Westamerica Bancorporation Increases Stock Buyback Authorization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Should l Buy WABC?
Source: seekingalpha
- Buyback Plan Expansion: Westamerica Bancorporation's board approved a 2 million share increase to its stock repurchase authorization, bringing the total available shares for buyback to 2.79 million, which represents approximately 11.8% of outstanding shares as of March 31, 2026, aimed at enhancing shareholder value and boosting market confidence.
- Flexible Repurchase Methods: The buyback plan allows for share repurchases through open-market or private transactions until December 31, 2026, demonstrating the company's flexibility and foresight in capital management, intending to strategically allocate capital by seizing market opportunities.
- Commitment to Shareholder Returns: By increasing the number of shares for repurchase, Westamerica signals confidence in its future profitability, with expectations that this move will enhance earnings per share, thereby attracting more investor interest and strengthening the company's competitive position in the financial market.
- Market Reaction Expectations: The implementation of the buyback plan is likely to have a positive impact on Westamerica's stock price, especially in the current economic environment where share repurchases are viewed as a recognition of the company's value and an enhancement of investor confidence.
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Analyst Views on WABC
Wall Street analysts forecast WABC stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 54.850
Low
53.00
Averages
53.00
High
53.00
Current: 54.850
Low
53.00
Averages
53.00
High
53.00
About WABC
Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the Bank). The Bank is a California-chartered commercial bank. The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. In addition, the Bank owns 100% of the capital stock of Community Banker Services Corporation (CBSC), a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. It provides a range of loans, including commercial loans, commercial real estate loans, real estate construction loans and residential real estate loans. The Company owns 26 banking office locations and one centralized administrative service center facility and leases 55 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Westamerica Bancorporation Increases Stock Buyback Authorization
- Buyback Plan Expansion: Westamerica Bancorporation's board approved a 2 million share increase to its stock repurchase authorization, bringing the total available shares for buyback to 2.79 million, which represents approximately 11.8% of outstanding shares as of March 31, 2026, aimed at enhancing shareholder value and boosting market confidence.
- Flexible Repurchase Methods: The buyback plan allows for share repurchases through open-market or private transactions until December 31, 2026, demonstrating the company's flexibility and foresight in capital management, intending to strategically allocate capital by seizing market opportunities.
- Commitment to Shareholder Returns: By increasing the number of shares for repurchase, Westamerica signals confidence in its future profitability, with expectations that this move will enhance earnings per share, thereby attracting more investor interest and strengthening the company's competitive position in the financial market.
- Market Reaction Expectations: The implementation of the buyback plan is likely to have a positive impact on Westamerica's stock price, especially in the current economic environment where share repurchases are viewed as a recognition of the company's value and an enhancement of investor confidence.
See More
Mixed Wall Street Close with S&P 500 and Nasdaq at Record Highs
- S&P 500 Record Close: The S&P 500 index rose by 0.8% to close at 7,165.08 points, marking an all-time high, reflecting investor optimism regarding the extended truce between Israel and Lebanon amid ongoing Middle Eastern developments.
- Nasdaq's Strong Performance: The Nasdaq Composite surged by 1.6%, also achieving a record close at 24,836.60 points, indicating robust performance in tech stocks and further bolstering market sentiment.
- Lee Enterprises Executive Appointments: Lee Enterprises appointed Nathan Bekke as CEO and Josh Rinehults as CFO, both roles made permanent after interim positions since February 2026, with stock prices remaining relatively unchanged at the time of the announcement.
- Westamerica Stock Buyback Plan: Westamerica Bancorporation's board approved a 2 million share increase to its stock repurchase authorization, leaving 2.79 million shares available under the expanded plan, representing about 11.8% of outstanding shares as of March 31, 2026, although shares slipped 0.3% in after-hours trading.
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Westamerica Bancorporation Declares Quarterly Cash Dividend
- Dividend Increase: Westamerica Bancorporation's Board of Directors has declared a quarterly cash dividend of $0.48 per share, reflecting a two-cent increase from the previous quarter, which underscores the company's reliable earnings and financial strength.
- Net Income Report: For the three months ending March 31, 2026, Westamerica reported a net income of $27.4 million, translating to a diluted earnings per share of $1.13, indicating robust performance in the banking sector.
- Shareholder Return Strategy: The dividend is set to be paid on May 15, 2026, to shareholders of record as of May 4, 2026, aimed at enhancing investor confidence and attracting potential investors to the stock.
- Commitment to Risk Management: Chairman and CEO David Payne noted that the increase in dividends reflects Westamerica's conservative risk profile, which is crucial for navigating potential market fluctuations in the future.
See More
WESTAMERICA BANCORPORATION RAISES CASH DIVIDEND FOR THE QUARTER
- Company Announcement: Westamerica Bancorporation has announced an increase in its quarterly cash dividend.
- Dividend Details: The new dividend reflects the company's ongoing commitment to returning value to its shareholders.
See More
Westamerica Reports Q1 2026 Financial Results
- Earnings Performance: Westamerica reported a GAAP EPS of $1.13 for Q1 2026, indicating stable profitability despite market fluctuations, which is crucial for investor confidence.
- Revenue Insights: The company generated $62.2 million in revenue for the first quarter, demonstrating resilience in its business operations and sustained market demand amidst economic challenges.
- Tax Expense Changes: The income tax provision for Q1 2026 was $9.3 million, down from $10.3 million in Q4 2025, reflecting effective tax management strategies that could enhance net income.
- Tax Adjustment Impact: The Q4 2025 tax provision included a $628,000 adjustment to reconcile the 2024 tax provision with filed returns, highlighting the complexities of tax compliance and its implications for financial reporting.
See More
Westamerica Bancorporation Reports $27.4 Million Net Income for Q1 2026
- Net Income Performance: Westamerica Bancorporation reported a net income of $27.4 million for Q1 2026, with diluted earnings per share (EPS) of $1.13, slightly down from $27.8 million and $1.12 in Q4 2025, indicating stability in cost control and profitability.
- Credit Loss Provision Reversal: The reversal of provision for credit losses amounted to $300,000 in Q1, boosting EPS by $0.01, which reflects positive progress in credit quality management, although the total allowance for credit losses remains at $11.2 million.
- Decline in Noninterest Income: Noninterest income for Q1 totaled $9.6 million, down 6.9% from $10.0 million in Q4 2025, primarily impacted by a decrease in debit card fees and unrealized securities losses, highlighting challenges in the market environment.
- Shareholder Returns: The company paid a dividend of $0.46 per share in Q1 and repurchased 997,000 shares through its buyback program, demonstrating a commitment to shareholder returns while enhancing EPS performance.
See More
Westamerica Bancorporation Increases Stock Buyback Authorization
- Buyback Plan Expansion: Westamerica Bancorporation's board approved a 2 million share increase to its stock repurchase authorization, bringing the total available shares for buyback to 2.79 million, which represents approximately 11.8% of outstanding shares as of March 31, 2026, aimed at enhancing shareholder value and boosting market confidence.
- Flexible Repurchase Methods: The buyback plan allows for share repurchases through open-market or private transactions until December 31, 2026, demonstrating the company's flexibility and foresight in capital management, intending to strategically allocate capital by seizing market opportunities.
- Commitment to Shareholder Returns: By increasing the number of shares for repurchase, Westamerica signals confidence in its future profitability, with expectations that this move will enhance earnings per share, thereby attracting more investor interest and strengthening the company's competitive position in the financial market.
- Market Reaction Expectations: The implementation of the buyback plan is likely to have a positive impact on Westamerica's stock price, especially in the current economic environment where share repurchases are viewed as a recognition of the company's value and an enhancement of investor confidence.
See More
Mixed Wall Street Close with S&P 500 and Nasdaq at Record Highs
- S&P 500 Record Close: The S&P 500 index rose by 0.8% to close at 7,165.08 points, marking an all-time high, reflecting investor optimism regarding the extended truce between Israel and Lebanon amid ongoing Middle Eastern developments.
- Nasdaq's Strong Performance: The Nasdaq Composite surged by 1.6%, also achieving a record close at 24,836.60 points, indicating robust performance in tech stocks and further bolstering market sentiment.
- Lee Enterprises Executive Appointments: Lee Enterprises appointed Nathan Bekke as CEO and Josh Rinehults as CFO, both roles made permanent after interim positions since February 2026, with stock prices remaining relatively unchanged at the time of the announcement.
- Westamerica Stock Buyback Plan: Westamerica Bancorporation's board approved a 2 million share increase to its stock repurchase authorization, leaving 2.79 million shares available under the expanded plan, representing about 11.8% of outstanding shares as of March 31, 2026, although shares slipped 0.3% in after-hours trading.
See More
Westamerica Bancorporation Declares Quarterly Cash Dividend
- Dividend Increase: Westamerica Bancorporation's Board of Directors has declared a quarterly cash dividend of $0.48 per share, reflecting a two-cent increase from the previous quarter, which underscores the company's reliable earnings and financial strength.
- Net Income Report: For the three months ending March 31, 2026, Westamerica reported a net income of $27.4 million, translating to a diluted earnings per share of $1.13, indicating robust performance in the banking sector.
- Shareholder Return Strategy: The dividend is set to be paid on May 15, 2026, to shareholders of record as of May 4, 2026, aimed at enhancing investor confidence and attracting potential investors to the stock.
- Commitment to Risk Management: Chairman and CEO David Payne noted that the increase in dividends reflects Westamerica's conservative risk profile, which is crucial for navigating potential market fluctuations in the future.
See More
WESTAMERICA BANCORPORATION RAISES CASH DIVIDEND FOR THE QUARTER
- Company Announcement: Westamerica Bancorporation has announced an increase in its quarterly cash dividend.
- Dividend Details: The new dividend reflects the company's ongoing commitment to returning value to its shareholders.
See More
Westamerica Reports Q1 2026 Financial Results
- Earnings Performance: Westamerica reported a GAAP EPS of $1.13 for Q1 2026, indicating stable profitability despite market fluctuations, which is crucial for investor confidence.
- Revenue Insights: The company generated $62.2 million in revenue for the first quarter, demonstrating resilience in its business operations and sustained market demand amidst economic challenges.
- Tax Expense Changes: The income tax provision for Q1 2026 was $9.3 million, down from $10.3 million in Q4 2025, reflecting effective tax management strategies that could enhance net income.
- Tax Adjustment Impact: The Q4 2025 tax provision included a $628,000 adjustment to reconcile the 2024 tax provision with filed returns, highlighting the complexities of tax compliance and its implications for financial reporting.
See More
Westamerica Bancorporation Reports $27.4 Million Net Income for Q1 2026
- Net Income Performance: Westamerica Bancorporation reported a net income of $27.4 million for Q1 2026, with diluted earnings per share (EPS) of $1.13, slightly down from $27.8 million and $1.12 in Q4 2025, indicating stability in cost control and profitability.
- Credit Loss Provision Reversal: The reversal of provision for credit losses amounted to $300,000 in Q1, boosting EPS by $0.01, which reflects positive progress in credit quality management, although the total allowance for credit losses remains at $11.2 million.
- Decline in Noninterest Income: Noninterest income for Q1 totaled $9.6 million, down 6.9% from $10.0 million in Q4 2025, primarily impacted by a decrease in debit card fees and unrealized securities losses, highlighting challenges in the market environment.
- Shareholder Returns: The company paid a dividend of $0.46 per share in Q1 and repurchased 997,000 shares through its buyback program, demonstrating a commitment to shareholder returns while enhancing EPS performance.
See More
