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WESTAMERICA BANCORPORATION (WABC) Stock Fundamental Analysis

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

47.77  +0.45 (+0.95%)

After market: 47.77 0 (0%)

Fundamental Rating

4

WABC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. There are concerns on the financial health of WABC while its profitability can be described as average. 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

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5

1. Profitability

1.1 Basic Checks

In the past year WABC was profitable.
In the past year WABC had a positive cash flow from operations.
Each year in the past 5 years WABC has been profitable.
WABC had a positive operating cash flow in each of the past 5 years.
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

The Return On Assets of WABC (2.23%) is better than 96.68% of its industry peers.
WABC has a Return On Equity of 14.44%. This is amongst the best in the industry. WABC outperforms 91.58% 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

The Profit Margin of WABC (46.87%) is better than 99.49% of its industry peers.
WABC's Profit Margin has improved in the last couple of years.
WABC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
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

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3

2. Health

2.1 Basic Checks

WABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WABC has about the same amount of shares outstanding.
Compared to 5 years ago, WABC has less shares outstanding
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

The Debt to FCF ratio of WABC is 0.87, which is an excellent value as it means it would take WABC, only 0.87 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 0.87, WABC is doing good in the industry, outperforming 77.04% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that WABC is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.12, WABC is doing good in the industry, outperforming 64.54% 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
WACC9.24%
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

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1

3. Growth

3.1 Past

WABC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.42%.
Measured over the past years, WABC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.61% on average per year.
The Revenue for WABC has decreased by -12.38% in the past year. This is quite bad
Measured over the past years, WABC shows a small growth in Revenue. The Revenue has been growing by 7.54% on average per year.
EPS 1Y (TTM)-17.42%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.79%
Revenue 1Y (TTM)-12.38%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.64%

3.2 Future

WABC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -9.97% yearly.
The Revenue is expected to decrease by -9.87% on average over the next years.
EPS Next Y-14.01%
EPS Next 2Y-9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.66%
Revenue Next 2Y-9.87%
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

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.08, the valuation of WABC can be described as very reasonable.
Based on the Price/Earnings ratio, WABC is valued a bit cheaper than the industry average as 74.74% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.24, WABC is valued rather cheaply.
WABC is valuated reasonably with a Price/Forward Earnings ratio of 11.42.
Based on the Price/Forward Earnings ratio, WABC is valued a bit more expensive than the industry average as 64.03% of the companies are valued more cheaply.
WABC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.42.
Industry RankSector Rank
PE 10.08
Fwd PE 11.42
WABC Price Earnings VS Forward Price EarningsWABC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

WABC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WABC is cheaper than 66.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.41
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)0.87
EPS Next 2Y-9.97%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

WABC has a Yearly Dividend Yield of 3.84%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.51, WABC pays a bit more dividend than its industry peers.
WABC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 3.84%

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

WABC pays out 35.25% of its income as dividend. This is a 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

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WESTAMERICA BANCORPORATION

NASDAQ:WABC (8/4/2025, 4:30:02 PM)

After market: 47.77 0 (0%)

47.77

+0.45 (+0.95%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-17 2025-07-17/dmh
Earnings (Next)10-15 2025-10-15
Inst Owners80.55%
Inst Owner Change-1.4%
Ins Owners4.58%
Ins Owner Change-4.69%
Market Cap1.22B
Analysts45.71
Price Target56.1 (17.44%)
Short Float %1.43%
Short Ratio2.61
Dividend
Industry RankSector Rank
Dividend Yield 3.84%
Yearly Dividend1.76
Dividend Growth(5Y)1.51%
DP35.25%
Div Incr Years34
Div Non Decr Years34
Ex-Date08-04 2025-08-04 (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)0%
PT rev (3m)4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.73%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)-1.67%
Revenue NY rev (3m)-1.1%
Valuation
Industry RankSector Rank
PE 10.08
Fwd PE 11.42
P/S 4.3
P/FCF 9.41
P/OCF 9.28
P/B 1.32
P/tB 1.53
EV/EBITDA N/A
EPS(TTM)4.74
EY9.92%
EPS(NY)4.18
Fwd EY8.75%
FCF(TTM)5.08
FCFY10.63%
OCF(TTM)5.15
OCFY10.78%
SpS11.11
BVpS36.07
TBVpS31.32
PEG (NY)N/A
PEG (5Y)0.87
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
WACC9.24%
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)-17.42%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.79%
EPS Next Y-14.01%
EPS Next 2Y-9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.38%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.64%
Revenue Next Year-11.66%
Revenue Next 2Y-9.87%
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%