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Westamerica Bancorporation (NASDAQ: WABC) sets $0.48 quarterly cash dividend

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(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Westamerica Bancorporation declared a quarterly cash dividend of $0.48 per share on common stock, payable August 14, 2026 to shareholders of record at the close of business on August 3, 2026.

The company previously reported net income of $27.4 million for the quarter ended June 30, 2026, or $1.17 diluted earnings per common share, and its leadership characterized results as reflecting reliable earnings, financial strength and a conservative risk profile.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Quarterly cash dividend $0.48 per share Declared on common stock, payable August 14, 2026
Dividend record date August 3, 2026 Shareholders of record at close of business receive dividend
Dividend payment date August 14, 2026 Scheduled payment date for $0.48 per share dividend
Quarterly net income $27.4 million Net income for the three months ended June 30, 2026
Diluted EPS $1.17 per share Diluted earnings per common share for quarter ended June 30, 2026
quarterly cash dividend financial
"declared a quarterly cash dividend of $0.48 per share on common stock"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
shareholders of record financial
"to shareholders of record at the close of business August 3, 2026"
Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.
diluted earnings per common share financial
"or $1.17 diluted earnings per common share"
Diluted earnings per common share measures a company’s profit allocated to each share assuming all potential shares that could be created — like employee stock options, warrants, or convertible debt — are exercised or converted. Think of a pie split among current and possible future diners: it shows a more conservative slice size each shareholder would get if all claims became shares, helping investors compare profitability on a worst‑case dilution basis.
forward-looking statements regulatory
"This press release may contain forward-looking statements about the Company"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"The following appears in accordance with the Private Securities Litigation Reform Act of 1995"

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FAQ

What quarterly dividend did Westamerica Bancorporation (WABC) declare?
Westamerica Bancorporation declared a quarterly cash dividend of $0.48 per share on its common stock. The dividend reflects the board’s decision based on the company’s earnings, financial strength and conservative risk profile as described by its Chairman, President and CEO.

What are the record and payment dates for WABC’s new dividend?
Shareholders of Westamerica Bancorporation (WABC) of record at the close of business on August 3, 2026 will receive the dividend. The $0.48 per share cash dividend is scheduled to be paid on August 14, 2026.

What net income did Westamerica Bancorporation (WABC) report for Q2 2026?
For the three months ended June 30, 2026, Westamerica Bancorporation reported net income of $27.4 million. This quarterly performance underpins the board’s decision to maintain a cash dividend, according to management’s comments on earnings strength and risk profile.

What was WABC’s diluted EPS for the quarter ended June 30, 2026?
Westamerica Bancorporation reported $1.17 diluted earnings per common share for the three months ended June 30, 2026. This earnings per share figure is based on net income of $27.4 million for the same quarter.

How did WABC’s management describe its financial position in connection with the dividend?
Management stated the quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile. This description accompanied the announcement of the $0.48 per share cash dividend and recent quarterly net income results.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 23, 2026

_______________________________

WESTAMERICA BANCORPORATION

(Exact name of registrant as specified in its charter)

_______________________________

California001-0938394-2156203
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1108 Fifth Avenue

San Rafael, California 94901

(Address of Principal Executive Offices) (Zip Code)

(707) 863-6000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueWABCThe Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 8.01. Other Events.

 

On July 23, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.
   
99.1 Press Release dated July 23, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 WESTAMERICA BANCORPORATION
   
  
Date: July 23, 2026By: /s/ Anela Jonas        
  Anela Jonas
  Senior Vice President and Chief Financial Officer
  

 

EXHIBIT 99.1

Westamerica Bancorporation Declares Quarterly Cash Dividend

SAN RAFAEL, Calif., July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of $0.48 per share on common stock outstanding to shareholders of record at the close of business August 3, 2026. The dividend is payable August 14, 2026.

Chairman, President and CEO David Payne stated, “This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.”

On July 16, 2026, Westamerica reported $27.4 million in net income for the three months ended June 30, 2026, or $1.17 diluted earnings per common share.

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 March 31, 2026 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.

Source: View Original Filing on SEC EDGAR

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