- 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.
Westamerica Bancorporation (WABC, Financial) has announced an increase in its quarterly cash dividend to $0.46 per share, representing a two-cent increase from the previous quarter. This dividend will be payable on May 16, 2025, to shareholders of record as of May 5, 2025.
The company's financial performance remains strong, with a reported net income of $31.0 million for the first quarter of 2025, translating to diluted earnings of $1.16 per common share. According to CEO David Payne, the dividend increase highlights the company's consistent earnings, financial strength, and conservative risk profile.
Westamerica Bank, the wholly owned subsidiary of Westamerica Bancorporation, operates a network of banking and trust offices throughout Northern and Central California, continuing to extend its services across the region.