secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001171843-25-002298
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westamerica Q1 net income $31.0M, EPS $1.16; stable credit quality
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184325002298/0001171843-25-002298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184325002298/f8k_041725.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-002298

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