secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001171843-23-000330
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westamerica Q4 net income $39.3M ($1.46 EPS) vs Q3 $34.8M ($1.29)
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- Net interest income (FTE) rose to $69.2M in Q4 from $60.8M in Q3; loan/bond/cash yield 3.98% vs 3.47%.
- Funding cost remained 0.03%; non-interest bearing deposits were 47% of average deposits.
- Nonperforming assets only $774K at Dec 31, 2022; quarterly dividend $0.42 per share.
- Annualized return on average common equity 18.6%; noninterest income $10.5M excluding a life insurance gain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184323000330/0001171843-23-000330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184323000330/f8k_011923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000330

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