Overview
Westamerica Q3 net income declines slightly to $28.3 mln from $29.1 mln in Q2
Diluted EPS remains unchanged at $1.12 for Q3 compared to Q2
Company repurchased 488 thousand shares, maintaining high capital ratios
Outlook
The company did not provide specific guidance for future quarters or the fiscal year in the press release.
Result Drivers
LOW-COST OPERATIONS - Westamerica's Q3 results benefited from low-cost operating principles, with a funding cost of 0.26%
NO CREDIT LOSS PROVISION - Company recognized no provision for credit losses in Q3 2025
OPERATING EFFICIENCY - Operating costs were 40% of revenue, contributing to Q3 results
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$1.12
Q3 Net Income
$28.30 mln
Q3 Net Interest Income
$53.80 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Westamerica Bancorp is $53.00, about 12.3% above its October 15 closing price of $46.47
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nGNX8B7tWH
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
