The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.15, though total assets have intentionally contracted from $6.5 billion in 2024Q1 to $5.9 billion in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 6.34B | 2.12B | 1.94B | 4.19B | 4.63B | 5.77B | 4.68B | 3.45B | 3.07B | 2.77B | 2.35B | 2B | 1.98B | 1.55B | 1.32B | 1.17B | 338.79M | 361.13M | 138.88M | 209.76M | 184.44M | 209.27M | 126.15M | 189.63M | 222.58M | 179.18M | 286.48M | 255.7M | 229.7M | 250.8M | 355.2M |
| Cash & Due from Banks | 397.28M | 567.8M | 601.49M | 190.31M | 294.24M | 1.13B | 621.27M | 373.42M | 420.28M | 575M | 462.27M | 433.04M | 380.84M | 472.03M | 491.38M | 530.04M | 338.79M | 361.13M | 138.88M | 209.76M | 184.44M | 209.27M | 126.15M | 189.63M | 222.58M | 179.18M | 286.48M | 255.7M | 229.7M | 250.8M | 355.2M |
| Short Term Investments | 0 | 1.55B | 1.34B | 4B | 4.33B | 4.64B | 4.06B | 3.08B | 2.65B | 2.19B | 1.89B | 1.57B | 1.6B | 1.08B | 825.64M | 638.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 5.12B | 5.03B | 5.07B | 5.76B | 6.22B | 6.03B | 5.83B | 4.95B | 4.84B | 4.63B | 4.58B | 4.41B | 4.33B | 4.03B | 4.08B | 4.08B | 4.14B | 4.13B | 3.58B | 4.03B | 4.26B | 4.62B | 4.44B | 4.22B | 3.83B | 3.59B | 3.58B | 3.49B | 3.46B | 3.45B | 3.34B |
| Investments Growth % | -13.36% | -0.81% | -11.85% | -7.45% | 3.21% | 3.39% | 17.89% | 2.23% | 4.53% | 1.11% | 3.89% | 1.81% | 7.47% | -1.41% | 0.2% | -1.52% | 0.29% | 15.4% | -11.24% | -5.37% | -7.78% | 4% | 5.2% | 10.24% | 6.59% | 0.32% | 2.59% | 0.79% | 0.46% | 3.03% | 50.9% |
| Long-Term Investments | 15.79B | 3.48B | 3.74B | 1.76B | 1.89B | 1.39B | 1.77B | 1.87B | 2.18B | 2.44B | 2.69B | 2.84B | 2.73B | 2.95B | 3.26B | 3.44B | 4.14B | 4.13B | 3.58B | 4.03B | 4.26B | 4.62B | 4.44B | 4.22B | 3.83B | 3.59B | 3.58B | 3.49B | 3.46B | 3.45B | 3.34B |
| Accounts Receivables | 36.76M | 37.14M | 44.61M | 54.57M | 53.56M | 35.52M | 33.02M | 28.8M | 25.83M | 23.56M | 21.49M | 20.17M | 19.39M | 18.93M | 20.27M | 23.26M | 225.71M | 256.03M | 150.21M | 151.14M | 152.67M | 150.48M | 136.74M | 131.68M | 136.64M | 117.4M | 121.21M | 101.2M | 102.8M | 96.1M | 93.3M |
| Goodwill & Intangibles | 121.67M | 121.67M | 121.8M | 122.02M | 122.26M | 122.51M | 122.78M | 123.06M | 123.6M | 125.52M | 128.6M | 132.1M | 135.96M | 140.23M | 144.93M | 150.3M | 156.28M | 157.37M | 136.91M | 140.15M | 152.67M | 148.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.67M | 121.7M | 121.7M | 121.72M | 0 | 121.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 125K | 347K | 583K | 835K | 1.1M | 1.39M | 1.93M | 3.85M | 6.93M | 10.43M | 14.29M | 18.56M | 23.26M | 28.63M | 34.6M | 35.67M | 15.21M | 18.43M | 152.67M | 26.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 46.99M | 47.93M | 44.12M | 45.83M | 44.56M | 49.13M | 51.65M | 51.73M | 34.51M | 35.3M | 36.57M | 38.69M | 37.85M | 37.31M | 38.64M | 36.55M | 36.28M | 38.1M | 27.35M | 28.38M | 30.19M | 33.22M | 35.22M | 35.75M | 37.4M | 39.82M | 42.18M | 44M | 46M | 48.4M | 64M |
| Other Assets | 80.88M | 92.78M | 95.28M | 90.4M | 85.23M | 89.85M | 84.98M | 82.69M | 80.13M | 88.02M | 80.3M | 82.97M | 78.01M | 89.71M | 105.18M | 134.71M | 35.8M | 36.38M | 3.85M | 946K | 1.21M | 534K | 534K | 90K | 1.01M | 1.06M | 2.31M | 3.5M | 4.5M | 7.6M | 10.1M |
| Total Current Assets | 434.05M | 2.16B | 1.99B | 4.25B | 4.68B | 5.81B | 4.72B | 3.48B | 3.11B | 2.8B | 2.38B | 2.03B | 2.01B | 1.58B | 1.36B | 1.25B | 564.51M | 617.17M | 289.1M | 360.91M | 337.11M | 359.75M | 262.89M | 321.31M | 359.21M | 296.58M | 407.69M | 356.9M | 332.5M | 346.9M | 448.5M |
| Total Non-Current Assets | 5.43B | 3.8B | 4.09B | 2.11B | 2.27B | 1.65B | 2.03B | 2.13B | 2.46B | 2.72B | 2.99B | 3.14B | 3.03B | 3.27B | 3.59B | 3.8B | 4.37B | 4.36B | 3.74B | 4.2B | 4.43B | 4.8B | 4.47B | 4.26B | 3.87B | 3.63B | 3.62B | 3.54B | 3.51B | 3.5B | 3.42B |
| Total Assets | 5.86B | 5.96B | 6.08B | 6.36B | 6.95B | 7.46B | 6.75B | 5.62B | 5.57B | 5.51B | 5.37B | 5.17B | 5.04B | 4.85B | 4.95B | 5.04B | 4.93B | 4.98B | 4.03B | 4.56B | 4.77B | 5.16B | 4.74B | 4.58B | 4.22B | 3.93B | 4.03B | 3.89B | 3.84B | 3.85B | 3.87B |
| Asset Growth % | -15.34% | -1.91% | -4.53% | -8.43% | -6.84% | 10.57% | 20.08% | 0.92% | 1.01% | 2.74% | 3.82% | 2.64% | 3.89% | -2.12% | -1.78% | 2.24% | -0.88% | 23.37% | -11.54% | -4.41% | -7.53% | 8.87% | 3.52% | 8.32% | 7.56% | -2.57% | 3.55% | 1.27% | -0.11% | -0.48% | 55.24% |
| Return on Assets (ROA) | 1.91% | 1.93% | 2.23% | 2.43% | 1.69% | 1.22% | 1.3% | 1.44% | 1.29% | 0.92% | 1.12% | 1.15% | 1.23% | 1.37% | 1.62% | 1.76% | 1.91% | 2.78% | 1.39% | 1.92% | 1.99% | 2.14% | 2% | 2.16% | 2.14% | 2.12% | 2.01% | 1.97% | 1.91% | 1.25% | 1.47% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 165.48M | 159.5M | 138.31M | 76.98M | 73.54M | 164.23M | 121.38M | 78.99M | 102.49M | 116.94M | 118.16M | 106.06M | 199.58M | 155.91M | 119.49M | 282.4M | 169.08M | 312.65M | 457.27M | 835.37M | 768.9M | 815.45M | 756.85M | 720.29M | 544.34M | 339.73M | 417.98M | 503.8M | 251.2M | 317.3M | 387.4M |
| Net Debt | -231.8M | -408.3M | -463.19M | -113.34M | -220.7M | -967.86M | -499.9M | -294.43M | -317.79M | -458.06M | -344.12M | -326.99M | -181.25M | -316.12M | -371.9M | -247.64M | -169.71M | -48.49M | 318.39M | 625.61M | 584.46M | 606.18M | 630.7M | 530.66M | 321.77M | 160.55M | 131.5M | 248.1M | 21.5M | 66.5M | 32.2M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.02M | 20.58M | 40.8M | 41.02M | 61.7M | 85.47M | 0 | 36.77M | 36.92M | 40.28M | 21.43M | 129.64M | 24.61M | 27.82M | 31.04M | 41.5M | 47.5M | 52.5M | 58.9M |
| Short-Term Debt | 149.22M | 137.3M | 120.32M | 58.16M | 57.79M | 146.25M | 102.55M | 61.86M | 102.49M | 116.94M | 118.16M | 106.06M | 179.57M | 135.34M | 78.69M | 241.38M | 107.39M | 227.18M | 457.27M | 798.6M | 731.98M | 775.17M | 735.42M | 590.65M | 519.74M | 311.91M | 386.94M | 462.3M | 203.7M | 264.8M | 328.5M |
| Other Liabilities | 4.82B | 27.15M | 36.16M | 40.45M | 49.38M | 53.24M | 67.99M | -3.48M | -16.4M | -21.75M | -18.18M | -10.04M | -39.65M | -15.57M | 40.11M | -48.8M | 84.19M | 97.2M | 70.75M | 64.19M | 59.47M | 60.94M | 38.19M | 51.73M | 44.96M | 39.24M | 38.91M | 23.5M | 35.5M | 45.4M | -128.6M |
| Total Current Liabilities | 149.22M | 4.98B | 5.13B | 5.53B | 6.28B | 6.56B | 5.79B | 4.87B | 4.97B | 4.94B | 4.82B | 4.65B | 4.53B | 4.3B | 4.31B | 4.49B | 4.24B | 4.29B | 3.55B | 4.06B | 4.25B | 4.62B | 4.32B | 4.05B | 3.81B | 3.55B | 3.62B | 3.53B | 3.39B | 3.34B | 3.56B |
| Total Non-Current Liabilities | 4.83B | 49.35M | 54.15M | 59.27M | 65.13M | 73.72M | 112.6M | 13.66M | -16.4M | -21.75M | -18.18M | -10.04M | -19.64M | 5M | 80.91M | -7.78M | 145.89M | 182.67M | 70.75M | 100.97M | 96.39M | 101.22M | 59.62M | 181.38M | 69.57M | 67.06M | 69.95M | 65M | 83M | 97.9M | -69.7M |
| Total Liabilities | 4.98B | 5.03B | 5.19B | 5.59B | 6.35B | 6.63B | 5.9B | 4.89B | 4.95B | 4.92B | 4.8B | 4.64B | 4.51B | 4.3B | 4.39B | 4.48B | 4.39B | 4.47B | 3.62B | 4.16B | 4.35B | 4.72B | 4.38B | 4.24B | 3.88B | 3.61B | 3.69B | 3.59B | 3.48B | 3.44B | 3.49B |
| Total Equity | 882.69M | 933.51M | 889.96M | 772.89M | 602.11M | 827.1M | 844.81M | 731.42M | 615.59M | 590.24M | 561.37M | 532.21M | 526.6M | 542.93M | 560.1M | 558.64M | 545.29M | 505.45M | 409.85M | 394.6M | 424.24M | 435.06M | 358.61M | 340.37M | 341.5M | 314.36M | 337.75M | 300.6M | 368.6M | 407.2M | 379.3M |
| Equity Growth % | 16.02% | 4.89% | 15.15% | 28.36% | -27.2% | -2.1% | 15.5% | 18.82% | 4.3% | 5.14% | 5.48% | 1.06% | -3.01% | -3.07% | 0.26% | 2.45% | 7.88% | 23.32% | 3.86% | -6.98% | -2.49% | 21.32% | 5.36% | -0.33% | 8.63% | -6.92% | 12.36% | -18.45% | -9.48% | 7.36% | 69.41% |
| Equity / Assets (Capital Ratio) | 15.05% | 15.66% | 14.65% | 12.14% | 8.66% | 11.09% | 12.52% | 13.02% | 11.05% | 10.71% | 10.46% | 10.3% | 10.46% | 11.2% | 11.31% | 11.08% | 11.06% | 10.16% | 10.16% | 8.66% | 8.9% | 8.44% | 7.57% | 7.44% | 8.08% | 8% | 8.38% | 7.72% | 9.59% | 10.58% | 9.81% |
| Return on Equity (ROE) | 12.26% | 12.74% | 16.67% | 23.53% | 17.08% | 10.35% | 10.2% | 11.94% | 11.87% | 8.69% | 10.76% | 11.1% | 11.34% | 12.18% | 14.5% | 15.92% | 18% | 27.41% | 14.88% | 21.93% | 23% | 26.72% | 26.68% | 27.88% | 26.57% | 25.85% | 25% | 22.74% | 18.92% | 12.23% | 15.52% |
| Book Value per Share | 36.32 | 37.57 | 33.35 | 28.94 | 22.38 | 30.78 | 31.34 | 27.08 | 23.01 | 22.34 | 21.86 | 20.81 | 20.13 | 20.20 | 20.22 | 19.44 | 18.50 | 17.22 | 14.00 | 13.08 | 13.37 | 13.23 | 11.05 | 10.20 | 9.98 | 8.79 | 9.14 | 7.67 | 8.67 | 9.31 | 10.70 |
| Tangible BV per Share | 31.31 | 32.67 | 28.79 | 24.37 | 17.83 | 26.22 | 26.78 | 22.53 | 18.39 | 17.59 | 16.85 | 15.64 | 14.93 | 14.98 | 14.99 | 14.21 | 13.20 | 11.86 | 9.32 | 8.44 | 8.56 | 8.72 | 11.05 | 10.20 | 9.98 | 8.79 | 9.14 | 7.67 | 8.67 | 9.31 | 10.70 |
| Common Stock | 422.31M | 439.98M | 476.47M | 473.14M | 475.09M | 471.01M | 466.01M | 465.46M | 448.35M | 431.73M | 404.61M | 378.86M | 378.13M | 378.95M | 372.01M | 377.77M | 0 | 0 | 0 | 334.21M | 0 | 313.96M | 229.97M | 220.28M | 217.2M | 209.07M | 206.95M | 186.4M | 195.2M | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 377.77M | 378.88M | 366.25M | 352.26M | 334.21M | 341.53M | 343.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 567.61M | 584.63M | 581.55M | 490M | 383.09M | 306.39M | 264.36M | 239.13M | 205.84M | 173.8M | 165.3M | 150.09M | 140.47M | 156.96M | 170.36M | 166.44M | 163.52M | 133M | 54.14M | 61.92M | 78.12M | 87.72M | 119M | 106.89M | 105.15M | 93.39M | 123.63M | 118.7M | 153.3M | 190.7M | 186.1M |
| Accumulated OCI | -107.23M | -91.14M | -168.1M | -190.28M | -256.11M | 49.66M | 114.41M | 26.05M | -40M | -16.83M | -10.07M | 675K | 5.29M | 4.31M | 14.63M | 11.37M | 159K | 3.71M | 1.04M | -4.52M | 4.58M | 4.3M | 9.64M | 13.19M | 19.15M | 11.9M | 7.17M | -4.5M | 20.2M | 17.9M | 6M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional economic concentration risk
As reported in recent financial statements, Westamerica's total assets have declined from $6.5 billion in 2024Q1 to $5.9 billion in 2026Q1, signaling a deliberate strategy of balance sheet shrinkage rather than aggressive expansion in the current Northern California economic environment.
The consistent reduction in total assets suggests that management is prioritizing capital preservation over loan growth, likely in response to muted regional demand. This contraction appears to be a defensive posture, potentially insulating the bank from credit deterioration at the expense of top-line revenue expansion.
Based on quarterly balance sheet data, cash and equivalents have fluctuated significantly, reaching $567.8 million in 2025Q4, which indicates a substantial liquidity buffer that may be creating an earnings drag if not efficiently deployed into higher-yielding assets.
The high cash position relative to total assets suggests that the bank is maintaining a highly liquid profile, likely to mitigate potential deposit volatility. While this provides a fortress-like safety net, it may also imply that the bank is struggling to find attractive, risk-adjusted lending opportunities within its narrow geographic footprint.
According to historical balance sheet figures, the equity-to-assets ratio has remained stable near 0.15, demonstrating a robust capital position that supports the bank's ability to absorb potential shocks without relying on external debt financing.
The bank's minimal reliance on debt, evidenced by a clean balance sheet, underscores a conservative capital allocation strategy that favors long-term stability over leverage-driven returns. This capital adequacy provides management with significant flexibility for future share repurchases or strategic pivots, provided they can identify viable growth avenues.
As indicated by the $5.1 billion investment securities portfolio in 2026Q1, the bank's heavy reliance on fixed-income assets warrants further investigation into potential unrealized losses that could impact tangible book value if interest rate volatility persists.
The concentration of assets in securities rather than loans suggests a duration mismatch risk that could be exacerbated by shifts in the interest rate environment. Investors should monitor the classification of these assets, as any forced liquidation could reveal hidden vulnerabilities not immediately apparent in the headline capital ratios.
Quick answers to the most common questions about buying WABC stock.
As of 2025, Westamerica Bancorporation (WABC) had total assets of $5.96B including $2.16B in current assets.
Westamerica Bancorporation (WABC) carries total debt of $159.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Westamerica Bancorporation (WABC) has total shareholders' equity (book value) of $933.5M ($37.57 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Westamerica Bancorporation (WABC) reported a current ratio of 0.43x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.