Westamerica Q3 2024 net income falls to $35.1 million, EPS $1.31
Westamerica Bancorporation reported third quarter 2024 net income of $35.1 million, or $1.31 diluted earnings per share, down from $41.6 million and $1.56 a year earlier and slightly below the second quarter's $35.5 million and $1.33. Net interest income on a fully taxable equivalent basis fell 13.4% year over year to $62.5 million, and the filing shows the cost of funding rose. Shareholders received a $0.44 per share dividend, unchanged from a year earlier.
Key points
- Net income of $35.1 million and diluted EPS of $1.31, versus $41.6 million and $1.56 in third quarter 2023
- Net interest income (FTE) of $62.5 million, down 13.4% from $72.1 million a year earlier
- Gains from life insurance and sales of other assets added $0.04 to EPS; no provision for credit losses was recognized
- Dividend of $0.44 per common share paid in the third quarter 2024, unchanged from third quarter 2023
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 October 17, 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.