Westamerica Bancorporation (WABC) Reports In-Line Q1 EPS

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Go back to Westamerica Bancorporation (WABC) Reports In-Line Q1 EPS

Westamerica Bancorporation Reports First Quarter 2014 Earnings

April 15, 2014 11:03 AM EDT

SAN RAFAEL, Calif., April 15, 2014 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2014 of $15.3 million and diluted earnings per common share ("EPS") of $0.58. First quarter 2014 results compare to net income of $16.1 million and EPS of $0.60 for the prior quarter, and net income of $17.3 million and EPS of $0.64 for the first quarter 2013.

"Westamerica's credit quality continued to improve, as nonperforming assets and loan charge-offs again declined in the first quarter 2014. Nonperforming assets declined by $5 million, or 14 percent from the prior quarter. Net loan losses... More