Westamerica Bancorporation has declared a quarterly cash dividend of $0.48 per share, reflecting its solid financial performance. The dividend will be payable on November 13, 2026, to shareholders of record as of November 2, 2026. This announcement underscores the company's commitment to returning value to its shareholders.
David Payne, Chairman, President, and CEO of Westamerica, stated, “This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength, and conservative risk profile.” The company reported a net income of $28.2 million for the third quarter of 2026, amounting to $1.22 in diluted earnings per share.
Background
Westamerica Bancorporation, incorporated in California, operates through its wholly owned subsidiary, Westamerica Bank. The company is classified under the SIC code 6021, which pertains to National Commercial Banks. It is listed on the Nasdaq stock exchange under the ticker symbol WABC.
What the Filing Says
The filing, dated October 22, 2026, includes a press release announcing the dividend declaration, which is incorporated by reference. The filing emphasizes the company's financial strength and commitment to shareholder returns.
Impact
This dividend declaration may positively affect Westamerica's shareholders, providing them with a steady income stream. It also reflects the company's financial health, which may influence investor confidence in the National Commercial Banks sector.
What's Next
The filing does not specify what happens next beyond the dividend payment schedule.