WESTAMERICA BANCORPORATION
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.9M | $193.0M | $180.4M | $182.0M | $188.6M | $206.7M | $234.6M | $259.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $93.0M | $89.1M | $82.1M | $79.1M | $82.4M | $90.8M | $112.3M | $129.2M |
| Operating Margin | 47.0% | 46.1% | 45.5% | 43.5% | 43.7% | 43.9% | 47.9% | 49.8% |
| Interest Expense | $2.0M | $1.9M | $2.1M | $2.4M | $3.4M | $4.7M | $5.7M | $8.4M |
| Pretax Income | $91.0M | $87.2M | $80.0M | $76.7M | $79.0M | $86.1M | $106.6M | $120.8M |
| Income Tax Expense | $19.4M | $37.1M | $21.1M | $17.9M | $18.3M | $18.9M | $25.4M | $32.9M |
| Net Income | $71.6M | $50.0M | $58.9M | $58.8M | $60.6M | $67.2M | $81.1M | $87.9M |
| Net Margin | 36.2% | 25.9% | 32.6% | 32.3% | 32.2% | 32.5% | 34.6% | 33.8% |
| EPS (Basic) | $2.69 | $1.90 | $2.30 | $2.30 | $2.32 | $2.50 | $2.93 | $3.07 |
| EPS (Diluted) | $2.67 | $1.89 | $2.29 | $2.30 | $2.32 | $2.50 | $2.93 | $3.06 |
| Shares Outstanding (Basic) | 26.6M | 26.3M | 25.6M | 25.6M | 26.1M | 28.8M | 27.7M | 28.6M |
| Shares Outstanding (Diluted) | 26.8M | 26.4M | 25.7M | 25.6M | 26.2M | 26.9M | 27.7M | 28.7M |
| Dividends Per Share | $1.60 | $1.57 | $1.56 | $1.53 | $1.52 | $1.49 | $1.48 | $1.45 |