Westamerica Bancorporation (WABC) AI Stock Analysis

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Westamerica Bancorporation

(NASDAQ:WABC)

Select Model

Rating:74Outperform

Price Target:$67.00▲(12.66% Upside)

Action:reiterated

Date:11/14/26

The score is driven primarily by strong financial quality (profitability, cash conversion, and conservative leverage) and supportive valuation (moderate P/E with a solid dividend yield). Offsetting these positives, technical indicators are neutral-to-weak in the near term, suggesting limited momentum.

Positive Factors

Sustained high profitabilityPersistently high net margins indicate that Westamerica converts banking revenue into profit efficiently across different conditions. This provides internal capacity to absorb operating pressure, support capital strength, and continue funding shareholder returns while preserving a durable earnings base.

Negative Factors

Slower revenue growthThe post-2023 slowdown shows that Westamerica’s recent growth engine has weakened despite a return to modest TTM expansion. Prolonged uneven revenue performance could constrain operating leverage, reduce earnings momentum, and make future profit growth more dependent on efficiency or balance-sheet deployment.

Westamerica Bancorporation (WABC) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $1.37B
Dividend Yield: 3.19%
Average Volume (3M): 186.46K
Price to Earnings (P/E): 12.8
Beta (1Y): 0.49
Revenue Growth: -4.35%
EPS Growth: 1.06%
Country: US
Employees: 608
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

Westamerica Bancorporation Business Overview & Revenue Model

Company Description

Westamerica Bancorporation (WABC) functions as a bank holding company, overseeing Westamerica Bank. Through its subsidiary, it delivers a comprehensive suite of financial products and services to both individual consumers and commercial enterprises....

How the Company Makes Money

Westamerica Bancorporation makes money primarily through its banking subsidiary by earning interest income on loans and investment securities and by generating fee-based, noninterest income from banking services. 1) Net interest income (core earnings...

Westamerica Bancorporation Financial Statement Overview

Summary

Strong and consistent profitability with high historical net margins, solid cash conversion, and conservative leverage. The main drag is the post-2023 cooldown: revenue and earnings stepped down in 2024–2025 and ROE has moderated into the low-teens, signaling slower momentum despite healthy fundamentals.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	265.93M	271.84M	311.17M	327.54M	266.88M	216.79M
Gross Profit	252.51M	258.70M	293.45M	324.80M	264.95M	214.83M
EBITDA	151.69M	163.93M	199.46M	233.35M	182.16M	133.64M
Net Income	110.70M	116.17M	138.64M	161.77M	122.03M	86.51M
Balance Sheet
Total Assets	5.79B	5.96B	6.08B	6.36B	6.95B	7.46B
Cash, Cash Equivalents and Short-Term Investments	4.72B	2.12B	1.94B	4.19B	4.63B	5.77B
Total Debt	139.06M	159.50M	138.31M	76.98M	73.54M	164.23M
Total Liabilities	5.00B	5.03B	5.19B	5.59B	6.35B	6.63B
Stockholders Equity	789.67M	933.51M	889.96M	772.89M	602.11M	827.10M
Cash Flow
Free Cash Flow	112.39M	119.59M	139.83M	157.05M	112.89M	87.41M
Operating Cash Flow	115.50M	121.90M	141.57M	158.21M	113.70M	88.73M
Investing Cash Flow	-329.68M	149.67M	715.68M	547.27M	-631.29M	-306.08M
Financing Cash Flow	-122.58M	-305.20M	-446.07M	-809.40M	-320.26M	728.16M

Westamerica Bancorporation Technical Analysis

Technical Analysis SentimentNeutral

Last Price59.47

Price Trends

50DMA59.50Negative

100DMA59.05Positive

200DMA55.71Positive

Market Momentum

MACD0.05Positive

RSI46.71Neutral

STOCH12.28Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WABC, the sentiment is Neutral. The current price of 59.47 is below the 20-day moving average (MA) of 60.40, below the 50-day MA of 59.50, and above the 200-day MA of 55.71, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 12.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WABC.

Westamerica Bancorporation Risk Analysis

Westamerica Bancorporation disclosed 24 risk factors in its most recent earnings report. Westamerica Bancorporation reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

2 New Risks

1.The Company could realize losses if it were required to sell securities in its held-to-maturity securities portfolio to meet liquidity needs.Q4, 2023

2.Negative developments affecting the banking industry, such as bank failures, may have a material adverse effect on the Company.Q4, 2023

Westamerica Bancorporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

WABC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DCOM	80Outperform	$1.85B	13.66	9.50%	2.37%	13.64%	169.34%
WABC	74Outperform	$1.37B	12.79	12.80%	3.19%	-4.35%	1.06%
OBK	72Outperform	$1.65B	12.40	10.20%	1.71%	5.03%	117.09%
RBCAA	69Neutral	$1.60B	13.95	11.35%	2.12%	-1.66%	1.27%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BFC	67Neutral	$1.65B	18.70	11.18%	1.40%	32.72%	12.75%
PFBC	55Neutral	$1.23B	9.41	16.84%	3.08%	-0.13%	9.53%

* Financial Sector Average

Performance Comparison

WABC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
WABC	Westamerica Bancorp	59.47	14.59	32.52%
DCOM	Dime Community Bancshares, Inc.	42.22	17.14	68.36%
PFBC	Preferred Bank	103.78	16.92	19.48%
RBCAA	Republic Bancorp	91.25	27.86	43.95%
OBK	Origin Bancorp, Inc.	54.06	21.14	64.22%
BFC	Bank First National Corp	149.78	30.63	25.71%

Westamerica Bancorporation Corporate Events

DividendsFinancial Disclosures

Westamerica Bancorporation Declares Quarterly Cash Dividend

Positive

Oct 22, 2026

Westamerica Bancorporation, through its wholly owned subsidiary Westamerica Bank, operates banking and trust offices throughout Northern and Central California, providing regional banking and trust services with an emphasis on financial stability and...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 14, 2026

Westamerica Bancorporation AI Stock Analysis