Westamerica Bancorporation (WABC)

WABC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	43.8	45.29	47.12	49.68	57.56	59.38
Interest Income on Investments	203.35	222.73	236.9	172.07	115.89	106.48
Total Interest Income	247.15	268.01	284.01	221.76	173.44	165.86
Interest Paid on Deposits	12.65	10.94	3.77	1.85	1.88	1.77
Interest Paid on Borrowings	3.05	6.48	0.12	0.08	0.08	0.05
Total Interest Expense	15.7	17.42	3.89	1.93	1.96	1.82
Net Interest Income	231.46	250.6	280.12	219.83	171.49	164.03
Net Interest Income Growth (YoY)	-14.46%	-10.54%	27.43%	28.19%	4.54%	4.62%
Trust Income	3.48	3.32	3.12	3.22	3.31	3.01
Gain (Loss) on Sale of Assets	-	-	-	-	-	3.54
Gain (Loss) on Sale of Investments	-	-	-0.13	-	0.03	0.07
Other Non-Interest Income	25.47	25.61	26.08	26.49	26.3	24.87
Total Non-Interest Income	42.78	42.95	43.24	44.19	43.35	45.64
Non-Interest Income Growth (YoY)	0.45%	-0.67%	-2.15%	1.95%	-5.02%	-2.85%
Revenues Before Loan Losses	274.24	293.55	323.37	264.02	214.83	209.67
Provision for Loan Losses	-0.55	0.3	-1.15	-	-	4.3
Revenue	274.79	293.25	324.52	264.02	214.83	205.37
Revenue Growth (YoY)	-12.06%	-9.63%	22.91%	22.90%	4.61%	0.78%
Salaries and Employee Benefits	48.34	48.81	46.52	44.82	46.59	48.87
Occupancy Expenses	13.97	13.99	13.92	13.31	12.56	12.94
Selling, General & Administrative	22.88	22.62	22.21	22.81	23.03	22.42
Other Non-Interest Expense	13.5	13.79	14.82	12.7	13.01	11.89
Total Non-Interest Expense	102.82	104.39	103.22	99.36	97.81	98.57
EBT Excluding Unusual Items	171.97	188.86	221.3	164.66	117.03	106.8
Pretax Income	172.38	189.06	221.58	165.59	117.03	106.8
Income Tax Expense	45.52	50.42	59.81	43.56	30.52	26.39
Net Income	126.86	138.64	161.77	122.03	86.51	80.41
Net Income to Common	126.86	138.64	161.77	122.03	86.51	80.41
Net Income Growth	-17.06%	-14.30%	32.56%	41.07%	7.58%	0.03%
Basic Shares Outstanding	26	27	27	27	27	27
Diluted Shares Outstanding	26	27	27	27	27	27
Shares Change (YoY)	-0.71%	-0.07%	-0.75%	0.14%	-0.33%	-0.17%
EPS (Basic)	4.79	5.20	6.06	4.54	3.22	2.98
EPS (Diluted)	4.79	5.20	6.06	4.54	3.22	2.98
EPS Growth	-16.38%	-14.24%	33.51%	40.91%	8.05%	-
Dividend Per Share	1.780	1.760	1.720	1.680	1.650	1.640
Dividend Growth	1.14%	2.33%	2.38%	1.82%	0.61%	0.61%
Effective Tax Rate	26.41%	26.67%	26.99%	26.30%	26.08%	24.71%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q