Westamerica Bancorporation Announces Stock Repurchase Plan

Core Viewpoint - Westamerica Bancorporation's Board of Directors has approved a stock repurchase plan for up to 2,000,000 shares, representing approximately 7.5% of the company's outstanding common stock as of December 31, 2024, to be executed before March 31, 2026 [1][2]. Group 1 - The stock repurchase plan reflects Westamerica's financial strength, conservative risk profile, and reliable earnings stream as stated by Chairman, President, and CEO David Payne [2]. - The repurchase will occur in the open market or through privately negotiated transactions [1]. - Westamerica Bancorporation operates banking and trust offices throughout Northern and Central California through its wholly owned subsidiary, Westamerica Bank [2].