Westamerica Profit In Line With Estimates

(RTTNews) - Westamerica Bancorp (WABC) on Wednesday reported first-quarter net earnings of $14.6 million or $0.57 per share compared with $15.3 million or $0.58 per share last year.

Analysts polled by Thomson Reuters estimated earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest and fee income for the quarter fell to $36.9 million from $38.9 million in the prior year. Non interest income was lower at $12.3 million compared with $13 million last year.

Analysts estimated revenues of $48.2 million for the quarter.

Net interest margin for the quarter slid to 3.43% from 3.83% a year ago.