{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-000294","form_type":"8-K","ticker":"WABC","cik":"0000311094","company_name":"WESTAMERICA BANCORPORATION","filed_at":"2024-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.534992+00:00","generated_at":"2026-06-06T22:10:05.151393+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Westamerica Q4 net income $39.5M ($1.48 EPS), down from Q3; low-cost deposits support margins","bullets":["Net income $39.5M, diluted EPS $1.48 vs Q3 net income $41.6M, EPS $1.56; includes $0.02 tax-adjustment hit.","Net interest income (FTE) $69.7M, down from $72.1M in Q3; yield on earning assets 4.52%, cost of funds 0.11%.","Non-interest income $11.0M (Q3: $11.3M); non-interest expenses $25.5M (Q3: $25.7M); expenses well controlled.","Annualized return on average common equity 16.7%; quarterly dividend $0.44 per share paid in Q4.","48% of deposits are non-interest bearing; no brokered deposits or Fed borrowings during quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-000294","json":"https://secwatch.observer/filing/0001171843-24-000294.json","markdown":"https://secwatch.observer/filing/0001171843-24-000294.md","text":"https://secwatch.observer/filing/0001171843-24-000294.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/0001171843-24-000294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/f8k_011824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:10:05.151393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf2b701bba5440724157a948797c6c841a0643b4","claim":"WESTAMERICA BANCORPORATION reported third quarter 2023 results: net income $41.6 million, EPS $1.56.","evidence_excerpt":"Fourth quarter 2023 results compare to third quarter 2023 net income of $41.6 million and EPS of $1.56.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/0001171843-24-000294-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2023"},{"label":"Net income","value":"$41.6 million"},{"label":"EPS","value":"$1.56"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e9637d389db3e8267594a7f5ca372f30454e2abb","claim":"WESTAMERICA BANCORPORATION reported fourth quarter 2023 results: net income $39.5 million, EPS $1.48.","evidence_excerpt":"Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2023 of $39.5 million and diluted earnings per common share (\"EPS\") of $1.48.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/0001171843-24-000294-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$39.5 million"},{"label":"EPS","value":"$1.48"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}