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Westamerica Bancorporation(WABC)Earnings, Financials & Key Ratios
WABC•NASDAQ•Banking & Credit
$58.77
13.0× P/E·Price updated Jul 7, 2026
AboutWestamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans. It operates through 78 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was incorporated in 1972 and is headquartered in San Rafael, California.Show more
- Net Interest Income$217M-13.3%
- Total Revenue$272M-12.6%
- Net Income$116M-16.2%
- Return on Equity12.74%-23.6%
- Net Interest Margin3.65%-11.6%
- Efficiency Ratio37.49%+11.8%
- ROA1.93%-13.4%
- Equity / Assets15.66%+6.9%
- Book Value per Share37.57+12.6%
WABC Price & Volume
Westamerica Bancorporation (WABC) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Westamerica Capital Returns
Investment Thesis • Updated 2026Q1
VerdictNegative: The bank's fundamental growth trajectory is contracting
Growth:Contracting
Profitability:Moderate
Financial:Fortress
Cash Flow:Stable
Primary Risk:Regional economic concentration risk
Key Thesis Takeaways
- Westamerica Bancorporation faces a challenging outlook characterized by a steady erosion of net interest income, which has declined from $69.4 million in 2023Q4 to $52.5 million in 2026Q1.
- While the bank maintains a fortress-like capital position with an equity-to-assets ratio of 0.15, the deliberate strategy of balance sheet shrinkage and reliance on a $5.1 billion securities portfolio creates significant earnings drag.
- Investors should monitor the sustainability of current capital return programs, including the $51 million share buyback in 2026Q1, against the backdrop of a deteriorating efficiency ratio that has climbed to 39.6%.
Verdict Logic
as evidenced by a 6.5% year-over-year decline in net interest income and a deteriorating efficiency ratio that reached 39.6% in 2026Q1.
WABC Growth Metrics
Westamerica Bancorporation (WABC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.96%
5 Years5.5%
3 Years0.62%
TTM-
Profit CAGR
10 Years7.06%
5 Years7.64%
3 Years-1.63%
TTM-15.58%
EPS CAGR
10 Years7.01%
5 Years8.74%
3 Years-0.07%
TTM-10.2%
Return on Capital
10 Years17.53%
5 Years20.16%
3 Years22.37%
Last Year16.26%
WABC Recent Earnings
Westamerica Bancorporation (WABC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (78%)●Beat Revenue 7/12 qtrs (78%)
Q2 2026Latest
Apr 16, 2026Metric
Actual
Est
EPS
$1.13+5.6%
$1.07
Rev
$62M+2.6%
$61M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$1.12
—
Rev
$67M
—
Q1 2026
Jan 15, 2026Metric
Actual
Est
EPS
$1.12+4.7%
$1.07
Rev
$64M+2.7%
$62M
Q4 2025
Oct 16, 2025Metric
Actual
Est
EPS
$1.12+3.7%
$1.08
Rev
$64M-0.6%
$64M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $1.13vs $1.07+5.6% | $62Mvs $61M+2.6% |
| Q1 2026 | Feb 27, 2026 | $1.12 | $67M |
| Q1 2026 | Jan 15, 2026 | $1.12vs $1.07+4.7% | $64Mvs $62M+2.7% |
| Q4 2025 | Oct 16, 2025 | $1.12vs $1.08+3.7% | $64Mvs $64M-0.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Westamerica Bancorporation (WABC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $58.77 | $1.38B | 12.97 | -12.64% | 42.74% | 12.74% | 3.21% | |
| $22.58 | $3.06B | 14.86 | -2.33% | 32.4% | 9.16% | — | |
| $67.33 | $2.29B | 11.94 | -0.95% | 24.82% | 10.66% | — | |
| $32.12 | $7.65B | 13.97 | 8.35% | 19.56% | 9.16% | — | |
| $81.11 | $4.23B | 8.72 | 173.81% | 14.31% | 12.02% | — | |
| $140.43 | $8.53B | 15.30 | -1.07% | 18.3% | 10.31% | — |
Compare WABC vs Peers
Westamerica Bancorporation (WABC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WABC SEC Filings & Documents
Westamerica Bancorporation (WABC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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WABC Frequently Asked Questions
Westamerica Bancorporation (WABC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Westamerica Bancorporation growing?
Westamerica Bancorporation (WABC) saw revenue decline by 12.6% over the past year.
Is WABC profitable?
Yes, Westamerica Bancorporation (WABC) is profitable, generating $112.5M in net income for fiscal year 2025 (42.7% net margin).
Dividend & Returns
Does WABC pay dividends?
Yes, Westamerica Bancorporation (WABC) pays a dividend with a yield of 3.21%. This makes it attractive for income-focused investors.
What is WABC's return on equity?
Westamerica Bancorporation (WABC) has a return on equity (ROE) of 12.7%. This is reasonable for most industries.
Industry Metrics
What is Westamerica Bancorporation's net interest margin?
Westamerica Bancorporation (WABC) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.
What is Westamerica Bancorporation's efficiency ratio?
Westamerica Bancorporation (WABC) has an efficiency ratio of 37.5%. This is excellent, indicating strong cost control.