Bullish indicating open at $55-$60, IPO prices at $37
SAN RAFAEL, Calif. - Westamerica Bancorporation (NASDAQ:WABC) announced Thursday a quarterly cash dividend of $0.46 per share on its common stock, representing a 3.68% yield. The dividend will be payable on August 15, 2025, to shareholders of record as of August 4, 2025. The bank has maintained dividend payments for 51 consecutive years, with 32 straight years of dividend increases, according to InvestingPro data.
The banking company recently reported net income of $29.1 million for the second quarter ended June 30, 2025, equivalent to $1.12 diluted earnings per common share. The $1.27 billion market cap institution trades at a P/E ratio of 10.32, with InvestingPro analysis suggesting the stock is currently undervalued.
"This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile," said David Payne, Chairman, President and CEO of Westamerica Bancorporation, according to the press release.
Westamerica Bancorporation operates banking and trust offices throughout Northern and Central California through its wholly owned subsidiary, Westamerica Bank.
The dividend announcement comes a week after the company released its quarterly financial results on July 17, maintaining its regular dividend payout to shareholders.
This information is based on a company press release statement issued Thursday.
In other recent news, Westamerica Bancorporation reported its second-quarter 2025 financial results, revealing a mixed performance. The company announced net income of $29.1 million, with earnings per share (EPS) reaching $1.12, surpassing analyst expectations of $1.07. However, revenue for the quarter was slightly below projections, coming in at $64.88 million compared to the consensus estimate of $65.8 million. Despite the revenue miss, the earnings beat indicates a stronger-than-anticipated profitability for the period. These developments reflect the latest financial performance of Westamerica Bancorporation. Investors and analysts will likely be considering these results as they assess the company’s future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.