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SAN RAFAEL, Calif. - Westamerica Bancorporation (NASDAQ:WABC) announced Thursday a quarterly cash dividend of $0.46 per share on its common stock, representing a 3.94% yield. The dividend will be payable on November 14, 2025, to shareholders of record as of November 3, 2025. The regional bank has maintained dividend payments for 51 consecutive years, with 32 years of consecutive increases, according to InvestingPro data.
The banking company recently reported net income of $28.3 million for the third quarter ended September 30, 2025, equivalent to $1.12 diluted earnings per common share. The $1.18 billion market cap institution maintains a conservative P/E ratio of 10.26 and boasts a "GOOD" financial health score.
"This quarterly dividend recognizes Westamerica’s reliable earnings stream, financial strength and conservative risk profile," said David Payne, Chairman, President and CEO of the company, 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 announcement comes a week after the company released its quarterly financial results on October 16. The dividend declaration maintains the company’s ongoing shareholder return program.
The information in this article is based on a press release statement from Westamerica Bancorporation.
In other recent news, Westamerica Bancorporation reported net income of $29.1 million for the second quarter ending June 30, 2025. This translates to $1.12 diluted earnings per common share. Additionally, the company declared a quarterly cash dividend of $0.46 per share on its common stock, payable on August 15, 2025, to shareholders of record as of August 4, 2025. In another development, E. Joseph Bowler, a long-serving director of Westamerica Bancorporation, announced his intention to retire from the Board effective September 25, 2025. Mr. Bowler has been a board member since 2003 and has held various committee positions. These announcements were made through a press release and filed with the Securities and Exchange Commission.
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