secwatch.observer — SEC 8-K summary
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Issuer:     WESTAMERICA BANCORPORATION (WABC)
CIK:        0000311094
Form:       8-K
Filed at:   2026-07-16T17:47:12+00:00
Accession:  0001171843-26-004727
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westamerica Q2 net income $27.4M, EPS $1.17; net interest income flat, share repurchases continue
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- Q2 net income $27.4M, diluted EPS $1.17 vs Q1 $27.4M and $1.13; annualized ROACE 11.3%.
- Net interest income (FTE) $52.7M, unchanged from Q1; yield on earning assets 4.01% vs 3.98% Q1; cost of funds 0.24%.
- No provision for credit losses in Q2; allowance for credit losses on loans $10.8M (down from $11.2M); nonperforming assets $808K.
- Noninterest income $10.3M (up from $9.6M) driven by merchant processing, debit card fees, unrealized gains; noninterest expense $26.0M (up from $25.9M).
- Paid $0.48 dividend per share in Q2; retired 753K shares via repurchase plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/311094/000117184326004727/0001171843-26-004727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/311094/000117184326004727/f8k_071626.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-004727

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