Every material Form 8-K Westamerica Bank filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Westamerica Bancorporation reported third quarter 2025 net income of $28.3 million and diluted EPS of $1.12, down from $35.1 million and $1.31 a year earlier, though flat on EPS and little changed on net income from the second quarter's $29.1 million. Net interest income fell 13.8% year over year to $53.8 million, and the company recorded no provision for credit losses, while it paid a $0.46 dividend and retired 488 thousand shares.
Third quarter 2025 net income was $28.3 million, down 19.4% from $35.1 million in the third quarter of 2024.
Diluted EPS was $1.12, compared with $1.31 a year earlier and $1.12 in the second quarter of 2025.
Net interest income on an FTE basis was $53.8 million, down from $62.5 million a year earlier.
For the nine months ended September 30, 2025, net income was $88.4 million, down 17.4% from $106.9 million.
Westamerica Bancorporation said director E. Joseph Bowler notified the company on August 11, 2025, that he will retire from its Board of Directors effective September 25, 2025. The filing states he did not disagree with the company on any matter relating to its operations, policies or practices, and it does not name a successor.
E. Joseph Bowler notified the company of his retirement on August 11, 2025, effective September 25, 2025
Bowler served on the board since 2003 and on the Audit, Loan and Investment, and Nominating committees
Filing states Bowler reported no disagreement with the company on operations, policies or practices
Westamerica Bancorporation reported second quarter 2025 net income of $29.1 million, or $1.12 per diluted share, down from $35.5 million and $1.33 a year earlier, and down from $31.0 million and $1.16 in the first quarter. Net interest income fell 14.9% year over year, and the company recorded no provision for credit losses in the quarter. For shareholders, the results show lower earnings year over year, while the company paid a $0.46 per share dividend and retired 773 thousand shares.
Net income of $29.1 million versus $35.5 million in Q2 2024 (down 18.0%) and $31.0 million in Q1 2025
Diluted EPS of $1.12 versus $1.33 in Q2 2024 (down 15.8%) and $1.16 in Q1 2025
Net interest income (FTE) of $54.6 million, down 14.9% from $64.1 million a year earlier; no provision for credit losses in Q2 2025 versus a $550 thousand reversal in Q1 2025
Dividend of $0.46 per share paid and 773 thousand common shares retired in Q2 2025; annualized return on common equity of 11.2%
Westamerica Bancorporation reported first quarter 2025 net income of $31.0 million and diluted earnings per share of $1.16, down from $36.4 million and $1.37 a year earlier, and slightly below the $31.7 million and $1.19 of the fourth quarter 2024. Net interest income fell 14.7% year over year, and a $550 thousand reversal of credit loss provision added $0.01 to EPS, so the lower earnings reflect weaker core interest income.
Net income $31.0 million versus $36.4 million in Q1 2024 (down 14.8%); diluted EPS $1.16 versus $1.37 (down 15.3%).
Net interest income (FTE) $56.4 million versus $66.1 million in Q1 2024 (down 14.7%).
A $550 thousand reversal of provision for credit losses added $0.01 to EPS.
Dividend of $0.44 per common share paid in the quarter, unchanged from a year earlier; return on common equity 11.9%.
Westamerica Bancorporation said Senior Vice President and Treasurer John “Robert” A. Thorson will retire effective January 24, 2025, after more than 35 years of service. The company named John Sousa to succeed him as Senior Vice President and Treasurer effective January 27, 2025. The change is an internal management succession that the filing does not tie to any financial result.
Robert Thorson retires as Senior Vice President and Treasurer effective January 24, 2025, after over 35 years of service
John Sousa appointed Senior Vice President and Treasurer effective January 27, 2025
Sousa joined the company in July 2024 as Vice President and Assistant Treasurer
Before joining, Sousa spent over thirteen years at Bank of the West handling investment portfolio management, wholesale funding and derivatives execution
Westamerica Bancorporation reported fourth quarter 2024 net income of $31.7 million, or $1.19 per diluted share, down from $39.5 million, or $1.48 per share, a year earlier. The decline reflected lower net interest income, which fell 15.0% year over year, and results were also lower than the $35.1 million net income reported for the third quarter of 2024. The company paid a $0.44 per common share dividend in the quarter.
Q4 2024 net income was $31.7 million, down 19.7% from $39.5 million in Q4 2023 and down from $35.1 million in Q3 2024.
Diluted EPS was $1.19, compared with $1.48 in Q4 2023 and $1.31 in Q3 2024; a tax provision adjustment reduced EPS by $0.01.
Net interest income on an FTE basis was $59.2 million, down 15.0% from $69.7 million a year earlier; net interest margin was 4.01% versus 4.41%.
Full-year 2024 net income was $138.6 million, or $5.20 per diluted share, down 14.3% and 14.2%, respectively, from 2023.
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.
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