Westamerica Bancorp (WABC) announced earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $31.04 million, or $1.16 per share. This compares with $36.42 million, or $1.37 per share, last year.
Analysts on average had expected the company to earn $1.11 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 12.4% to $66.71 million from $76.19 million last year.
Westamerica Bancorp earnings at a glance (GAAP) :
-Earnings: $31.04 Mln. vs. $36.42 Mln. last year.
-EPS: $1.16 vs. $1.37 last year.
-Revenue: $66.71 Mln vs. $76.19 Mln last year.
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