BuybackApr 24, 2026, 03:55 PM
Westamerica Bancorporation Expands Buyback by 2M Shares
AI Summary
Westamerica Bancorporation announced that its Board of Directors approved an increase of 2,000,000 shares to its existing stock repurchase plan authorization. This expansion brings the total shares remaining under the plan to 2,785,023, which constitutes 11.8% of the company's outstanding common stock as of March 31, 2026. The company stated that this increase reflects its financial strength and commitment to managing shareholder capital, with repurchases to occur as conditions warrant prior to December 31, 2026.
Key Highlights
- Board approved an increase of 2,000,000 shares to the repurchase plan.
- Total shares remaining under the expanded plan are 2,785,023.
- This represents 11.8% of common stock outstanding as of March 31, 2026.
- Repurchases may occur on the open market or privately until December 31, 2026.