Westamerica Bancorporation Increases Quarterly Cash Dividend
27 Julio 2023 - 11:34AM
The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC)
today declared a quarterly cash dividend of $0.44 per share on
common stock outstanding to shareholders of record at the close of
business August 7, 2023. The dividend is payable August 18, 2023.
Chairman, President and CEO David Payne stated,
“This increase in the quarterly dividend recognizes Westamerica’s
reliable earnings stream, financial strength and conservative risk
profile.”
On July 20, 2023, Westamerica reported $40.2
million in net income for the three months ended June 30, 2023, or
$1.51 diluted earnings per common share.
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 Avenue, San
Rafael, CA 94901Robert A. Thorson – SVP & Chief Financial
Officer707-863-6840investments@westamerica.com
FORWARD-LOOKING INFORMATION:
The following appears in accordance with the
Private Securities Litigation Reform Act of 1995:
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
"believe," "expect," "anticipate," "intend," "plan," "estimate," or
words of similar meaning, or future or conditional verbs such as
"will," "would," "should," "could," or "may."
Forward-looking statements, by their nature, are
subject to risks and uncertainties. A number of factors — many of
which are beyond the Company's control — could cause actual
conditions, events or results to differ significantly from those
described in the forward-looking statements. The Company's most
recent reports filed with the Securities and Exchange Commission,
including the annual report for the year ended December 31, 2022
filed on Form 10-K and quarterly report for the quarter ended March
31, 2023 filed on Form 10-Q, describe some of these factors,
including certain credit, interest rate, operational, liquidity and
market risks associated with the Company's 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 2010, the Sarbanes-Oxley Act of 2002 and the
Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.
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.
Westamerica Bancorporation (NASDAQ:WABC)
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