Westamerica Bancorp. (WABC) Announces 1.75M Share Repurchase

Westamerica Bancorporation’s (NASDAQ: WABC) Board of Directors approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company’s common stock on the open market or in privately negotiated transactions prior to September 1, 2022. The repurchase plan represents approximately 6.5 percent of the Company’s common stock outstanding as of June 30, 2021.

Chairman, President and CEO David Payne stated, “This share repurchase program recognizes Westamerica’s consistent profitability, healthy capital level, and solid asset quality.”

On July 15, 2021, Westamerica reported $22.6 million in net income for the three months ended June 30, 2021 or $0.84 diluted earnings per common share.

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