Westamerica Q2 FY26 net income falls 5.8% to $27.39 million
WABC•Q2 net income and EPS
Westamerica Bancorporation posted Q2 2026 net income of $27.39 million, down 5.8% from Q2 2025; EPS rose to $1.17.
Credit quality improved
Credit quality improved, with nonperforming loans dropping to $808,000 from $4.96 million a year earlier.
CEO comments and capital return
CEO David Payne highlighted a 0.24% annualized cost of funds, a $0.48 dividend, and 753,000 shares retired during the quarter.
Revenue, expense and income trends
Net interest and loan fee income (FTE) slipped 3.5% to $52.67 million, while noninterest expense increased 2% to $26.04 million.
Noninterest income was little changed at $10.29 million; the company cited higher merchant processing and debit card fees, plus unrealized equity-security gains.
