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Westamerica Bancorporation

WABC Financial Banks Regional

Westamerica Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $271.8 million, down 12.7% from fiscal 2024.

Revenue
+0.43%
EPS
+8.93%
Free cash flow
−33.1%
Total debt
+15.6%

Quarter to September 2026, against a year earlier

59.89 0.12 +0.20%
Market cap
$1.4B
P/E
12.9×
Fwd P/E
12.8×
Dividend yield
3.18%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.00
Sold, $m 0.04
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 1 — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 5.30%

Capital & Financial Ratios $m

Size
Market Cap 1,380.00
Revenue ttm 265.93
Net income ttm 110.81
Free cash flow ttm 108.63
Net debt Q (183.45)
Valuation
P/E 12.88
Forward P/E 12.80
Price / sales 5.19
Forward P/S Powerpack
Price / FCF 12.70
Price / book 1.75
Financial health
Current ratio Q 0.20
Debt / equity Q 0.18
Interest coverage Q —
Growth
Revenue growth Q +0.43% (above 0%: growing)
Operating income growth Q −0.28% (below 0%: shrinking)
EPS, this year +4.76%
EPS, next year A +4.33%
Revenue, next year A −6.39% (below 0%: weak)
EPS, past 5 yrs +8.69%
EPS, next 5 yrs A +5.45%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 32.78%
10-year low 10-year high
P/S against its own 10 years 31.43%
10-year low 10-year high
P/B against its own 10 years 28.38%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.18%
Annual rate
1.90
Payout ratio
41.0%
Growth, 2018–26
+2.17%/yr
  1. 1.60 ’18
  2. 1.63 ’19 +2
  3. 1.64 ’20 +1
  4. 1.65 ’21 +1
  5. 1.68 ’22 +2
  6. 1.72 ’23 +2
  7. 1.76 ’24 +2
  8. 1.82 ’25 +3
  9. 1.90 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 190 601 568 323
Receivables — — — —
Inventory — — — —
Other — — — —
1,040 1,407 1,283 970
2023 2024 2025 Q'26
Payables 5,474 5,012 4,840 4,816
ST’ Debt — — — —
Other — — — —
5,532 5,132 4,977 4,816

Compound Annual Growth %

10y 5y 3y
Sales 3.95% 5.14% 0.61%
Cash Flow 5.64% 2.50% 2.35%
Earnings 7.06% 7.64% (1.63%)
Book Value 5.78% 2.02% 15.74%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY25 Estimate 1.09 Actual 1.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY24 1.32 1.33 Beat by 0.01
Q3 FY24 1.27 1.27 Met by 0.00
Q4 FY24 1.21 1.19 Miss by 0.02
Q1 FY25 1.09 1.16 Beat by 0.07

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.17 1.22 — —
’25 1.16 1.12 1.12 1.12 4.52
’24 1.37 1.33 1.31 1.19 5.20
’23 1.51 1.51 1.56 1.48 6.06
’22 0.84 0.94 1.29 1.46 4.54
’21 0.75 0.84 0.82 0.81 3.22
’20 0.63 0.72 0.74 0.89 2.98
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 65 66 68 — —
’25 70 68 67 67 272
’24 79 80 80 73 311
’23 80 81 84 82 328
’22 55 59 73 80 267
’21 53 55 55 54 217
’20 52 51 52 57 211
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 40 16 — — —
’25 42 24 29 27 122
’24 52 19 41 30 142
’23 55 53 59 (8) 158
’22 32 11 29 42 114
’21 32 13 26 18 89
’20 54 11 30 12 108
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 39 15 — — —
’25 42 23 29 26 120
’24 52 19 40 34 145
’23 55 53 58 (8) 157
’22 32 10 29 42 113
’21 32 13 25 17 87
’20 53 12 30 15 109
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 182 195 200 206 211 217 267 328 311 272 266 +4.5% 254 259 265 (0.8%)
Gross margin, % 98.84 99.03 99.02 99.08 99.14 99.10 99.28 98.81 94.40 94.95 94.84 (3.9) pt
EBT 80 87 91 105 107 117 166 222 189 157 149 +7.8%
EBT margin, % 43.81 44.72 45.53 51.05 50.50 53.98 62.05 67.65 60.76 57.65 55.99 +13.8 pt
Net income 59 50 72 80 80 87 122 162 139 116 111 +7.8%
Per share, $
Per share, $ Revenue 7.13 7.41 7.50 7.65 7.85 8.07 9.92 12.27 11.66 10.59 11.52 +4.5%
Earnings 2.30 1.90 2.69 2.98 2.98 3.22 4.54 6.06 5.20 4.52 4.64 +7.8%
Cash flow 3.03 3.07 3.63 2.99 4.00 3.30 4.23 5.92 5.31 4.75 0.00 +5.1%
Capex (0.07) (0.10) (0.10) (0.14) 0.06 (0.05) (0.03) (0.04) 0.14 (0.09) 0.00 +2.3%
Free cash flow 2.96 2.97 3.53 2.86 4.06 3.25 4.20 5.88 5.44 4.66 0.00 +5.2%
Book value 21.92 22.45 23.10 27.13 31.36 30.80 22.39 28.94 33.35 36.36 34.21 +5.8%
Shares, m 26 26 27 27 27 27 27 27 27 26 24 0.0%
Valuation, ×
Valuation, × P/E 27.46 31.08 20.70 22.67 18.55 17.93 12.88 9.29 10.09 10.58 12.88 18.1
P/S 8.86 8.01 7.42 8.86 7.04 7.15 5.88 4.59 4.50 4.52 5.19 6.7
P/B 2.88 2.64 2.41 2.50 1.76 1.87 2.61 1.95 1.57 1.32 1.75 2.2
EV/Sales 6.44 5.16 5.42 7.15 4.17 1.98 4.81 4.19 2.95 2.92 — 4.5
EV/FCF 15.50 12.89 11.53 19.13 8.06 4.91 11.38 8.73 6.33 6.63 — 10.5
Cash, $m
Cash, $m Operating cash flow 78 81 97 81 108 89 114 158 142 122 111 +5.1%
Capex (2) (3) (3) (4) 2 (1) (1) (1) 4 (2) (3) +2.4%
Free cash flow 76 78 94 77 109 87 113 157 145 120 109 +5.2%
Balance, $m
Balance, $m Working capital (2,975) (3,046) (3,312) (3,363) (3,937) (4,384) (5,051) (4,492) (3,725) (3,695) (3,846) +2.4%
Net debt (462) (575) (420) (373) (621) (1,132) (294) (190) (601) (568) (183) +2.3%
Shareholders’ equity 561 590 616 731 845 827 602 773 890 934 790 +5.8%
Returns, %
Returns, % ROA 1.12 0.92 1.29 1.44 1.30 1.22 1.69 2.43 2.23 1.93 1.89 +0.8 pt
ROIC 50.43 357.57 29.12 18.37 29.86 0.00 33.62 23.77 40.96 26.78 15.35 (23.6) pt
ROE 10.76 8.69 11.87 11.94 10.20 10.35 17.08 23.53 16.67 12.74 12.86 +2.0 pt
People
People Employees 783 785 762 737 712 640 594 641 642 627 — (2.4%)
Revenue/emp, $m 0.23 0.25 0.26 0.28 0.30 0.34 0.45 0.51 0.48 0.43 — +7.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Westamerica Bancorporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ESQ Esquire Financial Holdings, Inc. $1.5B 19.7× 20.5× +18.87% (above 0%: growing) +6.08% (above 0%: growing) +59.96% (above 0%: growing) 88.35% 0.00% Compare
LKFN Lakeland Financial Corporation $1.5B 13.7× 13.5× +1.66% (above 0%: growing) +11.65% (above 0%: growing) +29.20% (above 0%: growing) 66.58% 0.00% Compare
AMAL Amalgamated Financial Corp. $1.5B 12.0× 11.7× +12.48% (above 0%: growing) +37.01% (above 0%: growing) −13.76% (below 0%: shrinking) 76.18% 0.00% Compare
TMP Tompkins Financial Corporation $1.4B 7.9× 12.6× +0.61% (above 0%: growing) +21.08% (above 0%: growing) +4.04% (above 0%: growing) 73.43% 0.00% Compare
BHRB Burke & Herbert Financial Services Corp. $1.4B 11.2× 11.4× +20.93% (above 0%: growing) −74.75% (below 0%: shrinking) +49.60% (above 0%: growing) 70.87% 0.00% Compare
PEBO Peoples Bancorp Inc. $1.4B 11.3× 11.8× −1.59% (below 0%: shrinking) +11.61% (above 0%: growing) +270.28% (above 0%: growing) 77.52% 0.00% Compare
WABC Westamerica Bancorporation $1.4B 12.9× 12.8× +0.43% (above 0%: growing) +8.93% (above 0%: growing) −33.14% (below 0%: shrinking) 94.65% 0.00%
FMBH First Mid Bancshares, Inc. $1.4B 12.6× 11.2× +22.84% (above 0%: growing) +7.14% (above 0%: growing) +290.93% (above 0%: growing) 75.49% 0.00% Compare
HBT HBT Financial, Inc. $1.4B 15.9× 13.1× +37.46% (above 0%: growing) +26.23% (above 0%: growing) +36.90% (above 0%: growing) 80.56% 0.00% Compare
Median of peers $1.4B 12.3× 12.2× +15.68% +11.63% +43.25% 75.84% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 13 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 802.65k 802.65k 103.30
2024 786.66k 786.66k 109.21
2023 758.70k 758.70k 113.46
2022 750.02k 750.02k 114.42
2021 750.56k 750.56k 108.85

Ownership

Directors and executive officers, together 5.90%
BlackRock, Inc. 14.21% of Common
Vanguard Group, Inc. 12.88% of Common
American Century Companies, Inc. 7.45% of Common
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Westamerica Bancorporation (WABC) Latest News

22 Oct

Impact 3 · · GlobeNewswire

17 Oct

Impact 3 · · Simply Wall St.
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16 Jul

Impact 3 ·

24 Apr

Impact 3 · · GlobeNewswire

23 Apr

Impact 3 · · GlobeNewswire

16 Apr

Impact 4 · · GlobeNewswire

4 Feb

Impact 4 · · Simply Wall St.

2 Feb

Impact 3 · · StockStory

22 Jan

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21 Jan

Impact 4 · · StockStory
Impact 4 · · StockStory

16 Jan

Impact 3 · · Simply Wall St.

15 Jan

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Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

11 Jan

Impact 3 · · Simply Wall St.

8 Jan

Impact 3 · · StockStory

22 Dec

Impact 4 · · StockStory

18 Dec

Impact 3 ·

17 Dec

Impact 3 · · Simply Wall St.

22 Nov

Impact 3 · · Simply Wall St.Simply Wall St.StockStorySimply Wall St.Simply Wall St.StockStorySimply Wall St.Simply Wall St.

21 Nov

Impact 3 · · StockStory

20 Nov

Impact 3 · · StockStory

16 Nov

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24 Oct

Impact 3 · · Simply Wall St.

23 Oct

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16 Oct

Impact 3 · · StockStory
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stockrow.com/WABC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com