Westamerica Bancorp. Q4 Profit Declines - Quick Facts

(RTTNews) - Westamerica Bancorp. (WABC) Thursday reported fourth-quarter net income of $16.1 million or $0.60 per share, compared to $19.1 million or $0.70 per share last year.

On average, six analysts polled by Thomson Reuters estimated earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter slid to $40.1 million from $46.3 million last year, while non-interest income edged down to $14.0 million from $14.2 million.

Analysts had a consensus revenue estimate of $53.38 million for the quarter.

Non-interest expense decreased to $28.0 million from $28.2 million a year ago.

Provision for loan losses for the quarter fell to $1.6 million from $2.8 million a year ago. Net loan losses charged against the allowance for loan losses totaled $1.8 million for the quarter, compared with $3.5 million in the prior year.