Westamerica Bancorporation Raises Quarterly Dividend 4.3% to $0.48 Per Share
Westamerica Bancorporation, a Northern and Central California bank holding company, increased its quarterly cash dividend to $0.48 per share, up two cents from the prior quarter. The bank cited its reliable earnings stream and financial strength as drivers of the increase.
Westamerica Bancorporation (NASDAQ: WABC), a San Rafael-based bank holding company operating throughout Northern and Central California, declared a quarterly cash dividend of $0.48 per share, representing a 4.3% increase from the previous quarter's $0.46 per share. The dividend is payable to shareholders of record as of May 4, 2026. Read more dividend announcements.
Chairman, President and CEO David Payne said the increase reflects the company's reliable earnings stream, financial strength and conservative risk profile. The bank operates through its wholly owned subsidiary, Westamerica Bank, which maintains banking and trust offices across the region.
Dividend Payment Details
| Dividend Amount | Record Date | Payment Date | Previous Amount |
|---|---|---|---|
| $0.48 per share | May 4, 2026 | May 15, 2026 | $0.46 per share |
Recent Financial Performance
The bank reported net income of $27.4 million for the three months ended March 31, 2026, or $1.13 in diluted earnings per common share. The earnings report was released on April 16, 2026.
The two-cent increase marks a continuation of the company's dividend distribution policy. Westamerica operates banking and trust offices throughout Northern and Central California, serving customers through its network of branches in the region.