Westamerica Bancorporation Reports Third Quarter 2026 Financial Results
Westamerica Bancorporation reported Q3 2026 net income of $28.2 million and diluted EPS of $1.22, up 8.9% from $1.12 a year ago and up from $1.17 in Q2. Net interest margin expanded 4 basis points sequentially to 3.81%, supported by an ultra-low 0.26% cost of funds and a shift of excess cash into higher-yielding investment securities. Credit quality was pristine: no provision for credit losses, nonperforming assets of just $476 thousand, and an efficiency ratio of 40.8% with an annualized 11.5% return on common equity.
Key figures
- Eps
- 1.22
- Revenue
- $64.2M (total revenue FTE)
- Revenue Yoy
- 0.4%
- Roa
- 1.86%
- Nim fte
- 3.81%
- Net income
- 28152000
- Cost of funds
- 0.26%
- Eps yoy change
- 8.9%
- Net income qoq
- 27385000
- Nim change qoq
- +4 bps
- Roe annualized
- 11.5%
- Shares retired q3
- 51 thousand
- Dividend per share
- $0.48
- Total deposits avg
- $4.81 billion
- Efficiency ratio fte
- 40.8%
- Loans deposits ratio
- 13.7%
- Nonperforming assets
- $476 thousand
- Net income yoy change
- -0.4%
- Allowance for credit losses
- $10.5M
- Provision for credit losses
- 0
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