WABC

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 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 descri...

SAN RAFAEL, Calif., April 16, 2026 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2026 of $27.4 million and diluted earnings per common share ("EPS") of $1.13. First quarter 2026 results include a reversal of provision for credit losses of $300 thousand, which increased EPS $0.01. These results compare to fourth quarter 2025 net income of $27.8 million and EPS of $1.12. Fourth quarter 2025 results include an increase to the book tax provision to reconcile the 2024 income tax provision to the filed 2024 tax returns, which reduced EPS $0.02. "Westamerica’s first quarter 2026 results benefited from the Company’s valuable low-cost deposit base, of which 46 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.24 percent in the quarter. Operating expenses remained well controlled at 42 percent of total revenues and credit quality remained stable with nonperforming assets of $1.4 million at March 31, 2026,” said Chairman, President and CEO David Payne. “First quarter 2026 results generated an annualized 11.0 percent return on average common equity. Shareholders were paid a $0.46 per common share dividend during the first quarter 2026 and 997 thousand shares were retired using the Company’s share repurchase plan,” concluded Payne. Net interest income on a fully-taxable equivalent (FTE) basis was $52.7 million for the first quarter 2026, compared to $53.5 million for the fourth quarter 2025. The annualized yield earned on loans, bonds and cash for the first quarter 2026 was 3.98 percent compared to 4.00 percent for the fourth quarter 2025. The annualized cost of funding the loan and bond portfolios was 0.24 percent for the first quarter 2026 unchanged from the fourth quarter 2025. The Company recognized a $300 thousand reversal of provision for credit losses in the first quarter 2026. The Allowance for Credit Losses on Loans was $11.2 million at March 31, 2026. Noninterest income for the first quarter 2026 totaled $9.6 million compared to $10.0 million for the fourth quarter 2025. Debit card fees declined $174 thousand from the fourth quarter 2025 to the first quarter 2026 and the Company recognized unrealized securities losses of $247 thousand in the first quarter 2026. Nonin...

SAN RAFAEL, Calif. (AP) — SAN RAFAEL, Calif. (AP) — Westamerica Bancorp (WABC) on Thursday reported net income of $27.4 million in its first quarter. The bank, based in San Rafael, California, said it had earnings of $1.13 per share. The holding company for Westamerica Bank posted revenue of $65.4 million in the period. Its revenue net of interest expense was $62.1 million, which topped Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WABC at https://www.zacks.com/ap/WABC

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Westamerica Bancorporation (WABC) has been in focus after reporting fourth quarter results that exceeded analysts’ expectations for net interest income and revenue, supported by its low cost deposit base and controlled operating expenses. See our latest analysis for Westamerica Bancorporation. Since reporting its earnings beat, Westamerica Bancorporation’s share price has shown steady momentum, with a 30-day share price return of 6.90% and a 90-day share price return of 7.46%, while the 1-year total shareholder return sits at 3.36%. If you are comparing banks and other income focused names after these results, it could also be a useful time to look at these 13 dividend stocks with yields > 3% as potential alternatives. With shares up over the past quarter and the stock trading around a 7.6% discount to the average analyst price target, the key question now is whether Westamerica looks undervalued or if the recent earnings strength is already fully priced in. On a P/E of 10.8x at a last close of $51.13, Westamerica Bancorporation screens cheaper than both its US banks peer group and the wider US banks industry. The P/E ratio compares the current share price to earnings per share and is a common yardstick for banks, where earnings and return on equity sit at the center of the story. For Westamerica, a lower P/E than peers can signal that the market is assigning a more cautious view of future earnings and returns, even with high quality earnings and a long run of 5 year earnings growth in the background. In that context, Westamerica is described as good value on P/E versus both the US Banks industry average of 11.8x and a peer average of 15.2x, which is a clear discount. However, when you compare the same 10.8x P/E to an estimated fair P/E of 8.7x, the shares look expensive relative to the level our fair ratio work suggests the market could move toward over time. This highlights a tension between peer based value and fair ratio based value. Explore the SWS fair ratio for Westamerica Bancorporation Result: Price-to-Earnings of 10.8x (ABOUT RIGHT) However, you also need to weigh weaker annual revenue and net income growth, as well as any shift in deposit costs, which could challenge the current valuation story. Find out about the key risks to this We...

SAN RAFAEL, Calif., Jan. 22, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business February 2, 2026. The dividend is payable February 13, 2026. Chairman, President and CEO David Payne stated, “This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.” On January 15, 2026, Westamerica reported $27.8 million in net income for the three months ended December 31, 2025, or $1.12 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 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, 2024 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,...

SAN RAFAEL, Calif. (AP) — SAN RAFAEL, Calif. (AP) — Westamerica Bancorp (WABC) on Thursday reported net income of $27.8 million in its fourth quarter. The San Rafael, California-based bank said it had earnings of $1.12 per share. The holding company for Westamerica Bank posted revenue of $66.8 million in the period. Its revenue net of interest expense was $63.3 million, which beat Street forecasts. For the year, the company reported profit of $116.2 million, or $4.52 per share. Revenue was reported as $258.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WABC at https://www.zacks.com/ap/WABC

SAN RAFAEL, Calif., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2025 of $27.8 million and diluted earnings per common share ("EPS") of $1.12. Fourth quarter 2025 results include an increase to the book tax provision to reconcile the 2024 income tax provision to the filed 2024 tax returns, which reduced EPS $0.02. Fourth quarter 2025 results compare to third quarter 2025 net income of $28.3 million and EPS of $1.12. "Westamerica’s fourth quarter 2025 results benefited from the Company’s valuable low-cost deposit base, of which 46 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.24 percent in the quarter. Operating expenses remained well controlled at 40 percent of total revenues. At December 31, 2025, nonperforming assets were stable at $1.8 million and the allowance for credit losses was $11.6 million” said Chairman, President and CEO David Payne. “Fourth quarter 2025 results generated an annualized 10.8 percent return on average common equity. Westamerica paid a $0.46 per common share dividend during the fourth quarter 2025, and retired 485 thousand common shares using its share repurchase plan. Westamerica’s capital ratios remain at levels exceeding the highest regulatory guidelines,” concluded Payne. Net interest income on a fully-taxable equivalent (FTE) basis was $53.5 million for the fourth quarter 2025, compared to $53.8 million for the third quarter 2025. The annualized yield earned on loans, bonds and cash for the fourth quarter 2025 was 4.00 percent compared to 4.06 percent for the third quarter 2025. The annualized cost of funding the loan and bond portfolios was 0.24 percent for the fourth quarter 2025, compared to 0.26 percent for the third quarter 2025. Noninterest income for the fourth quarter 2025 totaled $10.0 million compared to $10.2 million for the third quarter 2025. Noninterest expenses for the fourth quarter 2025 were $25.5 million compared to $25.8 million for the third quarter 2025. The income tax provision for the fourth quarter 2025 includes a $628 thousand increase to reconcile the 2024 income tax provision to the filed 2024 tax returns. Westamerica Bancorporation’s wholly owned subsidiary Westamerica Bank, operates co...

SAN RAFAEL, Calif., Oct. 23, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of $0.46 per share on common stock outstanding to shareholders of record at the close of business November 3, 2025. The dividend is payable November 14, 2025. Chairman, President and CEO David Payne stated, “This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.” On October 16, 2025, Westamerica reported $28.3 million in net income for the three months ended September 30, 2025, or $1.12 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, 2024 filed on Form 10-K and quarterly report for the quarter ended June 30, 2025 filed on Form 10-Q, describe some of these factors, including certain credit, interest rate, op...

Westamerica Bancorporation (WABC) operates as a bank, but there are no new financial figures or specific performance trends available from the most recent disclosures. With no revenue or EPS details reported for this period, investors are left waiting for a clearer indication of financial momentum or direction. As a result, the current snapshot leaves the outlook open-ended for now. See our full analysis for Westamerica Bancorporation. Next up, we will see how the lack of headline earnings figures aligns with the most widely discussed narratives about Westamerica Bancorporation, and whether this adds fuel to any of the prevailing market stories. Curious how numbers become stories that shape markets? Explore Community Narratives The latest filings and market data do not provide any explicit figures related to revenue, net income, loan growth, or fee income for Westamerica Bancorporation. With no headline numbers revealed in this period, the analysis centers on the company's established reputation for steady dividends and conservative operations. This reinforces its image as a stable choice, rather than a high-growth pick. Analysts highlight that Westamerica's consistent dividend policy and prudent management are seen as reassuring traits in a volatile sector. However, the absence of new growth catalysts means the bank is not positioned as an aggressive outperformer among regional lenders. The current share price remains at $46.65, as reported, with no major movement or volatility highlighted since the last release. Despite sector swings, Westamerica's reputation as a defensive bank stock seems to have limited dramatic price action. This aligns with the idea that investors value stability and income over growth. The prevailing narrative underlines its role as a “shelter stock” for those prioritizing predictability and capital preservation. With fewer headline risks than regional peers, Westamerica continues to attract attention from income-seeking investors rather than those chasing momentum. At $46.65 per share, Westamerica trades well below the DCF fair value estimate of $117.12. However, the lack of new performance data or outlook means the market remains cautious about closing this gap. The valuation disconnect draws focus to the company’s strengths and constraints. The prevailing market view reflects a preference for Westamerica’s safety profile but skept...

SAN RAFAEL, Calif., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the third quarter 2025 of $28.3 million and diluted earnings per common share ("EPS") of $1.12. Third quarter 2025 results compare to second quarter 2025 net income of $29.1 million and EPS of $1.12. "Westamerica’s third quarter 2025 results benefited from the Company’s low-cost operating principles. The annualized cost of funding interest-earning loans, bonds and cash was 0.26 percent for the third quarter 2025. The Company recognized no provision for credit losses in the third quarter 2025. At September 30, 2025, nonperforming assets were $2.6 million and the allowance for credit losses on loans was $11.9 million. Westamerica operated efficiently, spending 40 percent of its revenue on operating costs in the third quarter 2025,” said Chairman, President and CEO David Payne. “Third quarter 2025 results generated an annualized 10.9 percent return on average common equity. Westamerica paid a $0.46 per common share dividend during the third quarter 2025, and retired 488 thousand common shares using its share repurchase plan. Westamerica’s capital ratios remain at historically high levels exceeding the highest regulatory guidelines,” concluded Payne. Net interest income on a fully-taxable equivalent (FTE) basis was $53.8 million for the third quarter 2025, compared to $54.6 million for the second quarter 2025. The annualized yield earned on loans, bonds and cash for the third quarter 2025 was 4.06 percent compared to 4.07 percent for the second quarter 2025. The annualized cost of funding interest-earning loans, bonds and cash was 0.26 percent for the third quarter 2025 compared to 0.22 percent for the second quarter 2025. Noninterest income for the third quarter 2025 totaled $10.2 million compared to $10.3 million for the second quarter 2025. Noninterest expense was $25.8 million for the third quarter 2025 compared to $25.5 million for the second quarter 2025. The increase in noninterest expense is primarily due to higher salaries and benefits expense due to one more business day in the third quarter 2025 compared to the second quarter 2025, higher occupancy and equipment expense and professional fees. The income tax provision (FTE) for the third quarter 2025 was $10.0 million compared to $10.3 million for...

SAN RAFAEL, Calif. (AP) — SAN RAFAEL, Calif. (AP) — Westamerica Bancorp (WABC) on Thursday reported net income of $28.3 million in its third quarter. The San Rafael, California-based bank said it had earnings of $1.12 per share. The holding company for Westamerica Bank posted revenue of $67.4 million in the period. Its revenue net of interest expense was $63.7 million, which beat Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WABC at https://www.zacks.com/ap/WABC

Explore Westamerica Bancorporation's Fair Values from the Community and select yours Revenue: US$64.5m (down 13% from 2Q 2024). Net income: US$29.1m (down 18% from 2Q 2024). Profit margin: 45% (down from 48% in 2Q 2024). The decrease in margin was driven by lower revenue. EPS: US$1.12 (down from US$1.33 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Looking ahead, revenue is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.7%. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. You should always think about risks. Case in point, we've spotted 1 warning sign for Westamerica Bancorporation you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.