Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers. The Company accepts various deposit products, as well as invests in securities. Its loan portfolio includes commercial, commercial real estate, real estate construction, residential real estate, and consumer installment loans, as well as other loans primarily comprising indirect automobile loans.

Type
Public
HQ
San Rafael, US
Founded
1884
Size (employees)
783 (est)
Westamerica was founded in 1884 and is headquartered in San Rafael, US
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Westamerica Office Locations

Westamerica has an office in San Rafael and Fairfield
San Rafael, US (HQ)
1108 Fifth Ave
Fairfield, US
4550 Mangels Blvd
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Westamerica Financials and Metrics

Westamerica Financials

Westamerica's revenue was reported to be $134.05 m in FY, 2016 which is a 1.8% decrease from the previous period.
USD

Net income (Q2, 2017)

15.8 m

Market capitalization (5-Feb-2018)

1.6 b

Cash (4-Feb-2018)

529.4 m
Westamerica's current market capitalization is $1.6 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cost of goods sold

617 k585 k552 m541 m523 m480 k476 k

Operating expense total

26.9 m26.2 m25.9 b25.2 b26.1 b24.6 m24.4 m

EBIT

33.8 m33.7 m32.9 b

Pre tax profit

19.2 m19.5 m19 b19.7 b21.7 b19.9 m22.3 m
Annual
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
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

289.6 m268.6 m471.2 m441.8 m471.4 m546.8 m529.4 m

Inventories

1.6 b1.6 b1.5 b1.4 b1.4 b1.4 b1.3 b

PP&E

37.9 m39.2 m38 m37.8 m37.1 m36 m35.6 m

Goodwill

121.7 m121.7 m121.7 m121.7 m121.7 m121.7 m121.7 m
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

51.1 m15.3 m30.5 m45.6 m14.6 m29.3 m44.2 m14.2 m28.8 m44.4 m15 m30.8 m

Depreciation and Amortization

13.3 m4.1 m7.2 m12.3 m3.9 m8 m12.4 m4.1 m8.6 m14.2 m12.1 m

Cash From Operating Activities

77.1 m33.7 m45.5 m58.3 m17.3 m34.5 m57.7 m18.2 m35.8 m59.2 m25.3 m40.4 m

Cash From Investing Activities

10.6 m(107.3 m)(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 m34.7 m
USDY, 2017

Financial Leverage

9.1 x
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Westamerica Operating Metrics

Westamerica's Total Loans was reported to be $1.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

92 88 85

Locations

21 21 21

Total Loans

$1.70 b$1.65 b$1.60 b$1.54 b$1.53 b$1.44 b$1.40 b$1.34 b$1.35 b$1.33 b$1.29 b
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