Westamerica Bancorporation Past Earnings Performance

Past criteria checks 4/6

Westamerica Bancorporation has been growing earnings at an average annual rate of 18%, while the Banks industry saw earnings growing at 9.6% annually. Revenues have been growing at an average rate of 11.1% per year. Westamerica Bancorporation's return on equity is 19.9%, and it has net margins of 49.5%.

Key information

18.0%

Earnings growth rate

18.2%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	11.1%
Return on equity	19.9%
Net Margin	49.5%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Westamerica Bancorporation: Market's Overreaction Creates Opportunity

Apr 20

With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Makes An Interesting Case

Apr 17

With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Is Interesting

Oct 25

Westamerica Bancorporation (NASDAQ:WABC) Has Announced A Dividend Of US$0.41

Jul 26

Should You Be Adding Westamerica Bancorporation (NASDAQ:WABC) To Your Watchlist Today?

May 24

We Discuss Why Westamerica Bancorporation's (NASDAQ:WABC) CEO May Deserve A Higher Pay Packet

Apr 16

Westamerica Bancorporation (NASDAQ:WABC) Has Compensated Shareholders With A Respectable 55% Return On Their Investment

Mar 09

Westamerica Bancorporation (NASDAQ:WABC) Goes Ex-Dividend Soon

Feb 01

Revenue Beat: Westamerica Bancorporation Exceeded Revenue Forecasts By 9.7% And Analysts Are Updating Their Estimates

Jan 25

What Type Of Shareholders Own The Most Number of Westamerica Bancorporation (NASDAQ:WABC) Shares?

Dec 29

How Much Are Westamerica Bancorporation (NASDAQ:WABC) Insiders Taking Off The Table?

Dec 08

Revenue & Expenses Breakdown
Beta

How Westamerica Bancorporation makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:WABC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	319	158	83
31 Dec 23	325	162	83
30 Sep 23	323	162	82
30 Jun 23	312	155	82
31 Mar 23	290	140	82
31 Dec 22	264	122	81
30 Sep 22	238	104	80
30 Jun 22	222	92	81
31 Mar 22	218	89	81
31 Dec 21	215	87	82
30 Sep 21	218	89	83
30 Jun 21	215	87	84
31 Mar 21	211	84	84
31 Dec 20	205	80	84
30 Sep 20	200	77	84
30 Jun 20	200	78	85
31 Mar 20	200	78	85
31 Dec 19	204	80	85
30 Sep 19	203	79	86
30 Jun 19	202	75	86
31 Mar 19	200	74	87
31 Dec 18	197	72	87
30 Sep 18	205	57	86
30 Jun 18	200	55	85
31 Mar 18	198	52	84
31 Dec 17	194	50	84
30 Sep 17	181	60	84
30 Jun 17	183	61	85
31 Mar 17	181	60	85
31 Dec 16	184	59	85
30 Sep 16	182	59	85
30 Jun 16	180	58	84
31 Mar 16	181	58	85
31 Dec 15	182	59	85
30 Sep 15	183	59	86
30 Jun 15	184	60	87
31 Mar 15	185	60	87
31 Dec 14	186	61	87
30 Sep 14	188	62	89
30 Jun 14	191	63	89
31 Mar 14	195	65	89
31 Dec 13	199	67	90
30 Sep 13	204	70	89
30 Jun 13	210	74	90

Quality Earnings: WABC has high quality earnings.

Growing Profit Margin: WABC's current net profit margins (49.5%) are higher than last year (48.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WABC's earnings have grown by 18% per year over the past 5 years.

Accelerating Growth: WABC's earnings growth over the past year (12.8%) is below its 5-year average (18% per year).

Earnings vs Industry: WABC earnings growth over the past year (12.8%) exceeded the Banks industry -13.7%.

Westamerica Bancorporation Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

Westamerica Bancorporation to Report Q1, 2024 Results on Apr 18, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Westamerica Bancorporation to Report Q4, 2023 Results on Jan 18, 2024

Recent updates

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

First quarter dividend of US$0.44 announced

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on May 17, 2024

Westamerica Bancorporation: Market's Overreaction Creates Opportunity

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Makes An Interesting Case

Westamerica Bancorporation to Report Q1, 2024 Results on Apr 18, 2024

Westamerica Bancorporation, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Fourth quarter dividend of US$0.44 announced

Chairman recently sold US$1.9m worth of stock

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 16, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Price target increased by 7.9% to US$59.00

Westamerica Bancorporation Appoints Alisa Belew to Its Board of Directors

Westamerica Bancorporation Appoints Martin Camsey as Independent Member of the Board of Directors, Effective February 22, 2024

Westamerica Bancorporation to Report Q4, 2023 Results on Jan 18, 2024

Westamerica Bancorporation Announces Retirement of Ronald A. Nelson from Board of Directors

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on November 17, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Westamerica Bancorporation to Report Q3, 2023 Results on Oct 19, 2023

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 18, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 13% to US$55.33

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target decreased by 9.0% to US$63.67

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Westamerica Bancorporation's (NASDAQ:WABC) Dividend Will Be $0.42

Insufficient new directors

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on February 17, 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Westamerica Bancorporation (NASDAQ:WABC) Has Affirmed Its Dividend Of $0.42

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable November 18, 2022

Consensus revenue estimates increase by 10%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Westamerica Bancorporation to Report Q3, 2022 Results on Oct 20, 2022

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable on August 19, 2022

Consensus EPS estimates increase by 11%

Westamerica declares $0.42 dividend, new buyback program

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Westamerica Bancorporation to Report Q2, 2022 Results on Jul 21, 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued

Westamerica Bancorporation Announces Not Stand for Re-Election of Louis E. Bartolini to the Board of Directors

Insider recently sold US$59k worth of stock

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable February 18, 2022

Westamerica Bancorp: Too Conservative With Limited Growth

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

With EPS Growth And More, Westamerica Bancorporation (NASDAQ:WABC) Is Interesting

Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.74 in 3Q 2020)

Independent Director Etta Allen has left the company

Westamerica Bancorporation (NASDAQ:WABC) Has Announced A Dividend Of US$0.41

Second quarter 2021 earnings released

Westamerica Bancorporation(NasdaqGS:WABC) dropped from Russell 3000 Growth Index

Should You Be Adding Westamerica Bancorporation (NASDAQ:WABC) To Your Watchlist Today?

First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)

Independent Director recently sold US$141k worth of stock

First quarter 2021 earnings released: EPS US$0.75 (vs US$0.63 in 1Q 2020)

We Discuss Why Westamerica Bancorporation's (NASDAQ:WABC) CEO May Deserve A Higher Pay Packet

Westamerica Bancorporation to Report Q1, 2021 Results on Apr 15, 2021

Westamerica Bancorporation, Annual General Meeting, Apr 22, 2021

Westamerica Bancorporation (NASDAQ:WABC) Has Compensated Shareholders With A Respectable 55% Return On Their Investment

Full year 2020 earnings released: EPS US$2.99 (vs US$2.98 in FY 2019)

Revenue & Expenses Breakdown
Beta