Westamerica Bancorporation Announces Stock Repurchase Plan
Westamerica Bancorporation (NASDAQ: WABC) approved a stock repurchase program to buy up to 2,000,000 shares on the open market or in privately negotiated transactions through December 31, 2026.
Rhea-AI Summary
Westamerica Bancorporation (NASDAQ: WABC) approved a stock repurchase program to buy up to 2,000,000 shares on the open market or in privately negotiated transactions through December 31, 2026. The amount represents approximately 8.0% of shares outstanding as of September 30, 2025. Management described the plan as reflecting the company’s financial strength, conservative risk profile and reliable earnings stream. Repurchases are discretionary and will be executed “as conditions warrant.”
Contact: Robert A. Thorson, Investor Relations; website: www.westamerica.com.
Positive
- 2,000,000-share repurchase authorization through 12/31/2026
- Repurchase equals approximately 8.0% of shares outstanding as of 9/30/2025
- Program allows open-market or privately negotiated transactions
Negative
- Repurchases are discretionary and may be suspended if conditions change
Details
News Market Reaction – WABC
On Dec 18, the day this news came out, WABC closed 2.33% above the previous close.
Data tracked by StockTitan Argus for the Dec 18 session.
Key Figures
- Repurchase authorization
- 2,000,000 shares
- Maximum common shares to be repurchased under new plan
- Portion of float
- 8.0% of common stock
- Shares outstanding as of September 30, 2025
- Plan end date
- December 31, 2026
- Expiration of repurchase authorization
- Reference date
- September 30, 2025
- Date for outstanding-share base used in 8.0% figure
Historical Context
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Quarterly dividend of $0.46 alongside Q3 2025 net income of $28.3M.
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Q3 2025 EPS $1.12, essentially flat vs Q2, with strong asset quality.
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Reaffirmed $0.46 dividend after strong Q2 2025 net income of $29.1M.
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Q2 2025 net income and EPS declined vs Q1, despite solid efficiency.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
stock repurchase plan financial
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN RAFAEL, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today approved a plan to repurchase, as conditions warrant, up to 2,000,000 shares of the Company’s common stock on the open market or in privately negotiated transactions prior to December 31, 2026. The repurchase plan represents approximately 8.0 percent of the Company’s common stock outstanding as of September 30, 2025.
Chairman, President and CEO David Payne stated, “This stock repurchase plan recognizes Westamerica’s financial strength, conservative risk profile and reliable earnings stream.”
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 – Investment Relations Contact, 707-863-6090
investments@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, competition, fiscal and monetary policies, disintermediation, cyber security risks, legislation including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2011, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.
Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward-looking statements are made.
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