Westamerica Bancorporation (WABC) financial statements (2020 and earlier)

Company profile

Business Address 1108 FIFTH AVE
SAN RAFAEL, CA 94901
State of Incorp. CA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments373422575462433381 
Cash and cash equivalents373420575462433381 
Short-term investments 2     
Receivables29262421   
Total current assets:402448599484433381 
Noncurrent Assets
Operating lease, right-of-use asset17
Property, plant and equipment35353537393837
Long-term investments and receivables  1414141519
Long-term investments  1414141519
Intangible assets, net (including goodwill)123124126129132136140
Goodwill122122122122122122122
Intangible assets, net (excluding goodwill)1247101419
Total noncurrent assets:175158175179185189196
Other undisclosed assets5,0434,9634,7394,7034,5514,4664,651
TOTAL ASSETS:5,6205,5695,5135,3665,1695,0364,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt31515859539063
Total current liabilities:31515859539063
Noncurrent Liabilities
Liabilities, other than long-term debt165222  
Qualified affordable housing project investments, commitment165222
Total noncurrent liabilities:165222  
Other undisclosed liabilities4,8414,8974,8624,7434,5814,4194,241
Total liabilities:4,8884,9534,9234,8054,6374,5094,304
Stockholders' equity
Stockholders' equity attributable to parent, including:731616590561532527543
Common stock465448432405379378379
Accumulated other comprehensive income (loss)26(40)(17)(10)154
Retained earnings239206174165150140157
Other undisclosed stockholders' equity attributable to parent1122333
Total stockholders' equity:731616590561532527543
TOTAL LIABILITIES AND EQUITY:5,6205,5695,5135,3665,1695,0364,847

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6567103102112177 
Net investment income6567626978140 
Financial services revenue41323437 
Cost of revenue
(Financial Services Costs)
     (3)(8)
Gross profit:6567103102112174(8)
Operating expenses(32)(32)(82)(78)(78)(90)(59)
Other operating income, net
(Noninterest Income, Other Operating Income)
  65568
Operating income (loss):333527283990(60)
Interest and debt expense(2)(2)(2)(2)(2)(3)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7458635440(8)151
Income from continuing operations before income taxes:105918780777986
Income tax expense(25)(19)(37)(21)(18)(18)(19)
Net income available to common stockholders, diluted:80725059596167

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:80725059596167
Other comprehensive income (loss)66(28)0(11)(5)1(10)
Comprehensive income:146445048546257
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 8(7)    
Comprehensive income, net of tax, attributable to parent:146524348546257

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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