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Sep 30, 2024
Westamerica Q3 2024 Earnings Report
Westamerica's Q3 2024 financial results were reported, showing a net income of $35.1 million and EPS of $1.31.
Key Takeaways
Westamerica Bancorporation reported a net income of $35.1 million and EPS of $1.31 for Q3 2024. The results benefited from a low-cost deposit base and well-controlled operating expenses. Nonperforming assets remained stable, and no provision for credit losses was recognized.
Net income for Q3 2024 was $35.1 million, with an EPS of $1.31.
The company's low-cost deposit base, with 48% in non-interest bearing checking accounts, contributed positively to the results.
Operating expenses were well-controlled at 35% of total revenues.
An annualized return on average common equity of 13.7% was generated.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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