Amendment: SEC Form SC 13G/A filed by Westamerica Bancorporation

$WABC
Major Banks
Finance
Get the next $WABC alert in real time by email
SC 13G/A 1 westamericabancorp13g-a1.htm SC 13G Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1) *

WESTAMERICA BANCORPORATION
(Name of Issuer)


COMMON STOCK
(Title of Class of Securities)

957090103
(CUSIP Number)

SEPTEMBER 30, 2024
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
X    Rule 13d-1(b)
    Rule 13d-1(c)
    Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


image_11.jpg


Page 1 of 8 Pages



image_11.jpgCUSIP No. 957090103
1.Names of Reporting Persons
American Century Investment Management, Inc.
image_11.jpg
2.Check the Appropriate Box if a Member of a Group (See Instructions)
a)
b)
image_11.jpg
3.SEC Use Only

image_11.jpg
4.Citizenship or Place of Organization
Delaware
 
5.

Sole Voting Power

1,907,729
Number of Shares
Beneficially

6.
 
Shared Voting Power

 N/A
Owned by  
Each
Reporting
Person With:

7.
 
Sole Dispositive Power

1,954,328
 
8.
 
Shared Dispositive Power

N/A

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,954,328

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
 
       11.

Percent of Class Represented by Amount in Row (9)

7.32%

12.

Type of Reporting Person (See Instructions)

IA



Page 2 of 8 Pages



image_11.jpgCUSIP No. 957090103
1.Names of Reporting Persons
American Century Companies, Inc.
image_11.jpg
2.Check the Appropriate Box if a Member of a Group (See Instructions)
a)
b)
image_11.jpg
3.SEC Use Only

image_11.jpg
4.Citizenship or Place of Organization
Delaware
 
5.

Sole Voting Power
1,907,729
Number of Shares
Beneficially

6.
 
Shared Voting Power

 N/A
Owned by  
Each
Reporting
Person With:

7.
 
Sole Dispositive Power
1,954,328
 
8.
 
Shared Dispositive Power

N/A

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,954,328

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)

11.

Percent of Class Represented by Amount in Row (9)

7.32%

12.

Type of Reporting Person (See Instructions)

HC



Page 3 of 8 Pages



image_11.jpgCUSIP No. 957090103
1.Names of Reporting Persons
Stowers Institute for Medical Research
image_11.jpg
2.Check the Appropriate Box if a Member of a Group (See Instructions)
a)
b)
image_11.jpg
3.SEC Use Only

image_11.jpg
4.Citizenship or Place of Organization
Delaware
 
5.

Sole Voting Power
1,907,729
Number of Shares
Beneficially

6.
 
Shared Voting Power

 N/A
Owned by  
Each
Reporting
Person With:

7.
 
Sole Dispositive Power

1,954,328
 
8.
 
Shared Dispositive Power

N/A

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,954,328

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)

11.

Percent of Class Represented by Amount in Row (9)

7.32%

12.

Type of Reporting Person (See Instructions)

HC



Page 4 of 8 Pages



Item 1.
a)Name of Issuer

Westamerica Bancorporation

b)Address of Issuer’s Principal Executive Offices

1108 Fifth Avenue
San Rafael, California 94901
Item 2.
a)Name of Person Filing:
1)American Century Investment Management, Inc.
2)American Century Companies, Inc.
3)Stowers Institute for Medical Research

a)Address of Principal Business Office or, if none, Residence.
4500 Main Street
9th Floor
Kansas City, Missouri 64111

c)Citizenship.
1)Delaware
2)Delaware
3)Delaware

d)Title of Class of Securities
Reference is made to the cover page of this filing.

e)CUSIP Number.
Reference is made to the cover page of this filing.




Page 5 of 8 Pages



Item 3.    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
1)American Century Investment Management, Inc. is an investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
2)American Century Companies, Inc. is a parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
3)Stowers Institute for Medical Research is a parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

Item 4.     Ownership.
     Reference is made to Items 5-9 and 11 on the cover page of this filing.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Various persons, including the investment companies and separate institutional investor accounts that American Century Investment Management, Inc. (“ACIM”) serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule.  Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by ACIM.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
See attached Exhibit A.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable






Page 6 of 8 Pages



Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 8th day of November, 2024.

AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. (“ACIM”)

AMERICAN CENTURY COMPANIES, INC. (“ACC”)

By:     __/s/ John Pak______________
    John Pak
    Senior Vice President, ACIM and ACC
    

STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC

By:    __/s/ Richard W. Brown________
    Richard W. Brown
    Chairman

SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b).

EXHIBIT A
This Exhibit has been prepared to identify each subsidiary of American Century Companies, Inc. (“ACC”), which is controlled by the Stowers Institute for Medical Research, that is a beneficial owner of securities that are the subject of this schedule (the “Subject Securities”).  American Century Investment Management, Inc. (“ACIM”) is a wholly-owned subsidiary of ACC and an investment adviser registered under §203 of the Investment Advisers Act of 1940.
SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b) and Rule 13d-1(f) (1) Agreement.




Page 7 of 8 Pages



EXHIBIT B
Each of the undersigned hereby agrees and consents to the execution and joint filing on its behalf by American Century Investment Management, Inc. of this Schedule 13G respecting the beneficial ownership of the securities which are the subject of this schedule.

Dated this 8th day of November, 2024.

AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. (“ACIM”)

AMERICAN CENTURY COMPANIES, INC. (“ACC”)

By:     __/s/ John Pak______________
    John Pak
    Senior Vice President, ACIM and ACC
    

STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC

By:    __/s/ Richard W. Brown_________
    Richard W. Brown
    Chairman











Page 8 of 8 Pages

Get the next $WABC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$WABC

DatePrice TargetRatingAnalyst
7/22/2024Buy → Hold
Maxim Group
More analyst ratings

$WABC
Press Releases

Fastest customizable press release news feed in the world

See more
  • Westamerica Bancorporation Announces Stock Repurchase Plan

    SAN RAFAEL, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:WABC) today approved a plan to repurchase, as conditions warrant, up to 2,000,000 shares of the Company's common stock on the open market or in privately negotiated transactions prior to March 31, 2026. The repurchase plan represents approximately 7.5 percent of the Company's common stock outstanding as of December 31, 2024. Chairman, President and CEO David Payne stated, "This stock repurchase plan recognizes Westamerica's financial strength, conservative risk profile and reliable earnings stream." Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica

    $WABC
    Major Banks
    Finance
  • Westamerica Bancorporation Declares Quarterly Cash Dividend

    SAN RAFAEL, Calif., Jan. 23, 2025 (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 3, 2025. The dividend is payable February 14, 2025. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On January 16, 2025, Westamerica reported $31.7 million in net income for the three months ended December 31, 2024, or $1.19 diluted earnings per common share. Westamerica Bancorporation, through its

    $WABC
    Major Banks
    Finance
  • Westamerica Bancorporation Reports Fourth Quarter 2024 Financial Results

    SAN RAFAEL, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2024 of $31.7 million and diluted earnings per common share ("EPS") of $1.19. Fourth quarter 2024 results include an increase to the book tax provision to reconcile the 2023 income tax provision to the filed 2023 tax returns, which reduced EPS $0.01. Fourth quarter 2024 results compare to third quarter 2024 net income of $35.1 million and EPS of $1.31, which included gains from life insurance and sales of other assets equivalent to EPS of $0.04. "Westamerica's fourth quarter 2024 results benefited from the Company's

    $WABC
    Major Banks
    Finance

$WABC
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$WABC
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$WABC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$WABC
SEC Filings

See more

$WABC
Leadership Updates

Live Leadership Updates

See more
  • Westamerica Bank Announces New Board Member

    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

    $WABC
    Major Banks
    Finance
  • Westamerica Bank Announces New Board Member

    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

    $WABC
    Major Banks
    Finance
  • Westamerica Bank Announces New Board Member

    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

    $WABC
    Major Banks
    Finance

$WABC
Financials

Live finance-specific insights

See more
  • Westamerica Bancorporation Declares Quarterly Cash Dividend

    SAN RAFAEL, Calif., Jan. 23, 2025 (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 3, 2025. The dividend is payable February 14, 2025. Chairman, President and CEO David Payne stated, "This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile." On January 16, 2025, Westamerica reported $31.7 million in net income for the three months ended December 31, 2024, or $1.19 diluted earnings per common share. Westamerica Bancorporation, through its

    $WABC
    Major Banks
    Finance
  • Westamerica Bancorporation Reports Fourth Quarter 2024 Financial Results

    SAN RAFAEL, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (NASDAQ:WABC), parent company of Westamerica Bank, generated net income for the fourth quarter 2024 of $31.7 million and diluted earnings per common share ("EPS") of $1.19. Fourth quarter 2024 results include an increase to the book tax provision to reconcile the 2023 income tax provision to the filed 2023 tax returns, which reduced EPS $0.01. Fourth quarter 2024 results compare to third quarter 2024 net income of $35.1 million and EPS of $1.31, which included gains from life insurance and sales of other assets equivalent to EPS of $0.04. "Westamerica's fourth quarter 2024 results benefited from the Company's

    $WABC
    Major Banks
    Finance
  • Westamerica Bancorporation Declares Quarterly Cash Dividend

    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

    $WABC
    Major Banks
    Finance

$WABC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more