Westamerica Q2 net income falls 11.9% to $35.5 million; EPS $1.33
Westamerica Bancorporation reported second quarter 2024 net income of $35.5 million, or $1.33 per diluted share, down from $40.2 million and $1.51 per share in the second quarter of 2023. Results also declined from the first quarter of 2024, when net income was $36.4 million and EPS was $1.37. The company recorded no provision for credit losses and raised its quarterly dividend to $0.44 per share from $0.42 a year earlier.
Key points
- Net income of $35.5 million versus $40.2 million in Q2 2023, a decline of 11.9%
- Diluted EPS of $1.33 versus $1.51 a year earlier and $1.37 in Q1 2024
- Net interest income (FTE) of $64.1 million, down 8.8% from $70.3 million in Q2 2023
- Dividend of $0.44 per share, up from $0.42 in Q2 2023; annualized return on average common equity of 14.4% versus 18.4%
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.