View ValuationWestamerica Bancorporation 향후 성장Future 기준 점검 0/6Westamerica Bancorporation 의 수익과 수익은 각각 연간 3.5% 및 7.3% 감소할 것으로 예상됩니다 while EPS는 연간 2.5% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-7.3%이익 성장률-2.49%EPS 성장률Banks 이익 성장8.2%매출 성장률-3.5%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트17 Apr 2026최근 향후 성장 업데이트Price Target Changed • Jan 10Price target increased by 7.9% to US$59.00Up from US$54.67, the current price target is an average from 3 analysts. New target price is 6.6% above last closing price of US$55.33. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$6.04 for next year compared to US$4.54 last year.Price Target Changed • Apr 08Price target decreased by 13% to US$55.33Down from US$63.67, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$42.18. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$5.45 for next year compared to US$4.54 last year.Price Target Changed • Mar 21Price target decreased by 9.0% to US$63.67Down from US$70.00, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$48.69. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$5.66 for next year compared to US$4.54 last year.Major Estimate Revision • Oct 27Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$238.3m to US$262.3m. EPS estimate increased from US$3.77 to US$4.28 per share. Net income forecast to grow 43% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$66.67 to US$68.33. Share price rose 14% to US$61.50 over the past week.Major Estimate Revision • Jul 28Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$230.1m to US$241.5m. EPS estimate increased from US$3.52 to US$3.91 per share. Net income forecast to grow 24% next year vs 8.0% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$67.50. Share price rose 5.5% to US$59.74 over the past week.모든 업데이트 보기Recent updatesDeclared Dividend • Apr 27First quarter dividend increased to US$0.48Dividend of US$0.48 is 4.3% higher than last year. Ex-date: 4th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.5% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.Recent Insider Transactions Derivative • Apr 26Senior VP & Risk Officer notifies of intention to sell stockCurtis Belton intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of April. If the sale is conducted around the recent share price of US$54.81, it would amount to US$581k. Curtis currently holds less than 1% of total shares outstanding. Company insiders have collectively sold US$125k more than they bought, via options and on-market transactions in the last 12 months.공시 • Apr 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 15, 2026Westamerica Bancorporation declared a quarterly cash dividend of $0.48 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 4, 2026. The dividend is payable May 15, 2026.New Risk • Apr 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.공시 • Apr 15Westamerica Bancorporation Appoints Carter Welch to its Board of Directors and Member of the Audit and Loan & Investment CommitteesWestamerica Bancorporation announced the appointment of Carter Welch to its Board of Directors. Carter Welch has nearly 40 years of leadership experience across financial services, consumer products, technology, manufacturing, and professional services. In addition to being a Director of Westamerica Bank, Mr. Welch will serve as a member of the Audit and Loan & Investment committees. Mr. Welch is a Business Advisor, Consultant & Fractional CMO at The Fig Tree Group and The Shirlaws Group, marketing and strategy consulting firms serving a wide range of industries. His experience includes advising leadership teams on strategy, growth, risk, culture and execution. Carter Welch’s background as a corporate strategist and senior executive in marketing, sales leadership, business development and industry positioning will provide the Board with expertise in risk-informed decision-making for long-term growth. Mr. Welch earned a BA degree in History & Liberal Arts from Bowdoin College. Mr. Welch has served on church-based boards and in leadership for youth organizations including youth sports, and as Committee Chair for Cub Scouts.공시 • Mar 16Westamerica Bancorporation, Annual General Meeting, Apr 23, 2026Westamerica Bancorporation, Annual General Meeting, Apr 23, 2026. Location: westamerica bancorporation, 4550 mangels blvd., california, fairfield United StatesReported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$4.53 (down from US$5.20 in FY 2024). Revenue: US$258.4m (down 12% from FY 2024). Net income: US$116.2m (down 16% from FY 2024). Profit margin: 45% (down from 47% in FY 2024). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.82% (down from 4.14% in FY 2024). Cost-to-income ratio: 39.3% (up from 35.4% in FY 2024). Non-performing loans: 0.25% (up from 0.09% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.Declared Dividend • Jan 26Fourth quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 2nd February 2026 Payment date: 13th February 2026 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (40% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.1% over the next 2 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range.공시 • Jan 23+ 1 more updateWestamerica Bancorporation Appoints Carter Welch as Independent Director, Effective February 26, 2026Westamerica Bancorporation announced that on January 22, 2026, the Board of Directors appointed Carter Welch to serve as an independent member of the Board of Directors effective February 26, 2026 until his successor is duly nominated, qualified, and elected. Mr. Welch has more than 25 years of experience in Marketing and Business Strategy.Reported Earnings • Jan 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$4.53 (down from US$5.20 in FY 2024). Revenue: US$258.4m (down 12% from FY 2024). Net income: US$116.2m (down 16% from FY 2024). Profit margin: 45% (down from 47% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 8.9%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.Declared Dividend • Oct 26Third quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 3rd November 2025 Payment date: 14th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 15% over the next 2 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range.공시 • Oct 23Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on November 15, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business November 3, 2025. The dividend is payable November 14, 2025.Reported Earnings • Oct 18Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$1.12 (down from US$1.31 in 3Q 2024). Revenue: US$63.7m (down 14% from 3Q 2024). Net income: US$28.3m (down 19% from 3Q 2024). Profit margin: 44% (down from 48% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 28Second quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 4th August 2025 Payment date: 15th August 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 10% over the next year. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.공시 • Jul 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 15, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business August 4, 2025. The dividend is payable August 15, 2025.Reported Earnings • Jul 18Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$1.10 (down from US$1.33 in 2Q 2024). Revenue: US$64.6m (down 13% from 2Q 2024). Net income: US$29.1m (down 18% from 2Q 2024). Profit margin: 45% (down from 48% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Jun 19Westamerica Bancorporation to Report Q2, 2025 Results on Jul 17, 2025Westamerica Bancorporation announced that they will report Q2, 2025 results at 11:30 AM, US Eastern Standard Time on Jul 17, 2025Declared Dividend • Apr 27First quarter dividend increased to US$0.46Dividend of US$0.46 is 4.5% higher than last year. Ex-date: 5th May 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next year. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.공시 • Apr 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 16, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 5, 2025. The dividend is payable May 16, 2025.Reported Earnings • Apr 17First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$1.17 (down from US$1.37 in 1Q 2024). Revenue: US$66.9m (down 12% from 1Q 2024). Net income: US$31.0m (down 15% from 1Q 2024). Profit margin: 46% (down from 48% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is expected to decline by 6.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Mar 28Westamerica Bancorporation to Report Q1, 2025 Results on Apr 17, 2025Westamerica Bancorporation announced that they will report Q1, 2025 results at 8:30 AM, Pacific Standard Time on Apr 17, 2025공시 • Mar 17Westamerica Bancorporation, Annual General Meeting, Apr 24, 2025Westamerica Bancorporation, Annual General Meeting, Apr 24, 2025. Location: westamerica bancorporation, 4550 mangels blvd., california, fairfield United StatesReported Earnings • Mar 04Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$5.20 (down from US$6.06 in FY 2023). Revenue: US$293.2m (down 9.6% from FY 2023). Net income: US$138.6m (down 14% from FY 2023). Profit margin: 47% (down from 50% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 4.14% (down from 4.37% in FY 2023). Cost-to-income ratio: 35.4% (up from 31.7% in FY 2023). Non-performing loans: 0.09% (no change from 0.09% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 7.3% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.분석 기사 • Jan 28Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.44Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of $0.44 per share on the 14th of...Declared Dividend • Jan 27Fourth quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 3rd February 2025 Payment date: 14th February 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 24% over the next 2 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.공시 • Jan 24Westamerica Bancorporation Announces Executive ChangesWestamerica Bancorporation announced the retirement of John Robert" A. Thorson, Senior Vice President and Treasurer, effective January 24, 2025, following over 35 years of service. Westamerica Bancorporation announced the appointment of John Sousa as Senior Vice President and Treasurer effective January 27, 2025. Mr. Sousa joined the Company in July 2024 as Vice President and Assistant Treasurer. Prior to joining the Company, Mr. Sousa was responsible for investment portfolio management, wholesale funding and derivatives execution at Bank of the West for over thirteen years.공시 • Jan 23Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 14, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 3, 2025. The dividend is payable February 14, 2025.Reported Earnings • Jan 16Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$5.20 (down from US$6.06 in FY 2023). Revenue: US$293.2m (down 9.6% from FY 2023). Net income: US$138.6m (down 14% from FY 2023). Profit margin: 47% (down from 50% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.분석 기사 • Oct 29Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.44Westamerica Bancorporation ( NASDAQ:WABC ) will pay a dividend of $0.44 on the 15th of November. This means that the...Declared Dividend • Oct 28Third quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 4th November 2024 Payment date: 15th November 2024 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.공시 • Oct 25Westamerica Bancorporation Declares A Quarterly Cash Dividend, Payable on November 15, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 4, 2024. The dividend is payable November 15, 2024.Reported Earnings • Oct 18Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$1.31 (down from US$1.56 in 3Q 2023). Revenue: US$73.9m (down 10% from 3Q 2023). Net income: US$35.1m (down 16% from 3Q 2023). Profit margin: 48% (down from 51% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is expected to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Oct 01Westamerica Bancorporation to Report Q3, 2024 Results on Oct 17, 2024Westamerica Bancorporation announced that they will report Q3, 2024 results at 11:30 AM, US Eastern Standard Time on Oct 17, 2024분석 기사 • Jul 30Westamerica Bancorporation (NASDAQ:WABC) Is Paying Out A Dividend Of $0.44The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of $0.44 per share on...Declared Dividend • Jul 29Second quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 5th August 2024 Payment date: 16th August 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next year. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.공시 • Jul 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 16, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 5, 2024. The dividend is payable August 16, 2024.Reported Earnings • Jul 19Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$1.33 (down from US$1.51 in 2Q 2023). Revenue: US$74.3m (down 7.8% from 2Q 2023). Net income: US$35.5m (down 12% from 2Q 2023). Profit margin: 48% (down from 50% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is expected to decline by 8.2% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$56.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 12% over the past three years.공시 • Jun 26Westamerica Bancorporation to Report Q2, 2024 Results on Jul 18, 2024Westamerica Bancorporation announced that they will report Q2, 2024 results at 11:30 AM, US Eastern Standard Time on Jul 18, 2024Reported Earnings • May 10First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: US$1.37 (down from US$1.51 in 1Q 2023). Revenue: US$75.5m (down 7.0% from 1Q 2023). Net income: US$36.4m (down 10.0% from 1Q 2023). Profit margin: 48% (down from 50% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Apr 29First quarter dividend of US$0.44 announcedShareholders will receive a dividend of US$0.44. Ex-date: 3rd May 2024 Payment date: 17th May 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next year. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range.공시 • Apr 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 17, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business May 6, 2024. The dividend is payable May 17, 2024.Seeking Alpha • Apr 20Westamerica Bancorporation: Market's Overreaction Creates OpportunitySummary WABC's balance sheet growth seems difficult this year because of a tough regional economic environment. The margin will suffer this year because of interest rate cuts and sticky deposit costs. I’m expecting earnings to dip by 10.8% year-over-year in 2024. Despite the earnings outlook, the dividend appears secure. WABC is offering a decent dividend yield of 3.8%. The year-end target price suggests a high-single-digit upside. Read the full article on Seeking AlphaReported Earnings • Apr 18First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: US$1.37 (down from US$1.51 in 1Q 2023). Revenue: US$75.5m (down 7.0% from 1Q 2023). Net income: US$36.4m (down 10.0% from 1Q 2023). Profit margin: 48% (down from 50% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 6.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.분석 기사 • Apr 17With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...공시 • Mar 23Westamerica Bancorporation to Report Q1, 2024 Results on Apr 18, 2024Westamerica Bancorporation announced that they will report Q1, 2024 results at 11:30 AM, US Eastern Standard Time on Apr 18, 2024공시 • Mar 16Westamerica Bancorporation, Annual General Meeting, Apr 25, 2024Westamerica Bancorporation, Annual General Meeting, Apr 25, 2024, at 10:00 Pacific Standard Time. Location: Westamerica Bancorporation 4550 Mangels Blvd., Fairfield, California Fairfield California United States Agenda: To Elect eight directors to serve until the 2025 Annual Meeting of Shareholders; to Approve a non-binding advisory vote on the compensation of our named executive officers; to Ratify selection of independent auditor; and to Conduct other business that may properly come before the Annual Meeting and any adjournments or postponements.Reported Earnings • Mar 03Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$6.06 (up from US$4.54 in FY 2022). Revenue: US$324.5m (up 23% from FY 2022). Net income: US$161.8m (up 33% from FY 2022). Profit margin: 50% (up from 46% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.37% (up from 3.17% in FY 2022). Cost-to-income ratio: 31.7% (down from 37.2% in FY 2022). Non-performing loans: 0.09% (up from 0.08% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 6.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Declared Dividend • Jan 29Fourth quarter dividend of US$0.44 announcedShareholders will receive a dividend of US$0.44. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 23% over the next 2 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.Recent Insider Transactions • Jan 26Chairman recently sold US$1.9m worth of stockOn the 24th of January, David Payne sold around 39k shares on-market at roughly US$49.82 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.공시 • Jan 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 16, 2024Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 5, 2024. The dividend is payable February 16, 2024.Reported Earnings • Jan 18Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$6.07 (up from US$4.54 in FY 2022). Revenue: US$324.8m (up 23% from FY 2022). Net income: US$161.8m (up 33% from FY 2022). Profit margin: 50% (up from 46% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Jan 10Price target increased by 7.9% to US$59.00Up from US$54.67, the current price target is an average from 3 analysts. New target price is 6.6% above last closing price of US$55.33. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$6.04 for next year compared to US$4.54 last year.공시 • Dec 29Westamerica Bancorporation Appoints Alisa Belew to Its Board of DirectorsWestamerica Bancorporation announced the appointment of Alisa Belew to its Board of Directors. Ms. Belew is a Director of Newmark, one of the largest commercial real estate firms in the world. As Director, she specializes in the leasing and sales of commercial properties in Marin and Sonoma counties. Ms. Belew has a proven track record as a commercial real estate agent and has long-standing relationships with both institutional landlords and local ownership groups throughout the North Bay. In 2017, Ms. Belew was named a Newmark National Rising Star, and she has been a North Bay Top Producer from 2019 to present. As a valuable partner, Alisa anticipates her real estate clients’ needs and is creative in advising the best path forward for her clients. She finds the right solution for all involved due to her extensive experience in the market.공시 • Dec 20Westamerica Bancorporation Appoints Martin Camsey as Independent Member of the Board of Directors, Effective February 22, 2024On December 14, 2023, the Westamerica Bancorporation Board of Directors appointed Martin Camsey to serve as an independent member of the Board of Directors effective February 22, 2024 until his successor is duly nominated, qualified, and elected. Mr. Camsey has more than 25 years of experience as a Chief Financial Officer and 36 years of experience as a Director.공시 • Dec 15Westamerica Bancorporation to Report Q4, 2023 Results on Jan 18, 2024Westamerica Bancorporation announced that they will report Q4, 2023 results at 11:30 AM, US Eastern Standard Time on Jan 18, 2024공시 • Nov 03Westamerica Bancorporation Announces Retirement of Ronald A. Nelson from Board of DirectorsWestamerica Bancorporation announced retirement of Ronald A. Nelson from Board of Directors. Mr. Nelson served as the Chair of the Employee Benefits and Compensation Committee, and a member of the Audit Committee, Compliance Committee, Nominating Committee, and Westamerica Bank’s Board of Directors. He served on the Company’s Board since 1988. Mr. Nelson did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.공시 • Oct 27Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on November 17, 2023Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 6, 2023. The dividend is payable November 17, 2023.Reported Earnings • Oct 22Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$1.56 (up from US$1.29 in 3Q 2022). Revenue: US$82.6m (up 14% from 3Q 2022). Net income: US$41.6m (up 20% from 3Q 2022). Profit margin: 50% (up from 48% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Sep 28Westamerica Bancorporation to Report Q3, 2023 Results on Oct 19, 2023Westamerica Bancorporation announced that they will report Q3, 2023 results at 11:30 AM, US Eastern Standard Time on Oct 19, 2023공시 • Jul 28Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 18, 2023The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 7, 2023. The dividend is payable August 18, 2023.New Risk • Jul 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$1.51 (up from US$0.94 in 2Q 2022). Revenue: US$80.6m (up 37% from 2Q 2022). Net income: US$40.2m (up 59% from 2Q 2022). Profit margin: 50% (up from 43% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 20First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$1.51 (up from US$0.84 in 1Q 2022). Revenue: US$81.3m (up 48% from 1Q 2022). Net income: US$40.5m (up 79% from 1Q 2022). Profit margin: 50% (up from 41% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 08Price target decreased by 13% to US$55.33Down from US$63.67, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$42.18. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$5.45 for next year compared to US$4.54 last year.Buying Opportunity • Apr 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be US$51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Buying Opportunity • Apr 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be US$51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Price Target Changed • Mar 21Price target decreased by 9.0% to US$63.67Down from US$70.00, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$48.69. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$5.66 for next year compared to US$4.54 last year.Reported Earnings • Mar 06Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$4.54 (up from US$3.22 in FY 2021). Revenue: US$264.0m (up 23% from FY 2021). Net income: US$122.0m (up 41% from FY 2021). Profit margin: 46% (up from 40% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (up from 2.62% in FY 2021). Cost-to-income ratio: 37.2% (down from 45.0% in FY 2021). Non-performing loans: 0.08% (down from 0.10% in FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.분석 기사 • Feb 01Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.42The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend on the 17th of...Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Inez Wondeh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Jan 27Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 17, 2023The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.42 per share on common stock outstanding to shareholders of record at the close of business February 6, 2023. The dividend is payable February 17, 2023.Reported Earnings • Jan 20Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$4.54 (up from US$3.22 in FY 2021). Revenue: US$265.0m (up 23% from FY 2021). Net income: US$122.0m (up 41% from FY 2021). Profit margin: 46% (up from 40% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.분석 기사 • Nov 01Westamerica Bancorporation (NASDAQ:WABC) Has Affirmed Its Dividend Of $0.42The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend on the 18th of...Major Estimate Revision • Oct 27Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$238.3m to US$262.3m. EPS estimate increased from US$3.77 to US$4.28 per share. Net income forecast to grow 43% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$66.67 to US$68.33. Share price rose 14% to US$61.50 over the past week.Reported Earnings • Oct 22Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.29 (up from US$0.82 in 3Q 2021). Revenue: US$72.1m (up 32% from 3Q 2021). Net income: US$34.8m (up 57% from 3Q 2021). Profit margin: 48% (up from 40% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 28Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$230.1m to US$241.5m. EPS estimate increased from US$3.52 to US$3.91 per share. Net income forecast to grow 24% next year vs 8.0% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$67.50. Share price rose 5.5% to US$59.74 over the past week.Seeking Alpha • Jul 28Westamerica declares $0.42 dividend, new buyback programWestamerica (NASDAQ:WABC) declares $0.42/share quarterly dividend, in line with previous. Forward yield 2.84% Payable Aug. 19; for shareholders of record Aug. 8; ex-div Aug. 5. In addition, the company's Board of Directors also approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares through Sept. 1, 2023. The repurchase plan represents approximately 6.5% of Westamerica's common stock outstanding as of June 30, 2022. See WABC Dividend Scorecard, Yield Chart, & Dividend Growth.Reported Earnings • Jul 22Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: US$0.94 (up from US$0.84 in 2Q 2021). Revenue: US$58.8m (up 7.2% from 2Q 2021). Net income: US$25.3m (up 12% from 2Q 2021). Profit margin: 43% (up from 41% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 8.6%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.84 (up from US$0.75 in 1Q 2021). Revenue: US$54.9m (up 5.4% from 1Q 2021). Net income: US$22.6m (up 12% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 23First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.84 (up from US$0.75 in 1Q 2021). Revenue: US$54.9m (up 5.4% from 1Q 2021). Net income: US$22.6m (up 12% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 24Now 21% undervaluedOver the last 90 days, the stock is up 5.2%. The fair value is estimated to be US$75.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% per annum over the last 3 years. Earnings per share has grown by 6.0% per annum over the last 3 years.Reported Earnings • Mar 02Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.22 (up from US$2.99 in FY 2020). Revenue: US$214.8m (up 4.6% from FY 2020). Net income: US$86.5m (up 7.6% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.62% (down from 2.91% in FY 2020). Cost-to-income ratio: 45.0% (down from 46.2% in FY 2020). Non-performing loans: 0.10% (down from 0.38% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 1.7%, compared to a 5.8% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 1.2%. The fair value is estimated to be US$73.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% per annum over the last 3 years. Earnings per share has grown by 6.0% per annum over the last 3 years.Recent Insider Transactions • Feb 07Insider recently sold US$59k worth of stockOn the 3rd of February, George Ensinger sold around 1k shares on-market at roughly US$58.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$200k more than they bought in the last 12 months.Seeking Alpha • Jan 26Westamerica Bancorp: Too Conservative With Limited GrowthConservative credit culture with more securities than loan on the balance sheet. High-quality deposit franchise with very low cost of deposit. Watch for potential acquisitions (either as a target or an acquirer).Reported Earnings • Jan 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.22 (up from US$2.99 in FY 2020). Revenue: US$214.8m (up 4.6% from FY 2020). Net income: US$86.5m (up 7.6% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to stay flat compared to a 4.3% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.분석 기사 • Oct 25With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...Reported Earnings • Oct 24Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.74 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$54.6m (up 6.3% from 3Q 2020). Net income: US$22.1m (up 10.0% from 3Q 2020). Profit margin: 40% (up from 39% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Executive Departure • Aug 10Independent Director Etta Allen has left the companyOn the 6th of August, Etta Allen's tenure as Independent Director ended after 33.6 years in the role. As of March 2021, Etta still personally held 10.94k shares (US$687k worth at the time). Etta is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.58 years.분석 기사 • Jul 26Westamerica Bancorporation (NASDAQ:WABC) Has Announced A Dividend Of US$0.41Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of US$0.41 per share on the 13th...Reported Earnings • Jul 17Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$54.8m (up 8.2% from 2Q 2020). Net income: US$22.6m (up 15% from 2Q 2020). Profit margin: 41% (up from 39% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.분석 기사 • May 24Should You Be Adding Westamerica Bancorporation (NASDAQ:WABC) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • May 08First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$52.0m (up 11% from 1Q 2020). Net income: US$20.1m (up 19% from 1Q 2020). Profit margin: 39% (up from 36% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Apr 20Independent Director recently sold US$141k worth of stockOn the 19th of April, Catherine MacMillan sold around 2k shares on-market at roughly US$64.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$131k more than they bought in the last 12 months.Reported Earnings • Apr 18First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$52.0m (up 11% from 1Q 2020). Net income: US$20.1m (up 19% from 1Q 2020). Profit margin: 39% (up from 36% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.분석 기사 • Apr 16We Discuss Why Westamerica Bancorporation's (NASDAQ:WABC) CEO May Deserve A Higher Pay PacketShareholders will be pleased by the robust performance of Westamerica Bancorporation ( NASDAQ:WABC ) recently and this...분석 기사 • Mar 09Westamerica Bancorporation (NASDAQ:WABC) Has Compensated Shareholders With A Respectable 55% Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...이익 및 매출 성장 예측NasdaqGS:WABC - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202723999N/AN/A112/31/2026248105N/AN/A13/31/2026254112116119N/A12/31/2025258116120122N/A9/30/2025265120123125N/A6/30/2025275127134136N/A3/31/2025285133130132N/A12/31/2024293139140142N/A9/30/2024304146102104N/A6/30/2024312153121122N/A3/31/2024319158155155N/A12/31/2023325162157158N/A9/30/2023323162207208N/A6/30/2023312155178179N/A3/31/2023290140136137N/A12/31/2022264122113114N/A9/30/20222381048889N/A6/30/2022222928586N/A3/31/2022218898788N/A12/31/2021215878789N/A9/30/2021218898183N/A6/30/2021215878687N/A3/31/2021211848586N/A12/31/202020580106108N/A9/30/202020077109112N/A6/30/202020078103107N/A3/31/202020078106112N/A12/31/201920480N/A81N/A9/30/201920379N/A81N/A6/30/201920275N/A86N/A3/31/201920074N/A94N/A12/31/201819772N/A97N/A9/30/201820557N/A96N/A6/30/201820055N/A90N/A3/31/201819852N/A82N/A12/31/201719450N/A81N/A9/30/201718160N/A84N/A6/30/201718361N/A82N/A3/31/201718160N/A85N/A12/31/201618459N/A78N/A9/30/201618259N/A72N/A6/30/201618058N/A72N/A3/31/201618158N/A71N/A12/31/201518259N/A70N/A9/30/201518359N/A82N/A6/30/201518460N/A71N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: WABC 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.3%).수익 vs 시장: WABC 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.3%).고성장 수익: WABC 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: WABC 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -3.5%).고성장 매출: WABC 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -3.5%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: WABC의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/17 19:32종가2026/06/17 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Westamerica Bancorporation는 15명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Leanne CaravaggioBMO Capital Markets Equity ResearchLana ChanBMO Capital Markets Equity ResearchErika NajarianBofA Global Research12명의 분석가 더 보기
Price Target Changed • Jan 10Price target increased by 7.9% to US$59.00Up from US$54.67, the current price target is an average from 3 analysts. New target price is 6.6% above last closing price of US$55.33. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$6.04 for next year compared to US$4.54 last year.
Price Target Changed • Apr 08Price target decreased by 13% to US$55.33Down from US$63.67, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$42.18. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$5.45 for next year compared to US$4.54 last year.
Price Target Changed • Mar 21Price target decreased by 9.0% to US$63.67Down from US$70.00, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$48.69. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$5.66 for next year compared to US$4.54 last year.
Major Estimate Revision • Oct 27Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$238.3m to US$262.3m. EPS estimate increased from US$3.77 to US$4.28 per share. Net income forecast to grow 43% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$66.67 to US$68.33. Share price rose 14% to US$61.50 over the past week.
Major Estimate Revision • Jul 28Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$230.1m to US$241.5m. EPS estimate increased from US$3.52 to US$3.91 per share. Net income forecast to grow 24% next year vs 8.0% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$67.50. Share price rose 5.5% to US$59.74 over the past week.
Declared Dividend • Apr 27First quarter dividend increased to US$0.48Dividend of US$0.48 is 4.3% higher than last year. Ex-date: 4th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.5% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.
Recent Insider Transactions Derivative • Apr 26Senior VP & Risk Officer notifies of intention to sell stockCurtis Belton intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of April. If the sale is conducted around the recent share price of US$54.81, it would amount to US$581k. Curtis currently holds less than 1% of total shares outstanding. Company insiders have collectively sold US$125k more than they bought, via options and on-market transactions in the last 12 months.
공시 • Apr 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 15, 2026Westamerica Bancorporation declared a quarterly cash dividend of $0.48 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 4, 2026. The dividend is payable May 15, 2026.
New Risk • Apr 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
공시 • Apr 15Westamerica Bancorporation Appoints Carter Welch to its Board of Directors and Member of the Audit and Loan & Investment CommitteesWestamerica Bancorporation announced the appointment of Carter Welch to its Board of Directors. Carter Welch has nearly 40 years of leadership experience across financial services, consumer products, technology, manufacturing, and professional services. In addition to being a Director of Westamerica Bank, Mr. Welch will serve as a member of the Audit and Loan & Investment committees. Mr. Welch is a Business Advisor, Consultant & Fractional CMO at The Fig Tree Group and The Shirlaws Group, marketing and strategy consulting firms serving a wide range of industries. His experience includes advising leadership teams on strategy, growth, risk, culture and execution. Carter Welch’s background as a corporate strategist and senior executive in marketing, sales leadership, business development and industry positioning will provide the Board with expertise in risk-informed decision-making for long-term growth. Mr. Welch earned a BA degree in History & Liberal Arts from Bowdoin College. Mr. Welch has served on church-based boards and in leadership for youth organizations including youth sports, and as Committee Chair for Cub Scouts.
공시 • Mar 16Westamerica Bancorporation, Annual General Meeting, Apr 23, 2026Westamerica Bancorporation, Annual General Meeting, Apr 23, 2026. Location: westamerica bancorporation, 4550 mangels blvd., california, fairfield United States
Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$4.53 (down from US$5.20 in FY 2024). Revenue: US$258.4m (down 12% from FY 2024). Net income: US$116.2m (down 16% from FY 2024). Profit margin: 45% (down from 47% in FY 2024). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.82% (down from 4.14% in FY 2024). Cost-to-income ratio: 39.3% (up from 35.4% in FY 2024). Non-performing loans: 0.25% (up from 0.09% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.
Declared Dividend • Jan 26Fourth quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 2nd February 2026 Payment date: 13th February 2026 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (40% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.1% over the next 2 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range.
공시 • Jan 23+ 1 more updateWestamerica Bancorporation Appoints Carter Welch as Independent Director, Effective February 26, 2026Westamerica Bancorporation announced that on January 22, 2026, the Board of Directors appointed Carter Welch to serve as an independent member of the Board of Directors effective February 26, 2026 until his successor is duly nominated, qualified, and elected. Mr. Welch has more than 25 years of experience in Marketing and Business Strategy.
Reported Earnings • Jan 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$4.53 (down from US$5.20 in FY 2024). Revenue: US$258.4m (down 12% from FY 2024). Net income: US$116.2m (down 16% from FY 2024). Profit margin: 45% (down from 47% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 8.9%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.
Declared Dividend • Oct 26Third quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 3rd November 2025 Payment date: 14th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 15% over the next 2 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range.
공시 • Oct 23Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on November 15, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business November 3, 2025. The dividend is payable November 14, 2025.
Reported Earnings • Oct 18Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$1.12 (down from US$1.31 in 3Q 2024). Revenue: US$63.7m (down 14% from 3Q 2024). Net income: US$28.3m (down 19% from 3Q 2024). Profit margin: 44% (down from 48% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 28Second quarter dividend of US$0.46 announcedShareholders will receive a dividend of US$0.46. Ex-date: 4th August 2025 Payment date: 15th August 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 10% over the next year. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.
공시 • Jul 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 15, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business August 4, 2025. The dividend is payable August 15, 2025.
Reported Earnings • Jul 18Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$1.10 (down from US$1.33 in 2Q 2024). Revenue: US$64.6m (down 13% from 2Q 2024). Net income: US$29.1m (down 18% from 2Q 2024). Profit margin: 45% (down from 48% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Jun 19Westamerica Bancorporation to Report Q2, 2025 Results on Jul 17, 2025Westamerica Bancorporation announced that they will report Q2, 2025 results at 11:30 AM, US Eastern Standard Time on Jul 17, 2025
Declared Dividend • Apr 27First quarter dividend increased to US$0.46Dividend of US$0.46 is 4.5% higher than last year. Ex-date: 5th May 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next year. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.
공시 • Apr 24Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 16, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.46 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 5, 2025. The dividend is payable May 16, 2025.
Reported Earnings • Apr 17First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$1.17 (down from US$1.37 in 1Q 2024). Revenue: US$66.9m (down 12% from 1Q 2024). Net income: US$31.0m (down 15% from 1Q 2024). Profit margin: 46% (down from 48% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is expected to decline by 6.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Mar 28Westamerica Bancorporation to Report Q1, 2025 Results on Apr 17, 2025Westamerica Bancorporation announced that they will report Q1, 2025 results at 8:30 AM, Pacific Standard Time on Apr 17, 2025
공시 • Mar 17Westamerica Bancorporation, Annual General Meeting, Apr 24, 2025Westamerica Bancorporation, Annual General Meeting, Apr 24, 2025. Location: westamerica bancorporation, 4550 mangels blvd., california, fairfield United States
Reported Earnings • Mar 04Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$5.20 (down from US$6.06 in FY 2023). Revenue: US$293.2m (down 9.6% from FY 2023). Net income: US$138.6m (down 14% from FY 2023). Profit margin: 47% (down from 50% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 4.14% (down from 4.37% in FY 2023). Cost-to-income ratio: 35.4% (up from 31.7% in FY 2023). Non-performing loans: 0.09% (no change from 0.09% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 7.3% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
분석 기사 • Jan 28Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.44Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of $0.44 per share on the 14th of...
Declared Dividend • Jan 27Fourth quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 3rd February 2025 Payment date: 14th February 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 24% over the next 2 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
공시 • Jan 24Westamerica Bancorporation Announces Executive ChangesWestamerica Bancorporation announced the retirement of John Robert" A. Thorson, Senior Vice President and Treasurer, effective January 24, 2025, following over 35 years of service. Westamerica Bancorporation announced the appointment of John Sousa as Senior Vice President and Treasurer effective January 27, 2025. Mr. Sousa joined the Company in July 2024 as Vice President and Assistant Treasurer. Prior to joining the Company, Mr. Sousa was responsible for investment portfolio management, wholesale funding and derivatives execution at Bank of the West for over thirteen years.
공시 • Jan 23Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 14, 2025The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 3, 2025. The dividend is payable February 14, 2025.
Reported Earnings • Jan 16Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$5.20 (down from US$6.06 in FY 2023). Revenue: US$293.2m (down 9.6% from FY 2023). Net income: US$138.6m (down 14% from FY 2023). Profit margin: 47% (down from 50% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 29Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.44Westamerica Bancorporation ( NASDAQ:WABC ) will pay a dividend of $0.44 on the 15th of November. This means that the...
Declared Dividend • Oct 28Third quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 4th November 2024 Payment date: 15th November 2024 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 2 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.
공시 • Oct 25Westamerica Bancorporation Declares A Quarterly Cash Dividend, Payable on November 15, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 4, 2024. The dividend is payable November 15, 2024.
Reported Earnings • Oct 18Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$1.31 (down from US$1.56 in 3Q 2023). Revenue: US$73.9m (down 10% from 3Q 2023). Net income: US$35.1m (down 16% from 3Q 2023). Profit margin: 48% (down from 51% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is expected to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Oct 01Westamerica Bancorporation to Report Q3, 2024 Results on Oct 17, 2024Westamerica Bancorporation announced that they will report Q3, 2024 results at 11:30 AM, US Eastern Standard Time on Oct 17, 2024
분석 기사 • Jul 30Westamerica Bancorporation (NASDAQ:WABC) Is Paying Out A Dividend Of $0.44The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of $0.44 per share on...
Declared Dividend • Jul 29Second quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 5th August 2024 Payment date: 16th August 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next year. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.
공시 • Jul 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 16, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 5, 2024. The dividend is payable August 16, 2024.
Reported Earnings • Jul 19Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$1.33 (down from US$1.51 in 2Q 2023). Revenue: US$74.3m (down 7.8% from 2Q 2023). Net income: US$35.5m (down 12% from 2Q 2023). Profit margin: 48% (down from 50% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is expected to decline by 8.2% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$56.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 12% over the past three years.
공시 • Jun 26Westamerica Bancorporation to Report Q2, 2024 Results on Jul 18, 2024Westamerica Bancorporation announced that they will report Q2, 2024 results at 11:30 AM, US Eastern Standard Time on Jul 18, 2024
Reported Earnings • May 10First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: US$1.37 (down from US$1.51 in 1Q 2023). Revenue: US$75.5m (down 7.0% from 1Q 2023). Net income: US$36.4m (down 10.0% from 1Q 2023). Profit margin: 48% (down from 50% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 29First quarter dividend of US$0.44 announcedShareholders will receive a dividend of US$0.44. Ex-date: 3rd May 2024 Payment date: 17th May 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next year. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range.
공시 • Apr 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 17, 2024The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business May 6, 2024. The dividend is payable May 17, 2024.
Seeking Alpha • Apr 20Westamerica Bancorporation: Market's Overreaction Creates OpportunitySummary WABC's balance sheet growth seems difficult this year because of a tough regional economic environment. The margin will suffer this year because of interest rate cuts and sticky deposit costs. I’m expecting earnings to dip by 10.8% year-over-year in 2024. Despite the earnings outlook, the dividend appears secure. WABC is offering a decent dividend yield of 3.8%. The year-end target price suggests a high-single-digit upside. Read the full article on Seeking Alpha
Reported Earnings • Apr 18First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: US$1.37 (down from US$1.51 in 1Q 2023). Revenue: US$75.5m (down 7.0% from 1Q 2023). Net income: US$36.4m (down 10.0% from 1Q 2023). Profit margin: 48% (down from 50% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 6.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
분석 기사 • Apr 17With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
공시 • Mar 23Westamerica Bancorporation to Report Q1, 2024 Results on Apr 18, 2024Westamerica Bancorporation announced that they will report Q1, 2024 results at 11:30 AM, US Eastern Standard Time on Apr 18, 2024
공시 • Mar 16Westamerica Bancorporation, Annual General Meeting, Apr 25, 2024Westamerica Bancorporation, Annual General Meeting, Apr 25, 2024, at 10:00 Pacific Standard Time. Location: Westamerica Bancorporation 4550 Mangels Blvd., Fairfield, California Fairfield California United States Agenda: To Elect eight directors to serve until the 2025 Annual Meeting of Shareholders; to Approve a non-binding advisory vote on the compensation of our named executive officers; to Ratify selection of independent auditor; and to Conduct other business that may properly come before the Annual Meeting and any adjournments or postponements.
Reported Earnings • Mar 03Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$6.06 (up from US$4.54 in FY 2022). Revenue: US$324.5m (up 23% from FY 2022). Net income: US$161.8m (up 33% from FY 2022). Profit margin: 50% (up from 46% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.37% (up from 3.17% in FY 2022). Cost-to-income ratio: 31.7% (down from 37.2% in FY 2022). Non-performing loans: 0.09% (up from 0.08% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 6.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Declared Dividend • Jan 29Fourth quarter dividend of US$0.44 announcedShareholders will receive a dividend of US$0.44. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 23% over the next 2 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.
Recent Insider Transactions • Jan 26Chairman recently sold US$1.9m worth of stockOn the 24th of January, David Payne sold around 39k shares on-market at roughly US$49.82 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.
공시 • Jan 26Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 16, 2024Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 5, 2024. The dividend is payable February 16, 2024.
Reported Earnings • Jan 18Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$6.07 (up from US$4.54 in FY 2022). Revenue: US$324.8m (up 23% from FY 2022). Net income: US$161.8m (up 33% from FY 2022). Profit margin: 50% (up from 46% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Jan 10Price target increased by 7.9% to US$59.00Up from US$54.67, the current price target is an average from 3 analysts. New target price is 6.6% above last closing price of US$55.33. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of US$6.04 for next year compared to US$4.54 last year.
공시 • Dec 29Westamerica Bancorporation Appoints Alisa Belew to Its Board of DirectorsWestamerica Bancorporation announced the appointment of Alisa Belew to its Board of Directors. Ms. Belew is a Director of Newmark, one of the largest commercial real estate firms in the world. As Director, she specializes in the leasing and sales of commercial properties in Marin and Sonoma counties. Ms. Belew has a proven track record as a commercial real estate agent and has long-standing relationships with both institutional landlords and local ownership groups throughout the North Bay. In 2017, Ms. Belew was named a Newmark National Rising Star, and she has been a North Bay Top Producer from 2019 to present. As a valuable partner, Alisa anticipates her real estate clients’ needs and is creative in advising the best path forward for her clients. She finds the right solution for all involved due to her extensive experience in the market.
공시 • Dec 20Westamerica Bancorporation Appoints Martin Camsey as Independent Member of the Board of Directors, Effective February 22, 2024On December 14, 2023, the Westamerica Bancorporation Board of Directors appointed Martin Camsey to serve as an independent member of the Board of Directors effective February 22, 2024 until his successor is duly nominated, qualified, and elected. Mr. Camsey has more than 25 years of experience as a Chief Financial Officer and 36 years of experience as a Director.
공시 • Dec 15Westamerica Bancorporation to Report Q4, 2023 Results on Jan 18, 2024Westamerica Bancorporation announced that they will report Q4, 2023 results at 11:30 AM, US Eastern Standard Time on Jan 18, 2024
공시 • Nov 03Westamerica Bancorporation Announces Retirement of Ronald A. Nelson from Board of DirectorsWestamerica Bancorporation announced retirement of Ronald A. Nelson from Board of Directors. Mr. Nelson served as the Chair of the Employee Benefits and Compensation Committee, and a member of the Audit Committee, Compliance Committee, Nominating Committee, and Westamerica Bank’s Board of Directors. He served on the Company’s Board since 1988. Mr. Nelson did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.
공시 • Oct 27Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on November 17, 2023Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 6, 2023. The dividend is payable November 17, 2023.
Reported Earnings • Oct 22Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$1.56 (up from US$1.29 in 3Q 2022). Revenue: US$82.6m (up 14% from 3Q 2022). Net income: US$41.6m (up 20% from 3Q 2022). Profit margin: 50% (up from 48% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Sep 28Westamerica Bancorporation to Report Q3, 2023 Results on Oct 19, 2023Westamerica Bancorporation announced that they will report Q3, 2023 results at 11:30 AM, US Eastern Standard Time on Oct 19, 2023
공시 • Jul 28Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 18, 2023The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 7, 2023. The dividend is payable August 18, 2023.
New Risk • Jul 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 21Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$1.51 (up from US$0.94 in 2Q 2022). Revenue: US$80.6m (up 37% from 2Q 2022). Net income: US$40.2m (up 59% from 2Q 2022). Profit margin: 50% (up from 43% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 20First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$1.51 (up from US$0.84 in 1Q 2022). Revenue: US$81.3m (up 48% from 1Q 2022). Net income: US$40.5m (up 79% from 1Q 2022). Profit margin: 50% (up from 41% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 08Price target decreased by 13% to US$55.33Down from US$63.67, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$42.18. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$5.45 for next year compared to US$4.54 last year.
Buying Opportunity • Apr 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be US$51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Buying Opportunity • Apr 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be US$51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Price Target Changed • Mar 21Price target decreased by 9.0% to US$63.67Down from US$70.00, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$48.69. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$5.66 for next year compared to US$4.54 last year.
Reported Earnings • Mar 06Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$4.54 (up from US$3.22 in FY 2021). Revenue: US$264.0m (up 23% from FY 2021). Net income: US$122.0m (up 41% from FY 2021). Profit margin: 46% (up from 40% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (up from 2.62% in FY 2021). Cost-to-income ratio: 37.2% (down from 45.0% in FY 2021). Non-performing loans: 0.08% (down from 0.10% in FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
분석 기사 • Feb 01Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.42The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend on the 17th of...
Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Inez Wondeh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Jan 27Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 17, 2023The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.42 per share on common stock outstanding to shareholders of record at the close of business February 6, 2023. The dividend is payable February 17, 2023.
Reported Earnings • Jan 20Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$4.54 (up from US$3.22 in FY 2021). Revenue: US$265.0m (up 23% from FY 2021). Net income: US$122.0m (up 41% from FY 2021). Profit margin: 46% (up from 40% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 01Westamerica Bancorporation (NASDAQ:WABC) Has Affirmed Its Dividend Of $0.42The board of Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend on the 18th of...
Major Estimate Revision • Oct 27Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$238.3m to US$262.3m. EPS estimate increased from US$3.77 to US$4.28 per share. Net income forecast to grow 43% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$66.67 to US$68.33. Share price rose 14% to US$61.50 over the past week.
Reported Earnings • Oct 22Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.29 (up from US$0.82 in 3Q 2021). Revenue: US$72.1m (up 32% from 3Q 2021). Net income: US$34.8m (up 57% from 3Q 2021). Profit margin: 48% (up from 40% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 28Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$230.1m to US$241.5m. EPS estimate increased from US$3.52 to US$3.91 per share. Net income forecast to grow 24% next year vs 8.0% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$67.50. Share price rose 5.5% to US$59.74 over the past week.
Seeking Alpha • Jul 28Westamerica declares $0.42 dividend, new buyback programWestamerica (NASDAQ:WABC) declares $0.42/share quarterly dividend, in line with previous. Forward yield 2.84% Payable Aug. 19; for shareholders of record Aug. 8; ex-div Aug. 5. In addition, the company's Board of Directors also approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares through Sept. 1, 2023. The repurchase plan represents approximately 6.5% of Westamerica's common stock outstanding as of June 30, 2022. See WABC Dividend Scorecard, Yield Chart, & Dividend Growth.
Reported Earnings • Jul 22Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: US$0.94 (up from US$0.84 in 2Q 2021). Revenue: US$58.8m (up 7.2% from 2Q 2021). Net income: US$25.3m (up 12% from 2Q 2021). Profit margin: 43% (up from 41% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 8.6%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.84 (up from US$0.75 in 1Q 2021). Revenue: US$54.9m (up 5.4% from 1Q 2021). Net income: US$22.6m (up 12% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 23First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.84 (up from US$0.75 in 1Q 2021). Revenue: US$54.9m (up 5.4% from 1Q 2021). Net income: US$22.6m (up 12% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 24Now 21% undervaluedOver the last 90 days, the stock is up 5.2%. The fair value is estimated to be US$75.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% per annum over the last 3 years. Earnings per share has grown by 6.0% per annum over the last 3 years.
Reported Earnings • Mar 02Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.22 (up from US$2.99 in FY 2020). Revenue: US$214.8m (up 4.6% from FY 2020). Net income: US$86.5m (up 7.6% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.62% (down from 2.91% in FY 2020). Cost-to-income ratio: 45.0% (down from 46.2% in FY 2020). Non-performing loans: 0.10% (down from 0.38% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 1.7%, compared to a 5.8% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 1.2%. The fair value is estimated to be US$73.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% per annum over the last 3 years. Earnings per share has grown by 6.0% per annum over the last 3 years.
Recent Insider Transactions • Feb 07Insider recently sold US$59k worth of stockOn the 3rd of February, George Ensinger sold around 1k shares on-market at roughly US$58.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$200k more than they bought in the last 12 months.
Seeking Alpha • Jan 26Westamerica Bancorp: Too Conservative With Limited GrowthConservative credit culture with more securities than loan on the balance sheet. High-quality deposit franchise with very low cost of deposit. Watch for potential acquisitions (either as a target or an acquirer).
Reported Earnings • Jan 22Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.22 (up from US$2.99 in FY 2020). Revenue: US$214.8m (up 4.6% from FY 2020). Net income: US$86.5m (up 7.6% from FY 2020). Profit margin: 40% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to stay flat compared to a 4.3% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 25With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Reported Earnings • Oct 24Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.74 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$54.6m (up 6.3% from 3Q 2020). Net income: US$22.1m (up 10.0% from 3Q 2020). Profit margin: 40% (up from 39% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Executive Departure • Aug 10Independent Director Etta Allen has left the companyOn the 6th of August, Etta Allen's tenure as Independent Director ended after 33.6 years in the role. As of March 2021, Etta still personally held 10.94k shares (US$687k worth at the time). Etta is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.58 years.
분석 기사 • Jul 26Westamerica Bancorporation (NASDAQ:WABC) Has Announced A Dividend Of US$0.41Westamerica Bancorporation ( NASDAQ:WABC ) has announced that it will pay a dividend of US$0.41 per share on the 13th...
Reported Earnings • Jul 17Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$54.8m (up 8.2% from 2Q 2020). Net income: US$22.6m (up 15% from 2Q 2020). Profit margin: 41% (up from 39% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
분석 기사 • May 24Should You Be Adding Westamerica Bancorporation (NASDAQ:WABC) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • May 08First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$52.0m (up 11% from 1Q 2020). Net income: US$20.1m (up 19% from 1Q 2020). Profit margin: 39% (up from 36% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Apr 20Independent Director recently sold US$141k worth of stockOn the 19th of April, Catherine MacMillan sold around 2k shares on-market at roughly US$64.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$131k more than they bought in the last 12 months.
Reported Earnings • Apr 18First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$52.0m (up 11% from 1Q 2020). Net income: US$20.1m (up 19% from 1Q 2020). Profit margin: 39% (up from 36% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
분석 기사 • Apr 16We Discuss Why Westamerica Bancorporation's (NASDAQ:WABC) CEO May Deserve A Higher Pay PacketShareholders will be pleased by the robust performance of Westamerica Bancorporation ( NASDAQ:WABC ) recently and this...
분석 기사 • Mar 09Westamerica Bancorporation (NASDAQ:WABC) Has Compensated Shareholders With A Respectable 55% Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...