---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002426"
form_type: "8-K"
ticker: "WABC"
cik: "0000311094"
company_name: "WESTAMERICA BANCORPORATION"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:51:00.308917+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Westamerica Bancorp Q1 2023 net income $40.5M, EPS $1.51, up from Q4

## Summary
- Net income $40.5M, diluted EPS $1.51 vs Q4 2022 $39.3M and $1.46.
- Provision for credit losses reversal of $1.6M (increased EPS $0.04) from $2.2M commercial loan recovery.
- Net interest income (FTE) $69.6M, up from $69.2M; funding cost unchanged at 0.03%.
- Nonperforming assets $785K at March 31, 2023; annualized ROE 19.1%.
- Quarterly dividend $0.42 per common share paid in Q1 2023.

## SEC filing metadata
- accession: 0001171843-23-002426
- form_type: 8-K
- ticker: WABC
- cik: 0000311094
- company_name: WESTAMERICA BANCORPORATION
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/311094/000117184323002426/0001171843-23-002426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/311094/000117184323002426/f8k_042023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002426
- JSON: https://secwatch.observer/filing/0001171843-23-002426.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002426.txt

## Key facts
- Earnings Releases
  WESTAMERICA BANCORPORATION reported first quarter 2023 results: net income $40.5 million, EPS $1.51.
  - Period: first quarter 2023
  - Net income: $40.5 million
  - EPS: $1.51
  - Result: reported results
  source text: Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2023 of $40.5 million and diluted earnings per common share ("EPS") of $1.51.
  evidence_url: https://www.sec.gov/Archives/edgar/data/311094/000117184323002426/0001171843-23-002426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.