WABCNasdaqNational Commercial BanksFiscal year ends December 31
WESTAMERICA BANCORPORATION
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$60.10−1.18 (-1.93%)
Close on Oct 19, 2026
- Market cap
- $1.40B
- P/E (TTM)
- 13.2
- Dividend yield
- 3.03%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
45.0%+6.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.2% | -0.9% | +4.2% | +3.6% | |
| Net income | -16.2% | -1.6% | +7.6% | +7.1% | |
| EPS, diluted | -13.1% | -0.1% | +8.7% | +7.0% | |
| Free cash flow | -14.4% | +2.0% | +2.5% | +6.1% | |
| Dividend per share | +3.4% | +2.7% | +2.1% | +1.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.8% | 10.2% | 12.7% | |
| Return on assets | 1.1% | 1.3% | 1.9% | |
| Capex to revenue | 1.0% | 1.0% | 0.9% | |
| Diluted shares | 26M | 27M | 26M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Westamerica Bancorporation generated $624.11M from operations and spent $354.81M on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$624.11M
Used
$354.81M
Capital expenditure$7.29M2%Dividends$229.33M65%Share buybacks$118.19M33%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin45.0%
×Asset turnover0.04×
×Equity multiplier6.60×
=Return on equity, FY202512.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 45.0% | 0.04× | 6.60× | 12.7% |
| FY2024 | 47.2% | 0.05× | 7.48× | 16.7% |
| FY2023 | 50.0% | 0.05× | 9.68× | 23.5% |
| FY2022 | 46.1% | 0.04× | 10.08× | 17.1% |
| FY2021 | 40.3% | 0.03× | 8.50× | 10.3% |
| FY2020 | 38.4% | 0.03× | 7.85× | 10.2% |
| FY2019 | 39.4% | 0.04× | 8.31× | 11.9% |
| FY2018 | 36.2% | 0.04× | 9.19× | 11.9% |
| FY2017 | 25.9% | 0.04× | 9.45× | 8.7% |
| FY2016 | 32.6% | 0.03× | 9.63× | 10.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$116.17M
- Cash generatingOperating cash flow above zero$121.90M
- Return on assets improvedROA up on the prior year2.2% → 1.9%
- Earnings backed by cashOperating cash flow above net income$121.90M vs $116.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise27M → 26M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.05 → 0.04