Westamerica Bancorporation Increases Quarterly Cash Dividend
Rhea-AI Summary
Westamerica Bancorporation (NASDAQ: WABC) announced a quarterly cash dividend of $0.48 per share, a $0.02 increase from the prior quarter, payable May 15, 2026, to shareholders of record at the close of business May 4, 2026. The company reported $27.4 million in net income for Q1 2026, or $1.13 diluted EPS.
The board cited the company's earnings stream, financial strength and conservative risk profile as reasons for the increase.
Positive
- Quarterly cash dividend increased to $0.48 per share
- Dividend payable May 15, 2026; record date May 4, 2026
- Net income of $27.4 million for Q1 2026; diluted EPS $1.13
Negative
- None.
News Market Reaction – WABC
In the Apr 23 session, WABC gained 1.37%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN RAFAEL, Calif., April 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of
Chairman, President and CEO David Payne stated, “This increase in the quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.”
On April 16, 2026, Westamerica reported
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 – Investor 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, 2025 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 2010, 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.
