WABC Q1 2024 Earnings — Westamerica Bancorporation Revenue & Financial Results | Market Cap Arena

WABCWestamerica Bancorporation

$1B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$79M-1.7% YoY

Gross Profit

$76M95.8% margin

Operating Income

$49M62.7% margin

Net Income

$36M46.2% margin

EPS (Diluted)

$1.37

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

$52M

Stock-Based Comp.

$364,000

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$5.7B

Stockholders' Equity

$792M

Cash & Equivalents

$434M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$79M	$80M	-1.7%
Gross Profit	$76M	$81M	-7.0%
Operating Income	$49M	$55M	-10.2%
Net Income	$36M	$40M	-10.0%

Revenue Segments

Deposit Account

$3M37%

Credit Card, Merchant Discount

$3M27%

Debit Card

$2M17%

Fiduciary and Trust

$794,0008%

ATM Processing Fees

$591,0006%

Financial Service, Other

$438,0005%