---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-004008"
form_type: "8-K"
ticker: "WABC"
cik: "0000311094"
company_name: "WESTAMERICA BANCORPORATION"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:55:33.991458+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Westamerica Q2 EPS $1.33, net income $35.5M; funding cost rises to 0.35%

## Summary
- Net income $35.5M vs $36.4M in Q1; diluted EPS $1.33 vs $1.37.
- Net interest income (FTE) $64.1M, down from $66.1M in Q1.
- Funding cost annualized 0.35% (Q1: 0.20%); loan yield unchanged at 4.50%.
- No provision for credit losses; net loan recoveries $73K; NPLs $1.6M.
- Dividend of $0.44 per share paid in Q2; efficiency ratio 35%.

## SEC filing metadata
- accession: 0001171843-24-004008
- form_type: 8-K
- ticker: WABC
- cik: 0000311094
- company_name: WESTAMERICA BANCORPORATION
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/311094/000117184324004008/0001171843-24-004008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/311094/000117184324004008/f8k_071824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-004008
- JSON: https://secwatch.observer/filing/0001171843-24-004008.json
- Plain text: https://secwatch.observer/filing/0001171843-24-004008.txt

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