Westamerica Bancorporation Financials
This page shows Westamerica Bancorporation (WABC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Westamerica Bancorporation's revenue declined 5.6% year-over-year, from $284.0M to $268.0M. This contraction results in a growth score of 12/100.
Westamerica Bancorporation has elevated debt relative to equity (D/E of 5.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Westamerica Bancorporation converts 52.2% of revenue into free cash flow ($139.8M). This strong cash generation earns a score of 100/100.
Westamerica Bancorporation's ROE of 15.6% shows moderate profitability relative to equity, earning a score of 62/100. This is down from 20.9% the prior year.
Westamerica Bancorporation passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Westamerica Bancorporation generates $1.02 in operating cash flow ($141.6M OCF vs $138.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Westamerica Bancorporation generated $268.0M in revenue in fiscal year 2024. This represents a decrease of 5.6% from the prior year.
Westamerica Bancorporation generated $139.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 11.0% from the prior year.
Westamerica Bancorporation reported $138.6M in net income in fiscal year 2024. This represents a decrease of 14.3% from the prior year.
Westamerica Bancorporation earned $5.20 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 14.2% from the prior year.
Westamerica Bancorporation paid $1.76 per share in dividends in fiscal year 2024. This represents an increase of 2.3% from the prior year.
Westamerica Bancorporation had 27M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Westamerica Bancorporation's net profit margin was 51.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.2 percentage points from the prior year.
Westamerica Bancorporation's ROE was 15.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.4 percentage points from the prior year.
Westamerica Bancorporation spent $210K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 98.5% from the prior year.
Westamerica Bancorporation invested $1.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 50.2% from the prior year.
WABC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.2M-0.4% | $57.5M-3.4% | $59.5M-4.7% | $62.4M-9.7% | $69.1M+0.5% | $68.7M-3.2% | $71.1M-2.5% | $72.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $3.6M+14.3% | $3.2M-6.1% | $3.4M-2.0% | $3.5M-34.7% | $5.3M+76.8% | $3.0M-95.7% | $69.4M+6022.9% | $1.1M |
| Income Tax | $9.7M-3.2% | $10.0M-7.4% | $10.8M-10.1% | $12.0M-5.2% | $12.7M-2.7% | $13.0M-15.3% | $15.4M+0.2% | $15.3M |
| Net Income | $28.3M-2.8% | $29.1M-6.4% | $31.0M-2.1% | $31.7M-10.6% | $35.5M-2.6% | $36.4M-7.7% | $39.5M-5.1% | $41.6M |
| EPS (Diluted) | $1.120.0% | $1.12-3.4% | $1.16-2.5% | $1.19-10.5% | $1.33-2.9% | $1.37-7.4% | $1.48-5.1% | $1.56 |
WABC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9B+1.5% | $5.8B-2.4% | $6.0B-1.8% | $6.1B-3.7% | $6.3B-2.4% | $6.5B+1.6% | $6.4B-3.1% | $6.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $121.7M0.0% | $121.7M0.0% | $121.7M0.0% | $121.7M0.0% | $121.7M0.0% | $121.7M0.0% | $121.7M0.0% | $121.7M |
| Total Liabilities | $5.0B+1.6% | $4.9B-2.8% | $5.0B-2.8% | $5.2B-5.6% | $5.5B-3.1% | $5.7B+1.5% | $5.6B-5.5% | $5.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $931.6M+1.1% | $921.8M-0.1% | $923.1M+3.7% | $890.0M+9.1% | $815.6M+3.0% | $791.7M+2.4% | $772.9M+19.2% | $648.4M |
| Retained Earnings | $583.0M+0.2% | $581.6M-1.3% | $589.1M+1.3% | $581.6M+8.0% | $538.3M+4.6% | $514.6M+5.0% | $490.0M+6.0% | $462.3M |
WABC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.4M+25.1% | $23.5M-44.5% | $42.4M+42.4% | $29.8M+56.4% | $19.0M-63.5% | $52.2M+754.2% | -$8.0M-113.6% | $58.5M |
| Capital Expenditures | $686K-6.7% | $735K+269.3% | $199K-70.2% | $667K+44.7% | $461K+277.9% | $122K-53.8% | $264K-14.0% | $307K |
| Free Cash Flow | $28.7M+26.1% | $22.8M-46.0% | $42.2M+45.0% | $29.1M+56.7% | $18.6M-64.3% | $52.1M+731.8% | -$8.2M-114.2% | $58.2M |
| Investing Cash Flow | -$39.5M-161.2% | $64.5M-75.0% | $258.3M+78.3% | $144.8M-33.6% | $218.0M+66.6% | $130.8M+85.7% | $70.5M-48.6% | $137.1M |
| Financing Cash Flow | $42.9M+122.7% | -$188.9M-8.1% | -$174.8M-129.9% | -$76.0M+58.9% | -$185.2M-404.2% | $60.9M+120.8% | -$292.7M-608.7% | -$41.3M |
| Dividends Paid | $11.7M-2.7% | $12.0M+2.3% | $11.8M+0.1% | $11.7M0.0% | $11.7M0.0% | $11.7M0.0% | $11.7M+0.1% | $11.7M |
| Share Buybacks | $23.9M-37.7% | $38.3M+110.4% | $18.2M | $0 | $0-100.0% | $210K | $0 | $0 |
WABC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 49.4%-1.2pp | 50.6%-1.6pp | 52.2%+1.4pp | 50.8%-0.5pp | 51.3%-1.6pp | 53.0%-2.6pp | 55.5%-1.6pp | 57.1% |
| Return on Equity | 3.0%-0.1pp | 3.1%-0.2pp | 3.4%-0.2pp | 3.6%-0.8pp | 4.3%-0.3pp | 4.6%-0.5pp | 5.1%-1.3pp | 6.4% |
| Return on Assets | 0.5%-0.0pp | 0.5%-0.0pp | 0.5%0.0pp | 0.5%-0.0pp | 0.6%0.0pp | 0.6%-0.1pp | 0.6%-0.0pp | 0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.35+0.0 | 5.32-0.1 | 5.46-0.4 | 5.83-0.9 | 6.74-0.4 | 7.17-0.1 | 7.23-1.9 | 9.13 |
| FCF Margin | 50.2%+10.6pp | 39.6%-31.3pp | 70.9%+24.3pp | 46.6%+19.8pp | 26.9%-48.9pp | 75.8%+87.4pp | -11.6%-91.5pp | 79.9% |
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Frequently Asked Questions
What is Westamerica Bancorporation's annual revenue?
Westamerica Bancorporation (WABC) reported $268.0M in total revenue for fiscal year 2024. This represents a -5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Westamerica Bancorporation's revenue growing?
Westamerica Bancorporation (WABC) revenue declined by 5.6% year-over-year, from $284.0M to $268.0M in fiscal year 2024.
Is Westamerica Bancorporation profitable?
Yes, Westamerica Bancorporation (WABC) reported a net income of $138.6M in fiscal year 2024, with a net profit margin of 51.7%.
What is Westamerica Bancorporation's earnings per share (EPS)?
Westamerica Bancorporation (WABC) reported diluted earnings per share of $5.20 for fiscal year 2024. This represents a -14.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Westamerica Bancorporation's net profit margin?
Westamerica Bancorporation (WABC) had a net profit margin of 51.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Westamerica Bancorporation pay dividends?
Yes, Westamerica Bancorporation (WABC) paid $1.76 per share in dividends during fiscal year 2024.
What is Westamerica Bancorporation's return on equity (ROE)?
Westamerica Bancorporation (WABC) has a return on equity of 15.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Westamerica Bancorporation's free cash flow?
Westamerica Bancorporation (WABC) generated $139.8M in free cash flow during fiscal year 2024. This represents a -11.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Westamerica Bancorporation's operating cash flow?
Westamerica Bancorporation (WABC) generated $141.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Westamerica Bancorporation's total assets?
Westamerica Bancorporation (WABC) had $6.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Westamerica Bancorporation's capital expenditures?
Westamerica Bancorporation (WABC) invested $1.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Westamerica Bancorporation buy back shares?
Yes, Westamerica Bancorporation (WABC) spent $210K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Westamerica Bancorporation have outstanding?
Westamerica Bancorporation (WABC) had 27M shares outstanding as of fiscal year 2024.
What is Westamerica Bancorporation's debt-to-equity ratio?
Westamerica Bancorporation (WABC) had a debt-to-equity ratio of 5.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Westamerica Bancorporation's return on assets (ROA)?
Westamerica Bancorporation (WABC) had a return on assets of 2.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Westamerica Bancorporation's Piotroski F-Score?
Westamerica Bancorporation (WABC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Westamerica Bancorporation's earnings high quality?
Westamerica Bancorporation (WABC) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Westamerica Bancorporation?
Westamerica Bancorporation (WABC) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.