WESTAMERICA BANCORPORATION WABC
Westamerica Bancorporation is a bank holding company registered under the Bank Holding Company Act of 1956, as amended ("BHCA"). Its legal headquarters are located at 1108 Fifth Avenue, San Rafael, California 94901. Its principal administrative offices are located at 4550 Mangels Boulevard, Fairfield, California 94534, its telephone number is (707) 863-6000 and its website address is www.westamerica.com. The Company provides a full range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the "Bank"). The Bank is a California-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation (the "FDIC") up to applicable limits. The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. The Company's strategic focus is on the banking needs of small businesses. In addition, the Bank owns 100% of the capital stock of Community Banker Services Corporation ("CBSC"), a company engaged in providing the Company and its subsidiaries with data processing services and other support functions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $231.0M | $268.0M | $284.0M | $221.8M | $173.4M | $165.9M | $158.7M | $151.7M | $138.3M | $135.9M |
| Interest expense | $217.3M | $250.6M | $280.1M | $219.8M | $2.0M | $1.8M | $1.9M | $2.0M | $1.9M | $2.1M |
| Pre-tax income | $156.7M | $189.1M | $221.6M | $165.6M | $117.0M | $106.8M | $105.2M | $91.0M | $87.2M | $80.0M |
| Income tax | $40.5M | $50.4M | $59.8M | $43.6M | $30.5M | $26.4M | $24.8M | $19.4M | $37.1M | $21.1M |
| Net income | $116.2M | $138.6M | $161.8M | $122.0M | $86.5M | $80.4M | $80.4M | $71.6M | $50.0M | $58.9M |
| EPS, basic | 4.52 | 5.20 | 6.06 | 4.54 | 3.22 | 2.98 | 2.98 | 2.69 | 1.90 | 2.30 |
| EPS, diluted | 4.52 | 5.20 | 6.06 | 4.54 | 3.22 | 2.98 | 2.98 | 2.67 | 1.89 | 2.29 |
| Shares, diluted (wtd. avg.) | 25.7M | 26.7M | 26.7M | 26.9M | 26.9M | 27.0M | 27.0M | 26.8M | 26.4M | 25.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $567.8M | $601.5M | $190.3M | $294.2M | $1.13B | $621.3M | $373.4M | $420.3M | $575.0M | $462.3M |
| Property, plant and equipment | $25.7M | $26.1M | $27.0M | $28.8M | $31.2M | $32.8M | $34.6M | $34.5M | $35.3M | $36.6M |
| Goodwill | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M | $121.7M |
| Other intangibles | $0 | $125.0K | $347.0K | $583.0K | $835.0K | $1.1M | $1.4M | $1.9M | $3.9M | $6.9M |
| Total assets | $5.96B | $6.08B | $6.36B | $6.95B | $7.46B | $6.75B | $5.62B | $5.57B | $5.51B | $5.37B |
| Short-term debt | $137.3M | $120.3M | $58.2M | $57.8M | $146.2M | $102.5M | $30.9M | $51.2M | $58.5M | $59.1M |
| Total liabilities | $5.03B | $5.19B | $5.59B | $6.35B | $6.63B | $5.90B | $4.89B | $4.95B | $4.92B | $4.80B |
| Retained earnings | $584.6M | $581.6M | $490.0M | $383.1M | $306.4M | $264.4M | $239.1M | $205.8M | $173.8M | $165.3M |
| Total equity | $933.5M | $890.0M | $772.9M | $602.1M | $827.1M | $844.8M | $731.4M | $615.6M | $590.2M | $561.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $121.9M | $141.6M | $158.2M | $113.7M | $88.7M | $107.7M | $80.7M | $96.6M | $80.8M | $77.6M |
| Depreciation and amortisation | $7.2M | $10.4M | $11.8M | $16.6M | $16.6M | $22.6M | $20.6M | $24.4M | $26.1M | $19.9M |
| Capital expenditure | $2.2M | $1.7M | $1.2M | $811.0K | $1.3M | $2.2M | $4.0M | $3.1M | $2.7M | $1.8M |
| Investing cash flow | $149.6M | $715.7M | $547.3M | -$631.3M | -$306.1M | -$748.9M | -$22.3M | -$253.6M | -$73.3M | -$197.3M |
| Financing cash flow | -$305.2M | -$446.1M | -$809.4M | -$320.3M | $728.2M | $889.0M | -$105.3M | $2.2M | $105.2M | $148.9M |
| Dividends paid | $46.9M | $47.0M | $46.0M | $45.2M | $44.3M | $44.3M | $43.9M | $42.6M | $41.3M | $39.9M |
| Buybacks | $103.8M | $210.0K | $13.7M | $218.0K | $232.0K | $16.5M | $488.0K | $524.0K | $314.0K | $5.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-001195.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.9M | $138.3M | $151.7M | $158.7M | $165.9M | $173.4M | $221.8M | $284.0M | $268.0M | $231.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $58.9M | $50.0M | $71.6M | $80.4M | $80.4M | $86.5M | $122.0M | $161.8M | $138.6M | $116.2M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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