Pricing Log in Create free account
Saturday 17 October 2026 Export WABC’s income statement to Excel — free account

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. 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%
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%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

Westamerica Bancorporation (WABC) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/WABC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com