Westamerica Bancorporation announced the retirement of John "Robert" A. Thorson, Senior Vice President and Treasurer, effective January 24, 2025, after more than 35 years of service. John Sousa will succeed him as Senior Vice President and Treasurer, effective January 27, 2025. Mr. Sousa joined the company in July 2024 as Vice President and Assistant Treasurer, bringing over 13 years of experience in investment portfolio management and derivatives execution from his tenure at Bank of the West.

Westamerica Bancorporation announced a quarterly cash dividend of $0.44 per share, payable on February 14, 2025, to shareholders of record as of February 3, 2025. Chairman, President, and CEO David Payne emphasized the company's reliable earnings, financial strength, and conservative risk profile.

The company recently reported a net income of $31.7 million, or $1.19 diluted earnings per share, for Q4 2024. Westamerica Bancorporation operates banking and trust offices across Northern and Central California through its subsidiary, Westamerica Bank.

Forward-looking statements in the release highlight potential risks and uncertainties that could affect future performance, including economic conditions, competition, and regulatory changes.