| Westamerica redeemed the remaining 41,863 shares Preferred Stock from the Treasury at $1,000 per share. This redemption will require a one-time after-tax charge of $517 thousand, equivalent to approximately 2c diluted EPS, to accelerate the accretion of the Preferred Stock discount. Quarterly Preferred Stock dividends and discount accretion will decline $553 thousand following the redemption, increasing quarterly EPS by approximately 2c. :theflyonthewall.com |
