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Last $43.67 USD
Change Today +0.08 / 0.18%
Volume 190.9K
WABC On Other Exchanges
Symbol
Exchange
Munich
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

westamerica bancorporation (WABC) Snapshot

Open
$44.07
Previous Close
$43.59
Day High
$44.07
Day Low
$43.20
52 Week High
07/13/15 - $52.40
52 Week Low
01/30/15 - $40.57
Market Cap
1.1B
Average Volume 10 Days
177.2K
EPS TTM
$2.31
Shares Outstanding
25.6M
EX-Date
07/30/15
P/E TM
18.9x
Dividend
$1.52
Dividend Yield
3.48%
Current Stock Chart for WESTAMERICA BANCORPORATION (WABC)

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westamerica bancorporation (WABC) Details

Westamerica Bancorporation operates as the bank holding company for Westamerica Bank that provides various banking products and services to individual and corporate customers. It accepts various deposit products, such as retail savings and checking accounts; interest and non-interest bearing demand deposits; money market checking deposits; and certificates of deposit. The company’s loan portfolio includes commercial loans, commercial and residential real estate loans, construction loans, and consumer installment and other loans. It operates through a network of 92 branch offices in 21 counties in northern and central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.

858 Employees
Last Reported Date: 03/2/15
Founded in 1972

westamerica bancorporation (WABC) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $371.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $149.0K
Senior Vice President of Operations and Syste...
Total Annual Compensation: $130.0K
Senior Vice President, Banking Division Manag...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

westamerica bancorporation (WABC) Key Developments

Westamerica Bancorporation Declares Quarterly Dividend Payable on August 14, 2015

The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.38 per share on common stock outstanding to shareholders of record at the close of business August 3, 2015. The dividend is payable August 14, 2015.

Westamerica Bancorp. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Westamerica Bancorporation announced unaudited earnings results for the second quarter and six months ended June 30, 2015. The company generated net income for the second quarter 2015 of $14.8 million and diluted and basic earnings per common share ("EPS") of $0.58 compared to net income of $15.1 million or EPS of $0.58 for the same period a year ago, and increased from net income of $14.6 million and EPS of $0.57 for the prior quarter. Net interest income on a fully taxable equivalent ("FTE") basis was $37.4 million for the second quarter 2015 compared to $38.6 million for the same period a year ago, and increased from $36.9 million for the prior quarter, due to an increase in average interest earning assets and an additional calendar day of interest accruals, offset in part by a 0.06% decline in the net interest margin. Net interest income was lower in the second quarter 2015 compared to the second quarter 2014 due to a decline in the net interest margin, offset in part by an increase in interest earning assets; the decline in the net interest margin is due to re-investment of cash payments from loans and securities at prevailing low interest rates. Income before taxes was $22.8 million compared to $23.8 million for the same period a year ago. Return on assets was 1.17% compared with 1.24% a year ago. Return on common equity was 11.5% compared with 11.6% a year ago. The company generated net income for the six months 2015 of $29.3 million and diluted earnings per common share ("EPS") of $1.15 compared to net income of $30.5 million or EPS of $1.15 for the same period a year ago. Net interest income on a fully taxable equivalent ("FTE") basis was $74.3 million in six months compared to $77.4 million for the same period a year ago. Income before taxes was $45.3 million compared to $47.8 million for the same period a year ago. Return on assets was 1.17% compared with 1.24% a year ago. Return on common equity was 11.5% compared with 11.6% a year ago.

Westamerica Bancorporation Declares Quarterly Cash Dividend, Payable May 15, 2015

The Board of Directors of Westamerica Bancorporation declared a quarterly cash dividend of $0.38 per share on common stock outstanding to shareholders of record at the close of business May 4, 2015. The dividend is payable May 15, 2015.

 

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Industry Analysis

WABC

Industry Average

Valuation WABC Industry Range
Price/Earnings 18.9x
Price/Sales 6.0x
Price/Book 2.1x
Price/Cash Flow 18.7x
TEV/Sales 4.0x
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