Westamerica Bancorporation (WABC) functions as a bank holding company, overseeing Westamerica Bank. Through its subsidiary, it delivers a comprehensive suite of financial ...
Westamerica Bancorporation is a regional bank holding company focused on relationship-based community banking in Northern and Central California. Its principal operating subsidiary is Westamerica Bank, which serves individuals, small and midsize businesses, commercial borrowers, professionals, and local communities. The bank’s historical roots extend to 1884, when a predecessor institution was ...Westamerica Bancorporation is a regional bank holding company focused on relationship-based community banking in Northern and Central California. Its principal operating subsidiary is Westamerica Bank, which serves individuals, small and midsize businesses, commercial borrowers, professionals, and local communities. The bank’s historical roots extend to 1884, when a predecessor institution was first chartered; Westamerica Bancorporation itself was incorporated in 1972 under the name Independent Bankshares Corporation and adopted its current name in 1983.
The company’s core products include checking, savings, money market accounts, and certificates of deposit. On the lending side, Westamerica provides commercial and industrial loans, commercial real estate financing, residential real estate loans, construction loans, consumer installment loans, and indirect automobile loans. The company also offers treasury management and other banking-related services, while its branch network provides localized access for customers. The supplied company information describes approximately 78 branches across 21 counties in Northern and Central California, with the bank historically also associated with trust-office operations and community programs supporting schools, affordable housing, and municipal infrastructure.
As a regulated bank, Westamerica’s cost structure differs from that of a manufacturing or technology company. It does not have a conventional bill of materials, inventory, or product manufacturing cost. Its principal operating costs include employee compensation, branch occupancy, technology and information systems, deposit insurance, regulatory compliance, loan servicing, credit-loss provisions, professional services, and other administrative expenses. Its primary economic input is funding from customer deposits and other interest-bearing liabilities, which is deployed into loans and investment securities. Profitability therefore depends heavily on the net interest margin, credit quality, deposit pricing, loan demand, and the broader interest-rate environment.
The company reported 608 full-time employees in the supplied data, placing it in the 501–1,000 employee category. David L. Payne serves as chairman, president, and chief executive officer. Westamerica is headquartered at 1108 Fifth Avenue, San Rafael, California. Its shares trade on Nasdaq under WABC. The supplied trailing figures indicate a market capitalization of approximately $1.39 billion, return on equity of about 12.3%, return on assets of approximately 1.9%, a price-to-earnings ratio near 13, and a dividend yield of roughly 3.2%. These figures characterize Westamerica as a relatively traditional, dividend-paying regional banking institution rather than a high-growth financial technology company. Its strategic priorities are likely to include preserving asset quality, maintaining strong capital and liquidity, growing core deposits, supporting profitable lending, improving digital and branch service, controlling operating expenses, and continuing to return capital to shareholders while meeting banking regulations.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$271.8M
-12.6%
+1.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$116.2M
-16.2%
+0.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+95.2%
+0.9%
-0.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+57.6%
-5.1%
-0.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+42.7%
-4.1%
-1.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$119.6M
-14.5%
-60.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+44.0%
-2.1%
-61.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
17.1%
+9.9%
-3.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.43x
+11.9%
-21.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
