Westamerica Bancorporation(US:WABC) Globenewswire·2026-01-15 16:00Core Insights - Westamerica Bancorporation reported a net income of $27.8 million for Q4 2025, with diluted earnings per share (EPS) of $1.12, reflecting a slight decrease from Q3 2025's net income of $28.3 million and EPS of $1.12 [1][2]. Financial Performance - The net interest income on a fully-taxable equivalent (FTE) basis was $53.5 million for Q4 2025, down from $53.8 million in Q3 2025, with an annualized yield on loans, bonds, and cash at 4.00% compared to 4.06% in the previous quarter [3]. - Noninterest income for Q4 2025 totaled $10.0 million, a decrease from $10.2 million in Q3 2025 [4][21]. - Noninterest expenses were $25.5 million in Q4 2025, slightly down from $25.8 million in Q3 2025 [4]. Asset Quality and Capital - Nonperforming assets remained stable at $1.8 million, with an allowance for credit losses of $11.6 million [2]. - The company maintained capital ratios above the highest regulatory guidelines, indicating strong financial health [2]. Dividends and Share Repurchase - Westamerica paid a dividend of $0.46 per common share during Q4 2025 and repurchased 485,000 common shares [2]. Deposits and Funding - The company’s low-cost deposit base included 46% non-interest bearing checking accounts, with an annualized cost of funding the loan and bond portfolios at 0.24% for Q4 2025 [2][17]. - Total deposits were reported at $4.84 billion, a decrease of 3.8% from the previous quarter [17]. Year-over-Year Comparisons - Year-over-year, net income decreased by 12.3% from $31.7 million in Q4 2024 to $27.8 million in Q4 2025 [10]. - Total loans decreased by 11.5% from $821.8 million in Q4 2024 to $727.5 million in Q4 2025 [15].