Every 10-Q that Westamerica Bancorporation (WABC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WABC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WABC filings page.
Westamerica Bancorporation reports solid profitability for the quarter ended June 30, 2026 while operating with a securities-heavy balance sheet and modest loan book. Net income was $27,385 thousand for the quarter and $54,740 thousand for the first six months of 2026, compared with $29,066 thousand and $60,103 thousand in the same 2025 periods. Basic and diluted earnings per share were $1.17 for the quarter and $2.30 year‑to‑date, with dividends of $0.48 and $0.94 per share, respectively.
Total assets were $5,805,061 thousand, down from $5,960,180 thousand at December 31, 2025, reflecting lower cash and loan balances alongside growth in debt securities available for sale, which reached $3,639,177 thousand. Loans stood at $668,833 thousand, with an allowance for credit losses of $10,790 thousand. Credit quality appears controlled, with limited nonaccrual and past‑due exposures.
Total deposits were $4,772,777 thousand, with a large noninterest‑bearing component of $2,141,783 thousand. Shareholders’ equity was $853,148 thousand, reduced mainly by a larger accumulated other comprehensive loss of $117,592 thousand, driven by unrealized losses on the sizable securities portfolio as market interest rates remain above portfolio yields.
Westamerica Bancorporation reported first-quarter 2026 net income of $27.4M, down from $31.0M a year earlier, with basic and diluted earnings per share of $1.13 versus $1.16. Net interest and fee income after a small reversal of credit loss provisions was $52.8M compared with $56.6M in the prior-year quarter.
Total assets were $5.86B at March 31, 2026, slightly below $5.96B at year-end 2025, as loans declined to $696.2M and deposits to $4.78B. The securities portfolio remained sizable, with available-for-sale debt securities at fair value of $3.60B and held-to-maturity securities at amortized cost of $799.6M, supporting interest income but contributing to an accumulated other comprehensive loss of $107.3M driven by higher interest rates. Credit quality indicators stayed conservative, with an allowance for credit losses on loans of $11.2M and low nonaccrual and past-due balances.
Westamerica Bancorporation reported lower quarterly earnings. For Q3 2025, net income was $28.3 million with EPS $1.12, down from $35.1 million and $1.31 a year ago. Net interest and loan fee income fell to $53.6 million from $62.1 million, reflecting softer yields on the securities portfolio and lower loan balances. Noninterest income was $10.2 million versus $11.9 million last year, while noninterest expense was essentially flat at $25.8 million.
For the nine months, net income totaled $88.4 million and EPS $3.40, compared with $106.9 million and $4.01 in 2024. Total assets were $5.91 billion, down from $6.08 billion at year‑end, with deposits at $4.79 billion. Loans, net, were $729.7 million, and the allowance for credit losses on loans stood at $11.9 million. Accumulated other comprehensive loss improved to $(99.9) million from $(168.1) million as unrealized losses narrowed. The company paid a quarterly dividend of $0.46 per share. Shares outstanding were 24,933,051 as of October 30, 2025.
Westamerica Bancorporation (WABC) Q2-25 10-Q highlights
- Earnings: Net income fell 18% YoY to $29.1 m; diluted EPS $1.12 vs $1.33. Six-month net income down 16% to $60.1 m; EPS $2.29.
- Revenue drivers: Interest & loan-fee income contracted 17% to $57.5 m, mainly from lower yields on the securities portfolio. Interest expense dropped 40% to $3.2 m, but could not offset the revenue decline; net interest income down 15% to $54.3 m.
- Credit quality: No provision booked in Q2; YTD allowance released $0.55 m. ACL stands at $13.8 m (1.84% of loans) vs $14.8 m year-end. Non-performing asset data not supplied, but charge-offs remain low.
- Balance sheet trends (6-30-25 vs 12-31-24):
- Total assets $5.83 bn (-4%).
- Loans $748 m (-9%); deposits $4.75 bn (-5%).
- Securities AFS+HTM $4.04 bn; unrealized AFS loss narrowed to $166.5 m from $239.5 m, improving AOCI by $51 m.
- Tangible equity rose to $921.8 m; CET1 not disclosed but capital strengthened by OCI recovery and buy-backs.
- Costs: Noninterest expense trimmed 2% YoY to $25.5 m; efficiency ratio ~41% (Rhea estimate).
- Capital actions: 1.1 m shares repurchased YTD (-4% share count) for $56.6 m; quarterly dividend raised to $0.46 (payout 41%).
- Liquidity: Cash & due from banks $626 m; repurchase agreements balance $101 m. No Bank Term Funding Program borrowings outstanding.
Takeaway: Core profitability weakened on declining asset yields and balance-sheet contraction, partly offset by expense control and lower funding costs. Improved OCI cushions capital, but continued loan & deposit runoff and still-material unrealized bond losses remain key watch points.