The Board of Directors of Westamerica Bancorporation approved a plan to repurchase up to 2,000,000 shares of the Company's common stock.
The repurchase plan represents approximately 8.0 percent of the Company's common stock outstanding as of September 30, 2025.
Chairman, President and CEO David Payne highlighted the plan as a recognition of Westamerica's financial strength, conservative risk profile, and reliable earnings stream.
Stock Repurchase Plan Approval
The Board approved the repurchase of up to 2,000,000 shares of common stock.
Percentage of Outstanding Stock
The repurchase plan represents around 8.0% of the common stock outstanding as of Sept. 30, 2025.
Focus on Financial Strength
The repurchase plan reflects Westamerica's strong financial position and reliable earnings stream.
- The stock repurchase plan indicates the company's confidence in its future performance and financial stability.
- Investors may interpret the repurchase plan as a positive signal of the company's outlook and value.
Westamerica Bancorporation's stock repurchase plan underscores its commitment to enhancing shareholder value and confidence in its financial standing.