Westamerica Bancorporation Reports Third Quarter 2024 Financial Results
Westamerica Bancorporation (WABC)
US:NASDAQ Investor Relations:
westamerica.com/index.php/shareholders
Company Research
Source: GlobeNewswire
SAN RAFAEL, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the third quarter 2024 of $35.1 million and diluted earnings per common share ("EPS") of $1.31, which includes gains from life insurance and sales of other assets equivalent to $0.04 EPS. Third quarter 2024 results compare to second quarter 2024 net income of $35.5 million and EPS of $1.33. "Westamerica’s third quarter 2024 results benefited from the Company’s valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.37 percent in the quarter. Operating expenses remained well controlled at 35 percent of total revenues in the third quarter 2024. The Company recognized no provision for credit losses in the third quarter 2024. At September 30, 2024, nonperforming assets were stable at $0.9 mill
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News
- Westamerica Bancorporation Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- The past five years for Westamerica Bancorporation (NASDAQ:WABC) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Westamerica Bancorporation Declares Quarterly Cash DividendGlobeNewswire
- Westamerica Bancorporation (NASDAQ: WABC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Westamerica (WABC) Q3 Earnings Match Estimates [Yahoo! Finance]Yahoo! Finance
WABC
Earnings
- 10/17/24 - Beat
WABC
Sec Filings
- 11/8/24 - Form 10-Q
- 11/8/24 - Form SC
- 10/24/24 - Form 8-K
- WABC's page on the SEC website