Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as other loans primarily consisting of indirect automobile loans. Westamerica Bancorporation operates through 79 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.
IPO Year:
Exchange: NASDAQ
Website: westamerica.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/22/2024 | Buy → Hold | Maxim Group |
Maxim Group downgraded Westamerica Banc from Buy to Hold
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SAN RAFAEL, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 4, 2024. The dividend is payable November 15, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On October 17, 2024, Westamerica reported $35.1 million in net income for the three months ended September 30, 2024, or $1.31 diluted earnings per common share. Westamerica Bancorporation, through it
SAN RAFAEL, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the third quarter 2024 of $35.1 million and diluted earnings per common share ("EPS") of $1.31, which includes gains from life insurance and sales of other assets equivalent to $0.04 EPS. Third quarter 2024 results compare to second quarter 2024 net income of $35.5 million and EPS of $1.33. "Westamerica's third quarter 2024 results benefited from the Company's valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bon
SAN RAFAEL, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 5, 2024. The dividend is payable August 16, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On July 18, 2024, Westamerica reported $35.5 million in net income for the three months ended June 30, 2024, or $1.33 diluted earnings per common share. Westamerica Bancorporation, through its wholly own
SAN RAFAEL, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the second quarter 2024 of $35.5 million and diluted earnings per common share ("EPS") of $1.33. Second quarter 2024 results compare to first quarter 2024 net income of $36.4 million and EPS of $1.37. "Westamerica's second quarter 2024 results benefited from the Company's low-cost operating principles. The annualized cost of funding our interest-earning loans, bonds and cash was 0.35 percent for the second quarter 2024. The Company recognized no provision for credit losses due to $73 thousand of net loan recoveries in the second quart
SAN RAFAEL, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business May 6, 2024. The dividend is payable May 17, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On April 18, 2024, Westamerica reported $36.4 million in net income for the three months ended March 31, 2024, or $1.37 diluted earnings per common share. Westamerica Bancorporation, through its wholly owned
SAN RAFAEL, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the first quarter 2024 of $36.4 million and diluted earnings per common share ("EPS") of $1.37. First quarter 2024 results compare to fourth quarter 2023 net income of $39.5 million and EPS of $1.48. "Westamerica's first quarter 2024 results benefited from the Company's valuable low-cost deposit base, of which 47 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.20 percent for the first quarter 2024. First quarter 2024 operating expe
SAN RAFAEL, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Martin Camsey to its Board of Directors. "We are pleased to add Martin Camsey to our Board of Directors," said David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. "Martin has over 35 years of experience in the retail automobile industry. His unique background in finance and administration will enhance our board and contribute to our ongoing governance practices." In addition to being a Director of Westamerica Bank, Mr. Camsey will serve as a member of the Audit and Employee Benefits committees. Mr. Camsey was most recently the Chief
SAN RAFAEL, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 5, 2024. The dividend is payable February 16, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On January 18, 2024, Westamerica reported $39.5 million in net income for the three months ended December 31, 2023, or $1.48 diluted earnings per common share. Westamerica Bancorporation, through its
SAN RAFAEL, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2023 of $39.5 million and diluted earnings per common share ("EPS") of $1.48. Fourth quarter 2023 results include an increase to the book tax provision to reconcile the 2022 income tax provision to the filed 2022 tax returns, which reduced EPS $0.02. Fourth quarter 2023 results compare to third quarter 2023 net income of $41.6 million and EPS of $1.56. "Westamerica's fourth quarter 2023 results benefited from the Company's valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing ch
SAN RAFAEL, Calif., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Alisa Belew to its Board of Directors. "We are pleased to add Alisa Belew to our Board of Directors," said David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. "Alisa has over 14 years of experience in the commercial real estate industry and her unique background will enhance our board and contribute to our ongoing governance practices." Ms. Belew is a Director of Newmark, one of the largest commercial real estate firms in the world. As Director, she specializes in the leasing and sales of commercial properties in Marin and Sonoma countie
SAN RAFAEL, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Martin Camsey to its Board of Directors. "We are pleased to add Martin Camsey to our Board of Directors," said David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. "Martin has over 35 years of experience in the retail automobile industry. His unique background in finance and administration will enhance our board and contribute to our ongoing governance practices." In addition to being a Director of Westamerica Bank, Mr. Camsey will serve as a member of the Audit and Employee Benefits committees. Mr. Camsey was most recently the Chief
SAN RAFAEL, Calif., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Alisa Belew to its Board of Directors. "We are pleased to add Alisa Belew to our Board of Directors," said David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. "Alisa has over 14 years of experience in the commercial real estate industry and her unique background will enhance our board and contribute to our ongoing governance practices." Ms. Belew is a Director of Newmark, one of the largest commercial real estate firms in the world. As Director, she specializes in the leasing and sales of commercial properties in Marin and Sonoma countie
SAN RAFAEL, Calif., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Westamerica Bancorporation announces the appointment of Inez Wondeh to its Board of Directors. "We are pleased to add Inez Wondeh to our Board of Directors." says David L. Payne, Chairman, President and Chief Executive Officer of Westamerica Bancorporation. "Inez has over 20 years of experience in the healthcare industry and her unique background will enhance our board and contribute to our continued positive growth." Ms. Wondeh was named the Chief Executive Officer at BASS Medical Group in 2019. She has held several key positions in various healthcare organizations, including four years as Chief Operating Officer at BASS where she he
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Maxim Group analyst Michael Diana downgrades Westamerica Bancorp (NASDAQ:WABC) from Buy to Hold.
Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:WABC) with a Neutral and raises the price target from $50 to $57.
Westamerica Bancorp (NASDAQ:WABC) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.30 by 2.31 percent. The company reported quarterly sales of $74.600 million which beat the analyst consensus estimate of $74.040 million by 0.76 percent. This is a 7.88 percent decrease over sales of $80.981 million the same period last year.
Keefe, Bruyette & Woods analyst Kelly Motta reiterates Westamerica Bancorp (NASDAQ:WABC) with a Market Perform and lowers the price target from $58 to $57.
Piper Sandler analyst Andrew Liesch maintains Westamerica Bancorp (NASDAQ:WABC) with a Neutral and lowers the price target from $51 to $50.
Westamerica Bancorp (NASDAQ:WABC) reported quarterly earnings of $1.37 per share which met the analyst consensus estimate. This is a 9.27 percent decrease over earnings of $1.51 per share from the same period last year. The company reported quarterly sales of $76.19 million which missed the analyst consensus estimate of $77.52 million by 1.71 percent. This is a 4.89 percent decrease over sales of $80.11 million the same period last year.
By the close of today, February 16, 2024, Westamerica Bancorp (NASDAQ:WABC) will issue a dividend payout of $0.44 per share, resulting in an annualized dividend yield of 3.54%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 02, 2024. Westamerica Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Thursday marks the last chance for investors to receive the next dividend payout from Westamerica Bancorp (NASDAQ:WABC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 44 cents per share. On Friday, Westamerica Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 44 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own WABC as of the end of Thursday's session are eligible to receive the 44 cent
Piper Sandler has decided to maintain its Neutral rating of Westamerica Bancorp (NASDAQ:WABC) and lower its price target from $56.00 to $55.00. Shares of Westamerica Bancorp are trading up 0.0% over the last 24 hours, at $52.11 per share. A move to $55.00 would account for a 5.55% increase from the current share price. About Westamerica Bancorp Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The bank's net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller busine
SAN RAFAEL, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 4, 2024. The dividend is payable November 15, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On October 17, 2024, Westamerica reported $35.1 million in net income for the three months ended September 30, 2024, or $1.31 diluted earnings per common share. Westamerica Bancorporation, through it
SAN RAFAEL, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the third quarter 2024 of $35.1 million and diluted earnings per common share ("EPS") of $1.31, which includes gains from life insurance and sales of other assets equivalent to $0.04 EPS. Third quarter 2024 results compare to second quarter 2024 net income of $35.5 million and EPS of $1.33. "Westamerica's third quarter 2024 results benefited from the Company's valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bon
SAN RAFAEL, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business August 5, 2024. The dividend is payable August 16, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On July 18, 2024, Westamerica reported $35.5 million in net income for the three months ended June 30, 2024, or $1.33 diluted earnings per common share. Westamerica Bancorporation, through its wholly own
SAN RAFAEL, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the second quarter 2024 of $35.5 million and diluted earnings per common share ("EPS") of $1.33. Second quarter 2024 results compare to first quarter 2024 net income of $36.4 million and EPS of $1.37. "Westamerica's second quarter 2024 results benefited from the Company's low-cost operating principles. The annualized cost of funding our interest-earning loans, bonds and cash was 0.35 percent for the second quarter 2024. The Company recognized no provision for credit losses due to $73 thousand of net loan recoveries in the second quart
SAN RAFAEL, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business May 6, 2024. The dividend is payable May 17, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On April 18, 2024, Westamerica reported $36.4 million in net income for the three months ended March 31, 2024, or $1.37 diluted earnings per common share. Westamerica Bancorporation, through its wholly owned
SAN RAFAEL, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the first quarter 2024 of $36.4 million and diluted earnings per common share ("EPS") of $1.37. First quarter 2024 results compare to fourth quarter 2023 net income of $39.5 million and EPS of $1.48. "Westamerica's first quarter 2024 results benefited from the Company's valuable low-cost deposit base, of which 47 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.20 percent for the first quarter 2024. First quarter 2024 operating expe
SAN RAFAEL, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business February 5, 2024. The dividend is payable February 16, 2024. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On January 18, 2024, Westamerica reported $39.5 million in net income for the three months ended December 31, 2023, or $1.48 diluted earnings per common share. Westamerica Bancorporation, through its
SAN RAFAEL, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2023 of $39.5 million and diluted earnings per common share ("EPS") of $1.48. Fourth quarter 2023 results include an increase to the book tax provision to reconcile the 2022 income tax provision to the filed 2022 tax returns, which reduced EPS $0.02. Fourth quarter 2023 results compare to third quarter 2023 net income of $41.6 million and EPS of $1.56. "Westamerica's fourth quarter 2023 results benefited from the Company's valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing ch
SAN RAFAEL, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today declared a quarterly cash dividend of $0.44 per share on common stock outstanding to shareholders of record at the close of business November 6, 2023. The dividend is payable November 17, 2023. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On October 19, 2023, Westamerica reported $41.6 million in net income for the three months ended September 30, 2023, or $1.56 diluted earnings per common share. Westamerica Bancorporation, through it
SAN RAFAEL, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the third quarter 2023 of $41.6 million and diluted earnings per common share ("EPS") of $1.56, which represent the highest third quarter results in Company history. Third quarter 2023 results include a life insurance gain which increased EPS $0.01. Third quarter 2023 results compare to second quarter 2023 net income of $40.2 million and EPS of $1.51. "Westamerica's third quarter 2023 results benefited from the Company's valuable low-cost deposit base, of which 48 percent was represented by non-interest bearing checking accounts durin