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Westamerica: Q1 Earnings Snapshot

By AP News - Apr 20, 2023, 12:00 PM ET
Last Updated - Jun 22, 2023, 05:24 AM EDT
Westamerica: Q1 Earnings Snapshot

SAN RAFAEL, Calif. (AP) — SAN RAFAEL, Calif. (AP) — Westamerica Bancorp (WABC) on Thursday reported net income of $40.5 million in its first quarter.

The bank, based in San Rafael, California, said it had earnings of $1.51 per share. Earnings, adjusted for non-recurring gains, came to $1.47 per share.

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The holding company for Westamerica Bank posted revenue of $80.2 million in the period. Its revenue net of interest expense was $79.7 million, which missed Street forecasts.

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