Westamerica Bancorporation Reports First Quarter 2018 Financial Results
Westamerica Bancorporation (WABC)
US:NASDAQ Investor Relations:
westamerica.com/index.php/shareholders
Company Research
Source: GlobeNewswire
SAN RAFAEL, Calif., April 19, 2018 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq:WABC), parent company of Westamerica Bank, generated net income for the first quarter 2018 of $17.5 million and diluted earnings per common share ("EPS") of $0.66, compared to first quarter 2017 net income of $15.0 million and EPS of $0.57. Fourth quarter 2017 net income of $4.2 million and EPS of $0.16 include adjustments to asset values triggered by enactment of the Tax Cuts and Jobs Act of 2017 (“Act”), recognition of a loss contingency, and securities gains which collectively reduced EPS by $0.42. "First quarter 2018 net income benefited from higher interest income as rising market interest rates are benefiting our asset yields. Our funding costs were unchanged, however, at 0.04 percent of earning assets due to the predominance of low-cost checking and savings accounts in our deposit base. Net interest income was $34.0 million for the first quarter 2018, compared to $33.7 million for the f
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WABC
News
- Westamerica Bank Announces New Board Member [MarketWatch]MarketWatch
- Westamerica Bancorporation (NASDAQ: WABC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Westamerica Bank Announces New Board Member [Yahoo! Finance]Yahoo! Finance
- Westamerica Bank Announces New Board MemberGlobeNewswire
- Westamerica Bancorporation (NASDAQ: WABC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
WABC
Earnings
- 1/18/24 - Miss
WABC
Sec Filings
- 3/27/24 - Form 4
- 3/15/24 - Form 3
- 3/15/24 - Form ARS
- WABC's page on the SEC website