Westamerica Bancorp's Q3 net income falls 19.4%
Westamerica Bancorp reported a 19.4% decline in Q3 net income, falling to $28.3 million from $29.1 million in Q2, with diluted EPS remaining steady at $1.12. The company repurchased 488,000 shares and maintained high capital ratios. Key drivers included low-cost operations and no provision for credit losses. Analysts rate the stock as a "hold" with a median 12-month price target of $53.00, reflecting a potential upside of 12.3% from its recent closing price of $46.47.
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Overview
- Westamerica Q3 net income declines slightly to $28.3 mln from $29.1 mln in Q2
- Diluted EPS remains unchanged at $1.12 for Q3 compared to Q2
- Company repurchased 488 thousand shares, maintaining high capital ratios
Outlook
- The company did not provide specific guidance for future quarters or the fiscal year in the press release.
Result Drivers
- LOW-COST OPERATIONS - Westamerica’s Q3 results benefited from low-cost operating principles, with a funding cost of 0.26%
- NO CREDIT LOSS PROVISION - Company recognized no provision for credit losses in Q3 2025
- OPERATING EFFICIENCY - Operating costs were 40% of revenue, contributing to Q3 results
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS $1.12
Q3 Net $28.30
Income mln
Q3 Net $53.80
Interest mln
Income
Analyst Coverage
- The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the banks peer group is “buy.”
- Wall Street’s median 12-month price target for Westamerica Bancorp is $53.00, about 12.3% above its October 15 closing price of $46.47
- The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
