NASDAQ$WABC

Westamerica Bancorporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Generated net income and diluted earnings per common share for the fourth quarter 2019.

Westamerica Bancorporation reported a net income of $20.7 million and EPS of $0.77 for Q4 2019, compared to a net income of $19.1 million and EPS of $0.71 for Q4 2018. The annualized net interest margin was 3.08 percent, and operating expense represented 46 percent of revenues.

  • Net income for the fourth quarter 2019 was $20.7 million, with diluted EPS at $0.77.
  • Annualized net interest margin was 3.08 percent during the fourth quarter 2019.
  • Operating expense represented 46 percent of revenues for the fourth quarter 2019.
  • Asset quality remained healthy with nonperforming assets totaling $4.9 million at December 31, 2019.

Headline financials

Total Revenue

$52.2M

Previous: $52.2M+0.1%
EPS (adj)

$0.77

Previous: $0.71+8.5%
Net Interest Margin

3.1%

Previous: 3.1%+0.7%
Cost of Funds

0.0%

No prior period
Return on Equity

11.8%

No prior period
Capital Expenditures

$1.5M

Previous: $293K+411.6%
Free Cash Flow

$14.5M

Previous: $15.9M-8.6%
Net Income

$20.7M

Previous: $19.1M+8.6%
Cash & Equivalents

$373M

Previous: $420M-11.2%
Total Assets

$5.62B

Previous: $5.57B+0.9%

Revenue & EPS history

Westamerica · Revenue · Quarterly

$52.2M

Q4 2019+0.1%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Westamerica · $60.8M total across 1 segment · Q3 2022

  • Net Interest Income
    $60.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.5%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+5.9%

Q3 2011

Best reaction

-5.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%+0.3%+0.9%
Q4 2025+4.9%+2.8%+7.6%
Q3 2025-1.4%+1.8%+3.2%
Q2 2025-1.0%-2.5%-3.1%
Q1 2025-0.2%+3.9%+10.1%
Q4 2024+1.0%+0.8%-3.8%
Q3 2024+1.3%+1.2%+11.6%
Q2 2024-4.7%-5.4%-12.4%
Q1 2024+2.8%+5.0%+10.7%
Q4 2023-5.8%-6.4%-11.6%
Q3 2023+1.7%+1.3%+11.8%
Q2 2023+2.1%+6.6%+1.2%
Q1 2023-0.6%-4.0%-7.1%
Q4 2022-0.5%-1.4%+0.2%
Q3 2022+5.9%+13.3%+13.8%
Q2 2022+5.2%+6.4%+7.1%
Q1 2022+3.0%-0.8%-3.1%
Q4 2021-0.7%+0.9%+1.7%
Q3 2021+2.9%+1.0%+1.4%
Q2 2021+2.1%+0.1%+5.2%
Q1 2021+1.3%-1.5%+0.3%
Q4 2020+3.0%-1.3%+0.4%
Q3 2020+1.4%-1.0%+4.6%
Q2 2020+2.1%+5.0%+10.7%
Q1 2020+3.5%+4.5%-7.3%
Q4 2019+2.5%+0.2%+0.2%
Q3 2019+3.4%+5.8%+5.2%
Q2 2019+1.8%+3.3%+2.8%
Q1 2019-1.5%-0.3%-2.9%
Q4 2018+4.7%+2.1%+2.8%
Q3 2018-3.6%-4.9%+6.4%
Q2 2018+0.4%+1.4%+6.9%
Q1 2018+0.1%+1.1%+0.3%
Q4 2017+4.6%+4.5%+0.0%
Q3 2017+1.6%+0.1%-1.9%
Q2 2017+0.4%+3.8%-7.4%
Q1 2017+4.1%+3.4%-5.0%
Q4 2016-0.3%-2.5%-0.4%
Q3 2016+1.9%+1.2%+23.2%
Q2 2016-2.9%-5.1%-2.5%
Q1 2016-0.6%
Q4 2015+0.0%
Q3 2015-2.3%
Q2 2015-0.8%
Q1 2015+2.3%
Q4 2014-1.5%
Q3 2014-0.5%
Q2 2014-2.7%
Q1 2014-0.3%
Q4 2013-2.5%
Q3 2013+1.6%
Q2 2013-1.3%
Q1 2013-1.6%
Q4 2012-2.8%
Q3 2012+0.7%
Q2 2012-2.3%
Q1 2012+0.7%
Q4 2008-1.4%
Q4 2011-1.4%
Q4 2010-1.4%
Q4 2009-1.4%
Q3 2011+5.9%
Q2 2011-0.5%
Q1 2011-0.5%
Q1 2010-0.8%
Q3 2009+0.2%
Q3 2010+0.2%
Q2 2010+0.6%
Q2 2009+0.6%

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