Westamerica Bancorporation Declares Quarterly Cash Dividend
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.44 per share on common stock, payable on February 14, 2025, to shareholders of record as of February 3, 2025. The announcement follows the company's recent quarterly performance report, which showed net income of $31.7 million for Q4 2024, translating to $1.19 diluted earnings per share.
CEO David Payne emphasized that this dividend reflects the company's reliable earnings, financial strength, and conservative risk profile. Westamerica operates banking and trust offices throughout Northern and Central California through its subsidiary, Westamerica Bank.
Westamerica Bancorporation (NASDAQ: WABC) ha dichiarato un dividendo in contante trimestrale di 0,44 $ per azione sulle azioni ordinarie, che sarà pagato il 14 febbraio 2025, agli azionisti registrati al 3 febbraio 2025. L'annuncio segue il recente rapporto sulle prestazioni trimestrali dell'azienda, che ha mostrato un utile netto di 31,7 milioni di dollari per il quarto trimestre del 2024, corrispondente a 1,19 $ di utili diluiti per azione.
Il CEO David Payne ha sottolineato che questo dividendo riflette i risultati affidabili dell'azienda, la forza finanziaria e un profilo di rischio conservativo. Westamerica gestisce uffici bancari e fiduciari in tutta la California settentrionale e centrale attraverso la sua filiale, Westamerica Bank.
Westamerica Bancorporation (NASDAQ: WABC) ha declarado un dividendo en efectivo trimestral de $0.44 por acción sobre las acciones ordinarias, que se pagará el 14 de febrero de 2025, a los accionistas registrados hasta el 3 de febrero de 2025. El anuncio sigue al reciente informe de rendimiento trimestral de la compañía, que mostró un ingreso neto de $31.7 millones para el cuarto trimestre de 2024, lo que se traduce en $1.19 de ganancias diluidas por acción.
El CEO David Payne destacó que este dividendo refleja los ingresos fiables de la compañía, su fortaleza financiera y un perfil de riesgo conservador. Westamerica opera oficinas bancarias y fiduciarias en el norte y centro de California a través de su filial, Westamerica Bank.
웨스트아메리카 뱅코포레이션 (NASDAQ: WABC)은 보통주에 대해 주당 0.44달러의 분기 현금 배당금을 발표했으며, 2025년 2월 14일에 2025년 2월 3일 기준 주주에게 지급됩니다. 이 발표는 최근 회사의 분기 성과 보고서에 이어 나온 것으로, 2024년 4분기 동안 3170만 달러의 순이익을 기록했으며, 이는 주당 1.19달러의 희석 주당 이익에 해당합니다.
CEO인 데이비드 페인은 이 배당금이 회사의 안정적인 수익, 재무 건전성 및 보수적인 위험 프로필을 반영한다고 강조했습니다. 웨스트아메리카는 자회사인 웨스트아메리카 뱅크를 통해 북부 및 중앙 캘리포니아 전역에서 은행 및 신탁 사무소를 운영하고 있습니다.
Westamerica Bancorporation (NASDAQ: WABC) a déclaré un dividende en espèces trimestriel de 0,44 $ par action sur les actions ordinaires, payable le 14 février 2025, aux actionnaires inscrits au 3 février 2025. Cette annonce fait suite au récent rapport de performance trimestrielle de l'entreprise, qui a montré un revenu net de 31,7 millions de dollars pour le quatrième trimestre de 2024, ce qui représente 1,19 $ de bénéfice dilué par action.
Le PDG David Payne a souligné que ce dividende reflète les bénéfices fiables de l'entreprise, sa solidité financière et un profil de risque conservateur. Westamerica exploite des bureaux bancaires et de fiducie dans le nord et le centre de la Californie par le biais de sa filiale, Westamerica Bank.
Westamerica Bancorporation (NASDAQ: WABC) hat eine vierteljährliche Bardividende von 0,44 $ pro Aktie auf Stammaktien erklärt, die am 14. Februar 2025 an die Aktionäre gezahlt wird, die am 3. Februar 2025 im Aktienregister stehen. Die Bekanntgabe folgt dem aktuellen Quartalsbericht des Unternehmens, der einen Nettoeinkommen von 31,7 Millionen $ für das 4. Quartal 2024 zeigt, was 1,19 $ verwässerten Gewinn pro Aktie entspricht.
CEO David Payne betonte, dass diese Dividende die verlässlichen Erträge, die finanzielle Stärke und das konservative Risikoprofil des Unternehmens widerspiegelt. Westamerica betreibt Bank- und Treuhandbüros in Nord- und Zentral-Kalifornien über seine Tochtergesellschaft, die Westamerica Bank.
- Q4 2024 net income of $31.7 million
- Strong diluted EPS of $1.19
- Maintaining consistent quarterly dividend of $0.44 per share
- None.
SAN RAFAEL, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of
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
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 & Treasurer
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, 2024 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.
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