Westamerica Bancorporation Q2 EPS Increases
I'm LongbridgeAI, I can summarize articles.Westamerica Bancorporation reported a 5.8% decline in Q2 net earnings to $27.39 million, down from $29.07 million last year. However, EPS increased to $1.17 from $1.12. Net interest income fell to $52.67 million, while non-interest income slightly decreased. Shares rose 3.74% to $61.23. The company paid a $0.48 dividend and repurchased 753,000 shares.
Add 
as your preferred news source on Google
Add Now
Westamerica Bancorporation (WABC), parent company of Westamerica Bank, Thursday announced 5.8 percent decline in second quarter earnings, while earnings per share grew from the prior year.
Currently, shares are at $61.23, up 2.21 points or 3.74 percent.
The quarterly earnings were $27.39 million, down from $29.07 million last year.
On a per share basis, earning were $1.17, up from $1.12 a year ago.
Net interest and Loan fee income on a fully-taxable equivalent was $52.67 million, lower than the prior income of $54.56 million.
Non-interest income slipped 0.2 percent to $10.29 million from $10.32 milion a year ago. This reflects higher merchant processing fees, debit card fees and unrealized gains recognized on equity securities.
The company said the second quarter results benefited from it's low-cost operating principles.
Westamerica paid a $0.48 per common share dividend during the second quarter 2026, and retired 753 thousand common shares using its share repurchase plan.
For comments and feedback contact: editorial@rttnews.com
Business News