Westamerica Bancorporation Management
Management criteria checks 4/4
Westamerica Bancorporation's CEO is David Payne, appointed in Jan 1989, has a tenure of 35.92 years. total yearly compensation is $758.70K, comprised of 48.9% salary and 51.1% bonuses, including company stock and options. directly owns 4.23% of the company’s shares, worth €56.88M. The average tenure of the management team and the board of directors is 3.4 years and 5.1 years respectively.
Key information
David Payne
Chief executive officer
US$758.7k
Total compensation
| CEO salary percentage | 48.9% |
| CEO tenure | 35.9yrs |
| CEO ownership | 4.2% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$146m |
| Jun 30 2024 | n/a | n/a | US$153m |
| Mar 31 2024 | n/a | n/a | US$158m |
| Dec 31 2023 | US$759k | US$371k | US$162m |
| Sep 30 2023 | n/a | n/a | US$162m |
| Jun 30 2023 | n/a | n/a | US$155m |
| Mar 31 2023 | n/a | n/a | US$140m |
| Dec 31 2022 | US$750k | US$371k | US$122m |
| Sep 30 2022 | n/a | n/a | US$104m |
| Jun 30 2022 | n/a | n/a | US$92m |
| Mar 31 2022 | n/a | n/a | US$89m |
| Dec 31 2021 | US$751k | US$371k | US$87m |
| Sep 30 2021 | n/a | n/a | US$89m |
| Jun 30 2021 | n/a | n/a | US$87m |
| Mar 31 2021 | n/a | n/a | US$84m |
| Dec 31 2020 | US$699k | US$371k | US$80m |
| Sep 30 2020 | n/a | n/a | US$77m |
| Jun 30 2020 | n/a | n/a | US$78m |
| Mar 31 2020 | n/a | n/a | US$78m |
| Dec 31 2019 | US$695k | US$371k | US$80m |
| Sep 30 2019 | n/a | n/a | US$79m |
| Jun 30 2019 | n/a | n/a | US$75m |
| Mar 31 2019 | n/a | n/a | US$74m |
| Dec 31 2018 | US$641k | US$371k | US$72m |
| Sep 30 2018 | n/a | n/a | US$57m |
| Jun 30 2018 | n/a | n/a | US$55m |
| Mar 31 2018 | n/a | n/a | US$52m |
| Dec 31 2017 | US$615k | US$371k | US$50m |
Compensation vs Market: David's total compensation ($USD758.70K) is below average for companies of similar size in the German market ($USD1.52M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David Payne (69 yo)
35.9yrs
Tenure
US$758,701
Compensation
Mr. David L. Payne serves as the Chairman and Chief Executive Officer at Westamerica Bancorporation since 1988 and 1989 respectively and serves as its President. Mr. Payne is also Chairman, President & Chi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 35.9yrs | US$758.70k | 4.23% € 56.9m | |
| Senior VP & Chief Information Officer | 5.9yrs | US$532.42k | 0.013% € 178.1k | |
| Senior VP & Chief Credit Administrator of Westamerica Bank | no data | US$457.01k | no data | |
| Senior VP & Treasurer | less than a year | US$649.86k | 0.058% € 775.2k | |
| Regional VP & Senior Regional Market Manager of Southern Banking Division | no data | US$433.13k | 0.015% € 199.2k | |
| Senior VP & Chief Financial Officer | less than a year | no data | 0.0089% € 119.6k | |
| Corporate Executive Secretary | no data | no data | no data | |
| Senior VP & Human Resources Division Manager | 5.9yrs | US$391.47k | 0.018% € 240.4k | |
| Senior VP & Risk Officer | less than a year | no data | 0.00025% € 3.4k | |
| VP & Corporate Secretary | no data | no data | no data | |
| Regional VP & Sr. Regional Mkt Manager | no data | no data | 0.015% € 199.3k |
3.4yrs
Average Tenure
66.5yo
Average Age
Experienced Management: WB1's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 40.9yrs | US$758.70k | 4.23% € 56.9m | |
| Independent Director | 21.3yrs | US$43.00k | 0.097% € 1.3m | |
| Lead Independent Director | 45.9yrs | US$55.86k | 0.22% € 2.9m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 5.3yrs | US$44.60k | 0.0023% € 31.3k | |
| Independent Director | 4.9yrs | US$42.73k | 0.00094% € 12.6k | |
| Independent Director | 3yrs | US$40.04k | 0.0019% € 24.9k | |
| Independent Director | 1.2yrs | US$8.50k | 0.00078% € 10.5k |
5.1yrs
Average Tenure
65yo
Average Age
Experienced Board: WB1's board of directors are considered experienced (5.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 11:08 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Westamerica Bancorporation is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Leanne Caravaggio | BMO Capital Markets Equity Research |
| Lana Chan | BMO Capital Markets Equity Research |
| Lana Chan | BMO Capital Markets U.S. (Historical) |