Westamerica Bancorporation (WABC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Westamerica Bancorporation

NasdaqGS•Financial Services•Banks - Regional

$59.39+0.31(0.01%)Market closed

Market Cap

$1.39B

P/E

12.6x

P/S

5.2x

P/B

1.6x

Westamerica Bancorporation operates as a bank holding company for Westamerica Bank that provides various banking products and services to individual and commercial customers in the United States. The company accepts various deposit products from local businesses and professionals, as well as retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial real estate, residential real estate, real estate construction, consumer installment loans, as well as indirect automobile loans. The company serves small businesses, professionals, and consumers. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1884 and is headquartered in San Rafael, California.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (7/25).

Profitability14/25

Growth7/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality14/25

Strengths

Strong marginsInterest easily coveredConsistent free cash flowNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.6x5y range 6.7x – 18.3x

Currently near its 20-quarter median.

P/S · 5.2x5y range 3.3x – 7.4x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.3x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 5.5% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Red Flag

TTM revenue has contracted 11.5% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $1.39B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $265.64M
Q. Revenue: $66.09M
TTM EBITDA: $157.77M
TTM Op. Income: $148.99M
Q. Op. Income: $36.73M
TTM Net Income: $110.81M
Q. Net Income: $27.39M
EPS: $1.17
Shares Out.: $23.31M

$265.64M in TTM revenue declined 8.5% YoY, reaching $66.09M last quarter. TTM EBITDA of $157.77M and TTM operating income of $148.99M show growth is flowing through to the bottom line. TTM net income of $110.81M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 95.0%
EBITDA Margin: 56.7%
Op. Margin: 55.6%
Net Margin: 41.4%

Op. margin of 55.6% is down 2.1% YoY — costs are rising relative to revenue. Net margin at 41.4% and gross margin of 95.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.6x
P/S Ratio: 5.2x
P/B Ratio: 1.6x

At 12.6x P/E, the stock trades below typical market levels. P/S of 5.2x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.81B
Cash: $301.93M
Long-Term Debt: N/A
Book Value: $853.15M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $15.54M
TTM Free Cash Flow: $108.63M
FCF Margin: 40.9%
FCF / Net Income: 1.0

TTM FCF of $108.63M on $15.54M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.