WABC
Westamerica Bancorporation
NASDAQ: WABC · FINANCIAL SERVICES · BANKS - REGIONAL
$54.83
-0.42% today
Updated 2026-04-29
Market cap
$1.30B
P/E ratio
12.21
P/S ratio
5.10x
EPS (TTM)
$4.49
Dividend yield
3.34%
52W range
$44 – $56
Volume
0.2M
Westamerica Bancorporation (WABC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $301.86M | $295.15M | $206.41M | $305.12M | $282.43M | $268.08M | $240.39M | $211.41M | $192.00M | $184.40M | $182.49M | $194.31M | $199.87M | $206.09M | $207.96M | $216.79M | $266.88M | $327.54M | $311.17M | $271.84M |
| Revenue growth (YoY) | — | -2.2% | -30.1% | +47.8% | -7.4% | -5.1% | -10.3% | -12.1% | -9.2% | -4.0% | -1.0% | +6.5% | +2.9% | +3.1% | +0.9% | +4.2% | +23.1% | +22.7% | -5.0% | -12.6% |
| Cost of revenue | $65.71M | $73.25M | $35.94M | $29.88M | $24.04M | $19.58M | $16.94M | $12.67M | $6.24M | $2.42M | $-1.08M | $0.00 | $1.96M | $1.89M | $6.12M | $1.96M | $1.93M | $2.74M | $17.72M | $13.16M |
| Gross profit | $236.15M | $221.90M | $170.47M | $275.24M | $258.39M | $248.49M | $223.44M | $198.74M | $185.75M | $181.97M | $183.58M | $194.31M | $197.91M | $204.20M | $201.83M | $214.83M | $264.95M | $324.80M | $293.45M | $258.70M |
| Gross margin | 78.2% | 75.2% | 82.6% | 90.2% | 91.5% | 92.7% | 93.0% | 94.0% | 96.7% | 98.7% | 100.6% | 100.0% | 99.0% | 99.1% | 97.1% | 99.1% | 99.3% | 99.2% | 94.3% | 95.2% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $52.30M | $62.95M | $55.33M | $75.46M | $61.75M | $58.50M | $57.39M | $56.63M | $54.78M | $52.19M | $51.51M | $51.52M | $53.01M | $51.05M | $50.75M | $48.01M | $46.13M | $47.87M | $50.29M | $70.75M |
| Operating income | $134.43M | $120.47M | $69.71M | $183.30M | $131.42M | $120.82M | $106.56M | $86.12M | $78.95M | $76.67M | $79.96M | $87.17M | $91.00M | $105.22M | $106.80M | $117.03M | $165.59M | $221.58M | $189.06M | $156.69M |
| Operating margin | 44.5% | 40.8% | 33.8% | 60.1% | 46.5% | 45.1% | 44.3% | 40.7% | 41.1% | 41.6% | 43.8% | 44.9% | 45.5% | 51.1% | 51.4% | 54.0% | 62.0% | 67.7% | 60.8% | 57.6% |
| EBITDA | $144.23M | $129.96M | $79.15M | $193.73M | $146.75M | $135.07M | $120.63M | $104.14M | $94.45M | $93.07M | $99.90M | $113.25M | $115.40M | $125.84M | $129.45M | $133.64M | $182.16M | $233.35M | $199.46M | $162.78M |
| EBITDA margin | 47.8% | 44.0% | 38.3% | 63.5% | 52.0% | 50.4% | 50.2% | 49.3% | 49.2% | 50.5% | 54.7% | 58.3% | 57.7% | 61.1% | 62.2% | 61.6% | 68.3% | 71.2% | 64.1% | 59.9% |
| EBIT | $134.43M | $120.47M | $69.71M | $183.30M | $131.42M | $120.82M | $106.56M | $86.12M | $78.95M | $76.67M | $79.96M | $87.17M | $91.00M | $105.22M | $106.80M | $117.03M | $165.59M | $221.58M | $189.06M | $156.69M |
| Interest expense | $65.27M | $72.56M | $33.24M | $19.38M | $12.84M | $8.38M | $5.74M | $4.67M | $3.44M | $2.42M | $2.12M | $1.90M | $1.96M | $1.89M | $1.82M | $1.96M | $1.93M | $3.89M | $17.42M | $13.71M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $98.81M | $89.78M | $59.84M | $125.43M | $94.58M | $87.89M | $81.13M | $67.18M | $60.65M | $58.75M | $58.85M | $50.02M | $71.56M | $80.39M | $80.41M | $86.51M | $122.03M | $161.77M | $138.64M | $116.17M |
| Net income growth (YoY) | — | -9.1% | -33.4% | +109.6% | -24.6% | -7.1% | -7.7% | -17.2% | -9.7% | -3.1% | +0.2% | -15.0% | +43.1% | +12.3% | +0.0% | +7.6% | +41.1% | +32.6% | -14.3% | -16.2% |
| Profit margin | 32.7% | 30.4% | 29.0% | 41.1% | 33.5% | 32.8% | 33.7% | 31.8% | 31.6% | 31.9% | 32.2% | 25.7% | 35.8% | 39.0% | 38.7% | 39.9% | 45.7% | 49.4% | 44.6% | 42.7% |