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Westamerica Bancorp (Westamerica Bancorp) Effective Interest Rate on Debt % : 6.37% (As of Dec. 2023)


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What is Westamerica Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Westamerica Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.7 Mil. Westamerica Bancorp's average total debt for the quarter that ended in Dec. 2023 was $105.5 Mil. Therefore, Westamerica Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.37%.


Westamerica Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Westamerica Bancorp's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

Westamerica Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 10.14 10.62 4.21 5.17

Westamerica Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.19 1.92 3.14 6.37 8.67

Competitive Comparison of Westamerica Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Westamerica Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Westamerica Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Westamerica Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Westamerica Bancorp's Effective Interest Rate on Debt % falls into.



Westamerica Bancorp Effective Interest Rate on Debt % Calculation

Westamerica Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -3.89/( (73.538+76.976)/ 2 )
=-1  *  -3.89/75.257
=5.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.746 + 57.792
=73.538

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.814 + 58.162
=76.976

Westamerica Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -6.716/( (133.934+76.976)/ 2 )
=-1  *  -6.716/105.455
=6.37 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.593 + 115.341
=133.934

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.814 + 58.162
=76.976

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Westamerica Bancorp  (NAS:WABC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Westamerica Bancorp Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Westamerica Bancorp's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Westamerica Bancorp (Westamerica Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
1108 Fifth Avenue, San Rafael, CA, USA, 94901
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.
Executives
Alisa Jane Belew director 4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
Curtis Belton officer: Vice President/General Auditor 4550 MANGELS BLVD, A-2Y, FAIRFIELD CA 94585-1200
Melanie Martella Chiesa director 4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
Michele R. Hassid director 4550 MANGELS BLVD A 2M, FAIRFIELD CA 94534
Inez Wondeh director 4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
George S Ensinger officer: SVP/Human Resources Div. Mgr 4550 MANGELS BLVD, A-1R, FAIRFIELD CA 94585-1200
Mac Millan Catherine C director
Edward B Sylvester director
Jesse Leavitt officer: CFO 4550 MANGELS BLVD A-2B, FAIRIFELD CA 94534
John A Thorson officer: SVP & Treasurer
Brian J Donohoe officer: Operations and Systems Mgr 4550 MANGELS BLVD, B-2A, FAIRFIELD CA 94585-1200
Russell W Rizzardi officer: SVP/Chief Credit Administrator 4550 MANGELS BLVD., FAIRFIELD CA 94534
Dennis R Hansen officer: SVP & Controller
James J Schneck officer: General Auditor
David L Robinson officer: VP/Banking Division Manager 4550 MANGELS BLVD, FAIRFIELD CA 94534

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