Why did Westamerica Bancorporation (NASDAQ:WABC) EPS increase when net income was flat?

Westamerica Bancorporation (NASDAQ:WABC) reported $1.17 diluted EPS because its average diluted share count fell to 23.3 million, from 24.3 million in Q1 and 25.9 million one year earlier.

What are Westamerica Bancorporation’s (NASDAQ:WABC) second-quarter earnings?

Westamerica Bancorporation (NASDAQ:WABC) reported Q2 2026 net income of $27.4 million and diluted EPS of $1.17, compared with $27.4 million and $1.13 in Q1.

How is Westamerica Bancorporation’s (NASDAQ:WABC) net interest margin performing?

Westamerica Bancorporation (NASDAQ:WABC) reported a 3.77% net interest margin, up from 3.74% in Q1 but down from 3.85% one year earlier.

What does Westamerica Bancorporation’s (NASDAQ:WABC) credit quality mean for the quarter?

Westamerica Bancorporation (NASDAQ:WABC) reported $808,000 of nonperforming assets and recorded no provision for credit losses, while its loan-loss allowance declined to $10.8 million.

What are Westamerica Bancorporation’s (NASDAQ:WABC) shareholder returns?

Westamerica Bancorporation (NASDAQ:WABC) paid a $0.48 quarterly dividend and repurchased 753,000 common shares during Q2 2026.

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Westamerica posts $27.4 million Q2 profit

Written by Mahathir BayenaPublished Jul 16, 2026, 3:28 PM

Westamerica Bancorporation (NASDAQ:WABC) reported a second quarter 2026 net income of $27.4 million, reflecting stable earnings per share of $1.17.
The company’s share price was up 3.12% at $60.86 following the release of the quarterly financial data.
Management maintained stable noninterest expenses while focusing on share repurchases and dividend distributions for common shareholders.

Westamerica Bancorporation (NASDAQ:WABC) reported second-quarter net income of $27.4 million and diluted EPS of $1.17, compared with $1.13 in Q1.

Net income fell 5.8% year over year, while net interest income declined 3.5% as average loans decreased 10.4%.

Noninterest income rose to $10.3 million, expenses remained near $26 million, and no credit-loss provision was recorded.

Westamerica’s 3.77% net interest margin reflected a 4.01% earning-asset yield and a 0.24% funding cost during the quarter.

The company raised its dividend to $0.48 in April and expanded its repurchase authorization by two million shares later that month.