Westamerica Bancorp Q4 Profit Falls, But Beats Estimates

(RTTNews) - Westamerica Bancorp (WABC) released earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $31.70 million, or $1.19 per share. This compares with $39.47 million, or $1.48 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.4% to $69.880 million from $80.730 million last year.

Westamerica Bancorp earnings at a glance (GAAP) :

-Earnings (Q4): $31.70 Mln. vs. $39.47 Mln. last year. -EPS (Q4): $1.19 vs. $1.48 last year. -Revenue (Q4): $69.880 Mln vs. $80.730 Mln last year.