Westamerica Bancorporation

  • Earnings Score
  • Market Cap $1.52B
  • PE 10
  • Debt $NaN
  • Cash $502.95M
  • EV $NaN
  • FCF $102.48M

Earnings

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Sales & Net Margins

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Earnings$146.40M
ROE16%
FCF$102.48M
Equity$909.04M
Growth Stability84%
PE10.41
PEG0.51
PB1.68
P/FCF14.87
Price/Cash0.33
Earnings CAGR14%
FCF CAGR8%
Equity CAGR4%
Earnings Stability0.86
Earnings Growth YoY-16%
Earnings Growth QoQ-1%
Earnings CAGR 5Y20%
FCF CAGR 5Y12%
Equity CAGR 5Y-1%
FCF CAGR 3Y21%
Equity CAGR 3Y9%
Market Cap$1.52B
Dividend Yield3%
Payout Ratio32%
Assets$6.16B
Cash$502.95M
Shares Outstanding26.67M
Earnings Score94%
Shares Growth 3y-0%
Equity Growth QoQ11%
Equity Growth YoY40%

Assets & ROA

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Stockholders Equity & ROE

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Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The banks' net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller businesses. Its footprint encompasses central and northern California, extending north of San Francisco to Mendocino and Lake counties, south to Kern County in central California, and all the way east to Nevada County.

SEC Filings

Direct access to Westamerica Bancorporation (WABC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Westamerica Bancorporation compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Westamerica Bancorporation compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%
Stability 86%
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Westamerica Bancorporation Discounted Cash Flow

Fully customizable DCF calculator online for Westamerica Bancorporation.

= $1.8B
012345678910TV
fcf$102M$111M$120M$130M$140M$152M$164M$177M$192M$207M$224M$2.2B
DCF$101M$99M$97M$96M$94M$93M$91M$89M$88M$87M$865M
Value$1.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins-----------
ROA-2%2%2%2%2%2%2%2%4%-
ROE-11%10%8%12%11%10%10%20%21%16%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-0.80.780.750.550.40.971.670.510.37-
Debt over Equity0.170.10.110.10.080.040.120.180.10.08-
Growth Stability---84%100%100%100%100%100%100%84%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-----------
Earnings YoY growth--3%0%-15%43%12%0%8%41%33%20%
Equity YoY growth-1%5%5%4%19%16%-2%-27%28%-1%
FCF YoY growth--16%15%3%20%-18%38%-17%29%39%12%