Westamerica Bancorporation
Westamerica Bancorporation (WABC) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in San Rafael, United States and has 608 employees. The company is worth $1.43B and trades at 13.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $258.06M in fiscal 2025, down 12.2% from the year before. Net income was $116.17M. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.10%, and has raised its annual dividend for 28 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $29.05M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +13.9% over 5Y.
today you would have $1,305.22▲ +30.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $47.83 | $52.46 | $56.41 | $59.01 | $57.73 | $55.29 | $67.77 | $55.68 | $59.55 | $62.93 | $46.75 | $49.02 | $56.46 | $42.59 | $43.90 | $55.47 | $55.37 | $51.15 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 8.7% a year plus a 3.1% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 18.2 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ESQEsquire Financial Holdings, Inc. | $118.89 | 19.6x | 3.1x | 0.67% | 18.26% | $1.44B |
| TMPTompkins Financial Corp | $100.78 | 8.2x | 1.5x | 2.78% | 20.36% | $1.45B |
| BHRBBurke & Herbert Financial Services Corp. | $69.69 | 11.4x | 1.2x | 3.16% | 9.79% | $1.41B |
| ATLCAtlanticus Holdings Corp |
| P/E | 18.2x | 10.6x | 10.1x | 9.3x | 13.0x | 17.9x | 18.6x | 22.7x | 20.9x | 31.5x | 27.5x | 20.3x | 21.1x | 22.6x | 14.5x | 14.3x | 17.3x | 13.4x | 25.1x |
| P/S | 6.6x | 4.5x | 4.8x | 4.6x | 6.0x | 7.2x | 7.1x | 9.0x | 7.6x | 8.2x | 9.2x | 6.5x | 6.7x | 7.2x | 4.9x | 4.7x | 6.0x | 4.8x | 8.6x |
| P/B | 2.4x | 1.2x | 1.6x | 1.9x | 2.6x | 1.9x | 1.8x | 2.5x | 2.4x | 2.7x | 2.9x | 2.2x | 2.4x | 2.7x | 2.1x | 2.2x | 3.0x | 3.2x | 3.7x |
| EPS | $4.52 | $5.20 | $6.06 | $4.54 | $3.22 | $2.98 | $2.98 | $2.67 | $1.89 | $2.29 | $2.30 | $2.32 | $2.50 | $2.93 | $3.06 | $3.21 | $4.14 | $2.04 |
| Dividend yield | 2.87% | 3.81% | 3.35% | 3.05% | 2.85% | 2.86% | 2.97% | 2.41% | 2.87% | 2.64% | 2.48% | 3.27% | 3.10% | 2.64% | 3.47% | 3.30% | 2.60% | 2.55% | 2.72% |
| Payout | 52.97% | 40.27% | 33.85% | 28.38% | 37.00% | 51.24% | 55.03% | 54.70% | 59.93% | 83.07% | 68.12% | 66.52% | 65.52% | 59.60% | 50.51% | 47.39% | 44.86% | 34.06% | 68.14% |
| Profit margin | 35.61% | 45.02% | 47.20% | 49.98% | 46.06% | 40.27% | 38.35% | 39.37% | 36.16% | 25.91% | 32.63% | 32.29% | 32.16% | 32.49% | 34.57% | 33.84% | 35.06% | 37.49% | 34.55% |
| ROE | 12.41% | 12.44% | 15.58% | 20.93% | 20.27% | 10.46% | 9.52% | 10.99% | 11.63% | 8.48% | 10.48% | 11.04% | 11.52% | 12.37% | 14.48% | 15.73% | 17.34% | 24.81% | 14.60% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+55.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $91.53 |
| 11.9x |
| 2.0x |
| 0.00% |
| 22.97% |
| $1.39B |
| LKFNLakeland Financial Corp | $59.38 | 13.6x | 1.9x | 3.50% | 15.00% | $1.48B |
| TFINTriumph Financial, Inc. | $62.21 | 42.0x | 1.6x | 0.00% | 4.12% | $1.49B |