secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001171843-25-000282
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westamerica Q4 net income $31.7M ($1.19 EPS), down from Q3's $35.1M
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- Net interest income (FTE) $59.2M vs $62.5M in Q3; yield on earning assets fell to 4.25% from 4.45%.
- Noninterest income $10.6M (Q3: $11.9M, which included $1.6M one-time gains).
- Nonperforming assets stable at $0.7M; allowance for credit losses $14.8M; no provision.
- Operating expenses well controlled at 37% of total revenues; Q4 dividend $0.44 per share.
- Cost of funding loan and bond portfolios annualized at 0.24% (Q3: 0.37%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184325000282/0001171843-25-000282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184325000282/f8k_011625.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000282

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