Westamerica Historical Income Statement

WABC Stock

USD 57.23 0.31 0.54%

Historical analysis of Westamerica Bancorporation income statement accounts such as Interest Expense of 3.7 M, Other Operating Expenses of 86.8 M, Operating Income of 133.1 M or Ebit of 134.8 M can show how well Westamerica Bancorporation performed in making a profits. Evaluating Westamerica Bancorporation income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Westamerica Bancorporation's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Westamerica Bancorporation latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Westamerica Bancorporation is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westamerica Bancorporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.

About Westamerica Income Statement Analysis

Westamerica Bancorporation Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Westamerica Bancorporation shareholders. The income statement also shows Westamerica investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Westamerica Bancorporation Income Statement Chart

At present, Westamerica Bancorporation's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 169.9 M, whereas Interest Expense is forecasted to decline to about 3.7 M.

Other Operating Expenses Operating Income Ebitda Net Income

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Westamerica Bancorporation. It is also known as Westamerica Bancorporation overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Westamerica Bancorporation operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Westamerica Bancorporation is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Westamerica Bancorporation financial statement analysis. It represents the amount of money remaining after all of Westamerica Bancorporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Westamerica Bancorporation's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Westamerica Bancorporation current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westamerica Bancorporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.At present, Westamerica Bancorporation's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 169.9 M, whereas Interest Expense is forecasted to decline to about 3.7 M.

	2021	2022	2023	2024 (projected)
Operating Income	117.0M	167.5M	221.6M	133.1M
Other Operating Expenses	97.8M	2.6M	82.6M	86.8M

Operating Income Other Operating Expenses

Westamerica Bancorporation income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Non Recurring	Reconciled Depreciation	Extraordinary Items	Non Operating Income Net Other	Selling And Marketing Expenses
Interest Expense		-0.24	0.43	0.38	0.39	0.34	0.33	0.31	0.44	0.68	0.6	0.6	0.32	0.14	-0.18	0.09	-0.12	-0.05	-0.05	-0.13	0.15	0.15	0.15	-0.13
Other Operating Expenses	-0.24		0.22	0.31	0.3	-0.44	0.44	0.34	0.15	0.21	0.19	0.19	0.42	0.54	-0.31	0.29	0.31	0.44	0.43	-0.37	-0.59	0.36	0.36	-0.37
Operating Income	0.43	0.22		0.99	0.99	0.35	0.85	0.87	0.58	0.39	0.94	0.94	0.86	0.6	-0.64	0.64	0.77	0.78	0.78	-0.41	-0.47	0.65	0.65	-0.41
Ebit	0.38	0.31	0.99		1.0	0.24	0.85	0.85	0.52	0.39	0.94	0.94	0.85	0.56	-0.66	0.64	0.76	0.79	0.79	-0.38	-0.51	0.61	0.61	-0.38
Ebitda	0.39	0.3	0.99	1.0		0.27	0.85	0.86	0.55	0.39	0.94	0.94	0.85	0.57	-0.65	0.64	0.76	0.79	0.79	-0.39	-0.5	0.63	0.63	-0.39
Total Operating Expenses	0.34	-0.44	0.35	0.24	0.27		0.41	0.46	0.77	-0.24	0.16	0.16	0.45	0.45	0.12	0.36	0.37	0.32	0.33	-0.62	0.05	0.62	0.62	-0.62
Net Income	0.33	0.44	0.85	0.85	0.85	0.41		0.93	0.76	0.3	0.76	0.76	0.99	0.83	-0.52	0.65	0.7	0.8	0.8	-0.77	-0.59	0.76	0.76	-0.77
Income Tax Expense	0.31	0.34	0.87	0.85	0.86	0.46	0.93		0.73	0.31	0.74	0.74	0.96	0.78	-0.58	0.54	0.79	0.73	0.73	-0.73	-0.55	0.72	0.72	-0.73
Depreciation And Amortization	0.44	0.15	0.58	0.52	0.55	0.77	0.76	0.73		0.09	0.42	0.42	0.77	0.76	-0.14	0.53	0.5	0.57	0.57	-0.87	-0.32	0.86	0.86	-0.87
Selling General Administrative	0.68	0.21	0.39	0.39	0.39	-0.24	0.3	0.31	0.09		0.6	0.6	0.28	0.12	-0.63	-0.23	-0.17	-0.15	-0.15	0.01	-0.03	-0.11	-0.11	0.01
Total Revenue	0.6	0.19	0.94	0.94	0.94	0.16	0.76	0.74	0.42	0.6		1.0	0.75	0.42	-0.67	0.5	0.54	0.59	0.59	-0.22	-0.37	0.41	0.41	-0.22
Gross Profit	0.6	0.19	0.94	0.94	0.94	0.16	0.76	0.74	0.42	0.6	1.0		0.75	0.42	-0.67	0.5	0.54	0.59	0.59	-0.22	-0.37	0.41	0.41	-0.22
Income Before Tax	0.32	0.42	0.86	0.85	0.85	0.45	0.99	0.96	0.77	0.28	0.75	0.75		0.84	-0.51	0.65	0.74	0.8	0.8	-0.78	-0.59	0.77	0.77	-0.78
Total Other Income Expense Net	0.14	0.54	0.6	0.56	0.57	0.45	0.83	0.78	0.76	0.12	0.42	0.42	0.84		-0.33	0.55	0.61	0.69	0.69	-0.88	-0.46	0.87	0.87	-0.88
Cost Of Revenue	-0.18	-0.31	-0.64	-0.66	-0.65	0.12	-0.52	-0.58	-0.14	-0.63	-0.67	-0.67	-0.51	-0.33		0.09	-0.32	-0.25	-0.25	0.15	0.26	-0.15	-0.15	0.15
Net Income From Continuing Ops	0.09	0.29	0.64	0.64	0.64	0.36	0.65	0.54	0.53	-0.23	0.5	0.5	0.65	0.55	0.09		0.75	0.91	0.91	-0.42	-0.54	0.73	0.73	-0.42
Tax Provision	-0.12	0.31	0.77	0.76	0.76	0.37	0.7	0.79	0.5	-0.17	0.54	0.54	0.74	0.61	-0.32	0.75		0.91	0.91	-0.49	-0.6	0.75	0.75	-0.49
Net Interest Income	-0.05	0.44	0.78	0.79	0.79	0.32	0.8	0.73	0.57	-0.15	0.59	0.59	0.8	0.69	-0.25	0.91	0.91		1.0	-0.54	-0.66	0.81	0.81	-0.54
Interest Income	-0.05	0.43	0.78	0.79	0.79	0.33	0.8	0.73	0.57	-0.15	0.59	0.59	0.8	0.69	-0.25	0.91	0.91	1.0		-0.54	-0.66	0.81	0.81	-0.54
Non Recurring	-0.13	-0.37	-0.41	-0.38	-0.39	-0.62	-0.77	-0.73	-0.87	0.01	-0.22	-0.22	-0.78	-0.88	0.15	-0.42	-0.49	-0.54	-0.54		0.41	-0.8	-0.8	1.0
Reconciled Depreciation	0.15	-0.59	-0.47	-0.51	-0.5	0.05	-0.59	-0.55	-0.32	-0.03	-0.37	-0.37	-0.59	-0.46	0.26	-0.54	-0.6	-0.66	-0.66	0.41		-0.45	-0.45	0.41
Extraordinary Items	0.15	0.36	0.65	0.61	0.63	0.62	0.76	0.72	0.86	-0.11	0.41	0.41	0.77	0.87	-0.15	0.73	0.75	0.81	0.81	-0.8	-0.45		1.0	-0.8
Non Operating Income Net Other	0.15	0.36	0.65	0.61	0.63	0.62	0.76	0.72	0.86	-0.11	0.41	0.41	0.77	0.87	-0.15	0.73	0.75	0.81	0.81	-0.8	-0.45	1.0		-0.8
Selling And Marketing Expenses	-0.13	-0.37	-0.41	-0.38	-0.39	-0.62	-0.77	-0.73	-0.87	0.01	-0.22	-0.22	-0.78	-0.88	0.15	-0.42	-0.49	-0.54	-0.54	1.0	0.41	-0.8	-0.8

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Westamerica Bancorporation Account Relationship Matchups

Westamerica Bancorporation income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	1.9M	1.8M	2.0M	1.9M	3.9M	3.7M
Other Operating Expenses	99.0M	99.3M	97.8M	2.6M	82.6M	86.8M
Operating Income	105.2M	106.8M	117.0M	167.5M	221.6M	133.1M
Ebit	105.2M	121.9M	128.6M	179.3M	221.6M	134.8M
Ebitda	105.8M	125.9M	131.9M	182.2M	233.4M	140.4M
Total Operating Expenses	(99.0M)	(99.3M)	(97.8M)	2.6M	82.6M	86.8M
Net Income	80.4M	80.4M	86.5M	122.0M	161.8M	169.9M
Income Tax Expense	24.8M	26.4M	30.5M	43.6M	59.8M	62.8M
Depreciation And Amortization	538K	4.0M	3.2M	2.9M	11.8M	12.4M
Selling General Administrative	60.5M	60.2M	57.6M	46.1M	47.9M	56.0M
Total Revenue	204.2M	206.1M	214.8M	265.0M	284.0M	209.4M
Gross Profit	204.2M	206.1M	214.8M	265.0M	284.0M	209.4M
Income Before Tax	105.2M	106.8M	117.0M	165.6M	221.6M	232.7M
Total Other Income Expense Net	105.2M	(14.3M)	(15.6M)	(17.5M)	221.6M	232.7M
Net Income Applicable To Common Shares	80.4M	80.4M	86.5M	122.0M	109.8M	66.7M
Net Income From Continuing Ops	80.4M	80.4M	86.5M	122.0M	161.6M	91.3M
Tax Provision	24.8M	26.4M	30.5M	43.6M	59.2M	34.2M
Net Interest Income	156.8M	164.0M	171.5M	219.8M	279.5M	188.1M
Interest Income	158.7M	165.9M	173.4M	221.8M	282.2M	190.4M
Reconciled Depreciation	20.6M	22.6M	269K	16.6M	11.6M	14.0M

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When determining whether Westamerica Bancorporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westamerica Bancorporation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Westamerica Bancorporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westamerica Bancorporation Stock:

How To Invest In Westamerica

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Is Westamerica Stock a good investment?

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What is Westamerica Bancorporation's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.

You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Westamerica Bancorporation. If investors know Westamerica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Westamerica Bancorporation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.16)

Dividend Share

1.76

Earnings Share

5.49

Revenue Per Share

11.398

Quarterly Revenue Growth

(0.10)

The market value of Westamerica Bancorporation is measured differently than its book value, which is the value of Westamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Westamerica Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Westamerica Bancorporation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Westamerica Bancorporation's market value can be influenced by many factors that don't directly affect Westamerica Bancorporation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Westamerica Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westamerica Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westamerica Bancorporation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Westamerica Historical Income Statement

About Westamerica Income Statement Analysis

Westamerica Bancorporation Income Statement Chart

Other Operating Expenses

Operating Income

Net Income

Westamerica Bancorporation income statement Correlations

Westamerica Bancorporation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westamerica Bancorporation income statement Accounts

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Ebitda	+ 1.0	Ebit
Gross Profit	+ 1.0	Total Revenue
Interest Income	+ 1.0	Net Interest Income
Selling And Marketing Expenses	+ 1.0	Non Recurring
Non Operating Income Net Other	+ 1.0	Extraordinary Items
Ebit	+ 0.99	Operating Income

Selling And Marketing Expenses	- 0.88	Total Other Income Expense Net
Non Recurring	- 0.88	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.87	Depreciation And Amortization
Non Recurring	- 0.87	Depreciation And Amortization
Selling And Marketing Expenses	- 0.8	Non Operating Income Net Other
Selling And Marketing Expenses	- 0.8	Extraordinary Items