Westamerica Bancorporation income statement
In fiscal 2025, Westamerica Bancorporation reported revenue of $258m, down 12.2% on the year before and net income of $116m, or $4.52 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 335 | 270 | 260 | 235 | 207 | 189 | 182 | 180 | 193 | 198 | 204 | 210 | 215 | 265 | 324 | 294 | 258 | 252 |
| Interest expense | 19 | 13 | 8 | 6 | 5 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | — | — | — |
| Net interest income | 223 | 208 | 200 | 178 | 150 | 137 | 134 | 134 | 136 | 150 | 157 | 164 | 171 | 220 | 280 | 251 | 217 | 212 |
| Non-interest income | 112 | 61 | 60 | 57 | 57 | 52 | 48 | 47 | 57 | 48 | 47 | 46 | 43 | 45 | 44 | 43 | 41 | 40 |
| Non-interest expense | 141 | 127 | 128 | 117 | 113 | 107 | 105 | 104 | 108 | 107 | 99 | 99 | 98 | 99 | 103 | 104 | 102 | 103 |
| Provision for credit losses | 11 | 11 | 11 | 11 | 8 | 3 | 0 | −3 | −2 | 0 | 0 | 4 | 0 | 0 | −1 | 0 | −1 | −0 |
| Income before tax | 183 | 131 | 121 | 107 | 86 | 79 | 77 | 80 | 87 | 91 | 105 | 107 | 117 | 166 | 222 | 189 | 157 | 149 |
| Income tax | 58 | 37 | 33 | 25 | 19 | 18 | 18 | 21 | 37 | 19 | 25 | 26 | 31 | 44 | 60 | 50 | 41 | 38 |
| Net income | 125 | 95 | 88 | 81 | 67 | 61 | 59 | 59 | 50 | 72 | 80 | 80 | 87 | 122 | 162 | 139 | 116 | 111 |
| Diluted EPS | $4.14 | $3.21 | $3.06 | $2.93 | $2.50 | $2.32 | $2.30 | $2.29 | $1.89 | $2.67 | $2.98 | $2.98 | $3.22 | $4.54 | $6.06 | $5.20 | $4.52 | $4.53 |
| Diluted shares (average) | 29m | 29m | 29m | 28m | 27m | 26m | 26m | 26m | 26m | 27m | 27m | 27m | 27m | 27m | 27m | 27m | 26m | 24m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 74 | 70 | 66 | 65 | 64 | 63 | 62 | 63 |
| Net interest income | 62 | 59 | 56 | 54 | 54 | 53 | 52 | 52 |
| Non-interest income | 12 | 11 | 10 | 10 | 10 | 10 | 10 | 10 |
| Non-interest expense | 26 | 26 | 25 | 26 | 26 | 25 | 26 | 26 |
| Provision for credit losses | 0 | 0 | −1 | 0 | 0 | 0 | −0 | 0 |
| Income before tax | 48 | 44 | 42 | 39 | 38 | 38 | 36 | 37 |
| Income tax | 13 | 12 | 11 | 10 | 10 | 10 | 9 | 9 |
| Net income | 35 | 32 | 31 | 29 | 28 | 28 | 27 | 27 |
| Diluted EPS | $1.31 | $1.19 | $1.16 | $1.12 | $1.12 | $1.12 | $1.13 | $1.17 |
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