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Sep 30, 2022
Westamerica Q3 2022 Earnings Report
Westamerica's financial performance increased in Q3 2022.
Key Takeaways
Westamerica Bancorporation reported a net income of $34.8 million and EPS of $1.29 for Q3 2022. The company's results benefited from variable-rate bonds, cash, and loans, along with a valuable deposit base.
Net income for Q3 2022 was $34.8 million, a 37% increase compared to Q2 2022.
Earnings per share (EPS) for Q3 2022 was $1.29, including a $0.03 contribution from a life insurance gain.
Net interest income on a fully-taxable equivalent (FTE) basis was $60.8 million for Q3 2022.
The yield earned on loans and bonds for Q3 2022 was 3.47%.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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