Quarterly ResultAug 5, 2026, 02:48 PM
WESTAMERICA BANCORPORATION Q2 Net Income $27.39M, EPS $1.17
AI Summary
WESTAMERICA BANCORPORATION reported a net income of $27.39 million for the three months ended June 30, 2026, a 5.78% decrease from $29.07 million in the prior year. Diluted earnings per share increased by 4.46% to $1.17, primarily due to a reduction in outstanding shares. For the six months, net income decreased by 8.92% to $54.74 million. The company's total assets declined by 2.60% to $5.81 billion, and total deposits decreased by 1.39% to $4.77 billion since December 31, 2025.
Key Highlights
- Net income for Q2 2026 was $27.39 million, down 5.78% from $29.07 million in Q2 2025.
- Diluted EPS for Q2 2026 increased 4.46% to $1.17 from $1.12 in Q2 2025.
- Total assets decreased 2.60% to $5.81 billion at June 30, 2026, from $5.96 billion at Dec 31, 2025.
- Total deposits decreased 1.39% to $4.77 billion at June 30, 2026, from $4.84 billion at Dec 31, 2025.
- Net interest and loan fee income for Q2 2026 was $52.48 million, down 3.32% from $54.28 million in Q2 2025.
- Shareholders' equity decreased 8.61% to $853.15 million at June 30, 2026, from $933.51 million at Dec 31, 2025.
- Dividends paid were $0.48 per share for Q2 2026, up from $0.46 per share in Q2 2025.
Price Impact
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