Monitor the upcoming 10-Q for any changes in capital allocation guidance or dividend policy. The modest increase reflects confidence in earnings stability but does not signal improved growth prospects given the company's bearish analyst consensus and lack of revenue growth data.
Price Chart
Executive Summary
Westamerica Bancorporation declared a quarterly cash dividend increase to $0.48 per share, up $0.02 from the prior quarter, citing reliable earnings and financial strength. The dividend is payable May 15, 2026, to shareholders of record as of May 4, 2026.
Key Facts
- Dividend increased to $0.48 per share from $0.46, a $0.02 (4.3%) increase
- Dividend payable May 15, 2026, to shareholders of record as of May 4, 2026
- Company reported $27.4 million in net income ($1.13 diluted EPS) for Q1 2026
- CEO cited reliable earnings stream, financial strength, and conservative risk profile as rationale
Financial Impact
Annualized dividend payout increases by $0.08 per share. Based on 23.7 million shares outstanding (implied from Q1 EPS and net income), this represents an additional $1.9 million in annual dividend expense.
Risk Factors
- Dividend sustainability if net interest margins compress in a changing rate environment
- Limited upside catalyst given lack of earnings growth context and predominantly negative analyst sentiment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-002678 |
| Exhibit: exh_991.htm | 0001171843-26-002678 |
| Document: 0001171843-26-002678-index-headers.html | 0001171843-26-002678 |
| Document: 0001171843-26-002678-index.html | 0001171843-26-002678 |
| Document: 0001171843-26-002678.txt | 0001171843-26-002678 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $61.92 | awaiting T+5 | — | $61.55 (−0.60%) |
Oct 22, 2026 5d ago | Press Release | $61.92 | awaiting T+5 | — | $61.55 (−0.60%) |
Oct 15, 2026 12d ago | 8-K | $60.90 $61.92 | ▲ +1.67% | ▲ +2.69% | $61.55 (+1.07%) |
Oct 15, 2026 12d ago | Press Release | $60.90 $61.92 | ▲ +1.67% | ▲ +2.69% | $61.55 (+1.07%) |
Jul 23, 2026 13w ago | 8-K | $60.31 $59.90 | ▼ −0.68% | ▼ −1.16% | $61.55 (+2.06%) |
Jul 23, 2026 13w ago | Press Release | $60.31 $59.90 | ▼ −0.68% | ▼ −1.16% | $61.55 (+2.06%) |
Jul 16, 2026 14w ago | 8-K | $62.46 $60.31 | ▼ −3.44% | ▼ −1.77% | $61.55 (−1.46%) |
Jul 16, 2026 14w ago | Press Release | $62.46 $60.31 | ▼ −3.44% | ▼ −1.77% | $61.55 (−1.46%) |
Apr 24, 2026 26w ago | 8-K | $54.41 $54.25 | ▼ −0.30% | ▼ −0.70% | $61.55 (+13.12%) |
Apr 24, 2026 26w ago | Press Release | $54.54 $54.82 | ▲ +0.51% | ▼ −0.40% | $61.55 (+12.85%) |
US Market Status
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