GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westamerica Bancorp (NAS:WABC) » Definitions » Retained Earnings

Westamerica Bancorp (Westamerica Bancorp) Retained Earnings : $490.0 Mil (As of Dec. 2023)


View and export this data going back to 1973. Start your Free Trial

What is Westamerica Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Westamerica Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $490.0 Mil.

Westamerica Bancorp's quarterly retained earnings increased from Jun. 2023 ($432.4 Mil) to Sep. 2023 ($462.3 Mil) and increased from Sep. 2023 ($462.3 Mil) to Dec. 2023 ($490.0 Mil).

Westamerica Bancorp's annual retained earnings increased from Dec. 2021 ($306.4 Mil) to Dec. 2022 ($383.1 Mil) and increased from Dec. 2022 ($383.1 Mil) to Dec. 2023 ($490.0 Mil).


Westamerica Bancorp Retained Earnings Historical Data

The historical data trend for Westamerica Bancorp's Retained Earnings 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.

* Premium members only.

Westamerica Bancorp Retained Earnings Chart

Westamerica Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 239.14 264.36 306.40 383.09 490.01

Westamerica Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings 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 403.34 432.40 462.27 490.01 514.56

Westamerica Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Westamerica Bancorp  (NAS:WABC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Westamerica Bancorp (Westamerica Bancorp) Business Description

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

Westamerica Bancorp (Westamerica Bancorp) Headlines

From GuruFocus

Westamerica Bank Announces New Board Member

By Marketwired Marketwired 02-01-2020

Westamerica Bancorporation Declares Quarterly Cash Dividend

By sperokesalga sperokesalga 04-27-2023

Westamerica Bancorporation Declares Quarterly Cash Dividend

By Marketwired Marketwired 04-22-2021

Westamerica Bancorporation Declares Quarterly Cash Dividend

By Marketwired Marketwired 07-22-2021

Westamerica Bancorporation Declares Quarterly Cash Dividend

By GuruFocusNews GuruFocusNews 01-27-2022

Westamerica Bancorporation Announces Stock Repurchase Plan

By Marketwired Marketwired 07-24-2020

Westamerica Bancorporation Declares Quarterly Cash Dividend

By GlobeNewswire GlobeNewswire 04-28-2022