Westamerica Bank

WABC · Nasdaq · Financials · Financials, fiscal 2016 to 2025

WABC · Last close · November 6, 2026

$59.84

Westamerica Bank's revenue fell 12.2% to $258 million in fiscal 2025. Net income was $116 million, down 16.2%. Its return on equity was 12.7%, down from 16.7% a year earlier. Its efficiency ratio was 39.5%, up from 35.5% a year earlier. It paid out $151 million in dividends and buybacks. The diluted share count fell 3.8%.

WESTAMERICA BANCORPORATION Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001171843-26-001195 Updated November 6, 2026

Revenue

$258M

12.2%

Net income

$116M

16.2%

Return on equity

12.7%

3.9 pts

Return on tangible equity

14.7%

4.8 pts

Efficiency ratio

39.5%

4.0 pts

Market cap

$1.4B

Nov 6 close

P/E

12.9x

On $4.64 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 7.8% a year and net income 7.8% a year, with the share count about the same.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	—	—	—	806	715
Deposits	6,414	6,225	5,474	5,012	4,840
Loans to deposits	—	—	—	16.1%	14.8%
Provision for credit losses	0	0	−1	0	−0
Provision to average loans	—	—	—	—	−0.1%
Total assets	7,461	6,950	6,365	6,076	5,960
Shareholders' equity	827	602	773	890	934

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Westamerica Bank's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Westamerica Bank's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 1 insider bought $3,281 of Westamerica Bank shares on the open market, and 1 insider sold $40,857.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Apr 22, 2026	Inez WondehDirector	Bought	61	$53.79	$3,281	Form 4
Apr 20, 2026	Robert James Baker JrSVP/Banking Division Manager	Sold	759	$53.83	$40,857	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Westamerica Bank side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Westamerica Bank	FY25	−12.2%	45.0%	12.7%	14.7%	39.5%
Lakeland Financial	FY25	6.1%	38.4%	14.3%	14.4%	48.9%	Compare
Hanmi Financial	FY25	15.3%	28.2%	10.0%	10.0%	54.7%	Compare
Heritage Financial	FY25	13.5%	27.4%	7.6%	10.4%	67.3%	Compare
Southside Bancshares	FY25	−8.1%	29.2%	8.3%	11.0%	63.9%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	180	193	198	204	210	215	265	324	294	258
Revenue growth	−0.9%	7.0%	2.5%	3.2%	2.7%	2.5%	23.3%	22.1%	−9.2%	−12.2%
Net interest income	134	136	150	157	164	172	220	280	251	217
Noninterest income	47	57	48	47	46	43	45	44	43	41
Noninterest expense	104	108	107	99	99	98	99	103	104	102
Provision for credit losses	—	−2	0	0	4	0	0	−1	0	−0
Net income	59	50	72	80	80	86	122	162	139	116
Diluted EPS (US$)	2.29	1.89	2.67	2.98	2.98	3.22	4.54	6.06	5.20	4.52
Diluted shares (millions)	26	26	27	27	27	27	27	27	27	26
Payouts
Dividends paid	40	41	43	44	44	44	45	46	47	47
Share buybacks	5	0	0	0	16	0	0	14	0	104
Balance sheet at fiscal year end
Loans, net	—	—	—	—	—	—	—	—	806	715
Deposits	4,705	4,828	4,867	4,813	5,688	6,414	6,225	5,474	5,012	4,840
Total assets	5,366	5,513	5,568	5,620	6,748	7,461	6,950	6,365	6,076	5,960
Shareholders' equity	561	590	616	731	845	827	602	773	890	934
Ratios
Return on equity	10.8%	8.7%	11.9%	11.9%	10.2%	10.3%	17.1%	23.5%	16.7%	12.7%
Return on tangible common equity	13.8%	11.0%	14.9%	14.6%	12.1%	12.1%	20.6%	28.6%	19.5%	14.7%
Return on assets	1.1%	0.9%	1.3%	1.4%	1.3%	1.2%	1.7%	2.4%	2.2%	1.9%
Efficiency ratio	57.5%	55.8%	54.0%	48.5%	47.0%	45.5%	37.5%	31.9%	35.5%	39.5%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Westamerica Bank's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Westamerica Bank.