Westamerica Q3 2021 Earnings Report

Generated net income and EPS for the third quarter of 2021.

Key Takeaways

Westamerica Bancorporation reported a net income of $22.1 million and diluted EPS of $0.82 for Q3 2021. The results include 'make-whole' interest income, which increased EPS by $0.02. The company's deposit base generated a low cost of funding, and operating expenses were well-managed.

Net income for Q3 2021 was $22.1 million, with EPS at $0.82.

Net interest income (FTE) was $44.0 million, including $732 thousand from 'make-whole' interest income.

Nonperforming loans decreased to $1.8 million at the end of the quarter.

The annualized return on average common equity was 11.6 percent.

Total Revenue

$55.2M

Previous year: $52.3M