WABC (Westamerica Bancorporation) Stock Financials & Earnings | Market Cap Arena

WABC (Westamerica Bancorporation) Stock Financials & Earnings | Market Cap Arena

WABCWestamerica Bancorporation

Mkt Cap$1B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Revenue (TTM)$272M

Net Income (TTM)$116M

EPS (TTM)$4.53

Free Cash Flow (TTM)$119M

Gross Margin95.2%

Op. Margin57.6%

Net Margin42.7%

FCF Margin43.8%

P/S Ratio (TTM)4.6x

P/E Ratio (TTM)10.8x

YoY Rev Growth-12.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$80M	$81M	$55M
Q2 23	$81M	$81M	$55M
Q3 23	$84M	$83M	$57M
Q4 23	$82M	$80M	$55M
Q1 24	$79M	$76M	$49M
Q2 24	$80M	$74M	$48M
Q3 24	$80M	$74M	$48M
Q4 24	$73M	$70M	$44M
Q1 25	$70M	$67M	$42M
Q2 25	$68M	$65M	$39M
Q3 25	$67M	$64M	$38M
Q4 25	$67M	$63M	$38M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.3x	9.0x
Q2 23	4.0x	8.1x
Q3 23	3.9x	7.8x
Q4 23	3.8x	7.7x
Q1 24	3.8x	7.9x
Q2 24	3.9x	8.2x
Q3 24	3.9x	8.6x
Q4 24	4.0x	9.0x
Q1 25	4.1x	9.4x
Q2 25	4.3x	9.9x
Q3 25	4.5x	10.4x
Q4 25	4.6x	10.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$55M	$55M
Q2 23	$53M	$53M
Q3 23	$59M	$58M
Q4 23	-$8M	-$8M
Q1 24	$52M	$52M
Q2 24	$19M	$19M
Q3 24	$41M	$40M
Q4 24	$30M	$29M
Q1 25	$42M	$42M
Q2 25	$24M	$23M
Q3 25	$29M	$29M
Q4 25	$27M	$25M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$511K
Q2 23	$79K
Q3 23	$307K
Q4 23	$264K
Q1 24	$122K
Q2 24	$461K
Q3 24	$494K
Q4 24	$667K
Q1 25	$199K
Q2 25	$735K
Q3 25	$686K
Q4 25	$1M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+44.9%	-0.9%
Q2 23	+37.0%	+5.3%
Q3 23	+15.8%	+7.6%
Q4 23	+3.0%	+6.4%
Q1 24	-1.7%	+17.0%
Q2 24	-2.0%	+18.9%
Q3 24	-5.2%	+17.6%
Q4 24	-11.0%	+7.8%
Q1 25	-11.5%	-4.9%
Q2 25	-14.8%	-8.6%
Q3 25	-15.4%	-7.6%
Q4 25	-8.5%	-1.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$339K	0.4%
Q2 23	$339K	0.4%
Q3 23	$339K	0.4%
Q4 23	$339K	0.4%
Q1 24	$364K	0.5%
Q2 24	$409K	0.5%
Q3 24	$371K	0.5%
Q4 24	$339K	0.5%
Q1 25	$300K	0.4%
Q2 25	$300K	0.4%
Q3 25	$200K	0.3%
Q4 25	$300K	0.4%

OpEx Breakdown

Quarter	G&A
Q1 23	$12M
Q2 23	$12M
Q3 23	$12M
Q4 23	$12M
Q1 24	$13M
Q2 24	$12M
Q3 24	$13M
Q4 24	$12M
Q1 25	$12M
Q2 25	$12M
Q3 25	$22M
Q4 25	$25M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$195M	$4.2B	$4.4B
Q2 23	$266M	$4.0B	$4.3B
Q3 23	$421M	$2.4B	$2.8B
Q4 23	$190M	$4.0B	$4.2B
Q1 24	$434M	$2.5B	$2.9B
Q2 24	$486M	$2.4B	$2.9B
Q3 24	$503M	$2.5B	$3.0B
Q4 24	$601M	$1.3B	$1.9B
Q1 25	$727M	$1.2B	$1.9B
Q2 25	$626M	$1.2B	$1.9B
Q3 25	$659M	$1.3B	$2.0B
Q4 25	$568M	$3.5B	$4.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	27M	-0.2%
Q2 23	27M	-0.8%
Q3 23	27M	+0.0%
Q4 23	27M	+0.1%
Q1 24	27M	+0.0%
Q2 24	27M	+0.0%
Q3 24	27M	+0.0%
Q4 24	27M	+0.1%
Q1 25	27M	-0.2%
Q2 25	26M	-2.8%
Q3 25	25M	-2.1%
Q4 25	25M	-1.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$224K	858
FY 15	$227K	813
FY 16	$233K	783
FY 17	$248K	785
FY 18	$262K	762
FY 19	$280K	737
FY 20	$292K	712
FY 21	$339K	640
FY 22	$449K	594
FY 23	$511K	641
FY 24	$485K	642
FY 25	$434K	627