Westamerica Bancorporation (WABC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments621373422575462433381
Cash and cash equivalents621373420575462433381
Short-term investments  2    
Receivables3329262421  
Total current assets:654402448599484433381
Noncurrent Assets
Operating lease, right-of-use asset1917
Property, plant and equipment33353535373938
Long-term investments and receivables   14141415
Long-term investments   14141415
Intangible assets, net (including goodwill)123123124126129132136
Goodwill122122122122122122122
Intangible assets, net (excluding goodwill)112471014
Total noncurrent assets:174175158175179185189
Other undisclosed assets5,9195,0434,9634,7394,7034,5514,466
TOTAL ASSETS:6,7485,6205,5695,5135,3665,1695,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt103315158595390
Total current liabilities:103315158595390
Noncurrent Liabilities
Liabilities, other than long-term debt12165222 
Qualified affordable housing project investments, commitment12165222
Total noncurrent liabilities:12165222 
Other undisclosed liabilities5,7884,8414,8974,8624,7434,5814,419
Total liabilities:5,9034,8884,9534,9234,8054,6374,509
Stockholders' equity
Stockholders' equity attributable to parent, including:845731616590561532527
Common stock466465448432405379378
Accumulated other comprehensive income (loss)11426(40)(17)(10)15
Retained earnings264239206174165150140
Other undisclosed stockholders' equity attributable to parent0112233
Total stockholders' equity:845731616590561532527
TOTAL LIABILITIES AND EQUITY:6,7485,6205,5695,5135,3665,1695,036

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues616567103102112177
Net investment income616567626978140
Financial services revenue41323437
Cost of revenue(4)     (3)
Provision for loan, lease, and other losses(4)  
Financial services costs   (3)
Gross profit:566567103102112174
Operating expenses(28)(32)(32)(82)(78)(78)(90)
Other operating income, net
(Noninterest Income, Other Operating Income)
4  6556
Operating income:32333527283990
Interest and debt expense(2)(2)(2)(2)(2)(2)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes767458635440(8)
Income from continuing operations before income taxes:1071059187807779
Income tax expense(26)(25)(19)(37)(21)(18)(18)
Net income available to common stockholders, diluted:80807250595961

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:80807250595961
Other comprehensive income (loss)8866(28)0(11)(5)1
Comprehensive income:1691464450485462
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  8(7)   
Comprehensive income, net of tax, attributable to parent:1691465243485462

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: