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    Westamerica Bancorp (WABC)

    Market Price (11/6/2026): $59.87 | Market Cap: $1.4 BilSector: Financials | Industry: Regional Banks

    Westamerica Bancorp (WABC)

    Market Price (11/6/2026): $59.87
    Market Cap: $1.4 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 7.8%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -141%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%

    Low stock price volatility
    Vol 12M is 20%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is -2.8%, Dist 3Y High is -2.8%

    Weak multi-year price returns
    2Y Excs Rtn is -9.1%, 3Y Excs Rtn is -41%

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.7%, Rev Chg QQuarterly Revenue Change % is -2.8%

    Key risks
    WABC key risks include [1] its heavy operational and real estate loan concentration in California and [2] significant, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 7.8%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -141%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%
    3 Low stock price volatility
    Vol 12M is 20%
    4 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
    5 Trading close to highs
    Dist 52W High is -2.8%, Dist 3Y High is -2.8%
    6 Weak multi-year price returns
    2Y Excs Rtn is -9.1%, 3Y Excs Rtn is -41%
    7 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.7%, Rev Chg QQuarterly Revenue Change % is -2.8%
    8 Key risks
    WABC key risks include [1] its heavy operational and real estate loan concentration in California and [2] significant, Show more.

    WABC in ETFs

    Weight = WABC's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.04%
    IJR0.08%
    VIG0.01%
    VB0.02%
    KRE0.32%
    AVUV0.15%
    +14 more covered ETFs

    Valuation & Metrics

    FYE: 12/31WABC [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$251.9 Mil—
    FY 2026 Sales$254.4 Mil—
    FY 2027 Sales$259.0 Mil—
    FY 2026 Sales Growth1.0%—
    FY 2027 Sales Growth1.8%8.7%
    EARNINGS
    LTM Net Income (GAAP) [3]$110.8 Mil—
    FY 2026 Net Income (Non-GAAP)$117.7 Mil—
    FY 2027 Net Income (Non-GAAP)$122.8 Mil—
    FY 2027 Net Income Growth4.3%13.5%
    FY 2026 EPS (Non-GAAP)$4.74—
    FY 2027 EPS (Non-GAAP)$4.94—
    FY 2027 EPS Growth4.3%—
    VALUATION
    FY 2026 P/S5.43.1
    FY 2027 P/S5.3—
    FY 2026 P/E11.718.1
    FY 2027 P/E11.3—

    [1] WABC forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    WABCS&P 500
    REVENUE GROWTHVERY POOR
    Rev LTM ($ Bil)0.3
    Rev Chg Q-2.8%8.9%
    Rev Chg LTM-8.3%8.6%
    Rev Chg 3Y Avg-6.7%6.3%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.1
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM44.2%21.5%
    Net Inc Mgn44.0%13.5%
    VALUATIONMODERATE
    P/S5.53.3
    P/CFO12.515.7
    P/FCF12.820.6
    P/E12.622.9

    AI Analysis | Feedback

    MetricValueDateSource
    Nonperforming Assets2.6 million9302025Link
    Allowance for Credit Losses on Loans11.9 million9302025Link
    Efficiency Ratio40%9302025Link
    Annualized Cost of Funding0.26%9302025Link
    Return on Average Common Equity (Annualized)10.9%9302025Link
    Percentage of Non-Interest Bearing Checking Accounts46%3312025Link

    Price Chart

    Recent
    10/15/2026Earnings ReleaseRev: $64 Mil (A) vs. $63 Mil (E)
    EPS: 1.22 (A) vs. $1.17 (E)
    11/02/2026DividendAmount: $0.48
    Payment On: 11/13/2026
    Upcoming
    1/14/2027Earnings ReleaseRev: $64 Mil (E)
    EPS: $1.22 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 11/1/2026

    Westamerica Bancorp (WABC) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

    1. Westamerica Bancorp reported strong fiscal Q3 2026 earnings that surpassed analyst expectations.

    For the fiscal quarter ending September 30, 2026, the company announced diluted earnings per share (EPS) of $1.22, exceeding the consensus analyst estimate of $1.19 by $0.03. Net income for the quarter reached $28.2 million, showing an increase from $27.4 million in the prior fiscal quarter. This positive earnings surprise contributed to the stock's upward movement, with shares rising +2.49% on the day of the announcement.

    2. The company experienced an expansion in its net interest income and net interest margin.

    Westamerica Bancorp's net interest income on a fully taxable-equivalent basis increased to $53.5 million in fiscal Q3 2026, up from $52.7 million in fiscal Q2 2026. Concurrently, the annualized net interest margin improved to 3.81% from 3.77% sequentially. This growth was supported by the broader economic environment of higher interest rates, which allowed regional banks like Westamerica to achieve better lending rates while maintaining relatively stable funding costs.

    Show more
    Updated on 11/1/2026

    Westamerica Bancorp (WABC) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

    1. Westamerica Bancorp reported strong fiscal Q3 2026 earnings that surpassed analyst expectations.

    For the fiscal quarter ending September 30, 2026, the company announced diluted earnings per share (EPS) of $1.22, exceeding the consensus analyst estimate of $1.19 by $0.03. Net income for the quarter reached $28.2 million, showing an increase from $27.4 million in the prior fiscal quarter. This positive earnings surprise contributed to the stock's upward movement, with shares rising +2.49% on the day of the announcement.

    2. The company experienced an expansion in its net interest income and net interest margin.

    Westamerica Bancorp's net interest income on a fully taxable-equivalent basis increased to $53.5 million in fiscal Q3 2026, up from $52.7 million in fiscal Q2 2026. Concurrently, the annualized net interest margin improved to 3.81% from 3.77% sequentially. This growth was supported by the broader economic environment of higher interest rates, which allowed regional banks like Westamerica to achieve better lending rates while maintaining relatively stable funding costs.

    3. Consistent shareholder returns through dividends and share repurchases bolstered investor confidence.

    During the period, Westamerica Bancorp continued its program of returning capital to shareholders, declaring a quarterly cash dividend of $0.48 per share. Additionally, the company actively managed its capital by retiring 51 thousand common shares through its share repurchase plan during fiscal Q3 2026. These actions signaled financial stability and a commitment to shareholder value.

    4. Positive analyst sentiment and upward revisions to price targets provided additional momentum.

    WABC maintained a "Moderate Buy" consensus rating from Wall Street analysts. The average price target for the stock stood at $65.00, indicating a projected upside of 7.03% from its price around October 21, 2026. Notably, Keefe, Bruyette & Woods, a prominent investment firm, raised its price target for Westamerica Bancorp to $65 from $64, reflecting growing analyst confidence in the company's future performance.

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    Stock Movement Drivers

    Fundamental Drivers

    The 1.0% change in WABC stock from 7/31/2026 to 11/5/2026 was primarily driven by a 4.3% change in the company's Shares Outstanding (Mil).
    (LTM values as of)731202611052026Change
    Stock Price ($)59.2059.771.0%
    Change Contribution By: 
    Total Revenues ($ Mil)254252-0.7%
    Net Income Margin (%)44.3%44.0%-0.8%
    P/E Multiple12.812.6-1.7%
    Shares Outstanding (Mil)24234.3%
    Cumulative Contribution1.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2026 to 11/5/2026
    ReturnCorrelation
    WABC1.0% 
    Market (SPY)-1.9%18.7%
    Sector (XLF)1.0%54.4%

    Fundamental Drivers

    The 11.8% change in WABC stock from 4/30/2026 to 11/5/2026 was primarily driven by a 9.9% change in the company's P/E Multiple.
    (LTM values as of)430202611052026Change
    Stock Price ($)53.4859.7711.8%
    Change Contribution By: 
    Total Revenues ($ Mil)258252-2.4%
    Net Income Margin (%)45.0%44.0%-2.3%
    P/E Multiple11.412.69.9%
    Shares Outstanding (Mil)25236.6%
    Cumulative Contribution11.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 11/5/2026
    ReturnCorrelation
    WABC11.8% 
    Market (SPY)2.3%9.6%
    Sector (XLF)10.7%50.7%

    Fundamental Drivers

    The 31.0% change in WABC stock from 10/31/2025 to 11/5/2026 was primarily driven by a 35.0% change in the company's P/E Multiple.
    (LTM values as of)1031202511052026Change
    Stock Price ($)45.6259.7731.0%
    Change Contribution By: 
    Total Revenues ($ Mil)275252-8.3%
    Net Income Margin (%)46.2%44.0%-4.8%
    P/E Multiple9.312.635.0%
    Shares Outstanding (Mil)262311.1%
    Cumulative Contribution31.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2025 to 11/5/2026
    ReturnCorrelation
    WABC31.0% 
    Market (SPY)8.4%18.9%
    Sector (XLF)11.1%47.2%

    Fundamental Drivers

    The 42.1% change in WABC stock from 10/31/2023 to 11/5/2026 was primarily driven by a 73.6% change in the company's P/E Multiple.
    (LTM values as of)1031202311052026Change
    Stock Price ($)42.0659.7742.1%
    Change Contribution By: 
    Total Revenues ($ Mil)312252-19.2%
    Net Income Margin (%)49.7%44.0%-11.5%
    P/E Multiple7.212.673.6%
    Shares Outstanding (Mil)272314.3%
    Cumulative Contribution42.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2023 to 11/5/2026
    ReturnCorrelation
    WABC42.1% 
    Market (SPY)81.3%38.6%
    Sector (XLF)85.5%59.4%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    WABC Return7%5%-1%-4%-5%29%32%
    Peers Return21%-38%-12%-30%-16%-12%-66%
    S&P 500 Return27%-19%24%23%16%12%105%

    Monthly Win Rates [3]
    WABC Win Rate50%50%42%42%42%82% 
    Peers Win Rate60%50%50%33%56%59% 
    S&P 500 Win Rate75%42%67%75%67%45% 

    Max Drawdowns [4]
    WABC Max Drawdown-18%-16%-36%-20%-16%-7% 
    Peers Max Drawdown-24%-46%-55%-43%-43%-46% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: NEWT, ATLO, GBC, NARA, SHFS.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 11/5/2026 (YTD)

    How Low Can It Go

    EventWABCS&P 500
    2025 US Tariff Shock
      % Loss-12.4%-18.8%
      % Gain to Breakeven14.1%23.1%
      Time to Breakeven27 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-11.8%-9.5%
      % Gain to Breakeven13.4%10.5%
      Time to Breakeven36 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-34.1%-6.7%
      % Gain to Breakeven51.8%7.1%
      Time to Breakeven211 days31 days
    2020 COVID-19 Crash
      % Loss-28.0%-33.7%
      % Gain to Breakeven38.9%50.9%
      Time to Breakeven361 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-12.7%-19.2%
      % Gain to Breakeven14.6%23.8%
      Time to Breakeven27 days105 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-15.9%-12.2%
      % Gain to Breakeven18.9%13.9%
      Time to Breakeven39 days62 days

    Compare to NEWT, ATLO, GBC, NARA, SHFS

    In The Past

    Westamerica Bancorp's stock fell -12.4% during the 2025 US Tariff Shock. Such a loss loss requires a 14.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventWABCS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-34.1%-6.7%
      % Gain to Breakeven51.8%7.1%
      Time to Breakeven211 days31 days
    2020 COVID-19 Crash
      % Loss-28.0%-33.7%
      % Gain to Breakeven38.9%50.9%
      Time to Breakeven361 days140 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-24.1%-17.9%
      % Gain to Breakeven31.7%21.8%
      Time to Breakeven123 days123 days
    2008-2009 Global Financial Crisis
      % Loss-26.0%-53.4%
      % Gain to Breakeven35.2%114.4%
      Time to Breakeven14 days1085 days

    Compare to NEWT, ATLO, GBC, NARA, SHFS

    In The Past

    Westamerica Bancorp's stock fell -12.4% during the 2025 US Tariff Shock. Such a loss loss requires a 14.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Westamerica Bancorp (WABC)

    ```html

    Westamerica Bancorp (WABC) operates as a bank holding company for Westamerica Bank, offering a comprehensive suite of banking products and services. The company primarily caters to both individual and commercial customers, focusing its operations across 78 branch offices located in 21 counties throughout Northern and Central California.

    The bank's core offerings include various deposit products such as retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio is diverse, featuring commercial loans, commercial and residential real estate loans, real estate construction loans, consumer installment loans, and indirect automobile loans.

    ```

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Westamerica Bancorp (WABC):

    • Think of it as a regional Wells Fargo for Northern and Central California.
    • It's like the Bank of America, but exclusively focused on communities in Northern and Central California.

    AI Analysis | Feedback

    • Deposit Products:
      • Retail savings accounts: Accounts designed for individuals to save money.
      • Checking accounts: Transactional accounts used for daily spending and payments.
      • Certificates of deposit (CDs): Time deposits offering a fixed interest rate for a specific period.
    • Loan Products:
      • Commercial loans: Funds provided to businesses for various operational or expansion needs.
      • Commercial and residential real estate loans: Financing for the purchase or development of properties.
      • Real estate construction loans: Funds specifically for financing the building of new properties.
      • Consumer installment loans: Personal loans repaid in regular, fixed payments over time.
      • Indirect automobile loans: Loans facilitated for vehicle purchases, often through dealerships.

    AI Analysis | Feedback

    Westamerica Bancorp (WABC) primarily serves two main categories of customers:

    • Individual Customers: These include individuals who utilize Westamerica Bank's retail savings and checking accounts, certificates of deposit, and consumer installment or indirect automobile loans.
    • Commercial Customers: These are businesses and other organizations that use the bank's commercial loans, commercial and residential real estate loans, real estate construction loans, and other business banking services.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    David L. Payne Chairman, President and Chief Executive Officer

    David L. Payne has served as Chairman since 1988 and Chief Executive Officer since January 1989. He also manages his family printing, publishing, and cable television business. He has successfully negotiated and led Westamerica Bancorporation through numerous mergers, including those with John Muir National Bank, Napa Valley Bancorporation, PV Financial, CapitolBank - Sacramento, North Bay Bancorp, ValliCorp Holdings, First Counties Bank, Kerman State Bank, Redwood Empire Bancorp, County Bank, and Sonoma Valley Bank.

    Anela Jonas Senior Vice President, Chief Financial Officer

    Anela Jonas was appointed Chief Financial Officer effective June 27, 2024. She has been with Westamerica Bancorporation for thirteen years and previously held the position of Controller within the Finance and Administration Division.

    Brian Donohoe Senior Vice President & Chief Information Officer

    Brian Donohoe serves as the Senior Vice President and Chief Information Officer for Westamerica Bancorporation.

    Russell W. Rizzardi Senior Vice President & Chief Credit Administrator of Westamerica Bank

    Russell W. Rizzardi has served as Senior Vice President and Chief Credit Administrator of Westamerica Bank since 2008.

    Robert Baker Senior Vice President, Banking Division Manager

    Robert Baker holds the position of Senior Vice President and Banking Division Manager at Westamerica Bancorporation.

    AI Analysis | Feedback

    The key risks to Westamerica Bancorp's business operations include interest rate sensitivity, its concentrated operations in California real estate markets, and securities valuation volatility.

    1. Interest Rate Sensitivity and Net Interest Margin Compression: A primary risk for Westamerica Bancorp is its sensitivity to interest rate fluctuations, which directly impacts its net interest margin. The company has experienced a decline in net interest income and a compression of its net interest margin, affecting its overall profitability.
    2. Concentrated Operations in California Real Estate Markets: Westamerica Bancorp's operations are concentrated in 21 counties in Northern and Central California, and its loan portfolio heavily features commercial, commercial and residential real estate, and real estate construction loans. This concentration exposes the company to significant risks from adverse economic or market developments within California's real estate sector.
    3. Securities Valuation Volatility: The company's balance sheet is characterized by a significant allocation to debt securities rather than loans. This structure makes Westamerica Bancorp particularly vulnerable to volatility in securities valuations and the risk of unrealized losses, especially during periods of interest rate fluctuations.

    AI Analysis | Feedback

    The clear emerging threat for Westamerica Bancorp is the increasing competition from digital-first banks (neobanks) and specialized online lenders. These fintech companies operate with significantly lower overhead due to the absence of a physical branch network, enabling them to offer more competitive rates, lower fees, and superior digital user experiences. This model directly challenges Westamerica's traditional, branch-heavy banking model, threatening its ability to attract and retain deposits and loan customers, especially among younger and digitally-savvy demographics.

    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

    Share Repurchases

    • Westamerica Bancorporation approved a plan on December 18, 2025, to repurchase up to 2,000,000 shares of common stock through December 31, 2026. This authorization represents approximately 8.0% of shares outstanding as of September 30, 2025.
    • In 2025, the company repurchased approximately 2 million shares valued at $104 million.
    • During the fourth quarter of 2025, Westamerica retired 485,000 common shares through its share repurchase plan at an average price of $48.13.

    Share Issuance

    • In 2025, the company generated $376 thousand from the exercise of stock options.
    • During 2023, 22 thousand shares were issued due to the exercise of nonqualified stock options.
    • In 2022, 40 thousand shares were issued from the exercise of nonqualified stock options.

    Capital Expenditures

    • For the fourth quarter of 2025, Westamerica Bancorporation invested $626 thousand in capital expenditures.

    Peer Outperformance in Regional Banks

    WABC has trailed 69% of its 262 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that WABC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    50%
    of 281 industry peers · 29.9% return
    3Y
    11%
    of 273 industry peers · 35.9% return
    5Y
    31%
    of 262 industry peers · 24.4% return
    No Regional Banks peer with a comparable growth profile has beaten WABC by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is WABC's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
    Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
    Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
    Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
    Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
    Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
    Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
    Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
    Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
    Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
    Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
    Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
    Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
    Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
    Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
    Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
    Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
    Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

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    ULHUniversal Logistics0.872.3%97.6%
    TDOCTeladoc Health1.769.2%34.4%
    SGRYSurgery Partners3.069.0%50.0%
    LQDALiquidia4.066.8%29.0%
    ENOVEnovis1.662.5%7.4%
    BRZEBraze5.161.0%33.6%
    UPBDUpbound1.559.3%51.6%
    COAGHemab Therapeutics1.458.8%34.0%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    CIFRCipher Digital2.3-61.9%-62.4%
    AAOIApplied Optoelectronics3.8-61.7%34.5%
    FRMIFermi1.0-61.5%-80.9%
    MXLMaxLinear4.0-58.7%154.2%
    AESIAtlas Energy Solutions0.7-57.3%-43.5%
    FPSForgent Power Solutions4.7-55.2%-37.2%
    STRLSterling Infrastructure7.5-54.3%-20.2%
    LITELumentum43.5-54.1%38.3%
    AXTIAXT2.2-54.0%124.6%
    ICHRIchor1.0-54.0%52.1%

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    Peer Comparisons

    Peers to compare with:

    Financials

    WABCNEWTATLOGBCNARASHFSMedian
    NameWestamer.NewtekOneAmes Nat.Georgia .Narragan.SHF  
    Mkt Price59.8710.6034.0033.7710.860.0422.32
    Mkt Cap1.40.30.3---0.3
    Rev LTM25227773-130-191
    Op Inc LTM-------
    FCF LTM109-74021-7-14
    FCF 3Y Avg121-37317---17
    CFO LTM111-73922-11-17
    CFO 3Y Avg123-37319---19

    Growth & Margins

    WABCNEWTATLOGBCNARASHFSMedian
    NameWestamer.NewtekOneAmes Nat.Georgia .Narragan.SHF  
    Rev Chg LTM-8.3%7.8%21.3%---7.8%
    Rev Chg 3Y Avg-6.7%26.8%8.1%---8.1%
    Rev Chg Q-2.8%7.0%18.5%---7.0%
    QoQ Delta Rev Chg LTM-0.7%1.7%4.3%---1.7%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM44.2%-267.4%30.3%-8.5%-19.4%
    CFO/Rev 3Y Avg44.2%-138.6%30.2%---30.2%
    FCF/Rev LTM43.1%-267.5%28.9%-5.5%-17.2%
    FCF/Rev 3Y Avg43.5%-138.7%27.9%---27.9%

    Valuation

    WABCNEWTATLOGBCNARASHFSMedian
    NameWestamer.NewtekOneAmes Nat.Georgia .Narragan.SHF  
    Mkt Cap1.40.30.3---0.3
    P/S5.51.14.2---4.2
    P/Op Inc-------
    P/EBIT-------
    P/E12.64.613.1---12.6
    P/CFO12.5-0.413.7---12.5
    Total Yield11.2%31.6%10.2%---11.2%
    Dividend Yield3.3%10.0%2.6%---3.3%
    FCF Yield 3Y Avg9.3%-103.1%8.5%---8.5%
    D/E0.01.80.1---0.1
    Net D/E-1.40.6-1.6----1.4

    Returns

    WABCNEWTATLOGBCNARASHFSMedian
    NameWestamer.NewtekOneAmes Nat.Georgia .Narragan.SHF  
    1M Rtn2.8%-5.3%5.4%-11.8%0.6%-94.8%-2.4%
    3M Rtn1.1%-27.9%9.0%-11.8%0.6%-98.3%-5.6%
    6M Rtn10.9%-20.1%20.8%-11.8%0.6%-99.3%-5.6%
    12M Rtn30.2%7.5%64.7%-11.8%0.6%-99.9%4.0%
    3Y Rtn36.1%-15.6%114.9%-11.8%0.6%-100.0%-5.6%
    1M Excs Rtn4.9%-1.7%8.1%-10.3%2.0%-92.1%0.2%
    3M Excs Rtn2.9%-19.4%10.5%-10.9%1.4%-97.0%-4.7%
    6M Excs Rtn6.1%-24.8%16.0%-16.6%-4.2%-105.9%-10.4%
    12M Excs Rtn17.6%-5.9%55.1%-25.3%-13.0%-118.5%-9.4%
    3Y Excs Rtn-41.1%-90.5%42.6%-95.2%-82.7%-214.6%-86.6%

    Comparison Analyses

    null

    FDIC Bank Data

    Bank Assets

    Bank Loans

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/5/20265/8/20262/27/202611/7/20258/6/20255/9/20252/28/202511/8/20248/8/20245/9/20242/29/202411/8/2023
    Key Financials Quarterly            
    Total Revenue636263646566707474768083
    Net Income272728282931323535363942
    EPS1.171.131.121.121.121.161.191.311.331.371.481.56
    Key Financials TTM            
    Total Revenue TTM252254258264275284294305313320324322
    Net Income TTM111112116120127133139146153158162162
    Growth Rates Quarterly            
    Total Revenue Growth-2.8%-6.5%-9.0%-14.0%-13.0%-12.4%-13.4%-10.7%-7.8%-4.8%1.5%15.1%
    Net Income Growth-5.8%-11.9%-12.3%-19.4%-18.0%-14.8%-19.7%-15.7%-11.9%-10.0%0.3%19.7%
    Margins Quarterly            
    Net Income Margin43.6%44.1%43.9%44.3%45.0%46.7%45.6%47.3%47.8%48.0%49.1%50.1%
    Cash & Debt            
    Total Cash1,9862,0182,1161,9771,8501,9023,9973,0052,9302,9034,1902,824
    Total Debt22212222202018192192201919
    Net Debt / (Cash)-1,964-1,997-2,094-1,955-1,830-1,882-3,979-2,986-2,712-2,683-4,171-2,805
    Cash Flows Quarterly            
    FCF from Operations16402729244230411952-859
    Cash Flows TTM            
    FCF from Operations TTM111119122125136132142104122155158208
    Returns to Shareholders Quarterly            
    Dividends111111121212121212121212
    Share Repurchases425123243818-0-0-00-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Single Segment258294324265215
    Total258294324265215


    Price Behavior

    Price Behavior
    Market Price$59.77 
    Market Cap ($ Bil)1.4 
    First Trading Date03/17/1992 
    Distance from 52W High-2.8% 
       50 Days200 Days
    DMA Price$59.28$55.38
    DMA Trendindeterminateup
    Distance from DMA0.8%7.9%
     3M1YR
    Volatility18.9%19.6%
    Downside Capture-4.7611.98
    Upside Capture22.0544.85
    Correlation (S&P 500)1.4%15.7%
    WABC Betas & Captures as of 10/31/2026

     1M2M3M6M1Y3Y
    Beta-0.18-0.070.02-0.000.230.63
    Up Beta-3.36-1.53-0.33-0.240.270.66
    Down Beta0.08-0.01-0.20-0.100.050.66
    Up Capture22%27%19%20%33%27%
    Bmk +ve Days12182862130427
    Stock +ve Days11233263128386
    Down Capture-42%-11%12%-6%17%81%
    Bmk -ve Days10253664121325
    Stock -ve Days11203262119360

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WABC
    WABC31.0%19.6%1.24-
    Sector ETF (XLF)11.1%15.2%0.4747.2%
    Equity (SPY)9.5%13.6%0.4119.1%
    Gold (GLD)3.6%28.7%0.11-4.3%
    Commodities (DBC)37.7%21.2%1.40-22.6%
    Real Estate (VNQ)12.0%14.2%0.5533.4%
    Bitcoin (BTCUSD)-20.8%43.3%-0.42-0.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WABC
    WABC5.3%25.2%0.18-
    Sector ETF (XLF)9.1%18.4%0.3657.6%
    Equity (SPY)11.3%17.3%0.4840.3%
    Gold (GLD)17.5%19.1%0.74-2.7%
    Commodities (DBC)8.0%19.6%0.293.8%
    Real Estate (VNQ)1.2%18.9%-0.0545.2%
    Bitcoin (BTCUSD)5.9%51.5%0.2914.9%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WABC
    WABC5.4%26.9%0.22-
    Sector ETF (XLF)13.3%22.1%0.5468.1%
    Equity (SPY)14.9%18.0%0.7051.7%
    Gold (GLD)12.0%16.5%0.59-5.8%
    Commodities (DBC)7.6%18.1%0.3312.8%
    Real Estate (VNQ)5.7%20.7%0.2347.1%
    Bitcoin (BTCUSD)61.3%66.2%1.0112.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date10152026
    Short Interest: Shares Quantity0.9 Mil
    Short Interest: % Change Since 93020266.6%
    Average Daily Volume0.2 Mil
    Days-to-Cover Short Interest5.0 days
    Basic Shares Quantity23.3 Mil
    Short % of Basic Shares3.9%

    Returns Analyses

    Earnings Returns History

    Updated 10/25/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/15/20260.6%1.7% 
    7/16/2026-1.8%-3.4%-3.4%
    4/16/20260.7%1.8%1.0%
    1/15/2026-2.0%-2.0%4.3%
    10/16/20251.9%3.1%5.8%
    7/17/2025-1.2%-3.5%-3.1%
    4/17/2025-0.2%4.9%8.9%
    1/16/20252.0%0.9%-1.4%
    ...
    SUMMARY STATS   
    # Positive151217
    # Negative10137
    Median Positive2.0%3.4%4.3%
    Median Negative-1.0%-2.3%-3.9%
    Max Positive7.0%14.1%15.7%
    Max Negative-4.5%-8.3%-9.5%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/15/20260.6%1.7% 
    7/16/2026-1.8%-3.4%-3.4%
    4/16/20260.7%1.8%1.0%
    1/15/2026-2.0%-2.0%4.3%
    10/16/20251.9%3.1%5.8%
    7/17/2025-1.2%-3.5%-3.1%
    4/17/2025-0.2%4.9%8.9%
    1/16/20252.0%0.9%-1.4%
    10/17/2024-0.2%-0.0%10.8%
    7/18/2024-1.5%0.1%-8.7%
    4/18/20242.7%3.6%11.6%
    1/18/2024-4.5%-8.3%-9.5%
    10/19/20232.0%5.8%13.2%
    7/20/20230.5%6.1%0.6%
    4/20/2023-0.5%-2.6%-6.0%
    1/19/20233.2%2.1%4.6%
    10/20/20227.0%14.1%15.7%
    7/21/20224.3%5.5%7.0%
    4/21/20221.4%-0.4%-3.9%
    1/20/2022-0.8%-2.3%2.3%
    10/21/20212.7%-0.8%1.9%
    7/15/2021-0.3%-4.0%3.5%
    4/15/20211.2%-1.2%0.9%
    1/21/20212.4%-5.5%3.7%
    10/15/20200.3%-1.8%4.3%
    SUMMARY STATS   
    # Positive151217
    # Negative10137
    Median Positive2.0%3.4%4.3%
    Median Negative-1.0%-2.3%-3.9%
    Max Positive7.0%14.1%15.7%
    Max Negative-4.5%-8.3%-9.5%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/05/202610-Q
    03/31/202605/08/202610-Q
    12/31/202502/27/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202302/29/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/08/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/05/202610-Q
    03/31/202605/08/202610-Q
    12/31/202502/27/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202302/29/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/08/202210-Q
    06/30/202208/08/202210-Q
    03/31/202205/09/202210-Q
    12/31/202102/28/202210-K
    09/30/202111/03/202110-Q
    06/30/202108/04/202110-Q
    03/31/202105/05/202110-Q
    12/31/202002/25/202110-K
    09/30/202011/05/202010-Q
    06/30/202008/05/202010-Q
    03/31/202005/06/202010-Q
    12/31/201902/28/202010-K
    09/30/201911/04/201910-Q

    Insider Activity

    Updated 7/20/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Wondeh, Inez DirectBuy423202653.78613,28154,161Form
    2Baker, Robert James JRSVP/Banking Division ManagerDirectSell420202653.83759  Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Wondeh, Inez DirectBuy423202653.78613,28154,161Form
    2Baker, Robert James JRSVP/Banking Division ManagerDirectSell420202653.83759  Form

    Industry Resources

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