---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004572"
form_type: "8-K"
ticker: "WABC"
cik: "0000311094"
company_name: "WESTAMERICA BANCORPORATION"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:52:44.041094+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Westamerica posts record Q2 net income of $40.2M; EPS $1.51, ROE 18.4%

## Summary
- Net income $40.2M ($1.51 diluted EPS); highest Q2 net income in company history.
- Net interest income (FTE) $70.3M (+1% QoQ); earning asset yield 4.38% vs 4.21% Q1.
- Funding cost 0.04% annualized; no Federal Reserve or correspondent bank borrowings.
- Nonperforming assets $853K; noninterest expense $25.8M, down from $26.2M Q1.
- Quarterly dividend $0.42/share; annualized ROE 18.4%.

## SEC filing metadata
- accession: 0001171843-23-004572
- form_type: 8-K
- ticker: WABC
- cik: 0000311094
- company_name: WESTAMERICA BANCORPORATION
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/311094/000117184323004572/0001171843-23-004572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/311094/000117184323004572/f8k_072023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004572
- JSON: https://secwatch.observer/filing/0001171843-23-004572.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004572.txt

## Key facts
- Earnings Releases
  WESTAMERICA BANCORPORATION reported second quarter 2023 results: net income $40.2 million, EPS $1.51.
  - Period: second quarter 2023
  - Net income: $40.2 million
  - EPS: $1.51
  - Result: reported results
  source text: Westamerica Bancorporation Reports Second Quarter 2023 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/311094/000117184323004572/0001171843-23-004572-index.htm

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