Westamerica reported FY 2025 net income of USD 116.2 million, or USD 4.52 per diluted share. Income before income taxes was USD 156.7 million and the income tax provision was USD 40.5 million. Net interest and loan fee income was USD 217.3 million (USD 218.3 million on an FTE basis), with net interest margin (FTE) of 3.82%; noninterest income totaled USD 40.8 million and noninterest expense was USD 101.9 million, resulting in an efficiency ratio of 39.3%. The company recorded a USD 0.6 million reversal of provision for credit losses in FY 2025. Period-end balances at December 31, 2025 included assets of USD 6.0 billion, loans of USD 726.5 million, deposits of USD 4.8 billion, and shareholders’ equity of USD 933.5 million (equity-to-assets ratio: 15.66%). Westamerica paid USD 1.82 in dividends per common share in FY 2025, with a 40% common dividend payout ratio, and retired approximately 2 million shares valued at USD 104 million during the year. Management commentary highlighted pressure on FY 2025 net interest and loan fee income (FTE) from lower average balances of investment securities and loans, lower yield on investment securities, and higher rates on interest-bearing deposits, partially offset by higher average balances of interest-bearing cash and lower average balances of Bank Term Funding Program borrowings. The company also noted it does not currently use derivative instruments to manage interest rate risk, and said it continues to evaluate impacts from inflation, Federal Reserve monetary policy, tariffs and trade tensions, and climate-related risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westamerica Bancorporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-001195), on February 27, 2026, and is solely responsible for the information contained therein.