← WESTAMERICA BANCORPORATION
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $58.9m |
$50.0m
-15.00%
|
$71.6m
+43.06%
|
$80.4m
+12.33%
|
$80.4m
+0.03%
|
$86.5m
+7.58%
|
$122.0m
+41.07%
|
$161.8m
+32.56%
|
$138.6m
-14.30%
|
$116.2m
-16.20%
|
— | |
| Depreciation and amortization | $4.0m | $3.9m | $3.7m | $3.9m | $3.7m | $3.0m | $2.9m | $2.9m | $2.6m | $2.5m | $4.7m | |
| Depreciation, Amortization and Accretion, Net | $19.9m | $26.1m | $24.4m | $20.6m | $22.6m | $16.6m | $16.6m | $11.8m | $10.4m | $7.2m | $4.7m | |
| Amortization of Intangible Assets | $3.5m | $3.1m | $1.9m | $538k | $287k | $269k | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($2.4m) | $15.2m | ($943k) | $3.7m | ($246k) | $2.1m | $697k | ($2.0m) | $1.6m | $3.0m | $2.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $356k | — | — | $5.1m | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | $28.0m | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($1.3m) | ($2.1m) | ($2.3m) | ($3.0m) | ($4.2m) | ($2.5m) | ($18.0m) | ($1.0m) | $10.0m | ($550k) | — | |
| Increase (Decrease) in Other Operating Assets | $2.5m | $890k | $4.0m | $14.8m | $3.5m | $3.5m | $2.4m | $3.4m | $1.8m | $1.7m | — | |
| Increase (Decrease) in Other Operating Liabilities | $2.0m | ($3.0m) | ($580k) | ($5.3m) | $14.3m | ($6.9m) | ($6.8m) | ($7.5m) | ($8.7m) | ($14.3m) | — | |
| Gain (Loss) on Disposition of Other Assets | — | $1.0m | — | $0 | — | — | — | — | $1.4m | $0 | — | |
| Net Cash Provided by (Used in) Operating Activities | $77.6m |
$80.8m
+4.01%
|
$96.6m
+19.66%
|
$80.7m
-16.48%
|
$107.7m
+33.51%
|
$88.7m
-17.64%
|
$113.7m
+28.14%
|
$158.2m
+39.14%
|
$141.6m
-10.52%
|
$121.9m
-13.90%
|
$111.3m
-8.72%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($30k) | — | — | — | — | — | — | — | — | — | ($1.4m) | |
| Payments to Acquire Property, Plant, and Equipment | $1.8m | $2.7m | $3.1m | $4.0m | $2.2m | $1.3m | $811k | $1.2m | $1.7m | $2.2m | ($2.6m) | |
| Equipment Expense | $4.9m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | $538k | $0 | $71k | $0 | $0 | — | — | — | ($1.4m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $737.6m | $319.3m | $353.3m | $631.0m | $1.3b | $1.2b | $500.2m | $416.4m | $647.5m | $739.3m | — | |
| Gain (Loss) on Investments | — | — | ($52k) | — | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($197.3m) | ($73.3m) | ($253.6m) | ($22.3m) | ($748.9m) | ($306.1m) | ($631.3m) | $547.3m | $715.7m | $149.6m | ($311.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $5.4m | $314k | $524k | $488k | $16.5m | $232k | $218k | $13.7m | $210k | $103.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $39.9m | $41.3m | $42.6m | $43.9m | $44.3m | $44.3m | $45.2m | $46.0m | $47.0m | $46.9m | ($45.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $148.9m |
$105.2m
-29.30%
|
$2.2m
-97.89%
|
($105.3m)
-4850.36%
|
$889.0m
+944.54%
|
$728.2m
-18.10%
|
($320.3m)
-143.98%
|
($809.4m)
-152.73%
|
($446.1m)
+44.89%
|
($305.2m)
+31.58%
|
($123.9m)
+59.40%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $247.9m | $510.8m | ($837.8m) | ($103.9m) | $411.2m | ($33.7m) | $301.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $4.3m | $0 | — | ($1.1m) | $300k | ($550k) | ($300k) | |
| Bank Owned Life Insurance Income | — | $0 | $585k | $433k | $0 | $0 | $930k | $279k | $202k | $208k | — | |
| Proceeds from Stock Options Exercised | $24.0m | $24.6m | $13.4m | $13.7m | $2.8m | $3.0m | $2.3m | $950k | $1.5m | $376k | — | |
| Parent Company | $39.9m | $41.3m | $42.6m | $43.9m | $44.3m | $44.3m | $45.2m | $46.0m | $47.0m | $46.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1.9m | $1.9m | $1.8m | $2.0m | $1.9m | $3.9m | $17.4m | $13.7m | — | |
| Income Taxes Paid, Net | $19.3m | $17.4m | $13.6m | $24.5m | $26.5m | $27.7m | $39.8m | $64.0m | $57.3m | $33.0m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $217k | $71k | $34k | $0 | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | ($60k) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $3.5m | $0 | $0 | — | — | — | — | |
| Goodwill | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | $121.7m | — | |
| Income Tax Expense (Benefit) | $21.1m | $37.1m | $19.4m | $24.8m | $26.4m | $30.5m | $43.6m | $59.8m | $50.4m | $40.5m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | $0 | $4.3m | $2k | $6k | ($1.1m) | $300k | — | — | |
| Stock or Unit Option Plan Expense | $1.5m | $1.8m | $2.0m | $1.7m | $1.9m | $1.4m | $1.3m | $1.4m | $1.5m | $1.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.