For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Noninterest income revenue-Deposit Account | 13,336 | - | ||
| Noninterest income revenue-Credit Card Merchant Discount | 10,970 | - | ||
| Noninterest income revenue-Debit Card | 6,346 | - | ||
| Noninterest income revenue-Fiduciary And Trust | 3,584 | - | ||
| Noninterest income revenue-ATMProcessing Fees | 1,912 | - | ||
| Noninterest income revenue-Financial Service Other | 1,753 | - | ||
| Bank owned life insurance gains | 208 | 202 | ||
| Noninterest income revenue | - | 36,815 | ||
| Losses on sale of securities | 0 | - | ||
| Other noninterest income | 2,681 | 4,368 | ||
| Total noninterest income | 40,790 | 43,155 | ||
| Loans | 41,682 | 45,286 | ||
| Equity securities | 1,672 | 719 | ||
| Debt securities available for sale | 126,155 | 167,842 | ||
| Debt securities held to maturity | 33,667 | 34,502 | ||
| Interest-bearing cash | 27,804 | 19,665 | ||
| Total interest and loan fee income | 230,980 | 268,014 | ||
| Deposits-Deposit Account | 13,012 | - | ||
| Bank term funding program borrowings | 0 | 5,813 | ||
| Deposits | - | 10,941 | ||
| Securities sold under repurchase agreements | 700 | 665 | ||
| Total interest expense | 13,712 | 17,419 | ||
| Net interest and loan fee income | 217,268 | 250,595 | ||
| (reversal of) provision for credit losses | -550 | 300 | ||
| Net interest and loan fee income after (reversal of) provision for credit losses | 217,818 | 250,295 | ||
| Salaries and related benefits | 48,687 | 50,292 | ||
| Occupancy and equipment | 20,871 | 20,673 | ||
| Outsourced data processing services | 10,829 | 10,271 | ||
| Limited partnership operating losses | -3,636 | -5,185 | ||
| Courier service | 2,956 | 2,709 | ||
| Professional fees | 1,964 | 1,470 | ||
| Other noninterest expense | 12,979 | 13,791 | ||
| Total noninterest expense | 101,922 | 104,391 | ||
| Income before income taxes | 156,686 | 189,059 | ||
| Provision for income taxes | 40,513 | 50,423 | ||
| Net income | 116,173 | 138,636 | ||
| Basic EPS | 4.52 | 5.2 | ||
| Diluted EPS | 4.52 | 5.2 | ||
| Basic Average Shares | 25,674,000 | 26,685,000 | ||
| Diluted Average Shares | 25,674,000 | 26,686,000 | ||
WESTAMERICA BANCORPORATION (WABC)
WESTAMERICA BANCORPORATION (WABC)