Westamerica Bancorporation (WABC) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $27.8 million, with diluted EPS of $1.12, including a $0.02 EPS reduction from a tax provision adjustment.

• Annualized return on average common equity was 10.8% for Q4 2025.

• Operating expenses were 40% of total revenues, and nonperforming assets remained stable at $1.8 million.

• A $0.46 per share dividend was paid, and 485,000 shares were repurchased in Q4 2025.

Financial highlights

• Net interest income (FTE) for Q4 2025 was $53.5 million, down 9.6% year-over-year and flat sequentially.

• Noninterest income for Q4 2025 was $10.0 million, down 5.9% year-over-year.

• Noninterest expense for Q4 2025 was $25.5 million, down 1.5% year-over-year.

• Net income for Q4 2025 decreased 12.3% year-over-year and 1.6% sequentially.

• Diluted EPS for Q4 2025 was $1.12, down 5.9% year-over-year.

Outlook and guidance

• Management highlighted the benefit of a low-cost deposit base and strong capital ratios exceeding regulatory guidelines.

• Forward-looking statements caution about risks and uncertainties, including credit, interest rate, operational, and market risks.