Welcome to our dedicated page for Westamerica Bancorporation SEC filings (Ticker: WABC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Westamerica Bancorporation filings document the company’s public reporting as a California bank holding company with Nasdaq-listed common stock. Its Form 8-K reports cover quarterly results, dividends, share repurchase authorizations, director appointments and other material corporate events tied to Westamerica Bank’s commercial banking and trust operations in Northern and Central California.
Proxy materials and related meeting filings describe board elections, advisory executive-compensation votes, independent auditor ratification and shareholder voting outcomes. The filing record also includes disclosures on governance, capital returns, operating performance, credit-loss provisions, deposit funding, loan and securities portfolio economics and registered common-stock status.
Westamerica Bancorporation announced that its Board of Directors increased the quarterly cash dividend to $0.48 per share, a $0.02 per share increase from the prior quarter. The dividend will be paid on May 15, 2026 to shareholders of record as of May 4, 2026.
Management linked the higher dividend to Westamerica’s reliable earnings, financial strength and conservative risk profile. The company recently reported $27.4 million in net income for the three months ended March 31, 2026, or $1.13 in diluted earnings per common share.
Westamerica Bancorporation senior executive Robert James Baker Jr., SVP/Banking Division Manager, reported an open-market sale of 759 shares of common stock at $53.8337 per share. This transaction reduced his directly held shares to zero, while he continues to hold 3,729.514 shares indirectly through an ESOP as of the reported date.
Westamerica Bancorporation reported first quarter 2026 net income of $27.4 million, with diluted EPS of $1.13. Earnings were helped by a $300 thousand reversal of credit loss provisions, which added $0.01 per share.
Net interest income (fully taxable equivalent) was $52.7 million, and the net interest margin was 3.74%, down from 3.90% a year earlier. Operating efficiency remained strong, with noninterest expenses at 41.6% of total revenue. Return on average common equity was 11.0% for the quarter.
Asset quality stayed solid, with nonperforming loans of $1.4 million and an allowance for credit losses on loans of $11.2 million at March 31, 2026. The company paid a quarterly dividend of $0.46 per share and retired about 1.0 million shares under its repurchase plan.
The Vanguard Group filed an Amendment No. 15 to Schedule 13G/A stating it currently holds 0 shares of Westamerica BanCorp common stock, representing 0% of the class. The filing explains that an internal realignment on January 12, 2026 caused certain subsidiaries or business divisions to report beneficial ownership separately from The Vanguard Group, Inc.
The filing lists Vanguard's principal address as 100 Vanguard Blvd., Malvern, PA and is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Westamerica Bancorporation is asking shareholders to vote at its April 23, 2026 annual meeting on three main items: electing eight directors, approving a non-binding advisory vote on executive pay, and ratifying the independent auditor. Shareholders of record on March 4, 2026, when 24,189,404 shares were outstanding, can vote in person or by proxy.
Seven of eight directors are independent under NASDAQ rules, with a combined Chairman/CEO role held by David L. Payne and a designated Lead Independent Director. The board uses multiple committees, including Audit, Compensation, Nominating and Compliance, to oversee risk, financial reporting and governance.
Executive pay combines base salary, annual cash incentives and long-term equity awards tied to multi‑year performance metrics such as diluted EPS, return on assets and return on equity. For 2025, corporate performance was assessed at 112% of target, and CEO David Payne received a $400,000 cash incentive on a $371,000 salary. Pay-versus-performance disclosure shows 2025 net income of $116.2 million and return on average equity of 11.2%, with a total shareholder return index value of 103.30 versus 138.29 for the NASDAQ Bank Index peer group.
WESTAMERICA BANCORPORATION director files initial ownership report showing no shares held. Director Welch Carter Andrew reported beneficial ownership of 0 shares of Common Stock, both directly and indirectly, as of the reported date, and the filing shows no buy or sell transactions.
Westamerica Bancorporation executive reports tax-withholding share disposition. SVP and Chief Information Officer Brian J. Donohoe reported a Form 4 transaction involving common stock tied to vested equity awards.
On March 2, 2026, a trust associated with Donohoe disposed of 1,010 shares of common stock at $50.90 per share in a tax-withholding disposition related to vesting of 2,040 Restricted Performance Shares in January 2026. These shares were withheld to cover the tax liability rather than sold in an open-market trade.
After this transaction, indirect holdings by trust stood at 3,814 shares. Donohoe also reported 46.8411 shares of common stock held directly and 2,052.978 shares held indirectly through an ESOP, reflecting his remaining ownership positions.
Westamerica Bancorporation senior vice president Robert James Baker Jr. reported a tax-related share disposition. On the vesting of 1,360 Restricted Performance Shares in January 2026, 601 shares of common stock were withheld at $50.90 per share to pay the tax liability. After this withholding, he directly owned 759 common shares and indirectly held 3,573.767 shares through an ESOP.