Westamerica Bancorporation Stock Price, News & Analysis

Westamerica Bancorporation has appointed Inez Wondeh to its Board of Directors, enhancing its leadership team. Wondeh brings over 20 years of healthcare industry experience, previously serving as CEO of BASS Medical Group since 2019. She played a vital role in executing growth strategies at BASS, contributing to its expansion across the Bay Area. Wondeh holds degrees in Business Administration and Public Administration, and she is also the founder of the Ngozi Educational and Health Care Foundation. This strategic appointment aims to bolster the bank's growth.

The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.42 per share, payable on November 19, 2021, to shareholders of record as of November 8, 2021. This decision reflects the bank's strong earnings and financial stability, with $22.1 million in net income reported for Q3 2021.

Chairman David Payne emphasized that this dividend increase acknowledges Westamerica's consistent revenue stream, illustrating the bank's commitment to returning value to shareholders.

Westamerica Bancorporation (Nasdaq: WABC) reported a third quarter 2021 net income of $22.1 million, with diluted earnings per share (EPS) of $0.82. This reflects a slight decline from $22.6 million and $0.84 EPS in Q2 2021, attributed to “make-whole” interest income variations. The company reported a low 0.03% annualized cost of funding and a solid credit quality with nonperforming loans at $1.8 million. Shareholders received a dividend of $0.41 per share, maintaining an 11.6% annualized return on average common equity.

Westamerica Bancorporation's Board of Directors has approved a share repurchase plan for up to 1,750,000 shares, representing approximately 6.5% of its outstanding common stock as of June 30, 2021. This initiative is set to occur on the open market or through private transactions before September 1, 2022. Chairman David Payne noted this decision reflects the company's consistent profitability and strong capital position. For the three months ending June 30, 2021, Westamerica reported a net income of $22.6 million, or $0.84 diluted earnings per share.

Westamerica Bancorporation (NASDAQ: WABC) declared a quarterly cash dividend of $0.41 per share for shareholders of record as of August 2, 2021. The payment date is set for August 13, 2021. Chairman and CEO David Payne highlighted the company's strong capital levels, asset quality, and profitability, evidenced by a net income of $22.6 million ($0.84 diluted EPS) for the quarter ended June 30, 2021. With banking and trust offices across Northern and Central California, Westamerica continues to demonstrate solid performance amidst evolving market conditions.

Westamerica Bancorporation (WABC) reported a net income of $22.6 million and diluted earnings per share (EPS) of $0.84 for Q2 2021, reflecting an increase from $20.1 million and $0.75 EPS in Q1 2021. The results benefited from make-whole interest income, boosting EPS by $0.04. Average total deposits rose by $327 million quarter-over-quarter. Net interest income on a fully-taxable equivalent basis was $44.5 million, up from $42.6 million. The bank's credit quality remained stable, with nonperforming loans at $4.4 million.

Westamerica Bancorporation (NASDAQ: WABC) declared a quarterly cash dividend of $0.41 per share, payable on May 14, 2021, to shareholders of record by May 3, 2021. Chairman David Payne emphasized the company's strong capital, asset quality, and profitability amidst reporting $20.1 million in net income for Q1 2021, translating to $0.75 diluted earnings per share. These financial metrics reflect a solid position for the company moving forward.

Westamerica Bancorporation (WABC) reported a net income of $20.1 million and diluted EPS of $0.75 for Q1 2021. This reflects a decline from Q4 2020, where net income was $23.8 million and EPS was $0.89. The quarter included $91 million in loans originated under the Paycheck Protection Program. Total deposits grew by $92 million. Credit quality remained stable with nonperforming loans at $4.1 million. The company generated an 11.1 percent return on average common equity and paid a $0.41 dividend.

Westamerica Bancorporation (NASDAQ: WABC) announced a quarterly cash dividend of $0.41 per share to shareholders of record by February 8, 2021, with a payment date set for February 19, 2021. This decision reflects the company's healthy capital levels, sound asset quality, and profitability, as per CEO David Payne. Additionally, Westamerica reported a net income of $23.8 million for Q4 2020, translating to $0.89 diluted earnings per share.