How many shares did Westamerica retire in Q2 2026 and at what price?

Westamerica retired 753 thousand common shares in the second quarter of 2026 at an average price of $55.14 per share, according to the company's earnings press release. This represented approximately $41.6 million in repurchase value based on the reported figures.

What was the year-to-date share repurchase activity through June 30, 2026?

Through the first half of 2026, Westamerica retired 1,754 thousand shares at an average price of $52.74 per share, compared to 1,134 thousand shares retired in the prior-year period at an average price of $49.88 per share. This reflects a 54% increase in share count retired year-over-year.

What authorization amount or remaining buyback authorization does Westamerica disclose in this filing?

The filing does not disclose the total authorization amount, expiration date, or remaining authorization for the company's share repurchase plan. Only the execution data—actual shares retired and average prices paid—are reported in the earnings press release.

What execution mechanism did Westamerica use for these repurchases?

The filing states only that shares were retired 'using its share repurchase plan' but does not specify whether repurchases were executed via Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, or another mechanism.

How do these repurchases fit into Westamerica's overall capital management strategy?

The bank combined share repurchases with a maintained dividend payout ratio of 41% ($0.48 per share in Q2 2026) and delivered a 11.3% annualized return on average common equity. Both capital return methods reflect disciplined use of excess capital generated by the company's low-cost funding model and stable credit quality.

WABC 8-K Filed 2026-07-16 Execution disclosure

Westamerica Bancorporation retires 753K shares in Q2 2026

Bank repurchased shares at $55.14 average price under existing program during second quarter.

Shares repurchased753K

Avg price paid$55.14

MechanismShare repurchase plan (not spe

What the filing says

Westamerica Bancorporation executed repurchases of 753 thousand common shares at an average price of $55.14 per share during the second quarter of 2026, according to the company's earnings press release filed July 16, 2026. The repurchase was conducted under the company's existing share repurchase plan, though the filing does not disclose the authorization amount, remaining authorization, or the specific execution mechanism (such as Rule 10b-18 open-market purchases or other methods).

For the year-to-date period through June 30, 2026, Westamerica retired 1,754 thousand shares at an average retirement price of $52.74 per share, compared to 1,134 thousand shares retired in the first half of 2025 at an average price of $49.88 per share. The repurchase activity contributed to a 10.1% reduction in common shares outstanding year-over-year, from 25,587 thousand shares at June 30, 2025 to 23,002 thousand shares at June 30, 2026.

The company generated net income of $27.4 million in Q2 2026 (diluted EPS of $1.17) and paid a $0.48 per share dividend during the quarter. Management attributed the share retirements to disciplined capital management while maintaining a common dividend payout ratio of 41% and shareholders' equity of $853.1 million at period end.

Westamerica paid a $0.48 per common share dividend during the second quarter 2026, and retired 753 thousand common shares using its share repurchase plan. — WESTAMERICA BANCORPORATION 8-K filing · View on SEC EDGAR →

What this means

Westamerica's execution of 753 thousand share repurchases in Q2 2026 represents ongoing capital return to shareholders alongside a maintained dividend. The repurchase activity, when combined with year-to-date retirements of 1,754 thousand shares, reflects disciplined use of excess capital. At the reported average retirement price of $55.14 in Q2 (versus $50.94 in Q1), the bank's share repurchases accelerated modestly in price terms, though absolute share counts retired declined sequentially. The 10% year-over-year reduction in share count suggests buybacks are a regular component of Westamerica's capital management strategy, offsetting the dilutive effect of dividend payments and supporting per-share earnings metrics.

Frequently asked questions

How many shares did Westamerica retire in Q2 2026 and at what price?: Westamerica retired 753 thousand common shares in the second quarter of 2026 at an average price of $55.14 per share, according to the company's earnings press release. This represented approximately $41.6 million in repurchase value based on the reported figures.
What was the year-to-date share repurchase activity through June 30, 2026?: Through the first half of 2026, Westamerica retired 1,754 thousand shares at an average price of $52.74 per share, compared to 1,134 thousand shares retired in the prior-year period at an average price of $49.88 per share. This reflects a 54% increase in share count retired year-over-year.
What authorization amount or remaining buyback authorization does Westamerica disclose in this filing?: The filing does not disclose the total authorization amount, expiration date, or remaining authorization for the company's share repurchase plan. Only the execution data—actual shares retired and average prices paid—are reported in the earnings press release.
How did share repurchases affect Westamerica's common share count?: Share repurchases contributed to a 10.1% decline in common shares outstanding year-over-year, from 25,587 thousand shares at June 30, 2025 to 23,002 thousand shares at June 30, 2026. This reduction supported per-share earnings metrics alongside the company's dividend payments.
What execution mechanism did Westamerica use for these repurchases?: The filing states only that shares were retired 'using its share repurchase plan' but does not specify whether repurchases were executed via Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, or another mechanism.
How do these repurchases fit into Westamerica's overall capital management strategy?: The bank combined share repurchases with a maintained dividend payout ratio of 41% ($0.48 per share in Q2 2026) and delivered a 11.3% annualized return on average common equity. Both capital return methods reflect disciplined use of excess capital generated by the company's low-cost funding model and stable credit quality.

execution regional-bank rule-10b-18-or-plan q2-2026 capital-return

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.