Westamerica

Westamerica Bancorporation is the holding company for Westamerica Bank, a regional community bank providing consumer and commercial financing for more than 80 branches throughout Northern and Central California. First chartered in 1884, we've grown into one of the most stable community banks in the nation, and the seventh largest bank headquartered in California.

Westamerica Bancorporation maintains exceptional asset quality, and our capital ratios exceed regulatory standards for "well-capitalized" companies. Our outstanding loan quality, loan loss reserve, earnings, and capital ratios place us among the top-performing financial institutions in the nation for financial health and safety. Westamerica receives continued recognition by analysts as a very healthy community banking company. Independent bank rating agencies, including Findley Reports and Veribanc, consistently reaffirm their positive ratings. In fact, Veribanc has awarded us their "Blue Ribbon" in recognition of our safety, soundness and financial strength. Our senior management team has been a steady force, attesting to our clear, consistent direction and long-term stability. Our stock is traded on the NASDAQ stock market under the symbol WABC.

Company Growth (employees)
Type
Public
HQ
Fairfield, US
Founded
1972
Size (employees)
783 (est)
Westamerica was founded in 1972 and is headquartered in Fairfield, US

Westamerica Office Locations

Westamerica has an office in Fairfield
Fairfield, US (HQ)
4550 Mangels Blvd

Westamerica Data and Metrics

Westamerica Financial Metrics

Westamerica's revenue was reported to be $134.1 m in FY, 2016
USD

Net income (Q1, 2017)

15 m

Market capitalization (17-Aug-2017)

1.3 b

Cash (31-Mar-2017)

546.8 m
Westamerica's current market capitalization is $1.3 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

154.4 m140.2 m136.5 m134.1 m

Revenue growth, %

(9%)(3%)(2%)

Cost of goods sold

2.1 m

Gross profit

131.9 m

Gross profit Margin, %

98%

Operating expense total

101.8 m

EBIT

86.1 m79 m76.7 m131.9 m

EBIT margin, %

56%56%56%98%

Pre tax profit

80 m

Income tax expense

21.1 m

Net Income

67.2 m60.6 m58.8 m58.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cost of goods sold

617 k585 k552 m541 m523 m480 k

EBIT

33.8 m33.7 m32.9 b

Pre tax profit

19.2 m19.5 m19 b19.7 b21.7 b19.9 m

Net Income

30.5 m45.6 m14.6 m29.3 m44.2 m14.2 m28.8 m44.4 m15 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

472 m380.8 m433 m462.3 m

Accounts Receivable

20.8 k

Inventories

1.4 b

PP&E

37.3 m37.9 m38.7 m36.6 m

Goodwill

121.7 m121.7 m121.7 m121.7 m

Total Assets

4.8 b5 b5.2 b5.4 b

Accounts Payable

4.7 b

Total Liabilities

4.8 b

Retained Earnings

157 m140.5 m150.1 m165.3 m

Total Equity

532.2 m561.4 m

Financial Leverage

9.7 x9.6 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

289.6 m268.6 m471.2 m441.8 m471.4 m546.8 m

Inventories

1.6 b1.6 b1.5 b1.4 b1.4 b1.4 b

PP&E

37.9 m39.2 m38 m37.8 m37.1 m36 m

Goodwill

121.7 m121.7 m121.7 m121.7 m121.7 m121.7 m

Total Assets

5 b5 b5.2 b5.2 b5.3 b5.4 b

Accounts Payable

4.4 b4.4 b4.5 b4.5 b4.6 b4.7 b

Retained Earnings

141.3 m145.5 m150.9 m155.2 m160.9 m170.1 m

Total Equity

525.3 m533.9 m539 m558.3 m563 m584.9 m

Financial Leverage

9.6 x9.4 x9.6 x9.3 x9.4 x9.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

67.2 m60.6 m58.8 m58.9 m

Cash From Operating Activities

85.3 m82.3 m70.4 m77.6 m

Cash From Investing Activities

50.9 m(295.3 m)(102.3 m)(197.3 m)

Cash From Financing Activities

(155.6 m)121.8 m84.1 m148.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

30.5 m45.6 m14.6 m29.3 m44.2 m14.2 m28.8 m44.4 m15 m

Depreciation and Amortization

7.2 m12.3 m3.9 m8 m12.4 m4.1 m8.6 m14.2 m

Cash From Operating Activities

45.5 m58.3 m17.3 m34.5 m57.7 m18.2 m35.8 m59.2 m25.3 m

Cash From Investing Activities

(43.8 m)(105.1 m)(136.3 m)(73.6 m)(94.4 m)58.2 m28.8 m(104.5 m)44.1 m

Short-term Borrowings

14.5 m

Cash From Financing Activities

11.2 m99.2 m(14.4 m)(52.1 m)(75.5 m)(38.3 m)(55.9 m)83.6 m15.1 m
Y, 2017

Financial Leverage

9.2 x

Westamerica Market Value History

Traffic Overview of Westamerica

Westamerica Online and Social Media Presence

Westamerica Company Life and Culture

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