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Westamerica Bancorporation

Westamerica Bancorporation

WABC · NASDAQ · Financial Services / Banks - Regional

59.47USD-0.17 (-0.29%)

Price History

Full chart

Market Stats

Previous Close59.64
Open59.69
Day Range59.04 – 60.41
52-Week Range43.36 – 63.10
Volume100.30K
Market Cap1.40B
P/E (TTM)13.39
Forward P/E21.10
EPS4.53
Dividend Yield3.16%
Beta0.55
50-Day Avg59.51
200-Day Avg54.61

About

Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers in the United States. The company accepts various deposit products from local businesses and professionals, as well as retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial real estate, residential real estate, real estate construction, consumer installment loans, as well as indirect automobile loans. The company serves small businesses, professionals, and consumers. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1884 and is headquartered in San Rafael, California.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. David L. Payne
  • Employees608
  • Headquarters1108 Fifth Avenue, San Rafael, CA, United States, 94901, USA
  • Websitehttps://www.westamerica.com

Leadership

  • Mr. David L. PayneChairman, President & CEO · b. 1955
  • Ms. Anela M. JonasSenior VP & CFO · b. 1974
  • Mr. Brian J. DonohoeSenior VP & Chief Information Officer · b. 1981
  • Mr. Russell W. RizzardiSenior VP & Chief Credit Administrator of Westamerica Bank · b. 1955
  • Mr. Robert James Baker Jr.Senior VP & Banking Division Manager · b. 1965
  • Ms. Diane CunninghamCorporate Executive Secretary
  • Cheryl ThorsenSenior Vice President of Human Resources Division Manager
  • Curtis BeltonSenior VP & Risk Officer
  • Mr. Kris IrvineVP & Corporate Secretary
  • Mr. Matthew MihalikSenior VP & Treasurer

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue---142.80M144.00M133.50M121.60M160.80M153.60M317.90M310.50M307.70M304.70M297.87M310.65M299.71M274.18M266.41M264.30M297.34M301.86M295.15M206.41M305.12M282.43M268.08M240.39M211.41M192.00M184.40M182.49M194.31M199.87M206.09M207.96M216.79M266.88M327.54M311.17M271.84M
Growth (%)----+0.84%-7.29%-8.91%+32.24%-4.48%+106.97%-2.33%-0.90%-0.97%-2.24%+4.29%-3.52%-8.52%-2.84%-0.79%+12.50%+1.52%-2.22%-30.07%+47.82%-7.43%-5.08%-10.33%-12.06%-9.18%-3.96%-1.03%+6.48%+2.86%+3.11%+0.91%+4.25%+23.11%+22.73%-5.00%-12.64%
Cost of Revenue---74.10M74.10M62.30M42.50M51.80M47.00M110.80M104.00M95.70M91.90M83.30M92.29M72.49M42.78M30.50M23.81M44.55M65.71M73.25M35.94M29.88M24.04M19.58M16.94M12.67M6.24M2.42M-1.08M01.96M1.89M6.12M1.96M1.93M2.74M17.72M13.16M
Gross Profit---68.70M69.90M71.20M79.10M109.00M106.60M207.10M206.50M212.00M212.80M214.57M218.36M227.22M231.40M235.91M240.50M252.79M236.15M221.90M170.47M275.24M258.39M248.49M223.44M198.74M185.75M181.97M183.58M194.31M197.91M204.20M201.83M214.83M264.95M324.80M293.45M258.70M
Gross Margin---48.11%48.54%53.33%65.05%67.79%69.40%65.15%66.51%68.90%69.84%72.04%70.29%75.81%84.40%88.55%90.99%85.02%78.23%75.18%82.59%90.21%91.49%92.70%92.95%94.01%96.75%98.69%100.59%100.00%99.02%99.08%97.06%99.10%99.28%99.16%94.31%95.16%
Operating Expense---58.50M54.00M54.10M57.40M96.50M71.00M142.00M136.10M137.90M101.40M100.07M100.20M102.65M103.32M101.70M111.48M107.25M101.72M101.43M100.76M91.93M126.97M127.68M116.89M112.61M106.80M105.30M103.62M107.14M106.92M98.99M95.03M97.81M99.36M103.22M104.39M102.01M
Operating Income8.60M2.90M4.80M10.20M15.90M17.10M21.70M12.50M35.60M65.10M70.40M74.10M111.40M114.50M118.16M124.57M128.08M134.21M129.01M145.54M134.43M120.47M69.71M183.30M131.42M120.82M106.56M86.12M78.95M76.67M79.96M87.17M91.00M105.22M106.80M117.03M165.59M221.58M189.06M156.69M
Operating Margin---7.14%11.04%12.81%17.85%7.77%23.18%20.48%22.67%24.08%36.56%38.44%38.04%41.56%46.71%50.38%48.81%48.95%44.53%40.82%33.77%60.08%46.53%45.07%44.33%40.74%41.12%41.58%43.81%44.86%45.53%51.05%51.36%53.98%62.05%67.65%60.76%57.64%
EBITDA8.60M2.90M4.80M12.90M18.40M19.40M24.80M15.70M38.10M73.90M79.30M82.70M120.50M124.00M126.58M134.15M135.00M140.40M135.07M155.30M144.23M129.96M79.15M193.73M146.75M135.07M120.63M104.14M94.45M93.07M99.90M113.25M115.40M125.84M129.45M133.64M182.16M233.35M199.46M162.78M
EBITDA Margin---9.03%12.78%14.53%20.39%9.76%24.80%23.25%25.54%26.88%39.55%41.63%40.75%44.76%49.24%52.70%51.11%52.23%47.78%44.03%38.34%63.49%51.96%50.38%50.18%49.26%49.20%50.48%54.74%58.28%57.74%61.06%62.25%61.65%68.25%71.25%64.10%59.88%
Net Income8.60M2.90M4.80M7.30M10.80M11.60M14.00M9.50M24.70M43.20M46.80M48.10M73.40M76.10M79.78M84.28M87.14M95.06M93.26M106.04M98.81M89.78M59.84M125.43M94.58M87.89M81.13M67.18M60.65M58.75M58.85M50.02M71.56M80.39M80.41M86.51M122.03M161.77M138.64M116.17M
Net Income Margin---5.11%7.50%8.69%11.51%5.91%16.08%13.59%15.07%15.63%24.09%25.55%25.68%28.12%31.78%35.68%35.28%35.66%32.73%30.42%28.99%41.11%33.49%32.78%33.75%31.78%31.59%31.86%32.25%25.74%35.80%39.01%38.67%39.90%45.73%49.39%44.55%42.74%
R&D------------------------000000000-------
R&D as % of Total Revenue------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense00068.40M69.00M57.00M37.70M42.30M41.10M95.60M91.70M88.10M86.70M78.50M88.61M68.89M39.18M27.20M21.11M43.65M65.27M72.56M33.24M19.38M12.84M8.38M5.74M4.67M3.44M2.42M2.12M1.90M1.96M1.89M1.82M1.96M1.93M3.89M17.42M13.71M
Interest Expense % of Total Revenue---47.90%47.92%42.70%31.00%26.31%26.76%30.07%29.53%28.63%28.45%26.35%28.53%22.98%14.29%10.21%7.99%14.68%21.62%24.58%16.11%6.35%4.55%3.13%2.39%2.21%1.79%1.31%1.16%0.98%0.98%0.92%0.88%0.90%0.72%1.19%5.60%5.04%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets---1.35B1.33B1.31B1.38B2.00B2.03B2.49B3.87B3.85B3.84B3.89B4.03B3.93B4.22B4.58B4.74B5.16B4.77B4.56B4.03B4.98B4.93B5.04B4.95B4.85B5.04B5.17B5.37B5.51B5.57B5.62B6.75B7.46B6.95B6.36B6.08B5.96B
Total Liabilities---1.28B1.25B1.22B1.28B1.85B1.86B2.27B3.49B3.44B3.48B3.59B3.69B3.61B3.88B4.24B4.38B4.72B4.35B4.16B3.62B4.47B4.39B4.48B4.39B4.30B4.51B4.64B4.80B4.92B4.95B4.89B5.90B6.63B6.35B5.59B5.19B5.03B
Total Equity---70.60M79.20M89.20M108.70M152.40M166.20M223.90M379.30M407.20M368.60M300.60M337.75M314.36M341.50M340.37M358.61M435.06M424.24M394.60M409.85M505.45M545.29M558.64M560.10M542.93M526.60M532.21M561.37M590.24M615.59M731.42M844.81M827.10M602.11M772.89M889.96M933.51M
Cash---86.80M80.90M62.20M95.90M102.60M112.40M182.10M355.20M250.80M229.70M255.70M286.48M179.18M222.58M189.63M126.15M209.27M184.44M209.76M138.88M361.13M338.79M530.04M491.38M472.03M380.84M433.04M462.27M575.00M420.28M373.42M621.27M1.13B294.24M190.31M601.49M567.80M
Total Debt---40.80M53.30M25.50M26.10M105.50M158.70M195.60M387.40M317.30M251.20M503.80M417.98M339.73M544.34M720.29M756.85M815.45M768.90M835.37M457.27M312.65M169.08M282.40M119.49M155.91M199.58M106.06M118.16M116.94M102.49M78.99M121.38M164.23M73.54M76.98M138.31M159.50M
Net Debt----46.00M-27.60M-36.70M-69.80M2.90M46.30M13.50M32.20M66.50M21.50M248.10M131.50M160.55M321.77M530.66M630.70M606.18M584.46M625.61M318.39M-48.49M-169.71M-247.64M-371.90M-316.12M-181.25M-326.99M-344.12M-458.06M-317.79M-294.43M-499.90M-967.86M-220.70M-113.34M-463.19M-408.30M

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow10.90M21.50M19.30M24.10M28.40M27.70M64.00M56.70M78.50M63.30M95.90M93.13M98.72M90.56M115.36M111.29M117.79M107.99M108.36M93.12M149.03M114.97M120.39M119.46M85.31M82.31M70.40M77.64M80.75M96.63M80.70M107.74M88.73M113.70M158.21M141.57M121.90M
Investing Cash Flow-65.40M10.80M-13.10M2.90M-77.40M-22.30M-44.30M102.80M-91.60M-14.50M-77.70M11.75M-9.16M-152.10M-396.49M-253.03M246.90M358.16M217.97M409.25M840.83M298.51M67.64M5.70M50.92M-295.26M-102.26M-197.26M-73.26M-253.56M-22.30M-748.92M-306.08M-631.29M547.27M715.68M149.67M
Financing Cash Flow68.30M-38.20M-25.00M1.40M12.10M4.30M35.30M-147.20M-91.30M-69.90M7.80M-74.13M-196.85M104.93M248.18M78.26M-281.57M-490.98M-301.00M-573.25M-767.61M-435.83M3.21M-163.82M-155.59M121.76M84.07M148.85M105.23M2.22M-105.27M889.03M728.16M-320.26M-809.40M-446.07M-305.20M
Capital Expenditure1.40M1.40M2.50M1.10M3.50M1.80M9.10M19.20M5.00M4.20M3.50M2.57M4.06M1.55M4.34M3.39M1.66M588.00K1.56M1.91M14.18M1.45M3.31M4.83M1.69M3.79M4.47M1.82M2.72M3.12M3.99M2.20M1.32M811.00K1.16M1.74M2.25M
Free Cash Flow9.50M20.10M16.80M23.00M24.90M25.90M54.90M37.50M73.50M59.10M92.40M90.56M94.66M89.00M111.02M107.90M117.90M107.40M106.80M91.22M134.85M113.52M117.08M114.63M83.62M78.52M65.93M75.82M78.03M93.51M76.71M105.54M87.41M112.89M157.05M139.83M119.59M
Dividends Paid2.10M2.30M2.50M3.00M4.70M5.20M12.10M15.00M13.40M21.90M25.60M26.99M29.07M30.26M32.94M35.09M39.32M40.70M40.65M40.24M43.82M42.09M41.67M41.01M40.10M39.76M39.12M39.92M41.30M42.63M43.94M44.28M44.30M45.18M45.95M46.96M46.94M
FCF to OCF87.16%93.49%87.05%95.44%87.68%93.50%85.78%66.14%93.63%93.36%96.35%97.24%95.89%98.28%96.23%96.95%100.09%99.46%98.56%97.95%90.49%98.74%97.25%95.95%98.02%95.39%93.65%97.66%96.63%96.77%95.05%97.96%98.51%99.29%99.27%98.77%98.11%
Dividend Paid to FCF22.11%11.44%14.88%13.04%18.88%20.08%22.04%40.00%18.23%37.06%27.71%29.81%30.71%34.00%29.67%32.52%33.35%37.89%38.06%44.11%32.49%37.08%35.59%35.77%47.95%50.64%59.34%52.66%52.92%45.60%57.28%41.96%50.68%40.02%29.26%33.58%39.25%

Earnings

Report DateOct 15, 1995Jan 17, 1996Apr 15, 1996Jul 15, 1996Oct 15, 1996Feb 3, 1997Apr 15, 1997Jul 15, 1997Oct 14, 1997Jan 20, 1998Apr 14, 1998Jul 14, 1998Oct 13, 1998Jan 19, 1999Apr 13, 1999Jul 13, 1999Oct 12, 1999Jan 18, 2000Apr 11, 2000Jul 11, 2000Oct 10, 2000Jan 23, 2001Apr 17, 2001Jul 17, 2001Oct 16, 2001Jan 22, 2002Apr 16, 2002Jul 16, 2002Oct 15, 2002Jan 21, 2003Apr 15, 2003Jul 15, 2003Oct 14, 2003Jan 20, 2004Apr 13, 2004Jul 20, 2004Oct 19, 2004Jan 20, 2005Apr 19, 2005Jul 19, 2005Oct 18, 2005Jan 19, 2006Apr 18, 2006Jul 18, 2006Oct 17, 2006Jan 18, 2007Apr 17, 2007Jul 17, 2007Oct 16, 2007Jan 17, 2008Apr 15, 2008Jul 15, 2008Oct 15, 2008Jan 15, 2009Apr 17, 2009Jul 14, 2009Oct 14, 2009Jan 21, 2010Apr 13, 2010Jul 13, 2010Oct 19, 2010Jan 20, 2011Apr 19, 2011Jul 19, 2011Oct 19, 2011Jan 19, 2012Apr 17, 2012Jul 16, 2012Oct 17, 2012Jan 17, 2013Apr 16, 2013Jul 16, 2013Oct 16, 2013Jan 16, 2014Apr 15, 2014Jul 15, 2014Oct 15, 2014Jan 15, 2015Apr 15, 2015Jul 15, 2015Oct 14, 2015Jan 21, 2016Apr 21, 2016Jul 21, 2016Oct 20, 2016Jan 19, 2017Apr 20, 2017Jul 20, 2017Oct 19, 2017Jan 18, 2018Apr 19, 2018Jul 19, 2018Oct 18, 2018Jan 17, 2019Apr 18, 2019Jul 18, 2019Oct 17, 2019Jan 16, 2020Apr 16, 2020Jul 16, 2020Oct 15, 2020Jan 21, 2021Apr 15, 2021Jul 15, 2021Oct 21, 2021Jan 20, 2022Apr 21, 2022Jul 21, 2022Oct 20, 2022Jan 19, 2023Apr 20, 2023Jul 20, 2023Oct 19, 2023Jan 18, 2024Apr 18, 2024Jul 18, 2024Oct 17, 2024Jan 16, 2025Apr 17, 2025Jul 17, 2025Oct 16, 2025Jan 15, 2026Apr 16, 2026Jul 16, 2026Oct 15, 2026
EPS Estimate0.280.300.310.320.330.350.350.310.410.430.420.430.440.450.460.470.500.510.510.530.550.560.570.570.590.610.630.640.660.680.690.700.720.730.750.760.780.800.780.810.830.840.810.770.770.770.740.750.750.750.830.710.780.770.690.760.780.840.810.820.810.820.790.780.800.790.750.760.730.700.640.650.630.610.580.580.580.570.570.570.580.580.560.570.560.560.550.560.570.580.670.670.690.700.730.730.730.750.620.650.740.740.740.770.800.820.780.841.001.451.371.391.441.461.371.301.241.181.111.071.081.071.071.101.17
EPS Actual0.280.300.310.320.330.350.350.360.410.420.420.420.440.460.460.480.500.510.520.540.550.560.560.580.600.620.630.640.670.680.690.710.720.730.740.760.780.780.780.810.890.850.810.770.770.770.740.740.740.760.920.420.780.780.800.750.810.810.800.800.810.810.770.740.790.770.750.750.730.700.640.640.630.600.580.580.580.580.570.580.580.570.560.570.610.560.570.600.570.620.660.670.700.710.730.730.750.770.630.720.740.740.750.840.820.810.840.941.261.461.511.511.561.481.371.331.311.191.161.121.121.121.131.17-
Surprise0.00%0.00%0.00%0.00%0.00%0.00%0.00%16.13%0.00%-2.33%0.00%-2.33%0.00%2.22%0.00%2.13%0.00%0.00%1.96%1.89%0.00%0.00%-1.75%1.75%1.69%1.64%0.00%0.00%1.52%0.00%0.00%1.43%0.00%0.00%-1.33%0.00%0.00%-2.50%0.00%0.00%7.23%1.19%0.00%0.00%0.00%0.00%0.00%-1.33%-1.33%1.33%10.84%-40.85%0.00%1.30%15.94%-1.32%3.85%-3.57%-1.23%-2.44%0.00%-1.22%-2.53%-5.13%-1.25%-2.53%0.00%-1.32%0.00%0.00%0.00%-1.54%0.00%-1.64%0.00%0.00%0.00%1.75%0.00%1.75%0.00%-1.72%0.00%0.00%8.93%0.00%3.64%7.14%0.00%6.90%-1.49%0.00%1.45%1.43%0.00%0.00%2.74%2.67%1.61%10.77%0.00%0.00%1.35%9.09%2.50%-1.22%7.69%11.90%26.00%0.69%10.22%8.63%8.33%1.37%0.00%2.31%5.65%0.85%4.50%4.67%3.70%4.67%5.61%6.36%-
Timing-------Pre-marketPre-marketPre-marketPre-market---------After-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.40B
Enterprise Value1.25B
Trailing P/E13.39
Forward P/E21.10
PEG Ratio4.62
Price / Sales5.56
Price / Book1.34
EPS4.53
Book Value37.09
Revenue (TTM)252.20M
Gross Profit (TTM)252.20M
Profit Margin43.94%
Operating Margin60.29%
Return on Equity12.49%
Return on Assets1.91%
Shares Outstanding23.11M
Shares Float21.86M
Beta0.55
Dividend Yield3.16%
Dividend Rate1.92
Payout Ratio41.41%

Analyst Ratings

Hold
Based on 2 analystsTarget 64.00
  • Hold
    2

Ownership Breakdown

Institutions
81.65%
Insiders
3.61%
Retail / Other
14.74%

Top Institutional Holders

  • BlackRock Inc
    3.45M14.93%
  • American Century Companies Inc
    1.96M8.47%
  • Vanguard Portfolio Management, LLC
    1.76M7.61%
  • State Street Corp
    1.20M5.21%
  • Vanguard Capital Management, LLC
    1.10M4.74%
  • Dimensional Fund Advisors, Inc.
    983.64K4.26%
  • Geode Capital Management, LLC
    613.16K2.65%
  • AQR Capital Management LLC
    399.05K1.73%
  • Nuveen, LLC
    359.35K1.55%
  • Palisade Capital Management LLc
    304.95K1.32%
  • Two Sigma Investments LLC
    303.84K1.31%
  • Charles Schwab Investment Management Inc
    297.93K1.29%
  • Northern Trust Corp
    288.98K1.25%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.43M6.17%
  • Avantis US Small Cap Value ETF
    812.07K3.51%
  • Vanguard MStar Total Stk Mkt Idx Invest
    740.59K3.20%
  • iShares Russell 2000 ETF
    593.36K2.57%
  • American Century Mid Cap Value Inv
    575.99K2.49%
  • Vanguard Small Cap Index
    542.51K2.35%
  • Vanguard MStar Small Cap Value Index
    343.21K1.49%

Dividends

20264×
0.48Nov 2, 20260.48Aug 3, 20260.48May 4, 20260.46Feb 2, 2026
20254×
0.46Nov 3, 20250.46Aug 4, 20250.46May 5, 20250.44Feb 3, 2025
20244×
0.44Nov 4, 20240.44Aug 5, 20240.44May 3, 20240.44Feb 2, 2024
20234×
0.44Nov 3, 20230.44Aug 4, 20230.42May 5, 20230.42Feb 3, 2023
20224×
0.42Nov 4, 20220.42Aug 5, 20220.42May 6, 20220.42Feb 4, 2022
20214×
0.42Nov 5, 20210.41Jul 30, 20210.41Apr 30, 20210.41Feb 5, 2021

Stock Splits

  • Feb 26, 19983:1
  • Jun 11, 19872:1