Trico Bancshares / (TCBK)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$437.1M

Revenue growth

8.8%

Net income, last twelve months

$135.5M

Earnings per share

$4.16

Net margin

31.0%

Free cash flow

$133.1M

Return on equity

10.1%

Market value

$1.7B

Price to earnings

12.7x

Dividend yield

2.7%

Cash

$105.2M

Debt

$51.8M

Debt to equity

0.04

Shares outstanding

32.0M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the third quarter 2026 results, filed 22 October 2026.

• Net income rose to $38.0 million. Net income rose $3.8 million, or 11.1%, from the trailing quarter. Diluted EPS was $1.18 compared with $1.06.
• Lending income drove interest income gain. Net interest income (FTE) rose $2.9 million, or 3.1%, to $96.8 million. Interest income on earning assets rose $3.1 million, led by $3.8 million of lending income.
• Return on equity rose to 11.08%. Return on average assets was 1.50% and return on average equity was 11.08%, up from 1.37% and 10.15% in the trailing quarter.
• Nine-month diluted EPS reached $3.29. For the nine months ended September 30, 2026, diluted EPS was $3.29 compared with $2.67 a year earlier.
• Net interest margin rose to 4.16%. Net interest margin (FTE) was 4.16%, up 5 basis points. Excluding acquired-loan discount accretion, the margin was 4.11%, up from 4.07%.
• Loan yield edged up to 5.87%. Loan yield was 5.87%, up 2 basis points from the trailing quarter and up 12 basis points from a year earlier.
• Deposit cost fell 13 basis points. Average cost of total deposits was 1.26%, down 1 basis point from the trailing quarter and 13 basis points from a year earlier. Interest-bearing deposit cost fell 17 basis points year over year.
• Investment yield fell to 3.30%. Tax-equivalent investment portfolio yield was 3.30%, down 3 basis points from the trailing quarter and down 19 basis points from a year earlier.
• New loan coupon rose to 6.63%. Weighted average coupon on loans produced in the quarter was 6.63%, up from 6.50% in the trailing quarter and below 6.71% a year earlier.
• Loans grew 5.4% annualized. Loans reached $7.4 billion at quarter end, up $99.1 million in the quarter and $403.4 million from a year earlier.
• Originations eased from elevated level. Gross originations were about $496.0 million, down from $632.9 million in the trailing quarter. Payoffs were $410.8 million compared with $412.8 million.
• Investment portfolio shrank $163.1 million. Investments fell $163.1 million from prepayments and maturities of $131.8 million and a $60.5 million market value decline. Purchases of $29.2 million were agency mortgage-backed securities.
• Deposits grew $74.6 million. Deposits rose $74.6 million, or 3.6% annualized, to $8.4 billion. The loan-to-deposit ratio was 87.76%, up from 87.36% at June 30.
• Noninterest-bearing deposits near 31%. Noninterest-bearing deposits were 31.4% of quarter-end deposits. Average noninterest-bearing deposits grew 3.2% year over year to 31.0% of total average deposits.

Company events

The newest 8-K filings of 283 held.

Every filing

The newest filings with the SEC of 554 held.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

222 funds held it at 30 Jun 2026: 98 added and 53 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Bank of Nova Scotia (BNS): revenue $27.0B, market value $116.9B
• Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $100.9B
• Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.6B
• Fifth Third Bancorp (FITB): revenue $10.7B, market value $48.5B
• State Street Corp. (STT): revenue $15.5B, market value $47.4B
• M&T Bank Corp. (MTB): revenue $10.0B, market value $31.8B
• Northern Trust Corp. (NTRS): revenue $9.1B, market value $31.4B
• Banco Bradesco S.A. (BBD): revenue –, market value $28.9B
• Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.5B
• First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $26.9B

What the company does

TriCo Bancshares is a registered bank holding company under the Bank Holding Company Act of 1956. Its principal business is to serve as the holding company for Tri Counties Bank, a California-chartered commercial bank. TriCo is a California corporation incorporated in 1981, and the Bank was organized in 1975. Both are headquartered in Chico, California, and the common stock trades on the Nasdaq Global Select Market under the symbol "TCBK". The Bank serves personal, small business and commercial customers through stand-alone and in-store branches in communities throughout California.

How the business is organised

TriCo has not started any business operations separate from the Bank, so the company is in practice the Bank. The Company also has two capital subsidiary business trusts that it organized. They are accounted for under the equity method and are not consolidated. The Company has not elected to become a financial holding company. Brokerage and wealth management services are offered at the Bank's offices by Tri Counties Advisors, through the Bank's arrangement with Raymond James Financial Services, an independent financial services provider and broker-dealer.

What it sells

The Bank accepts demand, savings and time deposits. It makes small business, commercial, real estate and consumer loans. It also offers treasury management services and other customary banking services, including safe deposit boxes at some branches. Customers can use online and mobile banking, a shared nationwide network of over 40,000 surcharge-free ATMs, and bankers available by phone 7 days per week.

How its loans are split

The Bank concentrates its lending in four areas: real estate mortgage loans (residential and commercial), consumer loans, commercial loans including agricultural loans, and real estate construction loans.

- Commercial real estate: 68.3% - Consumer: 18.5% - Commercial and industrial: 6.5% - Construction: 4.2% - Agriculture production: 2.4% - Leases: 0.1%

Loans carry interest rates that vary with the degree of risk, the size and maturity of the loan, the borrower's relationship with the Bank and prevailing money market rates. The Bank takes collateral that includes real estate, securities, deposits, vehicles, machinery, equipment, inventory and receivables. Commitments to extend credit equal 31.2% of total loans outstanding.

How it earns its income

The company says net interest income is its largest source of revenue. This is the difference between interest earned on loans, leases and investment securities and interest paid on deposits and borrowed funds. The Bank did not use brokered deposits during 2025 or 2024.

Who it serves and where

Most of the Bank's deposits come from individuals and business-related sources. The filing says no single person or group provides a material portion of deposits, and no material portion of loans is concentrated in one industry. Business customers span manufacturing, real estate development, retail, wholesale, transportation, agriculture, commerce, oil and gas, and professional services. The owners of these businesses are often personal customers too. Most loans are direct loans to individuals and businesses in California where the Bank has branches or business lending centers. The filing defines northern California as the area north of and including Stockton and San Jose, central California as the area south of those cities to Bakersfield and San Luis Obispo, and southern California as the area south of Bakersfield and San Luis Obispo.

How it competes

The Bank competes with national and regional banks, savings institutions, credit unions, brokerage firms, money market funds, mutual funds and financial technology companies. The filing says larger banks have a greater ability to finance technology and marketing and have higher lending limits. The Bank relies on local promotional activity, personal contacts by its officers, directors, employees and shareholders, extended hours, personalized service and its reputation in the communities it serves.

Rules it operates under

The Federal Reserve Board supervises TriCo. The Bank's capital levels have exceeded the minimums needed to be considered well capitalized under the prompt corrective action framework since its adoption. Its commercial real estate concentration, net of owner-occupied loans, was 188.6% of capital, and its construction and land development concentration was 21.5%.

Its people

The company employed 1,148 people, equal to 1,135 full-time equivalent employees. None are represented by a union or covered by a collective bargaining agreement. The company lists its values as trust, respect, integrity, communication and opportunity. Benefits include employer subsidized health insurance, tuition reimbursement, a 401(k) retirement plan and an employee stock ownership plan. During 2025, employees logged more than 10,100 volunteer hours supporting more than 350 organizations.

*From TriCo Bancshares's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/356171/000035617126000010/tcbk-20251231.htm)*

From the company's 10-K.