The EPS beat on improved credit quality and disciplined expense management suggests resilience in net interest margin despite yield compression. Monitor upcoming loan growth trends and credit loss provision trends as potential catalysts.
Price Chart
Executive Summary
Westamerica Bancorporation reported Q1 2026 EPS of $1.13, a 5.6% beat versus consensus estimates of $1.07, driven by a $300K reversal of credit loss provision and stable net interest margin. Net income declined 11.9% YoY to $27.36M due to lower net interest income and higher noninterest expenses.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $1.13 beat consensus of $1.07 by 5.6%
- $300K reversal of credit loss provision boosted earnings
- Net interest margin stable at 3.74% FTE despite yield compression
- Noninterest expenses rose 3.1% YoY to $25.9M due to seasonal payroll costs
- 997K shares retired at $50.94 average price under buyback program
Financial Impact
$27.36M net income, 11.9% decline YoY with 3.74% net interest margin
Risk Factors
- 10.3% YoY decline in average loans indicating balance sheet contraction
- 1.6% increase in nonperforming loans to $1.44B
- 19.9% decline in allowance for credit losses on loans
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-002511 |
| Document: f8k_041626.htm | 0001171843-26-002511 |
| Document: 0001171843-26-002511-index-headers.html | 0001171843-26-002511 |
| Document: 0001171843-26-002511-index.html | 0001171843-26-002511 |
| Document: 0001171843-26-002511.txt | 0001171843-26-002511 |
| 8-K Data (Synthetic) | 0001171843-26-002511 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $61.92 | awaiting T+5 | — | $61.85 (−0.12%) |
Oct 22, 2026 5d ago | Press Release | $61.92 | awaiting T+5 | — | $61.85 (−0.12%) |
Oct 15, 2026 12d ago | 8-K | $60.90 $61.92 | ▲ +1.67% | ▲ +2.69% | $61.85 (+1.55%) |
Oct 15, 2026 12d ago | Press Release | $60.90 $61.92 | ▲ +1.67% | ▲ +2.69% | $61.85 (+1.55%) |
Jul 23, 2026 13w ago | 8-K | $60.31 $59.90 | ▼ −0.68% | ▼ −1.16% | $61.85 (+2.55%) |
Jul 23, 2026 13w ago | Press Release | $60.31 $59.90 | ▼ −0.68% | ▼ −1.16% | $61.85 (+2.55%) |
Jul 16, 2026 14w ago | 8-K | $62.46 $60.31 | ▼ −3.44% | ▼ −1.77% | $61.85 (−0.98%) |
Jul 16, 2026 14w ago | Press Release | $62.46 $60.31 | ▼ −3.44% | ▼ −1.77% | $61.85 (−0.98%) |
Apr 24, 2026 26w ago | 8-K | $54.41 $54.25 | ▼ −0.30% | ▼ −0.70% | $61.85 (+13.66%) |
Apr 24, 2026 26w ago | Press Release | $54.54 $54.82 | ▲ +0.51% | ▼ −0.40% | $61.85 (+13.39%) |
US Market Status
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