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 senior vice president George S. Ensinger reported a tax-related share disposition. On March 2, 2026, 1,156 shares of common stock were withheld at $50.90 per share to cover taxes on 2,806 restricted performance shares that vested in January 2026.
After this, he held 6,565 common shares directly, plus additional direct and ESOP-related holdings that include shares from dividend reinvestment.
Westamerica Bancorporation reported 2025 net income of $116.2 million, down from $138.6 million in 2024 and $161.8 million in 2023, equal to $4.52 diluted EPS. Return on assets was 1.91% and return on common equity 11.23%, reflecting still-solid profitability.
Net interest and loan fee income fell to $217.3 million as the fully taxable equivalent net interest margin compressed to 3.82%. Noninterest expense was tightly managed at $101.9 million, producing an efficiency ratio of 39.3%. Results included a small $550 thousand reversal of credit loss provision and $208 thousand in bank-owned life insurance gains.
Total assets were $6.0 billion at December 31, 2025, with loans of $726.5 million, deposits of $4.84 billion and shareholders’ equity of $933.5 million. Capital remained strong, with a total risk-based capital ratio of 23.05% and tangible equity to tangible assets of 13.90%. The company paid $1.82 in common dividends per share, a 40% payout ratio, and continued buybacks, repurchasing 485 thousand shares in Q4 2025 at an average price of $48.13 under authorizations for up to 2 million shares.
Management highlights key risks including interest-rate sensitivity, concentrated operations in California real estate markets, securities valuation volatility, potential higher FDIC insurance costs, climate-related physical and transition risks, and cybersecurity threats. The company reports no material cybersecurity incidents in 2025 and emphasizes strong regulatory capital, detailed credit risk management, and an NIST-based information security program.
Westamerica Bancorporation reported that SVP/CFO Jonas Anela Marya acquired 15 shares of common stock on a grant or award basis at $0.0000 per share. After this award, direct holdings total 235.5539 shares. The filing also reports indirect holdings of 705.4540 shares through an ESOP and 1821.0000 shares in an IRA.
Westamerica Bancorporation officer Matthew John Mihalik, SVP/Treasurer, filed an initial Form 3 reporting beneficial ownership of 0 shares of common stock, both directly and indirectly, as of January 12, 2026. The filing notes it was submitted late because the Form ID application, sent on January 14, 2026, was not approved and a CIK assigned until January 29, 2026.
Westamerica Bancorporation SVP and Chief Information Officer Brian J. Donohoe reported equity compensation activity and a correction to prior share balances. On 01/22/2026 he acquired 2,040 shares of common stock at $0, reflecting vested restricted performance shares granted in 2023.
Following this, he directly holds 2,086.8411 common shares, 2,052.978 shares through an ESOP, and 2,784 shares indirectly via a trust. He was also granted a non-qualified stock option for 20,500 shares at an exercise price of $51.15 per share, vesting ratably over three years beginning 01/22/2027 and expiring 01/22/2036. The filing also corrects an earlier misclassification of vested restricted performance shares between directly held stock and shares owned by the trust.
Westamerica Bancorporation insider equity awards: On January 22, 2026, SVP/Banking Division Manager Robert James Baker Jr. reported new equity awards in Westamerica Bancorporation common stock.
He was granted a non-qualified stock option to buy 15,800 shares at an exercise price of $51.15 per share. These options become exercisable starting January 22, 2027 and expire on January 22, 2036, and they vest ratably over three years beginning one year from the grant date.
He also acquired 1,360 shares of common stock at a reported price of $0, reflecting the vesting of restricted performance shares granted in 2023 after meeting performance criteria. Following these transactions, he directly holds 1,360 common shares and indirectly holds 3,573.767 shares through an ESOP.
Westamerica Bancorporation SVP/Chief Information Officer Brian J. Donohoe reported new equity awards and share ownership changes. On January 22, 2026, he was granted 20,500 non-qualified stock options with an exercise price of $51.15 per share. These options vest in equal parts over three years, beginning one year from the grant date.
On the same date, he also acquired 2,040 shares of common stock at $0 per share, reflecting the vesting of restricted performance shares granted in 2023 after meeting performance criteria. Following these transactions, he directly holds about 2,086.8411 shares, and indirectly holds 2,052.978 shares through an ESOP and 4,824 shares through a trust.
Westamerica Bancorporation SVP/CFO Anela Marya Jonas received a grant of 23,500 non-qualified stock options on January 22, 2026. Each option has an exercise price of $51.15 and is exercisable for one share of Westamerica common stock, with the options expiring on January 22, 2036. The options vest ratably over three years, beginning one year from the grant date. Following this grant, Jonas holds 23,500 stock options directly, along with 220.5539 shares of common stock held directly, 705.454 shares held indirectly through an ESOP, and 1,821 shares held indirectly in an IRA.
Westamerica Bancorporation reported an equity compensation grant to senior executive Curtis Belton, who serves as SVP/Risk Officer. On 01/22/2026 he received a non-qualified stock option to buy 16,600 shares of common stock at an exercise price of $51.15 per share. The option becomes exercisable beginning 01/22/2027, vests in equal installments over three years from that date, and expires on 01/22/2036. Following this grant, Belton holds 16,600 derivative securities directly.
Westamerica Bancorporation executive Cheryl Christine Thorsen received a grant of 6,900 stock options on January 22, 2026 in her role as SVP/HR Division Manager. These are non-qualified stock options with an exercise price of $51.15 per share and relate to the company’s common stock. The options become exercisable over time, vesting ratably over three years beginning one year from the grant date, and are exercisable from January 22, 2027 until their expiration on January 22, 2036. Following this grant, she holds 6,900 derivative securities directly.