secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001171843-23-004572
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184323004572/0001171843-23-004572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184323004572/f8k_072023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004572

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