Welcome to our dedicated page for Westamerica Bancorporation news (Ticker: WABC), a resource for investors and traders seeking the latest updates and insights on Westamerica Bancorporation stock.
Westamerica Bancorporation (NASDAQ: WABC) is a San Rafael, California-based bank holding company for Westamerica Bank, which operates commercial banking and trust offices throughout Northern and Central California. This news page aggregates WABC-related announcements and disclosures so readers can review how the company communicates its financial performance, capital actions and governance events.
Company press releases frequently cover quarterly and annual financial results, including net income, diluted earnings per common share, net interest income on a fully taxable equivalent basis, noninterest income and noninterest expense. Management commentary often highlights metrics such as net interest margin, efficiency ratio, return on assets, return on common equity, nonperforming assets and the allowance for credit losses on loans.
Westamerica’s news flow also includes dividend declarations and stock repurchase plan authorizations approved by the Board of Directors. These releases describe the per-share dividend amount, record and payment dates, and the size and timing of share repurchase plans relative to common shares outstanding. Updates on share repurchases executed under these plans may appear in subsequent earnings announcements.
In addition, the company issues news about certain corporate governance developments, such as the retirement of a member of the Board of Directors, and files related current reports on Form 8-K. For investors tracking WABC, following these updates provides insight into Westamerica Bancorporation’s earnings trends, capital management decisions, risk profile and board-level changes over time.
Readers who monitor this page can review historical and recent WABC news in one place, using the sequence of press releases and related SEC-referenced documents to understand how the company’s commercial banking operations and financial position evolve within its Northern and Central California footprint.
Westamerica Bancorporation (Nasdaq: WABC) reported a net income of $34.8 million for Q3 2022, translating to diluted earnings per share (EPS) of $1.29, a 37% increase from Q2 2022's net income of $25.3 million and EPS of $0.94. The results were bolstered by variable-rate bonds and a robust deposit base. The non-interest cost of funding remained low at 0.03%. The bank generated $60.8 million in net interest income on a fully-taxable equivalent basis, with a loan and bond yield of 3.47%. A $0.42 dividend was declared for shareholders during the quarter.
Westamerica Bancorporation (NASDAQ: WABC) declared a quarterly cash dividend of $0.42 per share on common stock, payable on August 19, 2022, to shareholders recorded by August 8, 2022. Additionally, the Board approved a share repurchase plan for up to 1,750,000 shares, representing 6.5% of outstanding stock as of June 30, 2022. The company's net income for Q2 2022 was $25.3 million, with diluted earnings per share of $0.94, reflecting financial strength and a conservative risk profile.
Westamerica Bancorporation (WABC) reported a net income of $25.3 million in Q2 2022, translating to a diluted EPS of $0.94. This reflects an increase from $22.6 million and $0.84 in Q1 2022. The bank benefitted from its variable-rate bonds and maintained a solid credit quality with nonperforming loans at $861 thousand. The annualized return on average common equity was 12.9%. Shareholders received a dividend of $0.42 per share. Net interest income increased to $48.0 million, while noninterest expenses decreased to $24.6 million.
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.42 per share, payable on May 20, 2022, to shareholders of record as of May 9, 2022. The decision highlights the company's reliable earnings and financial strength. For Q1 2022, Westamerica reported a net income of $22.6 million, equating to $0.84 diluted earnings per share. This reflects the company’s conservative risk profile and commitment to returning value to shareholders.
Westamerica Bancorporation (WABC) reported a net income of $22.6 million and diluted earnings per share (EPS) of $0.84 for Q1 2022, showing growth from $21.7 million and $0.81 EPS in Q4 2021.
The bank's return on average common equity was 11.8%, supported by well-managed operating expenses at 55% of revenue. Nonperforming loans were low at $915 thousand.
WABC increased noninterest income to $11.6 million, while noninterest expenses rose to $24.9 million due to seasonal factors.
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.42 per share for shareholders of record as of February 7, 2022, payable on February 18, 2022. The company's net income for Q4 2021 was reported at $21.7 million, translating to $0.81 diluted earnings per share. Chairman David Payne noted the dividend reflects Westamerica’s reliable earnings, financial strength, and conservative risk profile.
Westamerica Bancorporation (Nasdaq: WABC) reported a net income of $21.7 million for Q4 2021, resulting in diluted EPS of $0.81. This is a slight decrease from Q3 2021's net income of $22.1 million and EPS of $0.82, which benefitted from $0.02 in 'make-whole' interest income. The firm's operating expenses were well managed, yielding 56% of revenue to pre-tax income. Nonperforming loans stood at $1.0 million, and the annualized return on average common equity was 11.2%. A dividend of $0.42 per share was declared, representing 52% of diluted EPS.
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.