WESTAMERICA BANCORPORATION (WABC) [Rocket]

Overview

WESTAMERICA BANCORPORATION (WABC)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/29/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
08/08/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/07/2023	4	Belton Curtis (Vice President/General Auditor) has filed a Form 4 on WESTAMERICA BANCORPORATION
07/27/2023	4	Belton Curtis (Vice President/General Auditor) has filed a Form 4 on WESTAMERICA BANCORPORATION
07/27/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
07/20/2023	8-K	Quarterly results
06/29/2023	11-K	Form 11-K - Annual report of employee stock purchase, savings and similar plans:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	214.8	205.4	204.2	197.9	193.0	180.4	182.0	185.8
Revenue growth	4.6%	0.6%	3.2%	2.5%	7.0%	-0.9%	-2.0%	-6.5%
Cost of goods sold	67.2	70.4	71.3	72.7	70.9	70.5	71.6	69.8
Gross profit	147.7	135.0	132.9	125.2	122.1	109.9	110.4	116.0
Gross margin	68.7%	65.7%	65.1%	63.3%	63.2%	60.9%	60.7%	62.4%
Selling, general and administrative								10.8
General and administrative	12.9	11.8	11.9	12.1	11.2	12.5	10.9	2.3
EBITA	134.8	126.7	121.0	113.2	110.9	97.4	99.5	101.1
EBITA margin	62.8%	61.7%	59.2%	57.2%	57.4%	54.0%	54.7%	54.4%
Amortization of intangibles	0.3	0.3	0.5	1.9	3.1	3.5	3.9	4.3
EBIT	134.6	126.4	120.4	111.2	107.8	93.9	95.6	96.8
EBIT margin	62.6%	61.5%	59.0%	56.2%	55.9%	52.0%	52.5%	52.1%
Pre-tax income	117.0	106.8	105.2	91.0	87.2	80.0	76.7	79.0
Income taxes	30.5	26.4	24.8	19.4	37.1	21.1	17.9	18.3
Tax rate	26.1%	24.7%	23.6%	21.4%	42.6%	26.4%	23.4%	23.2%
Net income	86.5	80.4	80.4	71.6	50.0	58.9	58.8	60.6
Net margin	40.3%	39.2%	39.4%	36.2%	25.9%	32.6%	32.3%	32.6%

Diluted EPS	$3.22	$2.98	$2.98	$2.67	$1.89	$2.29	$2.30	$2.32
Shares outstanding (diluted)	26.9	27.0	27.0	26.8	26.4	25.7	25.6	26.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.