{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-002083","form_type":"8-K","ticker":"WABC","cik":"0000311094","company_name":"WESTAMERICA BANCORPORATION","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.512565+00:00","generated_at":"2026-06-03T19:45:47.598575+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Westamerica Bancorp Q1 2024 net income $36.4M, EPS $1.37, down from Q4","bullets":["Net income $36.4M, diluted EPS $1.37; sequential decline from Q4 2023 net income $39.5M ($1.48 EPS).","Net interest income (FTE) $66.1M vs $69.7M in Q4; annualized yield on earning assets 4.50% vs 4.52%.","Noninterest income $10.1M, down $0.9M QoQ due to lower debit card fees ($524K) and merchant processing ($356K).","Noninterest expenses $26.1M vs $25.5M; salaries up $430K on seasonal payroll taxes and merit increases.","Funding cost rose to 0.20% from 0.11%; 47% of deposits are non-interest bearing checking accounts."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-002083","json":"https://secwatch.observer/filing/0001171843-24-002083.json","markdown":"https://secwatch.observer/filing/0001171843-24-002083.md","text":"https://secwatch.observer/filing/0001171843-24-002083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/311094/000117184324002083/0001171843-24-002083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/311094/000117184324002083/f8k_041824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:45:47.598575+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":"91f77093436641c794644f3d3c9cf448bbff7756","claim":"WESTAMERICA BANCORPORATION reported first quarter 2024 results: net income $36.4 million, EPS $1.37.","evidence_excerpt":"Westamerica Bancorporation Reports First Quarter 2024 Financial Results SAN RAFAEL, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2024 of $36.4 million and diluted earnings per common share (\"EPS\") of $1.37.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/311094/000117184324002083/0001171843-24-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$36.4 million"},{"label":"EPS","value":"$1.37"},{"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"}