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Mar 31
Westamerica Q1 2025 Earnings Report
Westamerica Bancorporation reported solid Q1 2025 earnings with stable credit quality and controlled expenses.
Key Takeaways
Westamerica Bancorporation delivered a strong Q1 2025, with EPS of $1.16 and revenue slightly beating expectations. Net income remained robust at $31 million, supported by a low funding cost and efficient operations.
Net income reached $31,037,000 with a diluted EPS of $1.16.
Total revenue was $66,710,000, supported by strong net interest income.
Funding costs remained low at 0.24%, reflecting efficient deposit management.
Nonperforming assets remained minimal at $277,000, showing strong credit quality.
Westamerica
Westamerica
Westamerica Revenue by Segment
Westamerica Revenue by Geographic Location
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNon-Interest Income Revenue
CapyFin.comRevenue by Geographic Location
U.S. Operations Revenue
CapyFin.com Forward Guidance
No specific forward guidance provided, but liquidity, capital strength, and funding remain in focus.
Positive Outlook
- Strong liquidity with $727 million in cash
- 46% of deposits in non-interest bearing accounts
- Stable credit quality with low nonperforming loans
- Efficient cost control with expenses at 38% of revenue
- High capital ratios and no current borrowing from the Fed
Challenges Ahead
- Revenue and net income declined year-over-year
- Net interest margin compressed versus prior year
- Loan balances decreased by 7.5% YoY
- Deposit base contracted by 7.8% YoY
- Continued pressure on interest income from securities