Westamerica Bancorporation Declares Quarterly Cash Dividend
Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.44 per share on common stock. The dividend will be payable on August 16, 2024, to shareholders of record as of August 5, 2024. CEO David Payne highlighted the company's reliable earnings, financial strength, and conservative risk profile. In its recent financial report, Westamerica announced net income of $35.5 million for Q2 2024, translating to $1.33 diluted earnings per share. Westamerica Bank, the company's subsidiary, operates banking and trust offices throughout Northern and Central California.
Westamerica Bancorporation (NASDAQ: WABC) ha dichiarato un dividendo in contante trimestrale di $0.44 per azione sulle azioni ordinarie. Il dividendo sarà pagabile il 16 agosto 2024, agli azionisti registrati entro il 5 agosto 2024. Il CEO David Payne ha sottolineato gli utili affidabili dell'azienda, la solidità finanziaria e un profilo di rischio conservativo. Nel suo recente rapporto finanziario, Westamerica ha annunciato un reddito netto di $35.5 milioni per il secondo trimestre del 2024, corrispondente a $1.33 di utili per azione diluiti. Westamerica Bank, la controllata dell'azienda, gestisce uffici bancari e fiduciari in tutto il Nord e Centro California.
Westamerica Bancorporation (NASDAQ: WABC) ha declarado un dividendo en efectivo trimestral de $0.44 por acción de acciones comunes. El dividendo se pagará el 16 de agosto de 2024, a los accionistas registrados hasta el 5 de agosto de 2024. El CEO David Payne destacó los ingresos confiables de la empresa, la solidez financiera y un perfil de riesgo conservador. En su reciente informe financiero, Westamerica anunció un ingreso neto de $35.5 millones para el segundo trimestre de 2024, lo que se traduce en $1.33 de ganancias por acción diluidas. Westamerica Bank, la subsidiaria de la empresa, opera oficinas bancarias y fiduciarias en todo el norte y centro de California.
웨스트아메리카 뱅코퍼레이션(NASDAQ: WABC)은 보통주에 대해 주당 $0.44의 분기 현금 배당금을 선언했습니다. 이 배당금은 2024년 8월 16일에 지급되며, 2024년 8월 5일 기준으로 주주들에게 지급됩니다. CEO 데이비드 페인은 회사의 신뢰할 수 있는 수익, 재무 건전성, 보수적 위험 프로필을 강조했습니다. 최근 재무 보고서에서 웨스트아메리카는 2024년 2분기 순이익 $35.5 백만 달러를 발표했으며, 이는 주당 희석 이익이 $1.33에 해당합니다. 회사의 자회사인 웨스트아메리카 뱅크는 북부 및 중앙 캘리포니아 전역에서 은행 및 신탁 사무소를 운영합니다.
Westamerica Bancorporation (NASDAQ: WABC) a déclaré un dividende en espèces trimestriel de 0,44 $ par action sur les actions ordinaires. Le dividende sera payable le 16 août 2024, aux actionnaires enregistrés au 5 août 2024. Le PDG David Payne a souligné les résultats fiables de l'entreprise, sa solidité financière et son profil de risque conservateur. Dans son récent rapport financier, Westamerica a annoncé un revenu net de 35,5 millions de dollars pour le deuxième trimestre 2024, ce qui correspond à 1,33 $ de bénéfice par action dilué. Westamerica Bank, la filiale de l'entreprise, gère des bureaux bancaires et fiduciaires dans tout le nord et le centre de la Californie.
Westamerica Bancorporation (NASDAQ: WABC) hat eine vierteljährliche Bardividende von $0.44 pro Aktie auf Stammaktien erklärt. Die Dividende wird am 16. August 2024 an die Aktionäre ausgezahlt, die bis zum 5. August 2024 eingetragen sind. CEO David Payne hob die verlässlichen Erträge des Unternehmens, die finanzielle Stärke und das konservative Risikoprofil hervor. In ihrem kürzlichen Finanzbericht gab Westamerica ein Nettoeinkommen von $35.5 Millionen für das 2. Quartal 2024 bekannt, was einem von $1.33 verwässerten Gewinn pro Aktie entspricht. Die Tochtergesellschaft Westamerica Bank betreibt Banken und Treuhandbüros in ganz Nord- und Mittelkalifornien.
- Declared quarterly cash dividend of $0.44 per share
- Reported net income of $35.5 million for Q2 2024
- Achieved $1.33 diluted earnings per common share in Q2 2024
- CEO cites reliable earnings stream and financial strength
- None.
SAN RAFAEL, Calif., July 25, 2024 (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 July 18, 2024, 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 March 31, 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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