Westamerica Bancorporation (WABC) Income Statement
WABC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWABC revenue and net income
Where WABC's revenue goes
2025Each bar shows an amount and its share of revenue. WABC kept 42.7% of revenue as net income.
WABC profit margins
WABC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −12.6% | +0.6% | +5.5% | +4.0% |
| Gross profit | −11.8% | −0.8% | +5.1% | +3.6% |
| Operating income | −17.1% | −1.8% | +8.0% | +7.4% |
| Net income | −16.2% | −1.6% | +7.6% | +7.1% |
| EPS (diluted) | −13.1% | +0.1% | +9.8% | +7.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WABC quarterly EPS vs estimates
Westamerica Bancorporation beat the analyst EPS estimate in 8 of the last 8 quarters.
WABC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $271.8M | $311.2M | $327.5M | $266.9M | $216.8M | $208.0M | $206.1M | $199.9M | $194.3M | $182.5M |
| Cost of revenue | $13.2M | $17.7M | $2.7M | $1.9M | $2.0M | $6.1M | $1.9M | $2.0M | $0 | −$1.1M |
| Gross profit | $258.7M | $293.4M | $324.8M | $265.0M | $214.8M | $201.8M | $204.2M | $197.9M | $194.3M | $183.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $70.7M | $99.1M | $47.9M | $46.1M | $48.0M | $50.7M | $51.1M | $53.0M | $51.5M | $51.5M |
| Total operating expenses | $101.9M | $104.4M | $103.2M | $99.4M | $97.8M | $95.0M | $99.0M | $106.9M | $107.1M | $103.6M |
| Operating income | $156.7M | $189.1M | $221.6M | $165.6M | $117.0M | $106.8M | $105.2M | $91.0M | $87.2M | $80.0M |
| Interest income | $231.0M | $268.0M | $282.2M | $221.8M | $173.4M | $165.9M | $158.7M | $151.7M | $133.8M | $134.1M |
| Interest expense | $13.7M | $17.4M | $3.9M | $1.9M | $2.0M | $1.8M | $1.9M | $2.0M | $1.9M | $2.1M |
| Income before taxes | $156.7M | $189.1M | $221.6M | $165.6M | $117.0M | $106.8M | $105.2M | $91.0M | $87.2M | $80.0M |
| Income taxes | $40.5M | $50.4M | $59.8M | $43.6M | $30.5M | $26.4M | $24.8M | $19.4M | $37.1M | $21.1M |
| Net income | $116.2M | $138.6M | $161.8M | $122.0M | $86.5M | $80.4M | $80.4M | $71.6M | $50.0M | $58.9M |
| EBITDA | $163.9M | $199.5M | $233.4M | $182.2M | $133.6M | $129.4M | $125.8M | $115.4M | $113.3M | $99.9M |
| EPS (diluted) | $4.52 | $5.20 | $6.06 | $4.50 | $3.22 | $2.83 | $2.98 | $2.74 | $2.36 | $2.30 |
| Gross margin | 95.2% | 94.3% | 99.2% | 99.3% | 99.1% | 97.1% | 99.1% | 99.0% | 100.0% | 100.6% |
| Operating margin | 57.6% | 60.8% | 67.7% | 62.0% | 54.0% | 51.4% | 51.1% | 45.5% | 44.9% | 43.8% |
| Net margin | 42.7% | 44.6% | 49.4% | 45.7% | 39.9% | 38.7% | 39.0% | 35.8% | 25.7% | 32.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.7M | $66.1M | $65.4M | $66.8M | $67.5M | $67.8M | $69.8M | $73.0M | $79.7M | $79.6M | $78.8M | $82.0M |
| Cost of revenue | $3.6M | $3.3M | $3.0M | $3.5M | $3.6M | $3.2M | $2.8M | $3.5M | $5.6M | $5.3M | $3.3M | $1.7M |
| Gross profit | $64.1M | $62.8M | $62.4M | $63.3M | $63.8M | $64.6M | $67.0M | $69.6M | $74.1M | $74.3M | $75.5M | $80.4M |
| Sales, general & admin | $17.8M | $17.8M | $17.8M | $24.6M | $21.7M | $12.3M | $12.1M | $12.5M | $25.2M | $12.5M | $12.6M | $12.2M |
| Total operating expenses | $26.2M | $26.0M | $25.9M | $25.5M | $25.8M | $25.5M | $25.1M | $25.9M | $26.3M | $26.1M | $26.1M | $25.5M |
| Operating income | $37.8M | $36.7M | $36.5M | $37.8M | $37.9M | $39.1M | $41.8M | $43.7M | $47.8M | $48.1M | $49.4M | $54.8M |
| Interest income | — | $55.8M | $55.8M | $56.8M | $57.2M | $57.5M | $59.5M | $62.4M | $67.8M | $69.1M | $68.7M | $71.1M |
| Interest expense | $3.6M | $3.3M | $3.3M | $3.5M | $3.6M | $3.2M | $3.4M | $3.5M | $5.6M | $5.3M | $3.0M | $1.7M |
| Income before taxes | $37.8M | $36.7M | $36.5M | $37.8M | $37.9M | $39.1M | $41.8M | $43.7M | $47.8M | $48.1M | $49.4M | $54.8M |
| Income taxes | $9.7M | $9.3M | $9.1M | $10.0M | $9.7M | $10.0M | $10.8M | $12.0M | $12.7M | $12.7M | $13.0M | $15.4M |
| Net income | $28.2M | $27.4M | $27.4M | $27.8M | $28.3M | $29.1M | $31.0M | $31.7M | $35.1M | $35.5M | $36.4M | $39.5M |
| EBITDA | $37.8M | $37.5M | $37.4M | $39.0M | $39.8M | $41.3M | $43.8M | $45.9M | $50.2M | $51.0M | $52.4M | $57.9M |
| EPS (diluted) | $1.22 | $1.17 | $1.13 | $1.12 | $1.12 | $1.12 | $1.16 | $1.19 | $1.31 | $1.33 | $1.37 | $1.48 |
| Gross margin | 94.7% | 95.0% | 95.4% | 94.8% | 94.6% | 95.3% | 95.9% | 95.3% | 92.9% | 93.3% | 95.8% | 98.0% |
| Operating margin | 55.9% | 55.6% | 55.8% | 56.7% | 56.2% | 57.6% | 59.9% | 59.9% | 59.9% | 60.5% | 62.7% | 66.9% |
| Net margin | 41.6% | 41.4% | 41.8% | 41.6% | 41.9% | 42.9% | 44.5% | 43.4% | 44.0% | 44.6% | 46.2% | 48.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WABC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WABC financial results
In fiscal year 2025 (ended December 31, 2025), Westamerica Bancorporation reported revenue of $271.8 million, down 12.6% from the year before. It had net income of $116.2 million (down 16.2%), a net profit margin of 42.7%. Diluted earnings per share came to $4.52. Over five years revenue grew at an average rate of 5.5% a year.
See the WABC stock overview for the latest quote and news, or the WABC chart for price history and technical indicators.
WABC income statement FAQ
What is Westamerica Bancorporation's annual revenue?
Westamerica Bancorporation reported total revenue of $271.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 12.6% from $311.2 million the previous year.
Is Westamerica Bancorporation profitable?
Yes. Westamerica Bancorporation reported net income of $116.2 million in fiscal 2025, a net profit margin of 42.7%; its operating margin was 57.6%.
What is Westamerica Bancorporation's gross margin?
Westamerica Bancorporation's gross margin was 95.2% in fiscal 2025: for every $100 of revenue, Westamerica Bancorporation kept $95 after the direct cost of its products and services.
How fast is Westamerica Bancorporation growing?
Revenue grew 5.5% a year on average over the last five fiscal years, from $208.0 million to $271.8 million.
What are Westamerica Bancorporation's earnings per share?
Westamerica Bancorporation earned $4.52 per diluted share in fiscal 2025, compared with $5.20 a year earlier.
When does Westamerica Bancorporation's fiscal year end?
Westamerica Bancorporation's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.