Westamerica approves plan to repurchase up to 2M in shares

The board of directors of Westamerica (WABC) Bancorporation, parent of Westamerica Bank, approved a plan to repurchase, as conditions warrant, up to 2M shares of the company’s common stock on the open market or in privately negotiated transactions prior to March 31, 2026. The repurchase plan represents approximately 7.5% of the company’s common stock outstanding as of December 31, 2024. Chairman, President and CEO David Payne stated, “This stock repurchase plan recognizes Westamerica’s financial strength, conservative risk profile and reliable earnings stream.”