{"id":819414,"date":"2025-02-27T14:14:52","date_gmt":"2025-02-27T19:14:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-announces-stock-repurchase-plan-2\/"},"modified":"2025-02-27T14:14:52","modified_gmt":"2025-02-27T19:14:52","slug":"westamerica-bancorporation-announces-stock-repurchase-plan-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-announces-stock-repurchase-plan-2\/","title":{"rendered":"Westamerica Bancorporation Announces Stock Repurchase Plan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN RAFAEL, Calif., Feb.  27, 2025  (GLOBE NEWSWIRE) &#8212; The Board of Directors of Westamerica Bancorporation (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0aS7KMpR8ikWLh52u2gXE5gEAWi4qyM1auF8um9XEzinV981M6qiaZlJBwtrKgwLSmOhilG1CuxA2B804Xj2K5O4vR1hTKg5FsEpZKEl8p-oPq-QgEUF9W4OZDPKz7glZyRfQNN7ZFGTrp6NWMmhhQ==\" rel=\"nofollow\" target=\"_blank\">NASDAQ: WABC<\/a>) today approved a plan to repurchase, as conditions warrant, up to 2,000,000 shares of the Company\u2019s common stock on the open market or in privately negotiated transactions prior to March 31, 2026. The repurchase plan represents approximately 7.5 percent of the Company\u2019s common stock outstanding as of December 31, 2024.<\/p>\n<p>Chairman, President and CEO David Payne stated, \u201cThis stock repurchase plan recognizes Westamerica\u2019s financial strength, conservative risk profile and reliable earnings stream.\u201d<\/p>\n<p>Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking and trust offices throughout Northern and Central California.<\/p>\n<p align=\"center\">\n        <em>Westamerica Bancorporation Web Address: <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=r6ELAtLuV6BJZPkXAsGK8-9S3Q4erXLhe044NAxMMV-ARffuh00fdJLH8QLpz9rLGxSMVebzIdY710zInPSVUG3BtOD8CwpT4w6IXFiQdxk=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em><br \/>\n            <u>www.westamerica.com<\/u><br \/>\n          <\/em><br \/>\n        <\/a>\n      <\/p>\n<p>For additional information contact:<br \/>Westamerica Bancorporation<br \/>1108 Fifth Avenue, San Rafael, CA 94901<br \/>Robert A. Thorson \u2013 Investment Relations Contact, 707-863-6090<br \/>investments@westamerica.com<\/p>\n<p>\n        <u>FORWARD-LOOKING INFORMATION:<\/u>\n      <\/p>\n<p>The following appears in accordance with the Private Securities Litigation Reform Act of 1995:<\/p>\n<p>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 \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cestimate,\u201d or words of similar meaning, or future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d or \u201cmay.\u201d<\/p>\n<p>Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors \u2014 many of which are beyond the Company\u2019s control \u2014 could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company\u2019s 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\u2019s 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 2011, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.<\/p>\n<p>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.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NjI0MiM2NzgxNDIxIzIwMjg3MTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjEyOGEzZjctNTA0ZS00NjNkLWFhZjYtYThlZGFhYzU2ODBmLTEwNDAyMDM=\/tiny\/Westamerica-Bancorporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN RAFAEL, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) &#8212; The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today approved a plan to repurchase, as conditions warrant, up to 2,000,000 shares of the Company\u2019s common stock on the open market or in privately negotiated transactions prior to March 31, 2026. The repurchase plan represents approximately 7.5 percent of the Company\u2019s common stock outstanding as of December 31, 2024. Chairman, President and CEO David Payne stated, \u201cThis stock repurchase plan recognizes Westamerica\u2019s financial strength, conservative risk profile and reliable earnings stream.\u201d 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 Bancorporation1108 Fifth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-announces-stock-repurchase-plan-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Westamerica Bancorporation Announces Stock Repurchase Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-819414","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Westamerica Bancorporation Announces Stock Repurchase Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-announces-stock-repurchase-plan-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westamerica Bancorporation Announces Stock Repurchase Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN RAFAEL, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) &#8212; The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today approved a plan to repurchase, as conditions warrant, up to 2,000,000 shares of the Company\u2019s common stock on the open market or in privately negotiated transactions prior to March 31, 2026. The repurchase plan represents approximately 7.5 percent of the Company\u2019s common stock outstanding as of December 31, 2024. Chairman, President and CEO David Payne stated, \u201cThis stock repurchase plan recognizes Westamerica\u2019s financial strength, conservative risk profile and reliable earnings stream.\u201d Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking and trust offices throughout Northern and Central California. 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