Westamerica Bancorporation WABC R2K

Financial Services · Banks - Regional · United States

https://www.westamerica.com

Westamerica Bancorporation operates as 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. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1884 and is headquartered in San Rafael, California.

Market & Price

Market Cap

$1.30B

Current Price

$55.49

High / Low (52W)

$56.02 / $44.08

Beta

0.56

Valuation

Stock P/E

12.36

Industry PE

12.01

Forward P/E

12.92

PEG Ratio

4.62

Book Value

$37.35

Price to Book

1.49

P/S

5.13

EV/EBITDA

Dividend Yield

3.35%

Profitability & Returns

ROCE

ROE

12.46%

ROA

1.90%

Profit Margin

44.30%

Op Margin

60.24%

EPS (Latest Qtr)

$1.13

EPS (TTM)

$4.49

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$165.48M

Total Assets

$5.96B

Current Assets

Working Capital

Ownership

Promoter Holding

3.64%

Chg in Prom Hold

FII / Inst Holding

80.71%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$1.07B

Total Revenue (TTM)

$253.92M

EBITDA

Free Cash Flow

Operating Cash Flow

$119.24M

Shares Outstanding

23.49M

Gross Margin

0.00%

Payout Ratio

40.98%

Growth (CAGR)

Revenue 5Y

-0.87%

Profit 5Y

-1.63%

Revenue (YoY)

-6.70%

Earnings (YoY)

-3.00%

PROS

Excellent profit margin of 44.3%.
Attractive dividend yield of 3.35%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -0.9% CAGR over 5 years.
Earnings shrank at -1.6% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WABC Westamerica Bancorporation R2K	55.49	12.36	$1.30B	3.35%	-	12.46%	-0.87%	-1.63%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66.42M	64.59M	63.74M	63.31M	62.08M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.40M	3.19M	3.65M	3.48M	3.29M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.84M	39.06M	37.94M	37.84M	36.47M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10.80M	10.00M	9.68M	10.04M	9.12M
Net Income	14.55M	15.63M	14.45M	15.05M	15.80M	15.02M	4.16M	17.51M	18.01M	16.99M	19.05M	19.65M	19.62M	20.39M	20.73M	16.96M	19.56M	20.05M	23.84M	20.15M	22.58M	22.06M	21.72M	22.62M	25.31M	34.76M	39.34M	40.45M	40.25M	41.60M	39.47M	36.42M	35.46M	-	-	31.04M	29.07M	28.26M	27.81M	27.36M
Diluted EPS	0.57	0.61	0.56	0.57	0.60	0.57	0.16	0.66	0.67	0.63	0.71	0.73	0.73	0.75	0.77	0.63	0.72	0.74	0.89	0.75	0.84	0.82	0.81	0.84	0.94	1.29	1.46	1.51	1.51	1.56	1.48	1.37	1.33	-	-	1.16	1.12	1.12	1.12	1.13

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264.95M	323.64M	293.75M	258.06M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.93M	3.89M	17.42M	13.71M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165.59M	221.58M	189.06M	156.69M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.56M	59.81M	50.42M	40.51M
Net Income	59.84M	125.43M	94.58M	87.89M	81.13M	67.18M	60.65M	58.75M	58.85M	50.02M	71.56M	80.39M	80.41M	-	122.03M	161.77M	138.64M	116.17M
Diluted EPS	2.04	4.14	3.21	3.06	2.93	2.50	2.32	2.30	2.29	1.89	2.67	2.98	2.98	-	4.54	6.06	5.20	4.52

Compounded Sales Growth

5 Years:	-0.87%
1 Year:	-6.70%

Compounded Profit Growth

5 Years:	-1.63%
1 Year:	-3.00%

Stock Price Performance

1 Year:	+19.88%
6 Months:	+14.96%
3 Months:	+10.52%
1 Month:	+2.09%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	4.98B	4.93B	5.04B	4.95B	4.85B	5.04B	5.17B	5.37B	5.51B	5.57B	5.62B	6.75B	-	6.95B	6.36B	6.08B	5.96B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294.24M	190.31M	601.49M	567.80M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53.56M	54.57M	44.61M	37.14M
Total Liabilities	-	-	4.47B	4.39B	4.48B	4.39B	4.30B	4.51B	4.64B	4.80B	4.92B	4.95B	4.89B	5.90B	-	6.35B	5.59B	5.19B	5.03B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.75M	18.81M	17.98M	22.21M
Total Equity	394.60M	409.85M	505.45M	545.29M	558.64M	560.10M	542.93M	526.60M	532.21M	561.37M	590.24M	615.59M	731.42M	844.81M	-	602.11M	772.89M	889.96M	933.51M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.91M	26.67M	26.71M	24.62M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	93.12M	149.03M	114.97M	120.39M	119.46M	85.31M	82.31M	70.40M	77.64M	80.75M	96.63M	80.70M	107.74M	-	113.70M	158.21M	141.57M	121.90M
Investing Cash Flow	409.25M	840.83M	298.51M	67.64M	5.70M	50.92M	-295.26M	-102.26M	-197.26M	-73.26M	-253.56M	-22.30M	-748.92M	-	-631.29M	547.27M	715.68M	149.61M
Financing Cash Flow	-573.25M	-767.61M	-435.83M	3.21M	-163.82M	-155.59M	121.76M	84.07M	148.85M	105.23M	2.22M	-105.27M	889.03M	-	-320.26M	-809.40M	-446.07M	-305.20M
Capital Expenditure	-1.91M	-14.18M	-1.45M	-3.31M	-4.83M	-1.69M	-3.79M	-4.47M	-1.82M	-2.72M	-3.12M	-3.99M	-2.20M	-	-811.00K	-1.16M	-1.74M	-2.25M
Free Cash Flow	91.22M	134.85M	113.52M	117.08M	114.63M	83.62M	78.52M	65.93M	75.82M	78.03M	93.51M	76.71M	105.54M	-	112.89M	157.05M	139.83M	119.65M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-837.85M	-103.92M	411.18M	-33.69M
Share Buybacks	35.91M	2.05M	28.72M	60.51M	51.50M	57.32M	52.16M	14.73M	5.42M	314.00K	524.00K	488.00K	16.50M	232.00K	218.00K	13.75M	210.00K	103.78M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46.1%	50.0%	47.2%	45.0%
ROE %	14.6%	24.8%	17.3%	15.7%	14.5%	12.4%	11.5%	11.0%	10.5%	8.5%	11.6%	11.0%	9.5%	-	20.3%	20.9%	15.6%	12.4%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

3.64%

Institutions

80.71%

Public Float

83.75%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	14.69%	3.45M	$191.40M
2	American Century Companies Inc	8.12%	1.91M	$105.81M
3	Vanguard Portfolio Management LLC	7.49%	1.76M	$97.64M
4	State Street Corporation	5.12%	1.20M	$66.77M
5	Vanguard Capital Management LLC	4.66%	1.10M	$60.77M
6	Dimensional Fund Advisors LP	4.02%	944.70K	$52.42M
7	Geode Capital Management, LLC	2.61%	613.16K	$34.02M
8	AQR Capital Management, LLC	1.70%	399.05K	$22.14M
9	Nuveen, LLC	1.53%	359.35K	$19.94M
10	Two Sigma Investments, LP	1.50%	353.03K	$19.59M

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