WABC Q1 2023 Earnings — Westamerica Bancorporation Revenue & Financial Results | Market Cap Arena

WABCWestamerica Bancorporation

$1B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$80M+44.9% YoY

Gross Profit

$81M101.3% margin

Operating Income

$55M68.7% margin

Net Income

$40M50.5% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$55M

Stock-Based Comp.

$339,000

Balance Sheet

Total Assets

$6.7B

Total Liabilities

$6.1B

Stockholders' Equity

$643M

Cash & Equivalents

$195M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$55M	+44.9%
Gross Profit	$81M	$55M	+48.1%
Operating Income	$55M	$30M	+83.6%
Net Income	$40M	$23M	+78.9%

Revenue Segments

Deposit Account

$3M36%

Credit Card, Merchant Discount

$3M27%

Debit Card

$2M17%

Fiduciary and Trust

$765,0008%

ATM Processing Fees

$654,0007%

Financial Service, Other

$399,0004%

Financial Services Commission

$89,0001%