Westamerica Bancorporation Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Westamerica Bancorporation (WABC)
US:NASDAQ Investor Relations:
westamerica.com/index.php/shareholders
Company Research
Source: Yahoo! Finance
income for the first quarter 2024 of $36.4 million and diluted earnings per common share ("EPS") of $1.37. First quarter 2024 results compare to fourth quarter 2023 net income of $39.5 million and EPS of $1.48. "Westamerica's first quarter 2024 results benefited from the Company's valuable low-cost deposit base, of which 47 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.20 percent for the first quarter 2024. First quarter 2024 operating expenses remained well controlled at 34 percent of total revenues on a fully-taxable equivalent basis. Our consistent application of conservative loan underwriting practices resulted in relatively stable nonperforming assets totaling $1.5 million,” said Chairman, President and CEO David Payne. “First quarter 2024 results generated an annualized 15.2 percent return on average common equity. Shareholders were paid a $0.44 per common share dividend d
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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 ResultsGlobeNewswire
WABC
Earnings
- 4/18/24 - Miss
WABC
Analyst Actions
- 4/22/24 - Keefe, Bruyette & Woods
WABC
Sec Filings
- 5/1/24 - Form 4
- 4/29/24 - Form 144
- 4/29/24 - Form 8-K
- WABC's page on the SEC website