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Mar 31, 2021
Westamerica Q1 2021 Earnings Report
Westamerica Bancorporation generated net income and diluted earnings per share for Q1 2021.
Key Takeaways
Westamerica Bancorporation reported a net income of $20.1 million and diluted earnings per share of $0.75 for the first quarter of 2021. The results include 'make-whole' interest income, which increased EPS by $0.02. The company originated $91 million in loans under the second round of the Paycheck Protection Program.
Net income for Q1 2021 was $20.1 million, with EPS at $0.75.
Originated $91 million in loans under the Paycheck Protection Program during Q1 2021.
Operating expenses represented 47% of revenues on a fully-taxable equivalent basis.
Nonperforming loans totaled $4.1 million as of March 31, 2021.
Westamerica
Westamerica
Westamerica Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNon-Interest Income Revenue
CapyFin.com Forward Guidance
This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance.
Positive Outlook
- Company plans
- Objectives of its management
- Future operations
- Products or services
- Forecasts of its revenues
Challenges Ahead
- Forward-looking statements, by their nature, are subject to risks and uncertainties.
- A number of factors — many of which are beyond the Company's control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.
- Changes in business and economic conditions
- Competition
- Fiscal and monetary policies