WABC Q2 2023 Earnings — Westamerica Bancorporation Revenue & Financial Results | Market Cap Arena

WABCWestamerica Bancorporation

$1B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$81M+37.0% YoY

Gross Profit

$81M99.3% margin

Operating Income

$55M67.4% margin

Net Income

$40M49.6% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

$53M

Stock-Based Comp.

$339,000

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$5.9B

Stockholders' Equity

$652M

Cash & Equivalents

$266M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$81M	$59M	+37.0%
Gross Profit	$81M	$59M	+37.1%
Operating Income	$55M	$34M	+60.3%
Net Income	$40M	$25M	+59.0%

Revenue Segments

Deposit Account

$3M34%

Credit Card, Merchant Discount

$3M28%

Debit Card

$2M17%

Fiduciary and Trust

$810,0008%

ATM Processing Fees

$702,0007%

Financial Service, Other

$458,0005%

Financial Services Commission

$103,0001%