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Dec 31, 2024
Westamerica Q4 2024 Earnings Report
Westamerica Bancorporation reported net income of $31.7 million and EPS of $1.19 for Q4 2024.
Key Takeaways
Westamerica Bancorporation reported a net income of $31.7 million and EPS of $1.19 for the fourth quarter of 2024. The results reflect the benefit of a low-cost deposit base and well-controlled operating expenses. The company's annualized return on average common equity was 12.1 percent.
Net income for Q4 2024 was $31.7 million, with EPS at $1.19.
Q4 results included an increase to the book tax provision, reducing EPS by $0.01.
Net interest income on a fully-taxable equivalent (FTE) basis was $59.2 million.
The annualized cost of funding loan and bond portfolios was 0.24 percent.
Forward Guidance
This press release contains forward-looking statements subject to risks and uncertainties as detailed in the company's filings with the Securities and Exchange Commission.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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