Westamerica Bancorporation boosts stock buyback authorization by 2M shares, 11.8% of outstanding

WESTAMERICA BANCORPORATION

Board approved 2,000,000 additional shares for repurchase; total remaining authorization 2,785,023 shares.
Repurchase plan runs through December 31, 2026; shares may be bought on open market or privately.
Increased authorization reflects financial strength and conservative risk profile, per CEO David Payne.
Authorization represents 11.8% of common shares outstanding as of March 31, 2026.

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