The Board of Directors of Westamerica Bancorp. declared a quarterly cash dividend of $0.35 per share on common stock outstanding to shareholders of record at the close of business on November 2, 2009. The dividend is payable November 13, 2009.

Westamerica Bancorp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted net interest income of $61,593,000 compared to $48,693,000 for the same period a year ago. Income before taxes was $39,603,000 compared to loss before taxes of $4,609,000 for the same period a year ago. Net income applicable to common equity was $23,791,000 or $0.81 diluted per share compared to $44,000 for the same period a year ago. ROA was 1.86%. ROE was 19.7%. Net interest income has increased in 2009 compared to 2008 due to acquired County Bank assets and a higher net interest margin. For the nine months, the company has posted net interest income of $183,270,000 compared to $146,407,000 for the same period a year ago. Income before taxes was $164,445,000 compared to loss before taxes of $58,048,000 for the same period a year ago. Net income applicable to common equity was $98,114,000 or $3.35 diluted per share compared to $39,025,000 or $1.33 diluted per share for the same period a year ago. ROA was 2.57% compared to 1.22% for the same period a year ago. ROE was 28.4% compared to 12.8% for the same period a year ago.

Westamerica Bancorp. - Conference Presentation Calls