earnings
confidence high
sentiment neutral
materiality 0.55
Westamerica Q1 net income $31.0M, EPS $1.16; stable credit quality
WESTAMERICA BANCORPORATION
2025-Q1 EPS reported
$1.16
- Net income $31.0M, diluted EPS $1.16 vs Q4 2024 net income $31.7M, EPS $1.19.
- Reversal of provision for credit losses of $550K added $0.01 to EPS.
- Net interest income (FTE) $56.4M; yield on earning assets 4.14%, funding cost 0.24%.
- Non-interest income $10.3M, non-interest expense $25.1M; expense ratio 38% of revenues.
- Paid $0.44 per common share dividend in Q1 2025; nonperforming assets only $277K.