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Westamerica Bancorporation (WABC)

Westamerica Bancorporation is the holding company for Westamerica Bank and Bank of Lake County. The Banks provide a full range of services to individual and corporate customers in northern and central California. The Company's other subsidiaries finance accounts receivable and inventory lines of credit and term business loans, as well as provides data processing services to the Company.

Company profile

Ticker
WABC
Exchange
NASDAQ
Website
www.westamerica.com
CEO
David L. Payne
Employees
Incorporated
California
Location
California
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
National Commercial Banks
Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...
SEC CIK
0000311094
Corporate docs
Subsidiaries
Money Outlet, Inc. • Westamerica Commercial Credit, Inc. ...
IRS number
942156203

WABC stock data

News

From Benzinga Pro
Westamerica Banc Q2 EPS $0.94 Up From $0.84 YoY
21 Jul 22
Westamerica Banc (NASDAQ:WABC) reported quarterly earnings of $0.94 per share. This is a 11.9 percent increase over earnings of $0.84 per share from the same period last year.

Press releases

From Benzinga Pro
Westamerica Bancorporation Declares Quarterly Cash Dividend and Announces Stock Repurchase Plan
28 Jul 22
SAN RAFAEL, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.42 per share on common stock outstanding to
Westamerica Bancorporation Reports Second Quarter 2022 Financial Results
21 Jul 22
SAN RAFAEL, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the second quarter 2022 of $25.3 million and diluted earnings

Calendar

8 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart WABC financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Recent insider trades

WABC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 22 George S Ensinger Common Stock Payment of exercise Dispose F No No 58.655 578 33.9K 3,130
1 Mar 22 John A Thorson Common Stock Payment of exercise Dispose F Yes No 58.655 996 58.42K 12,825
3 Feb 22 George S Ensinger Common Stock Sell Dispose S No No 58.604 1,000 58.6K 3,708
27 Jan 22 Curtis Belton NQSO Common Stock Grant Acquire A No No 58.51 9,200 538.29K 9,200
27 Jan 22 Jesse Leavitt NQSO Common Stock Grant Acquire A No No 58.51 14,400 842.54K 14,400
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

WABC institutional ownership history Ownership history
29.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 146 158 -7.6%
Opened positions 10 19 -47.4%
Closed positions 22 16 +37.5%
Increased positions 53 55 -3.6%
Reduced positions 52 53 -1.9%
13F shares Current Prev Q Change
Total value 1.35B 2.67B -49.5%
Total shares 22.34M 21.94M +1.8%
Total puts 0 0
Total calls 10K 0 NEW
Total put/call ratio – – –
Largest owners Shares Value Change
BLK Blackrock 3.96M $239.84M +0.8%
TROW T. Rowe Price 3.63M $219.49M -0.4%
Vanguard 3.14M $189.86M +0.9%
American Century Investment Management 1.56M $89.79M 0.0%
American Century Companies 1.44M $87.03M -2.1%
STT State Street 1.15M $69.67M +6.7%
Deprince Race & Zollo 745.61K $45.11M +186.6%
Dimensional Fund Advisors 676.04K $40.9M +1.3%
Geode Capital Management 485.09K $29.35M +2.7%
Palisade Capital Management 477.89K $28.91M -2.7%
Largest transactions Shares Bought/sold Change
Deprince Race & Zollo 745.61K +485.45K +186.6%
Norges Bank 0 -204.07K EXIT
Holocene Advisors 88.63K +88.63K NEW
Russell Investments 185.24K +88.35K +91.2%
STT State Street 1.15M +72.07K +6.7%
JPM JPMorgan Chase & Co. 206.04K -63.43K -23.5%
Synergy Financial Management 0 -45.64K EXIT
Citadel Advisors 16.91K -44.8K -72.6%
TD Asset Management 38.1K +38.1K NEW
Aqr Capital Management 0 -33.88K EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Renewable Energy

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: ATM, broader, consideration, decided, employment, food, job, overnight, production, release, robust, softened, supply, tight, tightening, unanimously, unemployment
Removed: CECL, fourth, initially, meaningfully, obligated, originated, Paycheck, recognizing, representing, restructured
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
8 Aug 22
10-Q
2022 Q1
Quarterly report
9 May 22
10-K
2021 FY
Annual report
25 Feb 22
10-Q
2021 Q3
Quarterly report
3 Nov 21
10-Q
2021 Q2
Quarterly report
4 Aug 21
10-Q
2021 Q1
Quarterly report
5 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
5 May 20
Current reports
View all
8-K
Westamerica Bancorporation Declares Quarterly Cash Dividend and Announces Stock Repurchase Plan
28 Jul 22
8-K
Westamerica Bancorporation Reports Second Quarter 2022 Financial Results
21 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Westamerica Bancorporation Declares Quarterly Cash Dividend
28 Apr 22
8-K
Westamerica Bancorporation Reports First Quarter 2022 Financial Results
21 Apr 22
8-K
Departure of Directors or Certain Officers
14 Feb 22
8-K
Westamerica Bancorporation Declares Quarterly Cash Dividend
27 Jan 22
8-K
Westamerica Bancorporation Reports Fourth Quarter 2021 Financial Results
20 Jan 22
8-K
Departure of Directors or Certain Officers
1 Nov 21
8-K
Westamerica Bancorporation Increases Quarterly Cash Dividend
28 Oct 21
Registration and prospectus
View all
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Sep 19
S-8
Registration of securities for employees
27 Sep 19
S-8
Registration of securities for employees
28 Jun 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Jun 12
S-3ASR
Automatic shelf registration
12 Mar 09
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Mar 05
15-12G
Securities registration termination
1 Mar 05
15-12G
Securities registration termination
1 Mar 05
8-A12B
Registration of securities on exchange
21 Dec 04
424B5
Prospectus supplement for primary offering
18 Nov 04
Proxies
View all
DEFR14A
Revised proxy
8 Apr 22
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEF 14A
Definitive proxy
18 Mar 22
DEFA14A
Additional proxy soliciting materials
12 Mar 21
DEF 14A
Definitive proxy
12 Mar 21
DEFA14A
Additional proxy soliciting materials
9 Mar 20
DEF 14A
Definitive proxy
9 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEFA14A
Additional proxy soliciting materials
11 Mar 19
DEF 14A
Definitive proxy
11 Mar 19
Other
View all
UPLOAD
Letter from SEC
23 Jun 14
CORRESP
Correspondence with SEC
8 Jun 14
UPLOAD
Letter from SEC
26 May 14
UPLOAD
Letter from SEC
21 Oct 13
CORRESP
Correspondence with SEC
7 Oct 13
UPLOAD
Letter from SEC
25 Sep 13
UPLOAD
Letter from SEC
6 Mar 08
UPLOAD
Letter from SEC
14 Feb 08
UPLOAD
Letter from SEC
14 Feb 08
CORRESP
Correspondence with SEC
30 Jan 08
Ownership
View all
11-K
Annual report of employee stock purchases
29 Jun 22
4
WESTAMERICA BANCORPORATION / JOHN A THORSON ownership change
3 Mar 22
4
WESTAMERICA BANCORPORATION / George S Ensinger ownership change
3 Mar 22
SC 13G/A
WESTAMERICA BANCORPORATION / PRICE T ROWE ASSOCIATES ownership change
14 Feb 22
SC 13G/A
WESTAMERICA BANCORPORATION / VANGUARD ownership change
9 Feb 22
SC 13G/A
WESTAMERICA BANCORPORATION / AMERICAN CENTURY INVESTMENT MANAGEMENT ownership change
4 Feb 22
4
WESTAMERICA BANCORPORATION / George S Ensinger ownership change
3 Feb 22
4
WESTAMERICA BANCORPORATION / JOHN A THORSON ownership change
31 Jan 22
4
WESTAMERICA BANCORPORATION / George S Ensinger ownership change
31 Jan 22
4
WESTAMERICA BANCORPORATION / JESSE LEAVITT ownership change
31 Jan 22

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