2.9M $2.6M $2.5M
Share buybacks $5.4M $0.3M $0.5M $0.5M $16.5M $0.2M $0.2M $13.7M $0.2M $104M
Dividends paid $39.9M $41.3M $42.6M $43.9M $44.3M $44.3M $45.2M $46.0M $47.0M $46.9M
Dividends and buybacks $45.3M $41.6M $43.2M $44.4M $60.8M $44.5M $45.4M $59.7M $47.2M $151M
Balance sheet
Total debt $59.1M $58.5M $51.2M $30.9M $103M $146M $57.8M $58.2M $120M $137M
Loans, net — — — — — — — — $806M $715M
Deposits $4.7B $4.8B $4.9B $4.8B $5.7B $6.4B $6.2B $5.5B $5.0B $4.8B
Property and equipment, net $36.6M $35.3M $34.5M $34.6M $32.8M $31.2M $28.8M $27.0M $26.1M $25.7M
Goodwill $122M $122M $122M $122M $122M $122M $122M $122M $122M $122M
Intangible assets $6.9M $3.9M $1.9M $1.4M $1.1M $0.8M $0.6M $0.3M $0.1M $0.0M
Total assets $5.4B $5.5B $5.6B $5.6B $6.7B $7.5B $7.0B $6.4B $6.1B $6.0B
Total liabilities $4.8B $4.9B $5.0B $4.9B $5.9B $6.6B $6.3B $5.6B $5.2B $5.0B
Shareholders' equity $561M $590M $616M $731M $845M $827M $602M $773M $890M $934M
Margins
Net margin 32.6% 25.9% 36.2% 39.4% 38.4% 40.3% 46.1% 50.0% 47.2% 45.0%
FCF margin 42.0% 40.4% 47.2% 37.6% 50.3% 40.7% 42.6% 48.5% 47.6% 46.4%
Net interest share of revenue 74.2% 70.7% 75.7% 76.8% 78.2% 79.8% 83.0% 86.6% 85.3% 84.2%
Efficiency ratio 57.4% 55.8% 54.0% 48.5% 47.0% 45.5% 37.5% 31.9% 35.5% 39.5%
Returns
Return on equity 10.5% 8.7% 11.9% 11.9% 10.2% 10.3% 17.1% 23.5% 16.7% 12.7%
Return on assets 1.1% 0.9% 1.3% 1.4% 1.3% 1.2% 1.7% 2.4% 2.2% 1.9%
Return on tangible equity 13.6% 10.8% 14.5% 13.2% 11.1% 12.3% 25.4% 24.9% 18.0% 14.3%
Growth
Revenue growth — 7.0% 2.5% 3.2% 2.7% 2.5% 23.3% 22.2% −9.2% −12.2%
Net income growth — −15.0% 43.1% 12.3% 0.0% 7.6% 41.1% 32.6% −14.3% −16.2%
EPS growth — −17.5% 41.3% 11.6% 0.0% 8.1% 41.0% 33.5% −14.2% −13.1%
FCF growth — 2.9% 19.8% −18.0% 37.6% −17.2% 29.1% 39.1% −11.0% −14.4%
Share count change — 2.9% 1.3% 0.9% −0.2% −0.3% 0.1% −0.7% −0.1% −3.8%
Financial health
Debt / equity 0.1x 0.1x 0.1x 0.0x 0.1x 0.2x 0.1x 0.1x 0.1x 0.1x
Loans / deposits — — — — — — — — 16.1% 14.8%
Provision / loans — — — — — — — — 0.0% −0.1%
Capital allocation
Capex / revenue 1.0% 1.4% 1.6% 2.0% 1.0% 0.6% 0.3% 0.4% 0.6% 0.9%
Payouts / FCF 59.8% 53.3% 46.2% 57.9% 57.6% 51.0% 40.2% 38.0% 33.7% 126.0%
Quality scores
Piotroski F-score — 5.0 6.0 6.0 4.0 4.0 5.0 5.0 4.0 4.0
Accruals ratio −0.4% −0.6% −0.5% −0.0% −0.4% −0.0% 0.1% 0.1% −0.0% −0.1%

Source: SEC EDGAR XBRL filings (CIK 0000311094). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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