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Westamerica Bancorporation - WABC STOCK NEWS

Welcome to our dedicated news page for Westamerica Bancorporation (Ticker: WABC), a resource for investors and traders seeking the latest updates and insights on Westamerica Bancorporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Westamerica Bancorporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Westamerica Bancorporation's position in the market.

News
Westamerica Bancorporation Reports First Quarter 2024 Financial Results
Rhea-AI Summary
Westamerica Bancorporation reported net income of $36.4 million and EPS of $1.37 for the first quarter of 2024. The company's low-cost deposit base and controlled operating expenses contributed to a 15.2% return on average common equity. Shareholders received a $0.44 per common share dividend. Net interest income was $66.1 million, with a 4.50% annualized yield on loans, bonds, and cash. Noninterest income was $10.1 million, while noninterest expenses totaled $26.1 million. The company's subsidiary, Westamerica Bank, operates in Northern and Central California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Westamerica Bank Announces New Board Member
Rhea-AI Summary
Westamerica Bancorporation appoints Martin Camsey to its Board of Directors, bringing 35 years of retail automobile industry experience. Camsey's background in finance and administration will enhance governance practices. He will also serve on the Audit and Employee Benefits committees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
management
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News
Westamerica Bancorporation Declares Quarterly Cash Dividend
Rhea-AI Summary
Westamerica Bancorporation (WABC) declares a quarterly cash dividend of $0.44 per share, recognizing reliable earnings stream and financial strength. The company reported $39.5 million in net income for the three months ended December 31, 2023, with a diluted earnings per common share of $1.48. Westamerica Bancorporation operates banking and trust offices throughout Northern and Central California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
Tags
dividends
News
Westamerica Bancorporation Reports Fourth Quarter 2023 Financial Results
Rhea-AI Summary
Westamerica Bancorporation (Nasdaq: WABC) reported a net income of $39.5 million and diluted earnings per common share of $1.48 for the fourth quarter of 2023. The company's low-cost deposit base and stable operating expenses contributed to a 16.7 percent return on average common equity. However, net interest income decreased, and noninterest income and expenses remained relatively stable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
earnings
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News
Westamerica Bank Announces New Board Member
Rhea-AI Summary
Westamerica Bancorporation (WABC) appoints Alisa Belew to its Board of Directors, bringing over 14 years of experience in the commercial real estate industry. Belew's unique background is expected to enhance the board and contribute to ongoing governance practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
management
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News
Westamerica Bancorporation Declares Quarterly Cash Dividend
Rhea-AI Summary
Westamerica Bancorporation declares quarterly cash dividend of $0.44 per share on common stock outstanding. Net income for Q3 2023 reported at $41.6 million, or $1.56 diluted earnings per common share. Chairman, President, and CEO highlights reliable earnings stream and financial strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
Tags
dividends
News
Westamerica Bancorporation Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Westamerica Bancorporation reports highest third quarter results in company history, with net income of $41.6 million and EPS of $1.56. The company's low-cost deposit base and controlled operating expenses contributed to the strong performance. Shareholders received a dividend of $0.44 per common share. Net interest income on a fully-taxable equivalent basis was $72.1 million. Noninterest income was $11.3 million. Nonperforming assets remained stable at $1.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
earnings
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News
Westamerica Bancorporation Increases Quarterly Cash Dividend
Rhea-AI Summary
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.44 per share on common stock outstanding. The dividend is payable on August 18, 2023. The company reported $40.2 million in net income for the three months ended June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
dividends
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News
Westamerica Bancorporation Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Westamerica Bancorporation (Nasdaq: WABC) reported net income of $40.2 million and diluted EPS of $1.51 for Q2 2023, the highest in company history. The company's low-cost deposit base and higher yields on variable-rate assets contributed to the strong results. Nonperforming assets stood at $853 thousand at the end of June 2023. The company paid a dividend of $0.42 per common share during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
earnings
News
Westamerica Bancorporation Declares Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
dividends
Stock WABC logo
Westamerica Bancorporation

Nasdaq:WABC

WABC Rankings

#2240 Ranked by Market Cap
#3671 Ranked by Stock Gains
#925 Ranked by Dividends

WABC Stock Data

1.24B
25.39M
4.64%
77.71%
1.23%
Commercial Banking
Finance and Insurance
Link
US
San Rafael

About WABC

westamerica bancorporation is a hospitality company located in 4550 mangels blvd, fairfield, california, united states.