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Net interest income on a fully-taxable equivalent basis was $53.5M for the fourth quarter 2025, compared to $53.8M for the third quarter 2025." Westamerica's fourth quarter 2025 results benefited from the Company's valuable low-cost deposit base, of which 46 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.24 percent in the quarter. Operating expenses remained well controlled at 40 percent of total revenues. At December 31, 2025, nonperforming assets were stable at $1.8 million and the allowance for credit losses was $11.6 million" said Chairman, President and CEO David Payne. "Fourth quarter 2025 results generated an annualized 10.8 percent return on average common equity. Westamerica paid a $0.46 per common share dividend during the fourth quarter 2025, and retired 485 thousand common shares using its share repurchase plan. Westamerica's capital ratios remain at levels exceeding the highest regulatory guidelines," concluded Payne.

The board of directors of Westamerica Bancorporation approved a plan to repurchase, as conditions warrant, up to 2M shares of the company's common stock on the open market or in privately negotiated transactions prior to December 31, 2026. The repurchase plan represents approximately 8.0% of the company's common stock outstanding as of September 30, 2025. Chairman, President and CEO David Payne stated, "This stock repurchase plan recognizes Westamerica's financial strength, conservative risk profile and reliable earnings stream."

"Westamerica's third quarter 2025 results benefited from the company's low-cost operating principles. The annualized cost of funding interest-earning loans, bonds and cash was 0.26 percent for the third quarter 2025. The company recognized no provision for credit losses in the third quarter 2025. At September 30, 2025, nonperforming assets were $2.6 million and the allowance for credit losses on loans was $11.9 million. Westamerica operated efficiently, spending 40 percent of its revenue on operating costs in the third quarter 2025. Third quarter 2025 results generated an annualized 10.9 percent return on average common equity. Westamerica paid a $0.46 per common share dividend during the third quarter 2025, and retired 488 thousand common shares using its share repurchase plan. Westamerica's capital ratios remain at historically high levels exceeding the highest regulatory guidelines," said Chairman, President and CEO David Payne.