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Mar 31, 2022
Westamerica Q1 2022 Earnings Report
Westamerica Bancorporation generated net income and diluted earnings per common share for Q1 2022.
Key Takeaways
Westamerica Bancorporation reported a net income of $22.6 million and EPS of $0.84 for the first quarter of 2022. The company's performance reflects a strong return on average common equity and well-managed operating expenses.
Net income for the first quarter 2022 was $22.6 million, with EPS at $0.84.
Net interest income on a fully-taxable equivalent basis was $43.8 million.
Noninterest income totaled $11.6 million for the first quarter 2022, including a $1.2 million reconciling payment.
Credit quality remained solid with nonperforming loans of $915 thousand at March 31, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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