Short answer
WESTAMERICA BANCORPORATION (WABC) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $56M (down 6.3% year over year) with net income of $27M.
Q1 2026 key financials · XBRL
- Revenue
- $56M
- −6.3% YoY
- Net income
- $27M
- −11.9% YoY
- EPS (diluted)
- $1.13
- −2.6% YoY
Source: XBRL data from the WESTAMERICA BANCORPORATION (WABC) Q1 2026 10-Q on SEC EDGAR. USD.
WESTAMERICA BANCORPORATION Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $62.3M, down 9.2% YoY from $66.7M, driven by lower net interest and fee income
- Net income $27.4M vs $31.0M YoY; net margin 1.84% vs 2.03%, net interest margin 3.74% vs 3.90%
- Best performer investment securities balances $4.47B, up from $4.40B; worst loans $708.6M, down from $789.9M
- Credit-loss reversal $300K; dividends paid $0.46 per share; period-end securities rose to $4.40B from $4.08B
- Outlook: elevated uncertainty from inflation, tariffs, Middle East conflict, trade tensions, liquidity risks and deposit outflows
Risk Factors
- No material changes to 2025 Form 10-K risk-factor disclosures identified
- Share-repurchase authorization increased by 2,000 thousand shares on April 24, 2026
- 997 thousand shares repurchased during the quarter at average price $50.94
- 2,785,023 shares authorized for repurchase as of April 23, 2026
- No directors or executive officers adopted or terminated trading arrangements during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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