Westamerica Bancorporation Q2 Profit Declines

(RTTNews) - Westamerica Bancorporation (WABC), the parent of Westamerica Bank, Tuesday reported second-quarter net income of $17.1 million or $0.64 per share, compared to $21.0 million or $0.75 per share last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest and fee income for the quarter dropped to $42.6 million from $50.3 million last year. Total non-interest income rose to $14.3 million from $13.5 million last year.

Analysts estimated total revenues of $56.01 million for the quarter.