---
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"
generated_at: "2026-06-06T22:10:05.151393+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Westamerica Q4 net income $39.5M ($1.48 EPS), down from Q3; low-cost deposits support margins

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000294
- JSON: https://secwatch.observer/filing/0001171843-24-000294.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000294.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: Fourth quarter 2023 results compare to third quarter 2023 net income of $41.6 million and EPS of $1.56.
  evidence_url: https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/0001171843-24-000294-index.htm
- Earnings Releases
  WESTAMERICA BANCORPORATION reported fourth quarter 2023 results: net income $39.5 million, EPS $1.48.
  - Period: fourth quarter 2023
  - Net income: $39.5 million
  - EPS: $1.48
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/311094/000117184324000294/0001171843-24-000294-index.htm

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