WESTAMERICA BANCORPORATION

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $585k $433k $0 $0 $930k $279k $202k $208k
Amortization of Intangible Assets $3.5m $3.1m $1.9m $538k $287k $269k
Depreciation, Depletion and Amortization, Nonproduction $4.0m $3.9m $3.7m $3.9m $3.7m $3.0m $2.9m $2.9m $2.6m $2.5m
Gain (Loss) on Investments ($52k)
Income (Loss) from Continuing Operations before Income Taxes, Domestic $156.7m
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
Earnings Per Share, Basic $2.30 $1.90 $2.69 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Earnings Per Share, Diluted $2.29 $1.89 $2.67 $2.98 $2.98 $3.22 $4.54 $6.06 $5.20 $4.52
Common Stock, Dividends, Per Share, Declared $1.63 $1.64 $1.65 $1.68 $1.72 $1.76 $1.82
Weighted Average Number of Shares Outstanding, Basic 25.6m 26.3m 26.6m 27.0m 26.9m 26.9m 26.9m 26.7m 26.7m 25.7m
Weighted Average Number of Shares Outstanding, Diluted 25.7m 26.4m 26.8m 27.0m 27.0m 26.9m 26.9m 26.7m 26.7m 25.7m
Noninterest expense:
Labor and Related Expense $51.5m $51.5m $53.0m $51.1m $50.7m $48.0m $46.1m $47.9m $50.3m $48.7m
Equipment Expense $4.9m
Current Income Tax Expense (Benefit) $23.6m $9.6m $20.4m $21.2m $26.6m $26.6m $42.9m $61.8m $48.8m $37.5m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal ($550k)
Interest Expense $2.1m $1.9m $2.0m $1.9m $1.8m $2.0m $1.9m $3.9m
Interest Expense, Securities Sold under Agreements to Repurchase $665k $700k
Income Tax Expense (Benefit) $21.1m $37.1m $19.4m $24.8m $26.4m $30.5m $43.6m $59.8m $50.4m $40.5m
Total interest expense $17.4m $13.7m
Interest Income (Expense), Net $131.9m $131.9m $149.8m $156.8m $164.0m $171.5m $219.8m $280.1m $250.6m $217.3m