Westamerica Bancorp. (WABC) Announces 1.75M Share Repurchase
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Westamerica Bancorporation Announces Stock Repurchase Plan
July 22, 2021 4:26 PM EDTSAN RAFAEL, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Westamerica Bancorporations Board of Directors approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Companys common stock on the open market or in privately negotiated transactions prior to September 1, 2022. The repurchase plan represents approximately 6.5 percent of the Companys common stock outstanding as of June 30, 2021.
Chairman, President and CEO David Payne stated, This share repurchase program recognizes Westamericas consistent profitability, healthy capital level, and solid asset quality.
On July 15, 2021, Westamerica reported $22.6 million in net income for the three months ended June 30, 2021 or $0.84 diluted... More
