Quarterly ResultApr 16, 2026, 10:54 AM
Westamerica Bancorporation Q1 2026 EPS Rises to $1.13
AI Summary
Westamerica Bancorporation reported Q1 2026 net income of $27.4 million and diluted EPS of $1.13, a slight increase from $1.12 in Q4 2025. The results include a $300 thousand reversal of provision for credit losses. The company emphasized its strong low-cost deposit base, controlled operating expenses, and stable credit quality. Shareholders received a $0.46 per common share dividend, and 997 thousand shares were retired through the share repurchase plan.
Key Highlights
- Q1 2026 diluted EPS: $1.13, up from $1.12 QoQ.
- Q1 2026 net income: $27.4 million.
- Reversal of provision for credit losses: $300 thousand.
- 46% of deposits were non-interest bearing checking accounts.
- Shareholders received $0.46 dividend; 997k shares repurchased.