WESTAMERICA BANCORPORATION — Form 8-K
Filed July 16, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Westamerica Bancorporation reported Q2 2026 net income of $27.4 million and diluted EPS of $1.17, flat sequentially but down 5.8% year-over-year versus $29.1M/$1.12 in Q2 2025. Net interest income (FTE) held flat at $52.7M QoQ but declined 3.5% YoY. The company retired 753k shares at average price of $55.14 and paid $0.48/share dividend. Nonperforming loans fell sharply to $808k (0.12% of loans) from $4.9M a year prior. Net interest margin compressed 8 bps YoY to 3.77%.
Why this rating
Flat earnings and declining profitability YoY signals margin compression in low-rate environment. No material M&A, no crisis, routine quarterly results within normal range for regional bank.
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