Loading…
Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers in the United States. The company accepts various deposit products from local businesses and professionals, as well as retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial real estate, residential real estate, real estate construction, consumer installment loans, as well as indirect automobile loans. The company serves small businesses, professionals, and consumers. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1884 and is headquartered in San Rafael, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $258M | - | $116M | $120M | 12.4% | -12.2% | -16.2% |
| 2024 | $294M | - | $139M | $140M | 15.6% | -9.2% | -14.3% |
| 2023 | $324M | - | $162M | $157M | 20.9% | 22.2% | 32.6% |
| 2022 | $265M | - | $122M | $113M | 20.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 264.95 | 323.64 | 293.75 | 258.06 |
| Pretax Income | - | 165.59 | 221.58 | 189.06 | 156.69 |
| Tax Provision | - | 43.56 | 59.81 | 50.42 | 40.51 |
| Net Income | - | 122.03 | 161.77 | 138.64 | 116.17 |
| Net Income Common Stockholders | - | 122.03 | 161.77 | 138.64 | 116.17 |
| Interest Expense | - | 1.92 | 3.89 | 17.42 | 13.71 |
| Interest Income | - | 221.76 | 284.01 | 268.01 | 230.98 |
| Selling General And Administration | - | 46.12 | 47.87 | 50.29 | 48.69 |
| Normalized Income | - | 122.03 | 161.77 | 138.64 | 116.17 |
| Market Cap | 1,300.18 | 1,300.18 | 1,300.18 | 1,300.18 | 1,300.18 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Westamerica Bancorporationthis co. | WABC | $1.4B | 11.19↓ discount | 1.39 | 12.4% | - |
| Lakeland Financial Corporation | LKFN | $1.5B | 15.05 | 2.04 | 13.6% | - |
| QCR Holdings, Inc. | QCRH | $1.5B | 11.36 | 1.36 | 11.4% | - |
| Exzeo Group, Inc. | XZO | $1.5B | 16.44 | 5.82 | 32.6% | 10.44 |
| Byline Bancorp, Inc. | BY | $1.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 10.52 |
| 1.15 |
| 10.3% |
| - |
| Republic Bancorp, Inc. | RBCAA | $1.5B | 11.57 | 1.33 | 11.9% | - |
| ConnectOne Bancorp, Inc. | CNOB | $1.5B | 15.61 | 0.98 | 5.1% | - |
| Origin Bancorp, Inc. | OBK | $1.4B | 18.18 | 1.15 | 6.0% | - |
| Gold.com, Inc. | GOLD | $1.3B | 94.10 | 1.72 | 2.5% | 22.62 |
| Peer Median | - | 15.33 | 1.34 | 10.8% | 16.53 | |