secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001171843-24-004008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184324004008/0001171843-24-004008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184324004008/f8k_071824.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer