Westamerica Bancorp. (WABC) Reports Q2 EPS of $0.60

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Go back to Westamerica Bancorp. (WABC) Reports Q2 EPS of $0.60

Westamerica Bancorporation Reports Second Quarter 2017 Financial Results

July 20, 2017 10:59 AM EDT

SAN RAFAEL, Calif., July 20, 2017 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the second quarter 2017 of $15.8 million and diluted earnings per common share ("EPS") of $0.60, compared to first quarter 2017 net income of $15.0 million and EPS of $0.57 and second quarter 2016 net income of $14.5 million and EPS of $0.57. Second quarter 2017 results include a $1.9 million reversal of provision for loan losses which accounted for $0.04 of the quarters EPS. First quarter 2017 results reflect the Companys prospective adoption of a new accounting standard related to share based compensation tax benefits; first... More