secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001171843-23-002426
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184323002426/0001171843-23-002426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184323002426/f8k_042023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002426

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