Every material Form 8-K Westamerica Bank has filed with the SEC since April 18, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Westamerica Bancorporation's board declared a quarterly cash dividend of $0.48 per share, with shareholders of record at the close of business on November 2, 2026. The company previously reported third-quarter net income of $28.2 million, or $1.22 per diluted share, for the three months ended September 30, 2026, and the dividend is payable to holders on November 13, 2026.
Quarterly cash dividend of $0.48 per common share declared October 22, 2026
Record date is November 2, 2026; payment date is November 13, 2026
Prior results: $28.2 million net income and $1.22 diluted EPS for the quarter ended September 30, 2026, reported October 15, 2026
Westamerica Bancorporation reported third quarter 2026 net income of $28.2 million, or $1.22 per diluted share, up from $27.4 million and $1.17 in the second quarter. Compared with the third quarter of 2025, net income was down 0.4% while EPS rose 8.9%, reflecting a smaller share count after buybacks.
Q3 2026 net income $28.2 million versus $27.4 million in Q2 2026; diluted EPS $1.22 versus $1.17
Net interest margin (FTE) 3.81%, up 4 basis points from Q2 2026; no provision for credit losses recognized
Noninterest income $10.7 million, up from $10.3 million in Q2, partly due to a one-time termination fee
Company retired 51 thousand common shares and paid a $0.48 per share dividend in the quarter
Westamerica Bancorporation reported second quarter 2026 net income of $27.4 million, or $1.17 per diluted share, compared with $29.1 million and $1.12 per share in the second quarter of 2025. Net income fell year over year, but per-share earnings rose because the average diluted share count dropped 9.9% to 23.3 million, reflecting share repurchases; net income was flat with the first quarter of 2026.
Q2 2026 net income $27.4 million, down 5.8% from $29.1 million in Q2 2025; flat with Q1 2026 at $27.4 million
Diluted EPS $1.17, up from $1.12 in Q2 2025 and $1.13 in Q1 2026
Net interest income (FTE) $52.7 million, down 3.5% year over year; noninterest income $10.3 million, down 0.2%
Company retired 753 thousand common shares and paid a $0.48 per share dividend in Q2 2026
Westamerica Bancorporation reported first quarter 2026 net income of $27.4 million and diluted EPS of $1.13, down from $31.0 million and $1.16 in the first quarter of 2025, but up slightly in EPS from $1.12 in the fourth quarter of 2025. Net interest income fell 6.6% year over year, and total revenue (FTE) fell 6.6% as well, so the year-over-year profit decline reflects weaker revenue.
Q1 2026 net income was $27.4 million, down 11.9% from $31.0 million in Q1 2025 and down from $27.8 million in Q4 2025.
Diluted EPS was $1.13, versus $1.16 in Q1 2025 and $1.12 in Q4 2025.
Net interest and loan fee income (FTE) was $52.7 million, down 6.6% from $56.4 million a year earlier.
The company paid a $0.46 per share dividend in Q1 2026 and retired 997 thousand shares under its repurchase plan, per the press release.
Westamerica Bancorporation's board appointed Carter Welch as an independent member of the Board of Directors on January 22, 2026, effective February 26, 2026. The filing says Mr. Welch has more than 25 years of experience in marketing and business strategy. This is a board addition rather than a financial result, so the filing gives no direct figures on the company's performance.
Board appointed Carter Welch on January 22, 2026
Appointment effective February 26, 2026, serving until a successor is nominated, qualified and elected
Welch has more than 25 years of experience in marketing and business strategy
Westamerica Bancorporation reported fourth quarter 2025 net income of $27.8 million, or $1.12 per diluted share, down from $31.7 million, or $1.19 per share, a year earlier. Results were flat with the third quarter on EPS, which was also $1.12, and included a $0.02 per-share reduction from a tax provision true-up for 2024. For full-year 2025, net income was $116.2 million, or $4.52 per share, down 16.2% and 13.1% respectively from 2024.
Q4 2025 net income $27.8 million, down 12.3% from $31.7 million in Q4 2024; diluted EPS $1.12 versus $1.19
Full-year 2025 net income $116.2 million, down 16.2%; diluted EPS $4.52 versus $5.20
Net interest income (FTE) $53.5 million, down 9.6% year over year; noninterest income $10.0 million
Company paid a $0.46 per-share dividend and retired 485 thousand common shares in Q4 2025
Westamerica Bancorporation reported third quarter 2025 net income of $28.3 million and diluted EPS of $1.12, down from $35.1 million and $1.31 a year earlier, though flat on EPS and little changed on net income from the second quarter's $29.1 million. Net interest income fell 13.8% year over year to $53.8 million, and the company recorded no provision for credit losses, while it paid a $0.46 dividend and retired 488 thousand shares.
Third quarter 2025 net income was $28.3 million, down 19.4% from $35.1 million in the third quarter of 2024.
Diluted EPS was $1.12, compared with $1.31 a year earlier and $1.12 in the second quarter of 2025.
Net interest income on an FTE basis was $53.8 million, down from $62.5 million a year earlier.
For the nine months ended September 30, 2025, net income was $88.4 million, down 17.4% from $106.9 million.
Westamerica Bancorporation said director E. Joseph Bowler notified the company on August 11, 2025, that he will retire from its Board of Directors effective September 25, 2025. The filing states he did not disagree with the company on any matter relating to its operations, policies or practices, and it does not name a successor.
E. Joseph Bowler notified the company of his retirement on August 11, 2025, effective September 25, 2025
Bowler served on the board since 2003 and on the Audit, Loan and Investment, and Nominating committees
Filing states Bowler reported no disagreement with the company on operations, policies or practices
Westamerica Bancorporation reported second quarter 2025 net income of $29.1 million, or $1.12 per diluted share, down from $35.5 million and $1.33 a year earlier, and down from $31.0 million and $1.16 in the first quarter. Net interest income fell 14.9% year over year, and the company recorded no provision for credit losses in the quarter. For shareholders, the results show lower earnings year over year, while the company paid a $0.46 per share dividend and retired 773 thousand shares.
Net income of $29.1 million versus $35.5 million in Q2 2024 (down 18.0%) and $31.0 million in Q1 2025
Diluted EPS of $1.12 versus $1.33 in Q2 2024 (down 15.8%) and $1.16 in Q1 2025
Net interest income (FTE) of $54.6 million, down 14.9% from $64.1 million a year earlier; no provision for credit losses in Q2 2025 versus a $550 thousand reversal in Q1 2025
Dividend of $0.46 per share paid and 773 thousand common shares retired in Q2 2025; annualized return on common equity of 11.2%
Westamerica Bancorporation reported first quarter 2025 net income of $31.0 million and diluted earnings per share of $1.16, down from $36.4 million and $1.37 a year earlier, and slightly below the $31.7 million and $1.19 of the fourth quarter 2024. Net interest income fell 14.7% year over year, and a $550 thousand reversal of credit loss provision added $0.01 to EPS, so the lower earnings reflect weaker core interest income.
Net income $31.0 million versus $36.4 million in Q1 2024 (down 14.8%); diluted EPS $1.16 versus $1.37 (down 15.3%).
Net interest income (FTE) $56.4 million versus $66.1 million in Q1 2024 (down 14.7%).
A $550 thousand reversal of provision for credit losses added $0.01 to EPS.
Dividend of $0.44 per common share paid in the quarter, unchanged from a year earlier; return on common equity 11.9%.
Westamerica Bancorporation said Senior Vice President and Treasurer John “Robert” A. Thorson will retire effective January 24, 2025, after more than 35 years of service. The company named John Sousa to succeed him as Senior Vice President and Treasurer effective January 27, 2025. The change is an internal management succession that the filing does not tie to any financial result.
Robert Thorson retires as Senior Vice President and Treasurer effective January 24, 2025, after over 35 years of service
John Sousa appointed Senior Vice President and Treasurer effective January 27, 2025
Sousa joined the company in July 2024 as Vice President and Assistant Treasurer
Before joining, Sousa spent over thirteen years at Bank of the West handling investment portfolio management, wholesale funding and derivatives execution
Westamerica Bancorporation reported fourth quarter 2024 net income of $31.7 million, or $1.19 per diluted share, down from $39.5 million, or $1.48 per share, a year earlier. The decline reflected lower net interest income, which fell 15.0% year over year, and results were also lower than the $35.1 million net income reported for the third quarter of 2024. The company paid a $0.44 per common share dividend in the quarter.
Q4 2024 net income was $31.7 million, down 19.7% from $39.5 million in Q4 2023 and down from $35.1 million in Q3 2024.
Diluted EPS was $1.19, compared with $1.48 in Q4 2023 and $1.31 in Q3 2024; a tax provision adjustment reduced EPS by $0.01.
Net interest income on an FTE basis was $59.2 million, down 15.0% from $69.7 million a year earlier; net interest margin was 4.01% versus 4.41%.
Full-year 2024 net income was $138.6 million, or $5.20 per diluted share, down 14.3% and 14.2%, respectively, from 2023.
Westamerica Bancorporation reported third quarter 2024 net income of $35.1 million, or $1.31 diluted earnings per share, down from $41.6 million and $1.56 a year earlier and slightly below the second quarter's $35.5 million and $1.33. Net interest income on a fully taxable equivalent basis fell 13.4% year over year to $62.5 million, and the filing shows the cost of funding rose. Shareholders received a $0.44 per share dividend, unchanged from a year earlier.
Net income of $35.1 million and diluted EPS of $1.31, versus $41.6 million and $1.56 in third quarter 2023
Net interest income (FTE) of $62.5 million, down 13.4% from $72.1 million a year earlier
Gains from life insurance and sales of other assets added $0.04 to EPS; no provision for credit losses was recognized
Dividend of $0.44 per common share paid in the third quarter 2024, unchanged from third quarter 2023
Westamerica Bancorporation reported second quarter 2024 net income of $35.5 million, or $1.33 per diluted share, down from $40.2 million and $1.51 per share in the second quarter of 2023. Results also declined from the first quarter of 2024, when net income was $36.4 million and EPS was $1.37. The company recorded no provision for credit losses and raised its quarterly dividend to $0.44 per share from $0.42 a year earlier.
Net income of $35.5 million versus $40.2 million in Q2 2023, a decline of 11.9%
Diluted EPS of $1.33 versus $1.51 a year earlier and $1.37 in Q1 2024
Net interest income (FTE) of $64.1 million, down 8.8% from $70.3 million in Q2 2023
Dividend of $0.44 per share, up from $0.42 in Q2 2023; annualized return on average common equity of 14.4% versus 18.4%
Westamerica Bancorporation appointed Anela Jonas as Chief Financial Officer effective June 27, 2024, replacing the prior arrangement in which John "Robert" Thorson served in that role. Ms. Jonas has worked in the company's Finance and Administration Division for thirteen years, including as Controller, and the filing states that Mr. Thorson keeps his title of Treasurer and Treasury Division Manager.
Anela Jonas appointed Chief Financial Officer effective June 27, 2024
Jonas is a California licensed certified public accountant (inactive) with thirteen years in the Finance and Administration Division, including as Controller
John "Robert" Thorson retains his responsibilities as Treasurer and Treasury Division Manager, having previously served as CFO from 2005 through 2019 and from March 2023 through June 2024
Westamerica Bancorporation reported first quarter 2024 net income of $36.4 million, or $1.37 per diluted share, down from $40.5 million and $1.51 per share in the first quarter of 2023, and from $39.5 million and $1.48 in the fourth quarter of 2023. Total revenue on a fully taxable equivalent basis fell 4.9% year over year to $76.2 million, as net interest income declined and total deposits fell 11.3%. The results were furnished in an 8-K with the press release attached as Exhibit 99.1.
Net income of $36.4 million, down 10.0% from $40.5 million in Q1 2023 and from $39.5 million in Q4 2023.
Diluted EPS of $1.37, versus $1.51 in Q1 2023 and $1.48 in Q4 2023.
Net interest and fee income (FTE) of $66.1 million, down 5.0% from $69.6 million a year earlier; cost of funds rose to 0.20% from 0.03%.
Return on average common equity was 15.2%, versus 19.1% in Q1 2023; the company paid a $0.44 per share dividend in Q1 2024.
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