Westamerica Bancorporation announced a quarterly cash dividend increase to $0.48 per share, payable May 15, 2026.
Quiver AI Summary
Westamerica Bancorporation has declared a quarterly cash dividend of $0.48 per share, a two-cent increase from the previous quarter, for shareholders of record as of May 4, 2026. This dividend will be paid on May 15, 2026. Chairman, President, and CEO David Payne stated that the increase reflects the bank's strong earnings, financial stability, and conservative risk management. For the first quarter of 2026, the bank reported a net income of $27.4 million, equivalent to $1.13 per diluted share. Westamerica Bancorporation operates banking and trust offices in Northern and Central California. The press release also includes a disclaimer about forward-looking statements and potential risks affecting the company's future performance.
Potential Positives
- The declaration of a quarterly cash dividend of $0.48 per share, marking an increase from the previous quarter, highlights the company's commitment to returning value to its shareholders.
- The reported net income of $27.4 million for the three months ended March 31, 2026, indicates strong financial performance and profitability.
- The increase in the dividend is justified by the company's reliable earnings stream and financial strength, as stated by the CEO, which may enhance investor confidence in the company's stability and growth potential.
Potential Negatives
- The forward-looking statements contain numerous disclaimers about risks and uncertainties, which could indicate potential vulnerabilities in the company’s future performance.
- The mention of various risks, including credit, interest rate, and market risks, may raise concerns among investors about the stability of the company's financial position.
- The company does not provide specific guidance or metrics for future performance, leaving investors uncertain about long-term expectations.
FAQ
What is the new dividend declared by Westamerica Bancorporation?
Westamerica Bancorporation declared a quarterly cash dividend of $0.48 per share, an increase of two cents from the previous quarter.
When is the dividend payable to shareholders?
The dividend is payable on May 15, 2026, to shareholders of record on May 4, 2026.
What was Westamerica's net income for Q1 2026?
Westamerica reported a net income of $27.4 million for the three months ended March 31, 2026.
Who is the CEO of Westamerica Bancorporation?
The Chairman, President, and CEO of Westamerica Bancorporation is David Payne.
Where can I find more information about Westamerica Bancorporation?
Additional information can be found on Westamerica Bancorporation's website at www.westamerica.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WABC Insider Trading Activity
$WABC insiders have traded $WABC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WABC stock by insiders over the last 6 months:
- ROBERT JAMES JR BAKER (SVP/Banking Division Manager) sold 759 shares for an estimated $40,859
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WABC Revenue
$WABC had revenues of $62.1M in Q1 2026. This is a decrease of -6.53% from the same period in the prior year.
You can track WABC financials on Quiver Quantitative's WABC stock page.
$WABC Hedge Fund Activity
We have seen 88 institutional investors add shares of $WABC stock to their portfolio, and 120 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 336,714 shares (+279.4%) to their portfolio in Q4 2025, for an estimated $16,105,030
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 127,371 shares (-74.9%) from their portfolio in Q4 2025, for an estimated $6,092,154
- AQR CAPITAL MANAGEMENT LLC added 100,867 shares (+35.9%) to their portfolio in Q4 2025, for an estimated $4,824,468
- DENALI ADVISORS LLC removed 86,700 shares (-83.0%) from their portfolio in Q4 2025, for an estimated $4,146,861
- METLIFE INVESTMENT MANAGEMENT, LLC added 72,760 shares (+46.7%) to their portfolio in Q4 2025, for an estimated $3,480,110
- POINT72 ASSET MANAGEMENT, L.P. added 62,567 shares (+665.4%) to their portfolio in Q4 2025, for an estimated $2,992,579
- AMERICAN CENTURY COMPANIES INC added 59,864 shares (+3.4%) to their portfolio in Q4 2025, for an estimated $2,863,295
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN RAFAEL, Calif., April 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of $0.48 per share, which represents a two cent per share increase from the prior quarter, on common stock outstanding to shareholders of record at the close of business May 4, 2026 . The dividend is payable May 15, 2026.
Chairman, President and CEO David Payne stated, “This increase in the quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.”
On April 16, 2026, Westamerica reported $27.4 million in net income for the three months ended March 31, 2026, or $1.13 diluted earnings per common share.
Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking and trust offices throughout Northern and Central California.
Westamerica Bancorporation Web Address: www.westamerica.com
| For additional information contact: |
| Westamerica Bancorporation |
| 1108 Fifth Avenue, San Rafael, CA 94901 |
| Robert A. Thorson – Investor Relations Contact |
| 707-863-6090 |
| [email protected] |
FORWARD-LOOKING INFORMATION:
The following appears in accordance with the Private Securities Litigation Reform Act of 1995:
This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may."
Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company's control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company's most recent reports filed with the Securities and Exchange Commission, including the annual report for the year ended December 31, 2025 filed on Form 10-K and quarterly report for the quarter ended September 30, 2025 filed on Form 10-Q, describe some of these factors, including certain credit, interest rate, operational, liquidity and market risks associated with the Company's business and operations. Other factors described in these reports include changes in business and economic conditions, competition, fiscal and monetary policies, disintermediation, cyber security risks, legislation including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.
Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.
