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) 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.
Westamerica Bancorporation (WABC) reported a fourth-quarter 2020 net income of $23.8 million, achieving diluted earnings per share (EPS) of $0.89. This represents an increase from $20.1 million and $0.74 in the previous quarter, and $20.7 million and $0.77 in the same quarter last year. The results benefited from a $1.9 million gain on called corporate bonds and adjustments to the tax provision. Operating expenses were $24.5 million, maintaining a favorable 43% expense-to-revenue ratio. The company maintained a stable credit quality with nonperforming loans of $4.8 million.
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.41 per share, payable on November 13, 2020, to shareholders of record by the close of business on November 2, 2020. The Chairman, David Payne, emphasized the company's strong capital levels and profitability. Additionally, Westamerica reported a net income of $20 million for Q3 2020, translating to $0.74 diluted earnings per share. This solid performance reflects the bank's robust asset quality and operational stability.
Westamerica Bancorporation (Nasdaq: WABC) reported a third quarter 2020 net income of $20.1 million and diluted EPS of $0.74, slightly up from $19.6 million and $0.72 in Q2 2020, yet down from $20.4 million and $0.75 in Q3 2019. The company's non-interest revenues increased by $922 thousand compared to the prior quarter, while net interest income fell to $41.8 million. The annualized return on average common equity was 11.2%, with a dividend of $0.41 per share. Credit quality remains stable despite loan payment deferrals amidst the pandemic.
Westamerica Bancorporation's Board has authorized a share repurchase program for up to 1,750,000 shares, representing 6.5% of its outstanding stock, aimed at enhancing shareholder value. This buyback will occur in open market or negotiated transactions until September 1, 2021. For the second quarter of 2020, the company reported a net income of $20 million, equating to $0.72 per diluted share. Chairman David Payne emphasized that the buyback reflects the bank's consistent profitability and strong capital position.
Westamerica Bancorporation (NASDAQ: WABC) declared a quarterly cash dividend of $0.41 per share, payable on August 14, 2020 to shareholders of record by August 3, 2020. Chairman David Payne highlighted the bank's solid capital levels, asset quality, and profitability. For the quarter ending June 30, 2020, Westamerica reported $20 million in net income, translating to $0.72 diluted earnings per share.
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