Item 2.02 - Results of Operations and Financial Condition: Company issued a press release on July 16, 2026 reporting second quarter 2026 financial results, including net income of $27.4 million and diluted EPS of $1.17 Second Quarter 2026 Performance: Net interest income (FTE basis) was $52.7 million; annualized yield on loans, bonds and cash was 4.01%; annualized cost of funding was 0.24%;…

Our analysis rates this filing BULLISH. Westamerica Bancorporation presents a LOW concern profile (2.8/10) with a BULLISH net assessment. The company demonstrates operational stability and financial strength despite headwinds common across the regional banking sector. While net interest income…

Concern level: MODERATE (2.8/10). Key factors: Net interest income declined 3.5% year-over-year ($52.7M vs $54.6M in Q2 2025), reflecting industry-wide net interest margin compression in current rate environment; Year-over-year net income decline of 5.8% (Q2 2026: $27.4M vs Q2 2025: $29.1M implied), indicating earnings pressure from NIM headwinds; Allowance for Credit Losses decreased from $11.2M…

Notable risk changes: Q2 2026 net income of $27.4M flat vs Q1 2026 ($27.4M), indicating stable earnings despite year-over-year decline of 5.8% vs Q2 2025; Net interest income (FTE) declined 3.5% year-over-year to $52.7M (Q2 2025: $54.6M), reflecting compressed net interest margins in lower rate environment; Nonperforming assets minimal at $808K as of June 30, 2026, demonstrating strong credit quality with no…

No analyst consensus data provided in filing; No earnings surprise metrics disclosed.

The model predicts WABC will underperform the S&P 500 by about 0.0% over 30 days (model confidence 65%). This is model analysis for research, not investment advice.