Westamerica Bancorp (FRA:WB1) Credit Losses Provision : €0.7 Mil (As of Mar. 2024)

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What is Westamerica Bancorp Credit Losses Provision?

Westamerica Bancorp's credit losses provision for the three months ended in Mar. 2024 was €0.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €0.7 Mil.

Westamerica Bancorp's quarterly credit losses provision declined from Sep. 2023 (€0.4 Mil) to Dec. 2023 (€0.0 Mil) but then increased from Dec. 2023 (€0.0 Mil) to Mar. 2024 (€0.3 Mil).

Westamerica Bancorp's annual credit losses provision stayed the same from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€0.0 Mil) but then declined from Dec. 2022 (€0.0 Mil) to Dec. 2023 (€-1.1 Mil).

Westamerica Bancorp Credit Losses Provision Historical Data

The historical data trend for Westamerica Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Westamerica Bancorp Credit Losses Provision Chart

Westamerica Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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3.54

-1.06

Westamerica Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-1.45	-	0.38	-	0.28

Westamerica Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.7 Mil.

Westamerica Bancorp (FRA:WB1) Business Description

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WABC:USA

Address

1108 Fifth Avenue, San Rafael, CA, USA, 94901

Website

https://www.westamerica.com

Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The bank's net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller businesses. Its footprint encompasses central and northern California, extending north of San Francisco to Mendocino and Lake counties, south to Kern County in central California, and all the way east to Nevada County.

Westamerica Bancorp (FRA:WB1) Headlines

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