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Westamerica Bancorporation Declares Quarterly Cash Dividend

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Westamerica Bancorporation (WABC) declares a quarterly cash dividend of $0.44 per share on common stock outstanding. The dividend is payable on May 17, 2024. Chairman, President, and CEO David Payne emphasizes the company's reliable earnings stream and financial strength. Westamerica reported $36.4 million in net income for the three months ended March 31, 2024, with $1.37 diluted earnings per common share.
Westamerica Bancorporation (WABC) ha dichiarato un dividendo in contanti trimestrale di $0,44 per azione sul capitale ordinario in circolazione. Il dividendo sarà pagabile il 17 maggio 2024. Il Presidente, Amministratore Delegato e CEO David Payne ha sottolineato la solidità finanziaria e la costanza nei profitti dell'azienda. Westamerica ha registrato un utile netto di $36,4 milioni per i tre mesi conclusi il 31 marzo 2024, con un utile diluito per azione ordinaria di $1,37.
Westamerica Bancorporation (WABC) ha declarado un dividendo en efectivo trimestral de $0,44 por acción sobre el capital ordinario en circulación. El dividendo se pagará el 17 de mayo de 2024. El presidente, director general y CEO David Payne destacó la constante fuente de ingresos y la fortaleza financiera de la compañía. Westamerica informó de un ingreso neto de $36,4 millones para los tres meses finalizados el 31 de marzo de 2024, con ganancias diluidas por acción ordinaria de $1,37.
웨스트아메리카 밴코퍼레이션(WABC)은 보통주에 대하여 분기별 현금 배당금 0.44달러를 선언했습니다. 이 배당금은 2024년 5월 17일에 지급됩니다. 회장이자 사장 겸 CEO인 데이비드 페인은 회사의 안정적인 수익 흐름과 재무적 강점을 강조했습니다. 웨스트아메리카는 2024년 3월 31일로 끝나는 3개월간 순이익이 3640만 달러이며, 보통주당 희석 이익은 1.37달러를 보고했습니다.
Westamerica Bancorporation (WABC) a déclaré un dividende trimestriel en espèces de 0,44 $ par action ordinaire en circulation. Le dividende sera payable le 17 mai 2024. Le président, le PDG et le directeur général David Payne a souligné la source de revenus fiable de la société et sa solidité financière. Westamerica a rapporté un bénéfice net de 36,4 millions de dollars pour les trois mois se terminant le 31 mars 2024, avec un bénéfice dilué par action ordinaire de 1,37 $.
Westamerica Bancorporation (WABC) hat eine vierteljährliche Bardividende von 0,44 $ pro ausgegebener Aktie des Stammkapitals erklärt. Die Dividende wird am 17. Mai 2024 zahlbar sein. Der Vorsitzende, Präsident und CEO David Payne betonte den verlässlichen Ertragsstrom und die finanzielle Stärke des Unternehmens. Westamerica verzeichnete einen Nettogewinn von 36,4 Millionen $ für die drei Monate bis zum 31. März 2024, mit einem verwässerten Ergebnis pro Stammaktie von 1,37 $.
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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 subsidiary, Westamerica Bank, operates banking and trust offices throughout Northern and Central California.

Westamerica Bancorporation Web Address: www.westamerica.com

For additional information contact:
Westamerica Bancorporation
1108 Fifth Avenue, San Rafael, CA 94901
Robert A. Thorson – SVP & Chief Financial Officer
707-863-6840
investments@westamerica.com

FORWARD-LOOKING INFORMATION:

The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may."

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company's control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company's most recent reports filed with the Securities and Exchange Commission, including the annual report for the year ended December 31, 2023 filed on Form 10-K and quarterly report for the quarter ended September 30, 2023 filed on Form 10-Q, describe some of these factors, including certain credit, interest rate, operational, liquidity and market risks associated with the Company's business and operations. Other factors described in these reports include changes in business and economic conditions, competition, fiscal and monetary policies, disintermediation, cyber security risks, legislation including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.

Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.


FAQ

What dividend did Westamerica Bancorporation declare?

Westamerica Bancorporation declared a quarterly cash dividend of $0.44 per share on common stock outstanding.

When is the dividend payable?

The dividend is payable on May 17, 2024.

Who is the Chairman, President, and CEO of Westamerica Bancorporation?

David Payne is the Chairman, President, and CEO of Westamerica Bancorporation.

What was Westamerica's net income for the three months ended March 31, 2024?

Westamerica reported $36.4 million in net income for the three months ended March 31, 2024.

What was Westamerica's diluted earnings per common share for the three months ended March 31, 2024?

Westamerica reported $1.37 diluted earnings per common share for the three months ended March 31, 2024.

Westamerica Bancorporation

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