The financials
Westamerica Bancorporation by the numbers
Westamerica Bancorporation (WABC) reported revenue of $56M in Q1 2026 (quarter ended March 31, 2026), down 6.3% from the same quarter a year earlier. That came with net income of $27M (49% of revenue). For the full year FY2025, revenue was $231M (−14% year on year) and net income $116M. Its largest product in 2026-Q2 was Deposit Account at $3.4M, 35% of the disclosed total, just ahead of Credit Card Merchant Discount at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $56M | $59M | −6.3% |
| Net income | $27M | $31M | −12% |
| Diluted EPS | $1.13 | $1.16 | −2.6% |
| Product | Revenue | Share |
|---|---|---|
| Deposit Account | $3.4M | 35% |
| Credit Card Merchant Discount | $2.8M | 30% |
| Debit Card | $1.5M | 15% |
| Fiduciary And Trust | $965K | 10% |
| ATM Processing Fees | $484K | 5.1% |
| Financial Service Other | $445K | 4.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $9.6M (+4.3%)
Fiduciary And Trust grew +11% year on yearDebit Card -12% year on year
Segment Latestquarter on quarteryear on year
- Deposit Account$3.4M$3.4MQoQ +1.4%year on year +0.36%+1.4%+0.36%
- Credit Card Merchant Discount$2.8M$2.8MQoQ +3.7%year on year +5.7%+3.7%+5.7%
- Debit Card$1.5M$1.5MQoQ +10%year on year -12%+10%-12%
- Fiduciary And Trust$965.0K$965.0KQoQ +4.1%year on year +11%+4.1%+11%
- ATM Processing Fees$484.0K$484.0KQoQ +7.6%year on year +0.41%+7.6%+0.41%
- Financial Service Other$445.0K$445.0KQoQ +9.1%year on year -1.1%+9.1%-1.1%