By Katherine Hamilton
Westamerica Bancorp plans to buy back 2 million shares.
The holding company for a California regional bank said Thursday it expects to repurchase the shares before March 31, 2026.
The buyback represents about 7.5% of Westamerica's common stock outstanding as of Dec. 31, it said.
"This stock repurchase plan recognizes Westamerica's financial strength, conservative risk profile and reliable earnings stream," Chief Executive David Payne said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 27, 2025 14:26 ET (19:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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