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Sep 30, 2020
Westamerica Q3 2020 Earnings Report
Westamerica Bancorporation's net income and EPS were reported for Q3 2020.
Key Takeaways
Westamerica Bancorporation reported a net income of $20.1 million and EPS of $0.74 for the third quarter of 2020. The results reflect a focus on customer service during the pandemic and were influenced by lower market interest rates and improvements in non-interest revenues.
Net income for Q3 2020 was $20.1 million, with an EPS of $0.74.
Non-interest revenues improved by $922 thousand compared to the previous quarter.
Net interest income declined by $283 thousand compared to the prior quarter due to low market interest rates.
Operating expenses represented 47% of revenues on a fully-taxable equivalent basis.