---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006310"
form_type: "8-K"
ticker: "WABC"
cik: "0000311094"
company_name: "WESTAMERICA BANCORPORATION"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:14:16.392098+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Westamerica reports record Q3 2023 EPS of $1.56, net income $41.6M

## Summary
- Net income $41.6M ($1.56 diluted EPS), up from Q2 2023 $40.2M ($1.51); ROE 18.3% annualized.
- Net interest income (FTE) $72.1M, up from $70.3M QoQ; cost of funding 0.07%, low-cost deposit base with 48% non-interest checking.
- Nonperforming assets stable at $1.2M; provision for credit losses $400K; allowance $17.7M at Sep 30.
- Dividend paid $0.44 per share in Q3; no borrowings from Fed or correspondents; variable-rate assets $1.5B in CLOs.
- Noninterest income $11.3M (incl. $278K life insurance gain); noninterest expenses $25.7M, well controlled.

## SEC filing metadata
- accession: 0001171843-23-006310
- form_type: 8-K
- ticker: WABC
- cik: 0000311094
- company_name: WESTAMERICA BANCORPORATION
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/311094/000117184323006310/0001171843-23-006310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/311094/000117184323006310/f8k_101923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006310
- JSON: https://secwatch.observer/filing/0001171843-23-006310.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006310.txt

## Key facts
- Earnings Releases
  WESTAMERICA BANCORPORATION reported third quarter 2023 results: net income $41.6 million, EPS $1.56.
  - Period: third quarter 2023
  - Net income: $41.6 million
  - EPS: $1.56
  - Result: reported results
  source text: Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the third quarter 2023 of $41.6 million and diluted earnings per common share (“EPS”) of $1.56
  evidence_url: https://www.sec.gov/Archives/edgar/data/311094/000117184323006310/0001171843-23-006310-index.htm

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