Westamerica Bancorporation Increases Quarterly Cash Dividend
Westamerica Bancorporation (NASDAQ: WABC) has announced an increase in its quarterly cash dividend to $0.46 per share, representing a two-cent increase from the previous quarter. The dividend will be payable on May 16, 2025, to shareholders of record as of May 5, 2025.
The company reported strong financial performance with net income of $31.0 million for Q1 2025, translating to $1.16 diluted earnings per common share. CEO David Payne highlighted that this dividend increase reflects the company's reliable earnings stream, financial strength, and conservative risk profile.
Westamerica Bank, the company's wholly owned subsidiary, operates banking and trust offices throughout Northern and Central California.
Westamerica Bancorporation (NASDAQ: WABC) ha annunciato un aumento del dividendo trimestrale in contanti a 0,46 $ per azione, con un incremento di due centesimi rispetto al trimestre precedente. Il dividendo sarà pagabile il 16 maggio 2025 agli azionisti registrati al 5 maggio 2025.
L'azienda ha riportato solide performance finanziarie con un utile netto di 31,0 milioni di dollari nel primo trimestre del 2025, pari a 1,16 $ di utile diluito per azione ordinaria. Il CEO David Payne ha sottolineato che questo aumento del dividendo riflette la costante redditività dell'azienda, la sua solidità finanziaria e un profilo di rischio prudente.
Westamerica Bank, la controllata interamente posseduta dalla società, gestisce filiali bancarie e uffici fiduciari in tutta la California settentrionale e centrale.
Westamerica Bancorporation (NASDAQ: WABC) ha anunciado un aumento en su dividendo trimestral en efectivo a 0,46 $ por acción, lo que representa un incremento de dos centavos respecto al trimestre anterior. El dividendo se pagará el 16 de mayo de 2025 a los accionistas registrados al 5 de mayo de 2025.
La compañía reportó un sólido desempeño financiero con un ingreso neto de 31,0 millones de dólares en el primer trimestre de 2025, equivalente a 1,16 $ de ganancias diluidas por acción común. El CEO David Payne destacó que este aumento del dividendo refleja el flujo confiable de ganancias de la empresa, su fortaleza financiera y un perfil de riesgo conservador.
Westamerica Bank, la subsidiaria de propiedad total de la empresa, opera oficinas bancarias y fiduciarias en el norte y centro de California.
Westamerica Bancorporation (NASDAQ: WABC)는 분기별 현금 배당금을 주당 0.46달러로 인상한다고 발표했으며, 이는 이전 분기보다 2센트 증가한 금액입니다. 배당금은 2025년 5월 16일에 2025년 5월 5일 기준 주주에게 지급됩니다.
회사는 2025년 1분기에 3,100만 달러의 순이익을 기록했으며, 이는 희석 주당순이익 1.16달러에 해당합니다. CEO 데이비드 페인은 이번 배당금 인상이 회사의 안정적인 수익 흐름, 재무 건전성 및 보수적인 위험 프로필을 반영한다고 강조했습니다.
Westamerica Bank는 회사의 전액 출자 자회사로서 북부 및 중부 캘리포니아 전역에서 은행 및 신탁 업무를 운영하고 있습니다.
Westamerica Bancorporation (NASDAQ : WABC) a annoncé une augmentation de son dividende trimestriel en espèces à 0,46 $ par action, soit une hausse de deux cents par rapport au trimestre précédent. Le dividende sera versé le 16 mai 2025 aux actionnaires inscrits au registre au 5 mai 2025.
La société a enregistré de solides performances financières avec un revenu net de 31,0 millions de dollars pour le premier trimestre 2025, ce qui correspond à 1,16 $ de bénéfice dilué par action ordinaire. Le PDG David Payne a souligné que cette augmentation du dividende reflète la stabilité des revenus de l'entreprise, sa solidité financière et son profil de risque conservateur.
Westamerica Bank, filiale en propriété exclusive de la société, exploite des agences bancaires et des bureaux de fiducie dans le nord et le centre de la Californie.
Westamerica Bancorporation (NASDAQ: WABC) hat eine Erhöhung seiner vierteljährlichen Bardividende auf 0,46 $ pro Aktie angekündigt, was eine Steigerung um zwei Cent gegenüber dem Vorquartal darstellt. Die Dividende wird am 16. Mai 2025 an die zum 5. Mai 2025 eingetragenen Aktionäre ausgezahlt.
Das Unternehmen meldete eine starke finanzielle Leistung mit einem Nettoeinkommen von 31,0 Millionen US-Dollar für das erste Quartal 2025, was einem verwässerten Gewinn von 1,16 $ je Stammaktie entspricht. CEO David Payne betonte, dass diese Dividendenerhöhung den verlässlichen Ertragsstrom, die finanzielle Stärke und das konservative Risikoprofil des Unternehmens widerspiegelt.
Westamerica Bank, die hundertprozentige Tochtergesellschaft des Unternehmens, betreibt Bank- und Treuhandstellen in Nord- und Zentral-Kalifornien.
- Quarterly dividend increased by $0.02 to $0.46 per share
- Strong Q1 2025 net income of $31.0 million
- Solid diluted EPS of $1.16 per share
- Company demonstrates financial strength and reliable earnings
- None.
SAN RAFAEL, Calif., April 24, 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 increase in the quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile.”
On April 17, 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 – Investor Relations Contact 707-863-6090 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, 2024 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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