WABC Q2 2024 Earnings — Westamerica Bancorporation Revenue & Financial Results | Market Cap Arena

WABCWestamerica Bancorporation

$1B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$80M-2.0% YoY

Gross Profit

$74M93.3% margin

Operating Income

$48M60.5% margin

Net Income

$35M44.6% margin

EPS (Diluted)

$1.33

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$19M

Stock-Based Comp.

$409,000

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$5.5B

Stockholders' Equity

$816M

Cash & Equivalents

$486M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$81M	-2.0%
Gross Profit	$74M	$81M	-7.8%
Operating Income	$48M	$55M	-12.1%
Net Income	$35M	$40M	-11.9%

Revenue Segments

Deposit Account

$3M36%

Credit Card, Merchant Discount

$3M28%

Debit Card

$2M18%

Fiduciary and Trust

$811,0008%

ATM Processing Fees

$540,0006%

Financial Service, Other

$450,0005%