(WABC) Westamerica Bancorporation - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.303m USD | Total Return: 18.9% in 12m

Commercial Loans, Real Estate Loans, Deposit Accounts, Consumer Loans
Total Rating 43
Safety 27
Buy Signal 0.39
Banks - Regional
Industry Rotation: +1.2
Market Cap: 1.30B
Avg Turnover: 9.11M
Risk 3d forecast
Volatility25.0%
VaR 5th Pctl4.15%
VaR vs Median0.89%
Reward TTM
Sharpe Ratio0.65
Rel. Str. IBD57.7
Rel. Str. Peer Group53.5
Character TTM
Beta0.724
Beta Downside0.906
Hurst Exponent0.418
Drawdowns 3y
Max DD24.68%
CAGR/Max DD0.68
CAGR/Mean DD1.53
EPS (Earnings per Share) EPS (Earnings per Share) of WABC over the last years for every Quarter: "2021-03": 0.75, "2021-06": 0.84, "2021-09": 0.82, "2021-12": 0.81, "2022-03": 0.84, "2022-06": 0.94, "2022-09": 1.26, "2022-12": 1.46, "2023-03": 1.51, "2023-06": 1.51, "2023-09": 1.56, "2023-12": 1.48, "2024-03": 1.37, "2024-06": 1.33, "2024-09": 1.27, "2024-12": 1.19, "2025-03": 1.16, "2025-06": 1.12, "2025-09": 1.12, "2025-12": 1.12, "2026-03": 1.13,
EPS CAGR: -11.66%
EPS Trend: -95.4%
Last SUE: 3.14
Qual. Beats: 5
Revenue Revenue of WABC over the last years for every Quarter: 2021-03: 52.505, 2021-06: 55.308, 2021-09: 55.092, 2021-12: 53.883, 2022-03: 55.335, 2022-06: 59.261, 2022-09: 72.62, 2022-12: 79.661, 2023-03: 80.173, 2023-06: 81.189, 2023-09: 84.129, 2023-12: 82.044, 2024-03: 78.843, 2024-06: 79.572, 2024-09: 79.719, 2024-12: 73.035, 2025-03: 69.812, 2025-06: 67.782, 2025-09: 67.457, 2025-12: 66.791, 2026-03: 65.377,
Rev. CAGR: -7.19%
Rev. Trend: -89.2%
Last SUE: 4.00
Qual. Beats: 2

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: WABC Westamerica Bancorporation

Westamerica Bancorporation (WABC) is a regional bank holding company headquartered in San Rafael, California, operating primarily through its subsidiary, Westamerica Bank. Founded in 1884, the institution focuses on providing traditional banking services, including deposit products and a diverse loan portfolio encompassing commercial, residential, and consumer lending.

The company utilizes a relationship-based business model, targeting small businesses and professionals within its localized geographic footprint. Regional banks like Westamerica often rely on low-cost deposit bases to fund their lending activities, maintaining a spread between interest earned on loans and interest paid to depositors. This sector is heavily influenced by interest rate cycles and regional economic conditions in the Western United States.

Investors can further evaluate these financial metrics and growth trends on ValueRay. Westamericas long operational history reflects a conservative approach to credit risk and capital management typical of established community-oriented banks.

Headlines to Watch Out For
  • Net interest margin sensitivity to Federal Reserve interest rate policy shifts
  • Low-cost deposit base stability among Northern California small business clients
  • Commercial real estate loan portfolio performance in suburban California markets
  • Operating efficiency ratios driven by disciplined non-interest expense management
  • Credit quality trends within the indirect automobile and construction loan segments
Piotroski VR-10 (Strict) 5.0
Net Income: 112.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.41 > 1.0
NWC/Revenue: -1.70k% < 20% (prev -1.01k%; Δ -693.4% < -1%)
CFO/TA 0.02 > 3% & CFO 119.2m > Net Income 112.5m
Net Debt (-210.8m) to EBITDA (157.5m): -1.34 < 3
Current Ratio: 0.09 > 1.5 & < 3
Outstanding Shares: last quarter (24.3m) vs 12m ago -8.77% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 4.52% > 50% (prev 5.06%; Δ -0.54% > 0%)
Interest Coverage Ratio: 11.12 > 6 (EBITDA TTM 157.5m / Interest Expense TTM 13.6m)
Altman Z'' -4.41
A: -0.77 (Total Current Assets 434.0m - Total Current Liabilities 4.98b) / Total Assets 5.86b
B: 0.10 (Retained Earnings 567.6m / Total Assets 5.86b)
C: 0.03 (EBIT TTM 151.3m / Avg Total Assets 5.92b)
D: 0.18 (Book Value of Equity 882.7m / Total Liabilities 4.98b)
Altman-Z'' = -4.41 = D
Beneish M -2.90
DSRI: 0.99 (Receivables 36.8m/42.1m, Revenue 267.4m/302.1m)
GMI: 0.99 (GM 95.02% / 94.29%)
AQI: 1.38 (AQ_t 0.92 / AQ_t-1 0.67)
SGI: 0.89 (Revenue 267.4m / 302.1m)
TATA: -0.00 (NI 112.5m - CFO 119.2m) / TA 5.86b)
Beneish M = -2.90 (Cap -4..+1) = A
What is the price of WABC shares?

As of May 24, 2026, the stock is trading at USD 55.47 with a total of 168,670 shares traded.
Over the past week, the price has changed by +2.94%, over one month by +3.59%, over three months by +8.88% and over the past year by +18.87%.

Is WABC a buy, sell or hold?

Westamerica Bancorporation has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold WABC.

  • StrongBuy: 0
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the WABC price?
Analysts Target Price 58 4.6%
Westamerica Bancorporation (WABC) - Fundamental Data Overview as of 23 May 2026
P/E Trailing = 12.3541
P/E Forward = 21.097
P/S = 5.1311
P/B = 1.475
P/EG = 4.6222
Revenue TTM = 267.4m USD
EBIT TTM = 151.3m USD
EBITDA TTM = 157.5m USD
Long Term Debt = 16.3m USD (estimated: total debt 165.5m - short term 149.2m)
Short Term Debt = 149.2m USD (from shortTermDebt, last quarter)
Debt = 186.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.0m
Net Debt = -210.8m USD (calculated: Debt 186.5m - CCE 397.3m)
Enterprise Value = 1.09b USD (1.30b + Debt 186.5m - CCE 397.3m)
Interest Coverage Ratio = 11.12 (Ebit TTM 151.3m / Interest Expense TTM 13.6m)
EV/FCF = 9.41x (Enterprise Value 1.09b / FCF TTM 116.1m)
FCF Yield = 10.63% (FCF TTM 116.1m / Enterprise Value 1.09b)
FCF Margin = 43.42% (FCF TTM 116.1m / Revenue TTM 267.4m)
Net Margin = 42.07% (Net Income TTM 112.5m / Revenue TTM 267.4m)
 Gross Margin = unknown ((Revenue TTM 267.4m - Cost of Revenue TTM 13.3m) / Revenue TTM)
 Tobins Q-Ratio = 0.19 (Enterprise Value 1.09b / Total Assets 5.86b)
Interest Expense / Debt = 7.30% (Interest Expense 13.6m / Debt 186.5m)
Taxrate = 25.00% (9.12m / 36.5m)
NOPAT = 113.5m (EBIT 151.3m * (1 - 25.00%))
Current Ratio = 0.04 (Total Current Assets 434.0m / Total Current Liabilities 10.9b)
Debt / Equity = 0.21 (Debt 186.5m / totalStockholderEquity, last quarter 882.7m)
Debt / EBITDA = -1.34 (Net Debt -210.8m / EBITDA 157.5m)
Debt / FCF = -1.82 (Net Debt -210.8m / FCF TTM 116.1m)
Total Stockholder Equity = 917.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.90% (Net Income 112.5m / Total Assets 5.86b)
RoE = 12.26% (Net Income TTM 112.5m / Total Stockholder Equity 917.4m)
RoCE = 16.21% (EBIT 151.3m / Capital Employed (Equity 917.4m + L.T.Debt 16.3m))
RoIC = 2.08% (NOPAT 113.5m / Invested Capital 5.47b)
WACC = 8.15% (E(1.30b)/V(1.49b) * Re(8.53%) + D(186.5m)/V(1.49b) * Rd(7.30%) * (1-Tc(0.25)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.56 | Cagr: -4.03%
[DCF] Terminal Value 73.10% ; FCFF base≈126.6m ; Y1≈111.0m ; Y5≈89.7m
[DCF] Fair Price = 70.27 (EV 1.44b - Net Debt -210.8m = Equity 1.65b / Shares 23.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -95.36 | EPS CAGR: -11.66% | SUE: 3.14 | # QB: 5
Revenue Correlation: -89.20 | Revenue CAGR: -7.19% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.10 | Chg30d=+4.27% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.10 | Chg30d=+4.25% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=4.45 | Chg30d=+4.47% | Revisions=+33% | GrowthEPS=-1.7% | GrowthRev=-4.5%
EPS next Year (2027-12-31): EPS=4.29 | Chg30d=+2.26% | Revisions=+20% | GrowthEPS=-3.4% | GrowthRev=-3.5%
[Analyst] Revisions Ratio: +33%