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Dec 31, 2023
Westamerica Q4 2023 Earnings Report
Westamerica's Q4 2023 financial results were reported, showing a net income of $39.5 million and EPS of $1.48.
Key Takeaways
Westamerica Bancorporation reported a net income of $39.5 million and EPS of $1.48 for Q4 2023. The results were influenced by a low-cost deposit base and well-controlled operating expenses.
Net income for Q4 2023 was $39.5 million, with an EPS of $1.48.
The company benefited from a low-cost deposit base, with 48% in non-interest bearing checking accounts.
The annualized cost of funding loan and bond portfolios was 0.11%.
An annualized return on average common equity was 16.7%.
Westamerica
Westamerica
Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ include changes in business and economic conditions, competition, fiscal and monetary policies, and cyber security risks.