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AI brief of an SEC Form 8-K · Westamerica Bank (WABC)

Westamerica Q1 2026 net income falls 11.9% to $27.4 million; EPS $1.13

Negative Impact 3 of 5 earnings Written later

Westamerica Bancorporation reported first quarter 2026 net income of $27.4 million and diluted EPS of $1.13, down from $31.0 million and $1.16 in the first quarter of 2025, but up slightly in EPS from $1.12 in the fourth quarter of 2025. Net interest income fell 6.6% year over year, and total revenue (FTE) fell 6.6% as well, so the year-over-year profit decline reflects weaker revenue.

Key points

  • Q1 2026 net income was $27.4 million, down 11.9% from $31.0 million in Q1 2025 and down from $27.8 million in Q4 2025.
  • Diluted EPS was $1.13, versus $1.16 in Q1 2025 and $1.12 in Q4 2025.
  • Net interest and loan fee income (FTE) was $52.7 million, down 6.6% from $56.4 million a year earlier.
  • The company paid a $0.46 per share dividend in Q1 2026 and retired 997 thousand shares under its repurchase plan, per the press release.

The filing

CompanyWestamerica Bank (WABC)
Form8-K, current report
Filed with the SECApr 16, 2026, 2:02 PM ET
Accession number0001171843-26-002511

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 April 16, 2026.

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.