Westamerica Bancorporation (WABC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el intrincado mundo de Westamerica Bancorporation (WABC), una potencia bancaria regional que ha creado magistralmente su estrategia comercial a través de un lienzo de modelo comercial integral. Este enfoque innovador revela cómo WABC aprovecha sus raíces profundas de California, infraestructura digital de vanguardia y soluciones bancarias personalizadas para crear una propuesta de valor única que lo distinga en el panorama financiero competitivo. Desde asociaciones locales estratégicas hasta plataformas tecnológicas avanzadas, el modelo del banco demuestra un enfoque matizado para servir a pequeñas empresas, clientes individuales y mercados regionales con una notable precisión y un enfoque centrado en el cliente.

Westamerica Bancorporation (WABC) - Modelo de negocios: asociaciones clave

Alianza estratégica con empresas locales en California

Westamerica Bancorporation mantiene asociaciones estratégicas con empresas locales en California, centrándose en regiones específicas:

Región	Número de asociaciones comerciales locales	Volumen de transacción anual
Norte de California	387 negocios	$ 214.6 millones
California central	256 negocios	$ 142.3 millones
Sur de California	312 negocios	$ 189.7 millones

Asociaciones con proveedores de tecnología financiera

Las asociaciones clave de fintech incluyen:

• FISERV - Plataforma de tecnología bancaria central
• Jack Henry & Asociados - Soluciones de banca digital
• Visa - Infraestructura de procesamiento de pagos

Colaboración con bancos comunitarios y cooperativas de crédito

Tipo de socio	Número de asociaciones	Valor de servicio compartido
Bancos comunitarios	42 instituciones	$ 87.5 millones
Coeficientes de crédito	23 instituciones	$ 45.2 millones

Relaciones con empresas de cumplimiento regulatoria

Detalles de la asociación de cumplimiento:

• Proveedores de tecnología regulatoria:
  • Cumplimiento a la presentación de informes regulatorios
  • Wolters Kluwer - Soluciones de gestión de riesgos
• Inversión anual de asociación de cumplimiento: $ 3.7 millones

Westamerica Bancorporation (WABC) - Modelo de negocios: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, Westamerica Bancorporation reportó activos totales de $ 8.4 mil millones. El banco sirve principalmente en California con 95 sucursales.

Servicio bancario	Volumen total (2023)
Cartera de préstamos comerciales	$ 3.2 mil millones
Cuentas bancarias personales	156,000 cuentas activas
Saldo de depósito promedio	$ 287,500 por cuenta

Préstamos para pequeñas empresas

En 2023, Westamerica proporcionó préstamos para pequeñas empresas con las siguientes características:

• Cartera total de préstamos para pequeñas empresas: $ 1.7 mil millones
• Tamaño promedio del préstamo para pequeñas empresas: $ 425,000
• Tasa de aprobación del préstamo: 62.3%

Gestión de la plataforma de banca digital

Métricas de banca digital para 2023:

Métrica de banca digital	Valor
Usuarios de banca móvil	89,000
Volumen de transacciones en línea	3.2 millones de transacciones mensuales
Inversión bancaria digital	$ 12.5 millones

Gestión de riesgos y asesoramiento financiero

Asignación de gestión de riesgos: $ 45.6 millones de presupuesto operativo en 2023.

• Personal de cumplimiento: 87 empleados
• Cobertura de evaluación de riesgos: 100% de la cartera de préstamos
• Clasificación de cumplimiento regulatorio: excelente

Desarrollo de productos de depósito e inversión

Rendimiento del producto de inversión en 2023:

Tipo de producto	Activos totales bajo administración	Retorno promedio
Certificados de depósito	$ 1.3 mil millones	4.2%
Cuentas del mercado monetario	$ 980 millones	3.7%
Cuentas de jubilación de inversión	$ 620 millones	5.1%

Westamerica Bancorporation (WABC) - Modelo de negocios: recursos clave

Red bancaria regional fuerte en California

A partir del cuarto trimestre de 2023, Westamerica Bancorporation opera:

Ubicaciones de ramas	96 ramas totales
Cobertura geográfica	Principalmente del norte y centro de California
Activos totales	$ 10.9 mil millones

Infraestructura de banca digital avanzada

Capacidades de banca digital:

• Plataforma bancaria en línea con Cifrado de 256 bits
• Aplicación de banca móvil con monitoreo de transacciones en tiempo real
• Volumen de transacción digital: 68% de las transacciones totales en 2023

Equipo experimentado de gestión financiera

Total de empleados	724 a partir de diciembre de 2023
Experiencia de gestión promedio	15.6 años
Tenencia de liderazgo ejecutivo	Promedio de 8.3 años

Base de datos de clientes robusta

Métricas de la base de clientes:

• Cuentas totales de clientes: 138,500
• Clientes de banca comercial: 22,400
• Clientes de banca personal: 116,100

Sistemas de tecnología bancaria patentada

Inversión tecnológica	$ 6.2 millones en 2023
Personal de TI	78 profesionales de tecnología dedicados
Tiempo de actividad del sistema	99.97% en 2023

Westamerica Bancorporation (WABC) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas locales

A partir del cuarto trimestre de 2023, Westamerica Bancorporation reportó $ 11.9 mil millones en activos totales, con un enfoque en servir a negocios en California y Oregón.

Categoría de préstamos comerciales	Valor total de la cartera
Préstamos inmobiliarios comerciales	$ 3.2 mil millones
Préstamos para pequeñas empresas	$ 1.7 mil millones
Comercial & Préstamos industriales	$ 2.1 mil millones

Tasas de interés competitivas y tarifas bajas

Tasas de interés promedio de préstamos para pequeñas empresas: 5.75% - 7.25% a partir de enero de 2024.

• Tarifa mensual de mantenimiento mensual de la cuenta comercial: $ 0
• Servicios bancarios en línea: gratis
• Saldo mínimo de la cuenta de ahorro empresarial: $ 500

Servicio al cliente receptivo y basado en relaciones

Métrica de servicio al cliente	Actuación
Tiempo de respuesta promedio	Menos de 2 horas
Tasa de satisfacción del cliente	4.6/5
Gerentes de relaciones dedicadas	87% de clientes comerciales

Plataformas integrales de banca digital y móvil

Características de la plataforma de banca digital a partir de 2024:

• Depósito de cheque móvil
• Monitoreo de transacciones en tiempo real
• Solicitudes de préstamos en línea
• Apertura de cuenta digital

Productos financieros especializados para mercados regionales

Producto	Enfoque regional	Cartera total
Préstamos para negocios agrícolas	Valle Central de California	$ 456 millones
Financiación de inicio de tecnología	Valle de Silicon	$ 312 millones
Banca de la industria del vino	Condados de Napa y Sonoma	$ 189 millones

Westamerica Bancorporation (WABC) - Modelo de negocios: relaciones con los clientes

Gestión de relaciones personalizadas

A partir del cuarto trimestre de 2023, Westamerica Bancorporation mantiene 97 ramas de servicio completo en California. La gestión de la relación con el cliente se centra en experiencias bancarias personalizadas con un tiempo de interacción promedio de clientes de 22.4 minutos por visita.

Métrica de relación con el cliente	2023 datos
Base total de clientes	174,563 clientes
Promedio de la tenencia del cliente	8.7 años
Tasa anual de retención de clientes	87.3%

Soporte de rama local e interacciones cara a cara

Cobertura de la red de sucursales:

• Condados de California servidos: 17
• Personal de sucursal promedio: 6-8 empleados por ubicación
• Empleados de la sucursal total: 732

Canales de atención al cliente digital

Canal digital	Porcentaje de uso
Banca móvil	62.4%
Banca en línea	73.2%
Chat de servicio al cliente	18.6%

Estrategias de retención de clientes a largo plazo

Las estrategias de retención de clientes de Westamerica Bancorporation incluyen:

• Tasa de participación del programa de fidelización: 44.7%
• Productos de venta cruzada promedio por cliente: 2.3
• Calificación de satisfacción del cliente: 4.2/5

Servicios de consulta financiera personalizada

Tipo de consulta	Volumen anual
Consultas bancarias personales	24,567
Consultas de banca de negocios	8,342
Consultas de gestión de patrimonio	3,215

Westamerica Bancorporation (WABC) - Modelo de negocios: canales

Red de sucursales bancarias físicas

A partir de 2024, Westamerica Bancorporation opera 90 sucursales bancarios físicos ubicados principalmente en California.

Tipo de rama	Número de ramas	Cobertura geográfica
Ramas de servicio completo	75	California
Ramas de servicio limitadas	15	California

Plataforma bancaria en línea

Westamerica ofrece servicios integrales de banca digital a través de su plataforma segura en línea.

• Plataforma digital lanzada en 2010
• Admite el 98.5% de las transacciones bancarias
• Autenticación segura de múltiples factores

Aplicación de banca móvil

Aplicación de banca móvil con 125,000 usuarios activos a partir del cuarto trimestre 2023.

Características de la aplicación móvil	Disponibilidad
Depósito de cheque móvil	Disponible
Pago de facturas	Disponible
Fondos de transferencia	Disponible

Servicios de banca telefónica

Atención al cliente 24/7 con un tiempo de espera promedio de 3.5 minutos.

• Sistema de banca telefónica automatizada
• Soporte de representantes de clientes en vivo
• Opciones de soporte multilingües

Red de cajeros automáticos

Westamerica mantiene 135 cajeros automáticos patentados en California.

Tipo de cajero automático	Número de cajeros automáticos	Capacidad de transacción
Cajeros automáticos	135	Transacción completa
ATM de red de socios	500+	Transacción limitada

Westamerica Bancorporation (WABC) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas en California

A partir del cuarto trimestre de 2023, Westamerica Bancorporation sirve aproximadamente 12.500 empresas pequeñas a medianas en California.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	4,750	$375,000
Servicios profesionales	3,250	$425,000
Empresas tecnológicas	2,500	$550,000

Clientes de banca minorista individual

Westamerica Bancorporation atiende a 285,670 clientes de banca minorista individual al 31 de diciembre de 2023.

• Cuentas corrientes personales: 172,400
• Cuentas de ahorro: 145,300
• Clientes de préstamos personales: 38,500

Gobierno local y entidades municipales

El banco brinda servicios financieros a 127 entidades del gobierno local y municipales en California.

Tipo de entidad	Número de clientes	Volumen bancario municipal total
Gobiernos municipales	62	$ 425 millones
Gobiernos del condado	41	$ 312 millones
Distritos especiales	24	$ 187 millones

Proveedores de servicios profesionales

Westamerica Bancorporation atiende a 5.200 proveedores de servicios profesionales en California.

• Firmas de abogados: 1.450
• Firmas de contabilidad: 1.100
• Prácticas de atención médica: 1.750
• Empresas de consultoría: 900

Clientes del sector agrícola y comercial

A partir de 2023, el banco apoya a 3.750 clientes del sector agrícola y comercial.

Sector	Número de clientes	Tamaño promedio del préstamo comercial
Negocios agrícolas	1,250	$675,000
Fabricación	1,100	$525,000
Construcción	850	$450,000
Comercio mayorista	550	$385,000

Westamerica Bancorporation (WABC) - Modelo de negocio: Estructura de costos

Gastos de mantenimiento de ramas operativas

A partir del año fiscal 2023, Westamerica Bancorporation reportó gastos de mantenimiento de sucursales totales de $ 24.7 millones.

Categoría de gastos	Costo anual ($)
Alquiler y arrendamiento de la instalación	12,350,000
Utilidades	3,850,000
Seguridad de la rama	4,600,000
Mantenimiento y reparaciones	3,900,000

Inversión en infraestructura tecnológica

Los costos de infraestructura tecnológica para 2023 totalizaron $ 37.5 millones.

• IT Hardware Investments: $ 8.2 millones
• Licencias de software: $ 12.6 millones
• Sistemas de ciberseguridad: $ 6,9 millones
• Infraestructura de red: $ 9.8 millones

Salarios y beneficios de los empleados

La compensación total de los empleados para 2023 fue de $ 189.4 millones.

Categoría de compensación	Costo anual ($)
Salarios base	142,050,000
Bonos de rendimiento	22,728,000
Seguro médico	14,662,000
Beneficios de jubilación	9,960,000

Costos de cumplimiento regulatorio

Los gastos anuales de cumplimiento regulatorio ascendieron a $ 16.3 millones en 2023.

• Tarifas legales y de consultoría: $ 7.2 millones
• Software de cumplimiento: $ 3.5 millones
• Capacitación y educación: $ 2.8 millones
• Auditoría e informes: $ 2.8 millones

Desarrollo y mantenimiento de la plataforma digital

Las inversiones de plataforma digital para 2023 alcanzaron $ 28.6 millones.

Gastos de plataforma digital	Costo anual ($)
Desarrollo de aplicaciones de banca móvil	9,500,000
Plataforma bancaria en línea	8,200,000
Sistemas de seguridad digital	6,900,000
Mantenimiento continuo	4,000,000

Westamerica Bancorporation (WABC) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

A partir del cuarto trimestre de 2023, Westamerica Bancorporation informó ingresos por intereses netos de $ 146.8 millones. El desglose de la cartera de préstamos incluye:

Categoría de préstamo	Monto total ($)
Préstamos inmobiliarios comerciales	$ 2.1 mil millones
Comercial & Préstamos industriales	$ 1.3 mil millones
Préstamos inmobiliarios residenciales	$ 832 millones

Tarifas de servicio bancario

Los ingresos por tarifas de servicio para 2023 totalizaron $ 37.4 millones, con la siguiente estructura de tarifas:

• Tarifas de mantenimiento de la cuenta: $ 12.6 millones
• Tarifas de sobregiro: $ 8.9 millones
• Tarifas de transacción de cajeros automáticos: $ 5.2 millones
• Tasas de transferencia de cables: $ 4.7 millones
• Otras tarifas de servicio bancario: $ 6 millones

Cargos de procesamiento de transacciones

Los ingresos de procesamiento de transacciones en 2023 alcanzaron los $ 22.5 millones, con segmentos clave que incluyen:

• Tarifas de transacción con tarjeta de débito: $ 9.8 millones
• Procesamiento de tarjeta de crédito: $ 6.3 millones
• Servicios de pago electrónico: $ 4.4 millones
• Soluciones de pago corporativo: $ 2 millones

Ingresos de préstamos comerciales

Los préstamos comerciales generaron $ 53.6 millones en ingresos para 2023, con especialización en:

Segmento de préstamos comerciales	Ingresos ($)
Préstamos para pequeñas empresas	$ 18.2 millones
Préstamos empresariales medianos	$ 22.4 millones
Servicios de banca corporativa	$ 13 millones

Servicios de gestión de patrimonio y asesoramiento

Los ingresos de gestión de patrimonio para 2023 totalizaron $ 29.7 millones, con el desglose del servicio de la siguiente manera:

• Tarifas de asesoramiento de inversiones: $ 15.3 millones
• Servicios de planificación de jubilación: $ 6.9 millones
• Gestión de fideicomiso y patrimonio: $ 4.5 millones
• Gestión de cartera: $ 3 millones

Westamerica Bancorporation (WABC) - Canvas Business Model: Value Propositions

Westamerica Bancorporation delivers value through a combination of financial strength, deep local focus, and a full suite of banking services, all managed with a disciplined operational approach. This is what you get when you bank with them as of late 2025.

Financial stability with historically high capital ratios

You benefit from a balance sheet that management consistently reports as being very strong. Westamerica Bancorporation's capital ratios remain at levels that exceed the highest regulatory guidelines. This conservative stance provides a solid foundation for weathering economic shifts.

Regional expertise in Northern and Central California markets

Westamerica Bancorporation's wholly owned subsidiary, Westamerica Bank, focuses its operations on a specific geographic footprint. They operate commercial banking and trust offices throughout Northern and Central California. The bank has a long history, serving communities from Mendocino County in the north down toward Kern County in the south.

Comprehensive commercial and retail banking products

The bank offers a wide array of services designed to meet the needs of local customers. This includes both personal banking options and comprehensive commercial banking solutions for small businesses in their service area. They support clients with both lending and trust services.

Efficient operations, with a Q3 2025 efficiency ratio of 40 percent

Westamerica Bancorporation emphasizes low-cost operating principles. This focus translates directly into better efficiency for the bank, meaning fewer dollars spent to generate each dollar of revenue. They are definitely running a tight ship.

Conservative credit culture resulting in low nonperforming assets

The bank maintains a credit culture that prioritizes asset quality. This discipline is evident in the low level of problem assets on the books as of the end of the third quarter of 2025. For instance, the company recognized no provision for credit losses in the third quarter of 2025, reflecting confidence in their loan book quality.

Here's a quick look at some key performance metrics supporting these value propositions from the third quarter of 2025:

Metric	Value (Q3 2025)
Efficiency Ratio (FTE)	40.3 percent
Nonperforming Assets (NPA) as of 9/30/2025	$2.6 million
Allowance for Credit Losses (ACL) on Loans as of 9/30/2025	$11.9 million
Annualized Return on Average Common Equity	10.9 percent
Annualized Cost of Funding Interest-Earning Assets	0.26 percent
Quarterly Cash Dividend Declared (Payable Nov 2025)	$0.46 per common share

The value proposition is further supported by their operational performance metrics:

• Diluted Earnings Per Common Share (EPS) for Q3 2025 was $1.12.
• Net Interest Income (FTE basis) for Q3 2025 was $53.8 million.
• Noninterest Income for Q3 2025 totaled $10.2 million.
• The annualized yield earned on loans, bonds and cash was 4.06 percent for Q3 2025.

Finance: draft 13-week cash view by Friday.

Westamerica Bancorporation (WABC) - Canvas Business Model: Customer Relationships

Westamerica Bancorporation, the parent company of Westamerica Bank, maintains its customer relationships through a multi-channel approach across its operations in Northern and Central California. The bank has a regional community bank focus, serving commercial clients and a broad retail base.

Dedicated relationship managers for commercial clients

Westamerica Bancorporation focuses on commercial banking, cultivating deep understanding of local market dynamics for its commercial clients across central and northern California.

Personal service model through the branch network

The personal service model is anchored by the physical footprint. Westamerica Bank operates over 70 branches and 2 trust offices across 20 Northern and Central California counties.

Automated self-service via online and mobile banking platforms

Automated service is provided through Personal Online Banking and Business Online Banking platforms.

High-touch trust and investment services for affluent clients

Trust services contribute to noninterest income, reflecting engagement with affluent clients. Trust Fees for the third quarter of 2025 totaled $895 thousand. This compares to $899 thousand in Trust Fees for the second quarter of 2025. Total Noninterest Income for the third quarter of 2025 was $10.2 million.

Transaction service for retail checking and savings accounts

The retail relationship is supported by a valuable, low-cost deposit base. For the first quarter of 2025, 46 percent of this base was represented by non-interest bearing checking accounts. The annualized cost of funding the loan and bond portfolios for the first quarter of 2025 was 0.24 percent.

Key relationship-centric metrics for Westamerica Bancorporation as of late 2025:

Metric	Q3 2025	Q2 2025	Q1 2025
Net Income (Millions USD)	$28.3	$29.1	$31.0
Diluted EPS (USD)	$1.12	$1.12	$1.16
Annualized ROAE (%)	10.9	11.2	11.9
Annualized Cost of Funding (%)	0.26	0.22	0.24
Trust Fees (Thousands USD)	$895	$899	N/A

The bank's operational efficiency supports its relationship model:

• Efficiency Ratio (Q2 2025): 39 percent of its revenue spent on operating costs.
• Efficiency Ratio (Q3 2025): 40 percent of its revenue spent on operating costs.
• Total Assets (Approximate, Q2 2025): $7.5 billion.
• Dividend Paid Per Common Share (Q3 2025): $0.46.
• Common Shares Retired (Q3 2025): 488 thousand.

You should review the latest quarterly report for the full breakdown of customer service channel utilization.

Finance: draft 13-week cash view by Friday.

Westamerica Bancorporation (WABC) - Canvas Business Model: Channels

You're looking at how Westamerica Bancorporation moves its services to the customer base, which is heavily weighted toward its California footprint. The mix involves significant physical presence alongside modern digital tools.

Physical branch network of 78 offices for deposits and lending remains a core channel, anchoring the bank's community focus across Northern and Central California. While the FDIC reported 76 domestic locations as of November 28, 2025, and other sources cite 77 branches, we will proceed with the specified 78 offices for this channel analysis.

Digital channels are clearly important for daily interaction. Westamerica Bank provides its customers access through Westamerica Bank online and mobile banking. The digital offering includes the StarConnect Plus™ platform for online access, which integrates with the mobile banking app. Key digital transaction capabilities include:

• Check balances
• Transfer money between Westamerica accounts
• Pay bills with the optional Bill Pay service
• Monitor transactions
• Deposit checks via Mobile Deposit

The mobile platform also supports free message service alerts for users, covering large withdrawal amounts, low funds notifications, and weekly balance updates.

Direct sales are facilitated through dedicated personnel. Commercial and consumer loan officers for direct sales are a key touchpoint for credit origination. While a precise count of loan officers isn't public, the structure includes roles like Assistant Vice President And Commercial Loan Adjustment Officer and ongoing hiring for Loan Processors, showing active management of the loan sales force.

For routine physical transactions, the bank relies on its network of access points. This includes the physical branch network and its ATMs. The bank also supports transaction processing through services like ExpressDeposit, which is a digital channel for physical items, and manages Debit Card and ATM Processing fees. Specific ATM counts or courier service details aren't publicly itemized in the latest reports.

Wealth management and specialized services flow through the Investment Services division. This division, which also encompasses Trust Services, contributes to the bank's overall noninterest income. The scale of fee-based services, which includes wealth management, can be viewed through the quarterly noninterest income figures reported in late 2025.

Here's a quick look at the quarterly noninterest income, which captures the revenue from services like Investment Services, Trust Services, and fees:

Reporting Period End Date	Noninterest Income (Millions USD)
September 30, 2025 (Q3 2025)	$10.2 million
June 30, 2025 (Q2 2025)	$10.3 million
March 31, 2025 (Q1 2025)	$10.3 million

Finance: draft 13-week cash view by Friday.

Westamerica Bancorporation (WABC) - Canvas Business Model: Customer Segments

Westamerica Bancorporation's customer base is firmly rooted in its primary operating territory of Northern and Central California, where it maintains 78 branch offices across 21 counties. This physical presence supports the core banking relationships across all segments.

The customer segments are served through specific product offerings, which are reflected in the composition of the loan and deposit portfolios as of late 2025. For instance, the retail/individual segment is characterized by a high reliance on low-cost funding sources; in the first quarter of 2025, 46 percent of the Company's low-cost deposit base was represented by non-interest bearing checking accounts.

The lending activities, which directly map to several key customer segments, show a clear focus on commercial and real estate clients, though a significant portion remains dedicated to consumer lending. Here is a look at the loan portfolio composition as of the third quarter of 2025 (amounts in thousands of U.S. Dollars):

Customer Segment Proxy	Loan Category (FTE)	Loan Balance (in thousands)	Percentage of Total Loans (Approximate)
Small to medium-sized commercial businesses	Commercial Loans	$113,215	15.22%
Real estate investors and developers	Commercial Real Estate Loans	$486,751	65.43%
Individual retail customers / Indirect auto loan customers	Consumer Loans (Calculated Remainder)	$144,080	19.35%
All Segments	Total Loans	$744,046	100.00%

The segment targeting individual retail customers needing checking, savings, and consumer loans is supported by the overall deposit base and the consumer loan portion of the balance sheet. The calculated remainder for Consumer Loans, which includes indirect auto loans, stands at $144,080 thousand based on Q3 2025 data, when subtracting Commercial and Commercial Real Estate loans from the total loan portfolio of $744,046 thousand.

For high-net-worth individuals utilizing trust and investment services, Westamerica Bancorporation explicitly offers Trust Services through its Access Your Account Menu, though specific Assets Under Management or Advisory figures for late 2025 are not publicly itemized in the latest earnings releases.

The customer base is served through various access channels, including:

• Business Online Banking
• Personal Online Banking
• 78 physical branch offices
• Dedicated Trust Services access

The focus on low-cost funding suggests a strong base of retail and small business checking/savings customers who maintain significant non-interest bearing balances.

Westamerica Bancorporation (WABC) - Canvas Business Model: Cost Structure

Westamerica Bancorporation operates on a model that is primarily cost-driven, with a clear focus on maintaining operating efficiency across its footprint. This focus is evident in the reported operating costs relative to revenue.

The total noninterest expenses for the third quarter of 2025 reached $25.8 million, up slightly from $25.5 million in the second quarter of 2025. You see, the company spent 40 percent of its revenue on operating costs in Q3 2025, which speaks directly to that efficiency drive.

The largest components of this cost base are tied to its physical presence and its people. Westamerica Bancorporation supports its operations through 77 branches located throughout Northern and Central California.

Here's a breakdown of the key expense categories for the third quarter of 2025, showing where the bulk of the noninterest expense lies:

Cost Category	Q3 2025 Amount (in thousands)	Q2 2025 Amount (in thousands)
Total Noninterest Expense	$25,800	$25,500
Salaries and Related Benefits	$12,387	$12,303
Occupancy and Equipment	$5,253	$5,154

The increase in noninterest expense from Q2 2025 to Q3 2025 was attributed to several factors, including higher salaries and benefits expense, higher occupancy and equipment expense, and professional fees.

On the funding side, Westamerica Bancorporation maintains a very low cost of funding for its interest-earning assets, which is a significant structural advantage. The annualized cost of funding interest-earning loans, bonds, and cash was 0.26 percent for the third quarter of 2025.

The cost structure also relies on external services for specific functions. You can expect to see costs associated with:

• Outsourced data processing.
• Professional fees, as noted in the expense drivers.

The low cost of funds, at 0.26 percent annualized for Q3 2025, helps keep the overall cost structure lean, even with the fixed costs associated with maintaining 77 branches.

Finance: draft 13-week cash view by Friday.

Westamerica Bancorporation (WABC) - Canvas Business Model: Revenue Streams

For Westamerica Bancorporation, the revenue structure is heavily weighted toward traditional banking activities, which you see clearly in the third quarter of 2025 results. The core engine remains the spread between what the bank earns on its assets and what it pays for its liabilities.

Net Interest Income (NII) is the dominant stream, reported at $53.8 million on a fully-taxable equivalent (FTE) basis for the third quarter 2025. This figure represents the vast majority of Westamerica Bancorporation's total revenue, which was $64.0 million (FTE) in the same period. The bank maintained an exceptionally low annualized cost of funding interest-earning assets at just 0.26 percent during Q3 2025, a key factor supporting its profitability despite a Net Interest Margin (NIM) that settled at 3.80 percent.

The secondary, but still significant, stream is Noninterest Income, which totaled $10.2 million in the third quarter 2025. This income source is derived from various service charges, fees, and trust activities, showing the importance of fee-based services alongside pure lending income.

Here's a quick look at the primary revenue components for Q3 2025:

Revenue Component	Amount (Q3 2025)	Basis/Context
Net Interest Income (NII)	$53.8 million	Fully-Taxable Equivalent (FTE) Basis
Noninterest Income	$10.2 million	Total for the Quarter
Total Revenue	$64.0 million	FTE Basis
Annualized Cost of Funds	0.26 percent	Q3 2025 Metric

The interest and fees generated flow directly from the bank's lending activities across its primary markets in Northern and Central California. You should expect these earnings to be tied directly to the volume and mix of the loan portfolio Westamerica Bancorporation manages.

• Interest and fees from commercial loan portfolios.
• Interest and fees from real estate loan portfolios.
• Interest and fees from consumer loan portfolios.

The Noninterest Income bucket captures the transactional and service-based revenue streams that complement the NII. These fees are crucial for diversifying revenue, even if they are a smaller portion of the total take.

• Service charges on deposit accounts.
• Fees from other general banking services.
• Investment and trust fees derived from asset management.

To be defintely clear, the historical reliance shows that Net Interest Income made up about 83.3 percent of the company's total revenue over the last five years, underscoring its primary role in Westamerica Bancorporation's financial performance. Finance: draft the Q4 2025 NII forecast sensitivity to a 25 basis point Fed cut by next Tuesday.