secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001171843-22-006664
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westamerica Q3 net income $34.8M, EPS $1.29, up 37% from Q2
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- Diluted EPS $1.29 vs $0.94 in Q2 2022, including $0.03 life insurance gain.
- Net interest income (FTE) $60.8M, up from $48.0M; loan/bond yield rose to 3.47% from 2.77%.
- Funding cost remained 0.03%; non-interest bearing deposits 47% of average deposits.
- Noninterest income $11.8M (incl. $923K life insurance gain), noninterest expense $24.8M.
- Annualized ROAE 17.1%; paid $0.42 per common share dividend in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184322006664/0001171843-22-006664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184322006664/f8k_102022.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-006664

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer