← WESTAMERICA BANCORPORATION
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $58.9m | $50.0m | $71.6m | $80.4m | $80.4m | $86.5m | $122.0m | $161.8m | $138.6m | $116.2m | |
| Depreciation and amortization | $4.0m | $3.9m | $3.7m | $3.9m | $3.7m | $3.0m | $2.9m | $2.9m | $2.6m | $2.5m | |
| Depreciation, Amortization and Accretion, Net | $19.9m | $26.1m | $24.4m | $20.6m | $22.6m | $16.6m | $16.6m | $11.8m | $10.4m | $7.2m | |
| Amortization of Intangible Assets | $3.5m | $3.1m | $1.9m | $538k | $287k | $269k | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($2.4m) | $15.2m | ($943k) | $3.7m | ($246k) | $2.1m | $697k | ($2.0m) | $1.6m | $3.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $356k | — | — | $5.1m | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($30k) | — | — | — | — | — | — | — | — | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($1.3m) | ($2.1m) | ($2.3m) | ($3.0m) | ($4.2m) | ($2.5m) | ($18.0m) | ($1.0m) | $10.0m | ($550k) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | $538k | $0 | $71k | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $3.5m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | $1.0m | — | $0 | — | — | — | — | $1.4m | $0 | |
| Income Tax Expense (Benefit) | $21.1m | $37.1m | $19.4m | $24.8m | $26.4m | $30.5m | $43.6m | $59.8m | $50.4m | $40.5m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | $28.0m | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $2.5m | $890k | $4.0m | $14.8m | $3.5m | $3.5m | $2.4m | $3.4m | $1.8m | $1.7m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $4.3m | $0 | — | ($1.1m) | $300k | ($550k) | |
| Bank Owned Life Insurance Income | — | $0 | $585k | $433k | $0 | $0 | $930k | $279k | $202k | $208k | |
| Increase (Decrease) in Other Operating Liabilities | $2.0m | ($3.0m) | ($580k) | ($5.3m) | $14.3m | ($6.9m) | ($6.8m) | ($7.5m) | ($8.7m) | ($14.3m) | |
| Proceeds from Stock Options Exercised | $24.0m | $24.6m | $13.4m | $13.7m | $2.8m | $3.0m | $2.3m | $950k | $1.5m | $376k | |
| Parent Company | $39.9m | $41.3m | $42.6m | $43.9m | $44.3m | $44.3m | $45.2m | $46.0m | $47.0m | $46.9m | |
| Equipment Expense | $4.9m | — | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $217k | $71k | $34k | $0 | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | ($60k) | |
| Gain (Loss) on Investments | — | — | ($52k) | — | — | — | — | — | — | — | |
| Goodwill | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | $0 | $4.3m | $2k | $6k | ($1.1m) | $300k | — | |
| Stock or Unit Option Plan Expense | $1.5m | $1.8m | $2.0m | $1.7m | $1.9m | $1.4m | $1.3m | $1.4m | $1.5m | $1.1m | |
| Net Cash Provided by (Used in) Operating Activities | $77.6m | $80.8m | $96.6m | $80.7m | $107.7m | $88.7m | $113.7m | $158.2m | $141.6m | $121.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.8m | $2.7m | $3.1m | $4.0m | $2.2m | $1.3m | $811k | $1.2m | $1.7m | $2.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($197.3m) | ($73.3m) | ($253.6m) | ($22.3m) | ($748.9m) | ($306.1m) | ($631.3m) | $547.3m | $715.7m | $149.6m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $737.6m | $319.3m | $353.3m | $631.0m | $1.3b | $1.2b | $500.2m | $416.4m | $647.5m | $739.3m | |
| Payments for Repurchase of Common Stock | $5.4m | $314k | $524k | $488k | $16.5m | $232k | $218k | $13.7m | $210k | $103.8m | |
| Payments of Ordinary Dividends, Common Stock | $39.9m | $41.3m | $42.6m | $43.9m | $44.3m | $44.3m | $45.2m | $46.0m | $47.0m | $46.9m | |
| Net Cash Provided by (Used in) Financing Activities | $148.9m | $105.2m | $2.2m | ($105.3m) | $889.0m | $728.2m | ($320.3m) | ($809.4m) | ($446.1m) | ($305.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $247.9m | $510.8m | ($837.8m) | ($103.9m) | $411.2m | ($33.7m) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1.9m | $1.9m | $1.8m | $2.0m | $1.9m | $3.9m | $17.4m | $13.7m | |
| Income Taxes Paid, Net | $19.3m | $17.4m | $13.6m | $24.5m | $26.5m | $27.7m | $39.8m | $64.0m | $57.3m | $33.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.