Westamerica Bancorporation Reports Third Quarter 2018 Financial Results
Westamerica Bancorporation (WABC)
US:NASDAQ Investor Relations:
westamerica.com/index.php/shareholders
Company Research
Source: GlobeNewswire
SAN RAFAEL, Calif., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the third quarter 2018 of $17.0 million and diluted earnings per common share ("EPS") of $0.63; third quarter 2018 results include a $585 thousand tax-exempt life insurance policy gain and a $3.5 million contingency settlement, which on an aggregate basis reduced EPS $0.07. Third quarter 2018 results compare to second quarter 2018 net income of $18.0 million and EPS of $0.67, and third quarter 2017 net income of $15.0 million and EPS of $0.57. "Third quarter 2018 net interest income demonstrated continuing improvement as rising market interest rates benefit the yields on our interest earning assets. Our annualized funding costs were unchanged at 0.04 percent of interest-earning assets due to the predominance of low-cost checking and savings accounts in our deposit portfolio. The net interest margin on a fully-taxable equivalen
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WABC
News
- Westamerica Bancorporation Declares Quarterly Cash DividendGlobeNewswire
- Westamerica Bancorporation (NASDAQ: WABC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $57.00 price target on the stock, down previously from $58.00.MarketBeat
- Westamerica Bancorporation: Market's Overreaction Creates Opportunity [Seeking Alpha]Seeking Alpha
- Westamerica Bancorporation (NASDAQ: WABC) had its price target lowered by analysts at Piper Sandler from $51.00 to $50.00. They now have a "neutral" rating on the stock.MarketBeat
- Westamerica Bancorporation Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
WABC
Earnings
- 4/18/24 - Miss
WABC
Analyst Actions
- 4/22/24 - Keefe, Bruyette & Woods
WABC
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- WABC's page on the SEC website