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.
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.
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.