Westamerica Bancorporation announced a 2,000,000 share increase to its stock repurchase plan, resulting in 2,785,023 shares currently authorized for buyback through December 31, 2026.
Key takeaways
Board approved an increase of 2,000,000 shares to the stock repurchase plan authorization.
Total shares remaining under the expanded plan are 2,785,023, including 785,023 from prior authorization.
Repurchase authorization represents 11.8 percent of common stock outstanding as of March 31, 2026.
Repurchases may occur on the open market or in privately negotiated transactions prior to December 31, 2026.