WABC Q3 2023 Earnings — Westamerica Bancorporation Revenue & Financial Results | Market Cap Arena

WABCWestamerica Bancorporation

$1B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$84M+15.8% YoY

Gross Profit

$83M98.2% margin

Operating Income

$57M67.7% margin

Net Income

$42M49.4% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$58M

Stock-Based Comp.

$339,000

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$5.9B

Stockholders' Equity

$648M

Cash & Equivalents

$421M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$84M	$73M	+15.8%
Gross Profit	$83M	$72M	+14.5%
Operating Income	$57M	$47M	+20.2%
Net Income	$42M	$35M	+19.7%

Revenue Segments

Deposit Account

$4M36%

Credit Card, Merchant Discount

$3M28%

Debit Card

$2M17%

Fiduciary and Trust

$783,0008%

ATM Processing Fees

$640,0006%

Financial Service, Other

$463,0004%

Financial Services Commission

$78,0001%