Overview

* Westamerica Q3 net income declines slightly to $28.3 mln from $29.1 mln in Q2

* Diluted EPS remains unchanged at $1.12 for Q3 compared to Q2

* Company repurchased 488 thousand shares, maintaining high capital ratios

Outlook

* The company did not provide specific guidance for future quarters or the fiscal year in the press release.

Result Drivers

* LOW-COST OPERATIONS - Westamerica's Q3 results benefited from low-cost operating principles, with a funding cost of 0.26%

* NO CREDIT LOSS PROVISION - Company recognized no provision for credit losses in Q3 2025

* OPERATING EFFICIENCY - Operating costs were 40% of revenue, contributing to Q3 results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.12

Q3 Net $28.30

Income mln

Q3 Net $53.80

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Westamerica Bancorp ( WABC ) is $53.00, about 12.3% above its October 15 closing price of $46.47

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)