Westamerica Bancorp - Understand $wabc stock

$WABC Market Cap: $1.525 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$276.7M

TTM

Gross Margin

Net Earnings

$146.4M

TTM

Current Assets

Current Liabilities

$132.5M

Q3 2024

Current Ratio

Total Assets

$6.161B

Q3 2024

Total Liabilities

$5.252B

Q3 2024

Book Value

$909.0M

Q3 2024

Cash

$502.9M

Q3 2024

P/E

10.41

Nov 13, 2024 EST

Free Cash Flow

$62.41M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$284.0M	$221.8M	$173.4M	$165.9M	$158.7M	$151.7M	$138.3M	$135.9M	$136.5M	$140.2M
YoY Change	28.07%	27.86%	4.57%	4.52%	4.59%	9.7%	1.76%	-0.45%	-2.62%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$284.0M	$221.8M	$173.4M	$165.9M	$158.7M	$151.7M	$138.3M	$135.9M	$136.5M	$140.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$11.77M	$16.57M	$16.60M	$22.60M	$20.60M	$24.40M	$26.10M	$19.90M	$16.40M	$15.50M	$18.00M	$14.10M	$14.30M	$15.30M	$10.40M	$9.400M	$9.300M	$10.20M	$9.800M	$6.200M	$5.900M	$6.500M	$8.200M	$7.900M	$8.300M	$8.600M	$9.800M	$10.00M	$10.60M	$5.200M	$5.000M	$4.200M	$4.200M	$2.700M	$2.700M	$2.800M
YoY Change	-28.92%	-0.21%	-26.55%	9.71%	-15.57%	-6.51%	31.16%	21.34%	5.81%	-13.89%	27.66%	-1.4%	-6.54%	47.12%	10.64%	1.08%	-8.82%	4.08%	58.06%	5.08%	-9.23%	-20.73%	3.8%	-4.82%	-3.49%	-12.24%	-2.0%	-5.66%	103.85%	4.0%	19.05%	0.0%	55.56%	0.0%	-3.57%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$3.890M	$1.925M	$1.955M	$1.824M	$1.888M	$1.959M	$1.900M	$2.116M	$2.424M	$3.444M
YoY Change	102.08%	-1.53%	7.18%	-3.39%	-3.62%	3.11%	-10.21%	-12.71%	-29.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$221.6M	$165.6M	$117.0M	$106.8M	$105.2M	$91.00M	$87.17M	$79.96M	$76.67M	$78.95M	$86.10M	$106.6M	$120.8M	$131.4M	$183.3M	$69.70M	$120.5M	$134.4M	$145.5M	$129.0M	$134.2M	$128.1M	$124.6M	$118.2M	$114.5M	$111.4M	$74.10M	$70.40M	$65.10M	$40.50M	$16.60M	$25.70M	$17.80M	$16.60M	$10.20M	$5.600M	-$100.0K	$9.200M	$6.100M	$5.800M	$3.300M
YoY Change	33.81%	41.5%	9.57%	1.51%	15.63%	4.39%	9.02%	4.28%	-2.89%	-8.3%	-19.23%	-11.75%	-8.07%	-28.31%	162.98%	-42.16%	-10.34%	-7.63%	12.79%	-3.87%	4.76%	2.81%	5.41%	3.23%	2.78%	50.34%	5.26%	8.14%	60.74%	143.98%	-35.41%	44.38%	7.23%	62.75%	82.14%	-5700.0%	-101.09%	50.82%	5.17%	75.76%
Income Tax	$59.81M	$43.56M	$30.52M	$26.39M	$24.83M	$19.43M	$37.15M	$21.10M	$17.92M	$18.31M	$18.90M	$25.40M	$32.90M	$36.80M	$57.90M	$9.900M	$30.70M	$35.60M	$39.50M	$35.80M	$39.10M	$40.90M	$40.30M	$38.40M	$38.40M	$38.00M	$26.00M	$23.60M	$21.90M	$12.80M	$4.500M	$9.600M	$5.800M	$5.400M	$2.900M	$800.0K	-$2.400M	$900.0K	$700.0K	$1.500M	$100.0K
% Of Pretax Income	26.99%	26.3%	26.08%	24.71%	23.6%	21.36%	42.61%	26.39%	23.37%	23.19%	21.95%	23.83%	27.24%	28.01%	31.59%	14.2%	25.48%	26.49%	27.15%	27.75%	29.14%	31.93%	32.34%	32.49%	33.54%	34.11%	35.09%	33.52%	33.64%	31.6%	27.11%	37.35%	32.58%	32.53%	28.43%	14.29%		9.78%	11.48%	25.86%	3.03%
Net Earnings	$161.8M	$122.0M	$86.51M	$80.41M	$80.39M	$71.56M	$50.03M	$58.85M	$58.75M	$60.65M	$67.20M	$81.10M	$87.90M	$94.60M	$125.4M	$59.80M	$89.80M	$98.80M	$106.0M	$93.30M	$95.10M	$87.10M	$84.30M	$79.80M	$76.10M	$73.40M	$48.10M	$46.80M	$43.20M	$27.70M	$12.10M	$16.00M	$12.00M	$11.20M	$7.300M	$4.800M	$2.300M	$8.300M	$5.400M	$4.300M	$3.100M
YoY Change	32.56%	41.07%	7.58%	0.03%	12.33%	43.06%	-15.0%	0.17%	-3.12%	-9.75%	-17.14%	-7.74%	-7.08%	-24.56%	109.7%	-33.41%	-9.11%	-6.79%	13.61%	-1.89%	9.18%	3.32%	5.64%	4.86%	3.68%	52.6%	2.78%	8.33%	55.96%	128.93%	-24.38%	33.33%	7.14%	53.42%	52.08%	108.7%	-72.29%	53.7%	25.58%	38.71%
Net Earnings / Revenue	56.96%	55.03%	49.88%	48.48%	50.66%	47.17%	36.17%	43.3%	43.03%	43.25%
Basic Earnings Per Share	$6.06	$4.54	$3.22	$2.98	$2.98	$2.69	$1.90	$2.30	$2.30	$2.32
Diluted Earnings Per Share	$6.06	$4.535M	$3.22	$2.98	$2.98	$2.67	$1.89	$2.29	$2.30	$2.32	$2.498M	$2.928M	$3.063M	$3.207M	$4.265M	$2.041M	$2.974M	$3.117M	$3.222M	$2.871M	$2.847M	$2.547M	$2.361M	$2.163M	$1.941M	$1.727M	$1.098M	$1.078M	$975.2K	$932.7K	$407.4K	$551.7K	$508.5K	$662.7K	$474.0K	$311.7K	$145.6K	$535.5K	$377.6K	$307.1K	$223.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$27.02M	$28.82M	$49.10M	$51.60M	$51.70M	$34.50M	$35.30M	$36.60M	$38.70M	$37.90M	$37.30M	$38.60M	$36.50M	$36.30M	$38.10M	$27.40M	$28.40M	$30.20M	$33.20M	$35.20M	$35.70M	$37.40M	$39.80M	$42.20M	$44.00M	$46.00M	$48.40M	$64.00M	$26.60M	$29.30M	$25.30M	$27.00M	$17.50M	$16.50M	$18.50M	$20.10M	$23.00M	$24.20M	$26.30M	$27.90M	$26.30M
YoY Change	-6.26%	-41.31%	-4.84%	-0.19%	49.86%	-2.27%	-3.55%	-5.43%	2.11%	1.61%	-3.37%	5.75%	0.55%	-4.72%	39.05%	-3.52%	-5.96%	-9.04%	-5.68%	-1.4%	-4.55%	-6.03%	-5.69%	-4.09%	-4.35%	-4.96%	-24.38%	140.6%	-9.22%	15.81%	-6.3%	54.29%	6.06%	-10.81%	-7.96%	-12.61%	-4.96%	-7.98%	-5.73%	6.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$14.23M	$11.90M	$14.20M	$14.20M	$14.20M	$14.20M	$14.20M	$14.30M	$14.30M	$15.30M	$18.60M
YoY Change	19.54%	-16.19%	0.0%	0.0%	0.0%	0.0%	-0.7%	0.0%	-6.54%	-17.74%
Other Assets	$99.51M	$125.1M		$0.00	$11.10M	$42.30M	$33.10M	$55.40M	$51.70M	$50.90M	$53.30M
YoY Change	-20.48%			-100.0%	-73.76%	27.79%	-40.25%	7.16%	1.57%	-4.5%
Total Long-Term Assets
YoY Change
Total Assets	$6.365B	$6.950B	$7.461B	$6.748B	$5.620B	$5.569B	$5.513B	$5.366B	$5.169B	$5.036B	$4.847B	$4.952B	$5.042B	$4.932B	$4.976B	$4.033B	$4.559B	$4.769B	$5.158B	$4.737B	$4.576B	$4.225B	$3.928B	$4.031B	$3.893B	$3.844B	$3.848B	$3.867B	$2.491B	$2.457B	$2.004B	$1.981B	$1.367B	$1.325B	$1.350B	$1.274B	$1.244B	$1.181B	$1.019B	$919.1M	$890.9M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$18.81M	$15.75M	$18.00M	$18.80M	$17.10M
YoY Change	19.48%	-12.52%	-4.26%	9.94%
Deferred Revenue
YoY Change
Short-Term Debt	$58.16M	$57.79M	$146.2M	$102.5M	$30.90M	$51.20M	$58.50M	$59.10M	$53.00M	$89.80M	$72.70M	$63.70M	$125.7M	$107.4M	$227.2M	$457.3M	$798.6M	$732.0M	$775.2M	$735.4M	$590.6M	$349.7M	$271.9M	$386.9M	$462.3M	$203.7M	$264.8M	$167.4M	$175.6M	$135.4M	$69.10M	$12.00M	$9.600M	$35.10M	$22.00M	$61.00M	$37.40M	$10.50M	$21.00M	$13.90M	$16.20M
YoY Change	0.64%	-60.47%	42.63%	231.72%	-39.65%	-12.48%	-1.02%	11.51%	-40.98%	23.52%	14.13%	-49.32%	17.04%	-52.73%	-50.32%	-42.74%	9.1%	-5.57%	5.41%	24.52%	68.89%	28.61%	-29.72%	-16.31%	126.95%	-23.07%	58.18%	-4.67%	29.69%	95.95%	475.83%	25.0%	-72.65%	59.55%	-63.93%	63.1%	256.19%	-50.0%	51.08%	-14.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$58.16M	$15.75M	$18.00M	$18.80M	$17.10M	$51.20M	$58.50M	$59.10M	$53.00M	$89.80M	$72.70M	$63.70M	$125.7M	$107.4M	$227.2M	$457.3M	$798.6M	$732.0M	$775.2M	$735.4M	$590.6M	$349.7M	$271.9M	$386.9M	$462.3M	$203.7M	$264.8M	$167.4M	$175.6M	$135.4M	$69.10M	$12.00M	$9.600M	$35.10M	$22.00M	$61.00M	$37.40M	$10.50M	$21.00M	$13.90M	$16.20M
YoY Change	269.38%	-12.52%	-4.26%	9.94%	-66.6%	-12.48%	-1.02%	11.51%	-40.98%	23.52%	14.13%	-49.32%	17.04%	-52.73%	-50.32%	-42.74%	9.1%	-5.57%	5.41%	24.52%	68.89%	28.61%	-29.72%	-16.31%	126.95%	-23.07%	58.18%	-4.67%	29.69%	95.95%	475.83%	25.0%	-72.65%	59.55%	-63.93%	63.1%	256.19%	-50.0%	51.08%	-14.2%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$15.00M	$15.00M	$26.40M	$26.50M	$26.60M	$36.80M	$36.90M	$40.30M	$21.40M	$24.60M	$24.60M	$27.80M	$31.00M	$41.50M	$47.50M	$52.50M	$58.90M	$20.00M	$25.50M	$36.40M	$19.30M	$15.90M	$18.20M	$18.70M	$19.10M	$19.50M	$20.20M	$10.70M	$11.00M	$5.300M
YoY Change											-100.0%	0.0%	-43.18%	-0.38%	-0.38%	-27.72%	-0.27%	-8.44%	88.32%	-13.01%	0.0%	-11.51%	-10.32%	-25.3%	-12.63%	-9.52%	-10.87%	194.5%	-21.57%	-29.95%	88.6%	21.38%	-12.64%	-2.67%	-2.09%	-2.05%	-3.47%	88.79%	-2.73%	107.55%
Other Long-Term Liabilities	$59.27M	$65.13M	$53.20M	$68.00M	$27.50M	$34.80M	$36.70M	$40.90M	$43.00M	$50.10M	$47.10M	$55.10M	$66.90M
YoY Change	-8.99%	22.42%	-21.76%	147.27%	-20.98%	-5.18%	-10.27%	-4.88%	-14.17%	6.37%	-14.52%	-17.64%
Total Long-Term Liabilities	$59.27M	$65.13M	$53.20M	$68.00M	$27.50M	$34.80M	$36.70M	$40.90M	$43.00M	$50.10M	$47.10M	$70.10M	$81.90M	$26.40M	$26.50M	$26.60M	$36.80M	$36.90M	$40.30M	$21.40M	$24.60M	$24.60M	$27.80M	$31.00M	$41.50M	$47.50M	$52.50M	$58.90M	$20.00M	$25.50M	$36.40M	$19.30M	$15.90M	$18.20M	$18.70M	$19.10M	$19.50M	$20.20M	$10.70M	$11.00M	$5.300M
YoY Change	-8.99%	22.42%	-21.76%	147.27%	-20.98%	-5.18%	-10.27%	-4.88%	-14.17%	6.37%	-32.81%	-14.41%	210.23%	-0.38%	-0.38%	-27.72%	-0.27%	-8.44%	88.32%	-13.01%	0.0%	-11.51%	-10.32%	-25.3%	-12.63%	-9.52%	-10.87%	194.5%	-21.57%	-29.95%	88.6%	21.38%	-12.64%	-2.67%	-2.09%	-2.05%	-3.47%	88.79%	-2.73%	107.55%
Total Liabilities	$5.592B	$6.348B	$6.634B	$5.903B	$4.888B	$4.953B	$4.923B	$4.805B	$4.637B	$4.509B	$4.304B	$4.392B	$4.484B	$4.386B	$4.470B	$3.623B	$4.164B	$4.345B	$4.723B	$4.379B	$4.236B	$3.883B	$3.614B	$3.694B	$3.593B	$3.476B	$3.441B	$3.488B	$2.267B	$2.253B	$1.852B	$1.838B	$1.270B	$1.246B	$1.280B	$1.210B	$1.184B	$1.120B	$965.9M	$872.7M	$847.3M
YoY Change	-11.92%	-4.31%	12.38%	20.76%	-1.31%	0.61%	2.46%	3.62%	2.83%	4.76%	-2.0%	-2.04%	2.22%	-1.88%	23.38%	-13.0%	-4.16%	-7.99%	7.85%	3.37%	9.08%	7.47%	-2.17%	2.81%	3.36%	1.0%	-1.32%	53.84%	0.63%	21.64%	0.78%	44.66%	1.95%	-2.63%	5.73%	2.26%	5.64%	15.99%	10.68%	3.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	26.70M	26.90M	26.86M	26.94M	26.96M	26.65M	26.29M	25.61M	25.56M	26.10M
Diluted Shares Outstanding	26.71M	26.91M	26.87M	26.96M	27.01M	26.76M	26.42M	25.68M	25.58M	26.16M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.5246 Billion

About Westamerica Bancorp

Westamerica Bancorporation operates as a bank holding company. The company is headquartered in San Rafael California, California and currently employs 641 full-time employees. The firm provides a full range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the Bank). The Bank is a California-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation (the FDIC) up to applicable limits. The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. In addition, the Bank owns Community Banker Services Corporation, a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. The Bank is engaged in the banking business through 77 branch offices in 20 counties in Northern and Central California. The company owns 28 banking office locations and one centralized administrative service center facility and leases 55 facilities.

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