Earnings ·
Westamerica Bancorporation reported second quarter 2026 net income of $27.4 million and diluted EPS of $1.17, compared…
WABCWestamerica Bancorporation
Westamerica Bancorporation reported second quarter 2026 net income of $27.4 million and diluted EPS of $1.17, compared to $27.4 million and $1.13 in the first quarter. The company achieved an annualized return on average common equity of 11.3% and maintained a cost of funding at 0.24%. Nonperforming assets were $808 thousand as of June 30, 2026. During the quarter, the company paid a $0.48 per common share dividend and retired 753 thousand common shares via its repurchase plan. Net interest income on a fully-taxable equivalent basis was $52.7 million. The company operates as a bank holding company providing commercial banking and trust services in Northern and Central California.