WESTAMERICA BANCORPORATION (WABC) Form 8-K — Oct 15, 2026
Westamerica Bancorporation reported Q3 2026 net income of $28.2 million and diluted EPS of $1.22, up from $27.4 million and $1.17 in Q2 2026 and EPS up 8.9% year-over-year. Net interest margin expanded 4 basis points sequentially to 3.81%, and the company recorded zero provision for credit losses with nonperforming assets of just $476 thousand. The company operated efficiently at a 40.8% efficiency ratio, generated an 11.5% annualized return on average common equity, and paid a $0.48 per share dividend while retiring 51 thousand shares under its repurchase plan. Capital ratios remain at historically high levels exceeding the highest regulatory guidelines.
Key figures
- Eps
- 1.22
- Revenue
- $64.2 million (total revenue FTE, Q3 2026)
- Net Income
- 28152000
- Total Assets
- 5793774000
- Cash Position
- Total interest-bearing cash $276.8 million average; cash and due from banks $322.5 million at 9/30/26
- Total deposits
- $4.82 billion
- Return on assets
- 1.86%
- Shares retired q3
- 51 thousand at avg $57.92
- Efficiency ratio fte
- 40.8%
- Nonperforming assets
- $476 thousand
- Market value per share
- $58.32
- Common equity per share
- $34.21
- Net interest margin fte
- 3.81%
- Dividends paid per share
- $0.48
- Provision for credit losses
- $0
- Return on average common equity
- 11.5%
- Allowance for credit losses loans
- $10.5 million
AI analysis
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