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Northern California community bank known for a conservative, low-risk, low-cost operating model.
Northern California community bank known for a conservative, low-risk, low-cost operating model.
Earns mostly from interest, funded by an unusually large base of non-interest-bearing and low-cost deposits from small businesses and households. It keeps costs low with a lean branch network and holds a sizeable securities portfolio next to its loans. Based in San Rafael, California.
Moat: narrow (cost advantage). Disciplined low-cost, low-risk model produces efficiency versus typical community bank peers.
Headquarters: San Rafael, California, US · Founded: 1972 · Employees: 627
Size Westamerica Bancorporation (WABC) is a United States Financials company (Regional Banks) with a market value of $1.38B, the 2051st largest of 3,117 United States companies the cockpit tracks. Shares closed at $59.84 on 6 Nov 2026.
Performance Over six months the shares gained 9.1%, against +3.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 4.3% over the last twelve months (peer median +6.2%); the operating margin is 59.0% (peer median 33.1%).
Valuation It trades at 1.75× book value against a peer median of 1.03× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 11.3%; Westamerica Bancorporation delivers 12.9%, so the price asks less than the business earns today.
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $266M | $272M | $311M | $328M | $266M |
| Revenue growth | — | -13% | -5% | +23% | — |
| Net income | $111M | $116M | $139M | $162M | $122M |
| Free cash flow | n/a | $120M | $140M | $157M | $113M |
| Capital expenditure | n/a | $2.25M | $1.74M | $1.16M | $811,000 |
| Total debt | $139M | $160M | $138M | $77.0M | $73.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Westamerica Bancorporation WABC | $1.38B | +9% | -4% | 13% | 1.75× | 11.3% |
| TriCo Bancshares TCBK | $1.67B | +2% | +4% | 11% | 1.26× | 9.6% |
| Five Star Bancorp FSBC | $1.08B | +6% | +18% | 15% | 1.75× | 10.4% |
| Mechanics Bancorp MCHB | $3.41B | -1% | +131% | 10% | 1.33× | 14.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WABC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -2.3% | 8th highest of 21 |
| 6-month return | +9.1% | +3.2% | 9th highest of 21 |
| Return on equity | 12.9% | 10.8% | 9th highest of 21 |
| Price / book | 1.75× | 1.03× | 4th most expensive of 21 |
| Trailing P/E | 12.9× | 11.4× | 5th most expensive of 20 |
| ROE the price implies | 11.3% | 9.2% | 8th most demanding of 21 |
| ROE delivered | 12.9% | 10.9% | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Westamerica Bancorporation WABC | United States | $1.38B | +9% | -4% | 13% | 1.75× | 11.3% | 12.9% |
| Tamilnad Mercantile Bank TMB.NS | India | $1.39B | +11% | +18% | 16% | 1.22× | 14.6% | 15.6% |
| Peoples Bancorp PEBO | United States | $1.39B | +12% | 0% | 10% | 1.13× | 8.5% | 10.0% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | China | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% | 5.7% |
| Burke Herbert Financial Services BHRB | United States | $1.41B | +10% | +14% | 10% | 1.23× | 7.1% | 10.5% |
| First Mid Bancshares FMBH | United States | $1.35B | +15% | +15% | 11% | 1.23× | 10.1% | 10.9% |
| HBT Financial HBT | United States | $1.35B | +30% | +23% | 13% | 1.78× | 10.1% | 13.2% |
| Tompkins Financial TMP | United States | $1.43B | +16% | -15% | 21% | 1.52× | 11.5% | 20.9% |
| Jammu & Kashmir Bank J&KBANK.NS | India | $1.44B | -12% | +6% | 15% | 0.77× | 12.1% | 14.5% |
| CCI 7381.T | Japan | $1.44B | +7% | +49% | 7% | 0.83× | 4.1% | 7.1% |
| Zhongyuan Bank 1216.HK | Hong Kong | $1.31B | -15% | 0% | 4% | 0.10× | 3.3% | 3.6% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Karnataka Bank KTKBANK.NS | India | $1.28B | +20% | +3% | 12% | 0.87× | 12.6% | 11.7% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Community Trust Bancorp CTBI | United States | $1.26B | +4% | +8% | 13% | 1.43× | 9.8% | 12.9% |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Ujjivan Small Finance Bank UJJIVANSFB.NS | India | $1.23B | -5% | +21% | 17% | 1.53× | 23.8% | 16.6% |