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WESTAMERICA BANCORPORATION (WABC) Stock Fundamental Analysis

NASDAQ:WABC - Nasdaq - US9570901036 - Common Stock - Currency: USD

51.12  -0.61 (-1.18%)

After market: 51.12 0 (0%)

Fundamental Rating

4

WABC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. WABC has a medium profitability rating, but doesn't score so well on its financial health evaluation. WABC is valued correctly, but it does not seem to be growing. Finally WABC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

WABC had positive earnings in the past year.
In the past year WABC had a positive cash flow from operations.
WABC had positive earnings in each of the past 5 years.
In the past 5 years WABC always reported a positive cash flow from operatings.
WABC Yearly Net Income VS EBIT VS OCF VS FCFWABC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

WABC has a better Return On Assets (2.23%) than 96.73% of its industry peers.
WABC has a better Return On Equity (14.44%) than 91.44% of its industry peers.
Industry RankSector Rank
ROA 2.23%
ROE 14.44%
ROIC N/A
ROA(3y)2.19%
ROA(5y)1.79%
ROE(3y)18.92%
ROE(5y)15.35%
ROIC(3y)N/A
ROIC(5y)N/A
WABC Yearly ROA, ROE, ROICWABC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 46.87%, WABC belongs to the top of the industry, outperforming 99.50% of the companies in the same industry.
WABC's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for WABC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 46.87%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.43%
PM growth 5Y3.69%
GM growth 3YN/A
GM growth 5YN/A
WABC Yearly Profit, Operating, Gross MarginsWABC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

3

2. Health

2.1 Basic Checks

WABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WABC remains at a similar level compared to 1 year ago.
The number of shares outstanding for WABC has been reduced compared to 5 years ago.
Compared to 1 year ago, WABC has a worse debt to assets ratio.
WABC Yearly Shares OutstandingWABC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
WABC Yearly Total Debt VS Total AssetsWABC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

WABC has a debt to FCF ratio of 0.87. This is a very positive value and a sign of high solvency as it would only need 0.87 years to pay back of all of its debts.
WABC's Debt to FCF ratio of 0.87 is fine compared to the rest of the industry. WABC outperforms 77.33% of its industry peers.
WABC has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.12, WABC is doing good in the industry, outperforming 64.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.87
Altman-Z N/A
ROIC/WACCN/A
WACC9.4%
WABC Yearly LT Debt VS Equity VS FCFWABC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WABC Yearly Current Assets VS Current LiabilitesWABC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1

3. Growth

3.1 Past

The earnings per share for WABC have decreased strongly by -16.39% in the last year.
The Earnings Per Share has been growing by 11.61% on average over the past years. This is quite good.
WABC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.10%.
WABC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.54% yearly.
EPS 1Y (TTM)-16.39%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.33%
Revenue 1Y (TTM)-11.1%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.43%

3.2 Future

The Earnings Per Share is expected to decrease by -9.97% on average over the next years.
WABC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.39% yearly.
EPS Next Y-14.01%
EPS Next 2Y-9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.16%
Revenue Next 2Y-7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WABC Yearly Revenue VS EstimatesWABC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
WABC Yearly EPS VS EstimatesWABC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.33 indicates a reasonable valuation of WABC.
Compared to the rest of the industry, the Price/Earnings ratio of WABC indicates a somewhat cheap valuation: WABC is cheaper than 79.60% of the companies listed in the same industry.
WABC is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.22, WABC is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WABC indicates a slightly more expensive valuation: WABC is more expensive than 67.00% of the companies listed in the same industry.
WABC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
Industry RankSector Rank
PE 10.33
Fwd PE 12.22
WABC Price Earnings VS Forward Price EarningsWABC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, WABC is valued a bit cheaper than the industry average as 62.72% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.3
EV/EBITDA N/A
WABC Per share dataWABC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

WABC's earnings are expected to decrease with -9.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.89
EPS Next 2Y-9.97%
EPS Next 3YN/A

7

5. Dividend

5.1 Amount

WABC has a Yearly Dividend Yield of 3.56%. Purely for dividend investing, there may be better candidates out there.
WABC's Dividend Yield is a higher than the industry average which is at 3.31.
Compared to an average S&P500 Dividend Yield of 2.35, WABC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.56%

5.2 History

The dividend of WABC has a limited annual growth rate of 1.51%.
WABC has been paying a dividend for at least 10 years, so it has a reliable track record.
WABC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.51%
Div Incr Years34
Div Non Decr Years34
WABC Yearly Dividends per shareWABC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

35.25% of the earnings are spent on dividend by WABC. This is a low number and sustainable payout ratio.
DP35.25%
EPS Next 2Y-9.97%
EPS Next 3YN/A
WABC Yearly Income VS Free CF VS DividendWABC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
WABC Dividend Payout.WABC Dividend Payout, showing the Payout Ratio.WABC Dividend Payout.PayoutRetained Earnings

WESTAMERICA BANCORPORATION

NASDAQ:WABC (7/11/2025, 8:00:02 PM)

After market: 51.12 0 (0%)

51.12

-0.61 (-1.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-17 2025-04-17/dmh
Earnings (Next)07-17 2025-07-17
Inst Owners80.55%
Inst Owner Change0%
Ins Owners4.58%
Ins Owner Change6.41%
Market Cap1.34B
Analysts45.71
Price Target56.1 (9.74%)
Short Float %1.74%
Short Ratio2.71
Dividend
Industry RankSector Rank
Dividend Yield 3.56%
Yearly Dividend1.76
Dividend Growth(5Y)1.51%
DP35.25%
Div Incr Years34
Div Non Decr Years34
Ex-Date05-05 2025-05-05 (0.46)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.49%
Min EPS beat(2)-1.41%
Max EPS beat(2)2.39%
EPS beat(4)3
Avg EPS beat(4)0.51%
Min EPS beat(4)-1.41%
Max EPS beat(4)2.39%
EPS beat(8)5
Avg EPS beat(8)1.49%
EPS beat(12)8
Avg EPS beat(12)4.66%
EPS beat(16)11
Avg EPS beat(16)4.26%
Revenue beat(2)0
Avg Revenue beat(2)-4.45%
Min Revenue beat(2)-6.87%
Max Revenue beat(2)-2.03%
Revenue beat(4)0
Avg Revenue beat(4)-2.81%
Min Revenue beat(4)-6.87%
Max Revenue beat(4)-0.68%
Revenue beat(8)2
Avg Revenue beat(8)-1.84%
Revenue beat(12)4
Avg Revenue beat(12)-0.4%
Revenue beat(16)6
Avg Revenue beat(16)-0.37%
PT rev (1m)4.76%
PT rev (3m)-3.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.46%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)-0.81%
Valuation
Industry RankSector Rank
PE 10.33
Fwd PE 12.22
P/S 4.71
P/FCF 10.3
P/OCF 10.16
P/B 1.45
P/tB 1.67
EV/EBITDA N/A
EPS(TTM)4.95
EY9.68%
EPS(NY)4.18
Fwd EY8.18%
FCF(TTM)4.96
FCFY9.71%
OCF(TTM)5.03
OCFY9.84%
SpS10.86
BVpS35.26
TBVpS30.61
PEG (NY)N/A
PEG (5Y)0.89
Profitability
Industry RankSector Rank
ROA 2.23%
ROE 14.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 46.87%
GM N/A
FCFM 45.7%
ROA(3y)2.19%
ROA(5y)1.79%
ROE(3y)18.92%
ROE(5y)15.35%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.43%
PM growth 5Y3.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.87
Debt/EBITDA N/A
Cap/Depr 19.27%
Cap/Sales 0.64%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 97.51%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC9.4%
ROIC/WACCN/A
Cap/Depr(3y)10.48%
Cap/Depr(5y)9.8%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.58%
Profit Quality(3y)96.83%
Profit Quality(5y)104.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.39%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.33%
EPS Next Y-14.01%
EPS Next 2Y-9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.1%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.43%
Revenue Next Year-10.16%
Revenue Next 2Y-7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4.39%
FCF growth 3Y16.96%
FCF growth 5Y12.76%
OCF growth 1Y-3.83%
OCF growth 3Y16.86%
OCF growth 5Y11.9%