Quarterly ResultJul 16, 2026, 11:06 AM
Westamerica Q2 Net Income $27.4M; Diluted EPS $1.17
AI Summary
Westamerica Bancorporation reported Q2 2026 net income of $27.4 million, consistent with Q1 2026 but a 5.8% decrease year-over-year. Diluted EPS rose to $1.17 from $1.13 in the prior quarter, benefiting from share repurchases. The company maintained stable net interest income and saw an increase in noninterest income, while controlling operating expenses and maintaining stable credit quality.
Key Highlights
- Net income for Q2 2026 was $27.4 million, flat QoQ but down 5.8% YoY.
- Diluted EPS for Q2 2026 was $1.17, up from $1.13 QoQ and $1.12 YoY.
- Net interest income (FTE) was $52.7 million for Q2 2026, flat QoQ.
- Noninterest income totaled $10.3 million, up from $9.6 million QoQ.
- Noninterest expense was $26.0 million, slightly up from $25.9 million QoQ.
- Annualized return on average common equity was 11.3% for Q2 2026.
- Paid a $0.48 per common share dividend during Q2 2026.
- Retired 753 thousand common shares using its share repurchase plan.
Price Impact
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