WESTAMERICA BANCORPORATION — Form 8-K
Filed October 15, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Westamerica Bancorporation reported Q3 2026 net income of $28.2M (EPS $1.22), essentially flat versus Q3 2025 ($28.3M, $1.12 EPS). Net interest margin expanded 1 bps to 3.81%; cost of funds rose 2 bps to 0.26%. No provision for credit losses taken; nonperforming assets extremely low at $476K. Company retired 51K shares at avg. price $57.92; paid $0.48/share dividend. YTD net income down 6.2% to $82.9M despite NIM improvement, reflecting headwinds in net interest income (-3.6% YTD) and deposit competition.
Why this rating
Routine quarterly earnings report. Flat earnings YoY, modest NIM expansion offset by shrinking loan portfolio (-11% YoY avg.). Tiny absolute dollar moves relative to $1.2B market cap; strong credit profile and capital ratios unremarkable for this company.
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