For Q1 FY2026 ended March 31, 2026, Westamerica Bancorporation reported net income of $27.4 million, down 11.9% year-over-year. Diluted EPS was $1.13, a decrease of 2.6% from the prior year. Total equity stood at $882.7 million.
•Net income fell 11.9% YoY to $27.4 million.
•Diluted EPS decreased 2.6% to $1.13.
•Equity was $882.7 million at quarter end.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Westamerica Bancorporation is 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. Founded in 1884 and headquartered in San Rafael, California, Westamerica Bancorporation was formerly known as Independent Bankshares Corporation before rebranding in 1983.
Westamerica Bancorporation is a bank holding company for Westamerica Bank, offering a range of banking products and services to individual and commercial customers in the United States. The company accepts various deposit products, including checking and savings accounts, as well as certificates of deposit, primarily from local businesses and professionals. Its loan portfolio includes commercial loans, commercial real estate loans, residential real estate loans, real estate construction loans, consumer installment loans, and indirect automobile loans. The bank serves small businesses, professionals, and consumers, focusing on relationship-based banking in its local markets.
On which stock exchange is Westamerica Bancorporation (WABC) listed and in what currency?
Westamerica Bancorporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol WABC. Its shares are traded in US dollars (USD), reflecting its primary operations and headquarters in the United States. The NasdaqGS is a tier of the Nasdaq stock exchange that lists companies meeting high financial and liquidity standards, providing investors with a regulated and transparent trading environment.
What sector and industry does Westamerica Bancorporation (WABC) operate in?
Westamerica Bancorporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on providing traditional banking services to local communities, small businesses, and professionals in its geographic footprint. Regional banks like Westamerica typically have a more localized customer base compared to large national banks, allowing them to offer personalized service and develop deep relationships within their markets. The company's activities include deposit-taking, lending, and other financial services typical of a community-oriented bank.
Where is Westamerica Bancorporation (WABC) headquartered and what markets does it serve?
Westamerica Bancorporation is headquartered in San Rafael, California, and serves customers primarily in the United States. Founded in 1884, the company has a long history in the banking industry, originally operating as Independent Bankshares Corporation before rebranding to Westamerica Bancorporation in 1983. Its bank subsidiary, Westamerica Bank, focuses on serving local businesses, professionals, and consumers in its market areas, which are concentrated in California. The company's long-standing presence in the region underscores its commitment to community banking.
How does Westamerica Bancorporation (WABC) make money?
Westamerica Bancorporation generates revenue primarily through net interest income, which is the difference between the interest earned on its loan portfolio and the interest paid on deposits. Its loan portfolio includes commercial, commercial real estate, residential real estate, construction, consumer installment, and indirect automobile loans. Additionally, the company earns non-interest income from fees and service charges on deposit accounts, such as checking and savings accounts, as well as from other banking services. By attracting low-cost deposits from local businesses and professionals, Westamerica funds its lending activities, aiming to maintain a stable and profitable spread. The bank's focus on relationship banking helps it retain customers and generate recurring fee income.