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Jun 30, 2021
Westamerica Q2 2021 Earnings Report
Generated net income and diluted earnings per share, reflecting the impact of make-whole interest income and well-managed operating expenses.
Key Takeaways
Westamerica Bancorporation reported a net income of $22.6 million and EPS of $0.84 for Q2 2021. The results include make-whole interest income which increased EPS by $0.04. The company saw growth in average total deposits and managed to reduce operating expenses.
Net income for the second quarter 2021 was $22.6 million, with EPS at $0.84.
Second quarter results include a $0.04 increase in EPS due to make-whole interest income.
Average total deposits grew by $327 million from the previous quarter.
Operating expenses decreased by $615 thousand from the first quarter 2021.
Revenue by Segment
Forward Guidance
This press release contains 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
- Management's plans for future operations
- Objectives for future products or services
- Forecasts of revenues
- Forecasts of earnings
- Forecasts of other measures of economic performance
Challenges Ahead
- Changes in business and economic conditions
- Competition
- Fiscal and monetary policies
- Disintermediation
- Cyber security risks
Historical Earnings Impact
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Avg. Return Before/After Earnings
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