Saturday 17 October 2026 Export WABC’s income statement to Excel — free account

Westamerica Bancorporation

Westamerica Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $271.8 million, down 12.7% from fiscal 2024. In the quarter to June 2026, revenue fell 2.49%, EPS grew 4.46% and free cash flow fell 33.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

61.28 0.38 +0.62%

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Market cap: $1.4B
P/E: 13.5×
Fwd P/E: 12.7×
Dividend yield: 3.07%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.00

Total sells 0.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	—	—	—	—

Insider Ownership 6.12%

Capital & Financial Ratios $m

Market Cap 1,410.00

Revenue 265.64

Net Income 110.81

Free Cash Flow 108.63

Net Debt (170.12)

Current Ratio 0.20

Debt/Equity 0.15

P/E ratio 13.50

Fwd P/E 12.70

P/S ratio 5.38

P/B ratio 1.67

Past 5Y EPS Growth 8.69%

This Y EPS Growth 2.88%

Next Y EPS Growth 1.08%

Next Y revenue growth (7.31%)

Next 5Y EPS Growth 5.45%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 35.02%

10-year low 10-year high

P/S against its own 10 years 33.25%

10-year low 10-year high

P/B against its own 10 years 24.92%

10-year low 10-year high

Dividends

Payout Ratio 0.41

Annual Dividend Rate 1.88

Annual Dividend Yield 3.07%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.90	0.46 0.48 0.48
2025	1.82	0.44 0.46 0.46 0.46
2024	1.76	0.44 0.44 0.44 0.44
2023	1.72	0.42 0.42 0.44 0.44
2022	1.68	0.42 0.42 0.42 0.42
2021	1.65	0.41 0.41 0.41 0.42
2020	1.64	0.41 0.41 0.41 0.41
2019	1.63	0.40 0.41 0.41 0.41
2018	1.60	0.40 0.40 0.40 0.40
2017	1.57	0.39 0.39 0.39 0.40
2016	1.56	0.39 0.39 0.39 0.39

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	190	601	568	302
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,040	1,407	1,283	960

	2023	2024	2025	Q'26
Payables	5,474	5,012	4,840	4,773
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,532	5,132	4,977	4,905

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	65	66	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.13	1.17	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	40.52	49.38	52.05	55.09	46.94	53.24	52.04	35.52	43.82	42.00	Analyst estimates 2026–2028 Powerpack
	High	65.34	64.91	64.76	68.92	69.08	66.85	63.86	59.63	59.97	53.86
People
People	Employees	783	785	762	737	712	640	594	641	642	627
	Revenue/emp, $m	0.23	0.25	0.26	0.28	0.30	0.34	0.45	0.51	0.48	0.43
Income, $m
Income, $m	Revenue	182	195	200	206	211	217	267	328	311	272
	Gross margin, %	98.84	99.03	99.02	99.08	99.14	99.10	99.28	98.81	94.40	94.95
	EBT	80	87	91	105	107	117	166	222	189	157
	EBT margin, %	43.81	44.72	45.53	51.05	50.50	53.98	62.05	67.65	60.76	57.65
	Net income	59	50	72	80	80	87	122	162	139	116
	Depreciation	20	26	24	20	18	11	15	11	10	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
	Earnings	2.30	1.90	2.69	2.98	2.98	3.22	4.54	6.06	5.20	4.52
	Cash flow	3.03	3.07	3.63	2.99	4.00	3.30	4.23	5.92	5.31	4.75
	Capex	(0.07)	(0.10)	(0.10)	(0.14)	0.06	(0.05)	(0.03)	(0.04)	0.14	(0.09)
	Free cash flow	2.96	2.97	3.53	2.86	4.06	3.25	4.20	5.88	5.44	4.66
	Book value	21.92	22.45	23.10	27.13	31.36	30.80	22.39	28.94	33.35	36.36
	Shares, m	26	26	27	27	27	27	27	27	27	26
Valuation, ×
Valuation, ×	P/E	27.46	31.08	20.70	22.67	18.55	17.93	12.88	9.29	10.09	10.58
	P/S	8.86	8.01	7.42	8.86	7.04	7.15	5.88	4.59	4.50	4.52
	P/B	2.88	2.64	2.41	2.50	1.76	1.87	2.61	1.95	1.57	1.32
	EV/Sales	6.44	5.16	5.42	7.15	4.17	1.98	4.81	4.19	2.95	2.92
	EV/FCF	15.50	12.89	11.53	19.13	8.06	4.91	11.38	8.73	6.33	6.63
Cash, $m
Cash, $m	Operating cash flow	78	81	97	81	108	89	114	158	142	122
	Capex	(2)	(3)	(3)	(4)	2	(1)	(1)	(1)	4	(2)
	Free cash flow	76	78	94	77	109	87	113	157	145	120
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)
	Total debt	59	58	51	48	121	164	74	—	—	—
	Net debt	(462)	(575)	(420)	(373)	(621)	(1,132)	(294)	(190)	(601)	(568)
	Shareholders’ equity	561	590	616	731	845	827	602	773	890	934
Returns, %
Returns, %	ROA	1.12	0.92	1.29	1.44	1.30	1.22	1.69	2.43	2.23	1.93
	ROIC	50.43	357.57	29.12	18.37	29.86	0.00	33.62	23.77	40.96	26.78
	ROE	10.76	8.69	11.87	11.94	10.20	10.35	17.08	23.53	16.67	12.74

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CASH Pathward Financial, Inc.	$1.5B	9.1×	9.2×	−3.18% (below 0%: shrinking)	−24.73% (below 0%: shrinking)	+20.54% (above 0%: growing)	99.41%	0.00%	Compare
TFIN Triumph Financial, Inc.	$1.5B	41.6×	40.6×	+13.51% (above 0%: growing)	+193.33% (above 0%: growing)	+372.54% (above 0%: growing)	82.38%	0.00%	Compare
ESQ Esquire Financial Holdings, Inc.	$1.4B	18.4×	28.7×	+18.87% (above 0%: growing)	+6.08% (above 0%: growing)	+59.96% (above 0%: growing)	88.35%	0.00%	Compare
LKFN Lakeland Financial Corporation	$1.4B	13.3×	13.8×	+1.75% (above 0%: growing)	+8.57% (above 0%: growing)	+36.16% (above 0%: growing)	65.79%	0.00%	Compare
WABC Westamerica Bancorporation	$1.4B	13.5×	12.7×	−2.49% (below 0%: shrinking)	+4.46% (above 0%: growing)	−33.14% (below 0%: shrinking)	94.98%	0.00%
AMAL Amalgamated Financial Corp.	$1.4B	12.4×	10.7×	+15.47% (above 0%: growing)	+36.47% (above 0%: growing)	−23.52% (below 0%: shrinking)	75.97%	0.00%	Compare
BHRB Burke & Herbert Financial Services Corp.	$1.4B	11.1×	8.4×	+20.93% (above 0%: growing)	−74.75% (below 0%: shrinking)	+49.60% (above 0%: growing)	70.87%	0.00%	Compare
TMP Tompkins Financial Corporation	$1.4B	7.9×	11.6×	+2.51% (above 0%: growing)	+36.42% (above 0%: growing)	−198.57% (below 0%: shrinking)	73.16%	0.00%	Compare
CTBI Community Trust Bancorp, Inc.	$1.4B	12.5×	11.1×	+6.97% (above 0%: growing)	+18.84% (above 0%: growing)	+217.37% (above 0%: growing)	72.12%	0.00%	Compare
Median of peers	$1.4B	12.5×	11.4×	+10.24%	+13.71%	+42.88%	74.57%	0.00%

All 323 Banks Regional stocks →

Westamerica Bancorporation (WABC) key facts

Concern: Westamerica Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $271.8 million, down 12.7% from fiscal 2024.
Concern: Net income was $116.2 million, or $4.52 per share (basic), a net margin of 42.8%.
Westamerica Bancorporation (WABC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, WABC traded at $61.28, a market capitalization of $1.4 billion.
At that price the stock trades at 13.5× trailing-twelve-month earnings and 5.4× sales; its P/E is higher than 35% of its own readings over the past ten years.
Westamerica Bancorporation pays an annual dividend of $1.88 per share, a yield of 3.07%, with a payout ratio of 41.4%.
Return on equity was 12.7% and debt-to-equity 0.15.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.