Trade Westamerica BanCorp - WABC CFD

About Westamerica Bancorporation

Westamerica Bancorporation is a bank holding company. The Company provides a range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the Bank). The communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. It provides a range of loans, including commercial loans, commercial real estate loans, real estate construction loans, residential real estate loans and consumer installment and other loans. The Company maintains an investment securities portfolio consisting of securities issued by United States Government sponsored entities, agency and non-agency mortgage-backed securities, state and political subdivisions, corporations, collateralized loan obligations, commercial paper and other securities.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Westamerica Bancorporation interest income increased 5% to $173.4M. Net interest income after loan loss provision increased 5% to $171.5M. Net income increased 8% to $86.5M. Net interest income after loan loss provision reflects Financial service operations segment increase from $0K to $171.5M. Net income benefited from Salaries and related benefits decrease of 5% to $48M (expense).

Equity composition

Common Stock no Par, 04/11, 150M auth, 29,009,907 Issd., Insiders & Strategic holders own 4.01%. PO: 10/79, 2M shares @ $18 byDavis, Skaggs & Co. *4/93, changed from AMEX to NASDAQ. *4/97, merged with ValliCorp Holdings issuing .349 Common stock for 1 ValliCorp stock. FY'01 Summ.Q Revenues are as reported.