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Westamerica Bank WABC Income tax credits and other income tax benefits from LIHTC investments

Income tax credits and other income tax benefits from LIHTC investments at other companies

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First Financial BancorpFFBC
-$669K-497%
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-$7.11M-108%
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BancFirst CorporationBANF
$2.25M+21.6%
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Morgan StanleyMS
$78M+4.0%
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Heritage FinancialHFWA
$7.38M+22.9%
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Heritage FinancialHFWA
$6.19M+24.1%

Other financials

Income statement

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Revenue$64.5M-12.2%
Net income$27.4M-5.8%
EPS (diluted)$1.13-13.1%

Balance sheet

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Cash & equivalents$397.3M-45.4%
Total debt$165.5M+24.2%
Total equity$882.7M-4.4%
Total assets$5.9B-1.7%

Cash flow

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Operating cash flow$39.7M-6.3%
CapEx$1.0M+410%
Free cash flow$38.7M-8.2%

Valuation

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Market cap$1.39B+14.9%
Enterprise value$1.16B+88.3%
P/E12.1×+3.0×
P/S5.4×-0.2×

Profitability

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Net margin45%-2.2pp
FCF margin46.4%-1.2pp

Returns & leverage

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Return on equity12.7%-2.8pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Westamerica Bank in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromAffordableHousingProjectsEquityMethodInvestments.

The official record: Westamerica Bank’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Westamerica Bank's income tax credits and other income tax benefits from LIHTC investments?
Westamerica Bank (WABC) reported income tax credits and other income tax benefits from LIHTC investments of -$909K in Q4 2025.
How has Westamerica Bank's income tax credits and other income tax benefits from LIHTC investments changed year-over-year?
Westamerica Bank's income tax credits and other income tax benefits from LIHTC investments increased by 29.9% year-over-year, from -$1.3M to -$909K.
What is the long-term trend for Westamerica Bank's income tax credits and other income tax benefits from LIHTC investments?
Over 3 years (2022 to 2025), Westamerica Bank's income tax credits and other income tax benefits from LIHTC investments has grown at a -14.0% compound annual growth rate (CAGR), from -$5.72M to -$3.64M.
What does income tax credits and other income tax benefits from LIHTC investments mean?
This metric captures the net financial impact of investments in affordable housing projects, typically recognized through the equity method of accounting. It reflects the gains or losses derived from tax credits and other economic benefits associated with community development initiatives. Investors use this to evaluate the bank's involvement in social impact investing and the resulting tax-related financial benefits.