Trico Bancshares Stock Price, News & Analysis

Tri Counties Bank (TCBK) has partnered with FHLBank San Francisco to donate $180,000 in grants through the Empowering Homeownership Matching Grant Program. The funds will be distributed to three organizations: Self-Help Enterprises ($75,000), Greater Sacramento Urban League ($60,000), and San Francisco Housing Development Corporation ($45,000).

The program operates on a 2:1 matching ratio, where FHLBank San Francisco provides $2 for every $1 contributed by Tri Counties Bank, up to $200,000. These grants support HUD-approved housing counseling services, homebuyer education, and financial empowerment programs aimed at making homeownership more accessible to low-, moderate-, and middle-income families throughout California.

Tri Counties Bank (NASDAQ:TCBK) has announced plans to open a new branch in San Francisco's West Portal neighborhood at 279 West Portal Avenue in late summer 2025. The location, formerly a First Republic Bank branch, will feature a modern banking approach with five relationship desks instead of traditional teller lines.

The full-service branch will be staffed by former First Republic Bank employees and will offer dedicated customer parking, lobby hours Monday-Friday 9 A.M. to 5 P.M., night drop services, and a 24/7 walk-up ATM with immediate cash deposit credit. The branch aims to provide personalized financial solutions for both personal and business banking needs in the West Portal community.

["Strategic expansion into San Francisco Bay Area market", "Hiring experienced local bankers from First Republic Bank", "Modern branch design with relationship-focused service model"]

Tri Counties Bank (TCBK) has announced a strategic restructuring of its business and commercial management teams to enhance specialized services for California businesses. The bank has established three distinct divisions based on revenue size: Business Banking ($2M-$10M), Commercial Banking ($10M-$50M), and Middle Market and Specialty Banking (>$50M). Led by Scott Myers, Head of Wholesale Banking, the reorganization aims to provide tailored financial solutions and relationship-based banking services. The bank has appointed several senior leaders including Aytom Salomon for Middle Market Banking, Lindsey Fudge for Commercial Real Estate, Vanessa Ryan for Public Sector Banking, and Brett Lew for Food and Agribusiness Banking.

TriCo Bancshares (NASDAQ: TCBK) has declared a quarterly cash dividend of $0.33 per share on its common stock. The dividend will be paid on June 20, 2025, to shareholders of record as of June 6, 2025.

Tri Counties Bank, a wholly-owned subsidiary of TriCo Bancshares, has assets of nearly $10 billion and celebrates 50 years of financial stability. The bank provides comprehensive financial services including consumer, small business, and commercial banking, along with brokerage services through its affiliation with Raymond James Financial Services.

TriCo Bancshares (NASDAQ: TCBK) reported Q1 2025 net income of $26.4 million, or $0.80 per diluted share, compared to $29.0 million ($0.88/share) in the previous quarter. The bank's net interest margin decreased to 3.73% from 3.76%, while net interest income declined by $1.5 million to $82.8 million.

Key metrics include: loan balances increased by $52.3 million (3.1% annualized) quarter-over-quarter; deposits grew by $117.8 million (5.8% annualized); average yield on earning assets decreased to 5.15% from 5.22%; and the efficiency ratio rose to 60.42% from 59.56%. The loan-to-deposit ratio stood at 83.13%.

The provision for credit losses increased to $3.7 million from $1.7 million in the previous quarter, primarily due to increased reserves for individually evaluated loans. Non-performing assets to total assets rose to 0.59% from 0.48% in the previous quarter.

Tri Counties Bank has announced the distribution of $260,000 in AHEAD Program grants in collaboration with the Federal Home Loan Bank of San Francisco. The grants will support three organizations:

• Alchemist CDC in Sacramento ($50,000) for launching businesses at the Alchemist Public Market
• Jefferson Economic Development Institute in Mount Shasta ($110,000) for a new Culinary Entrepreneurship Program
• Kashia Band of Pomo Indians in Santa Rosa ($100,000) for job training and housing stabilization services

These grants are part of FHLBank San Francisco's AHEAD Program, which has awarded over $33.1 million since 2004. In 2024, the program allocated $7.3 million, nearly double the 2023 funding, supporting 84 projects across Arizona, California, and Nevada.

TriCo Bancshares (TCBK) reported Q4 2024 net income of $29.0 million, or $0.88 per diluted share, consistent with the previous quarter's $29.1 million. The company's net interest margin increased to 3.76%, up 5 basis points from 3.71% in Q3, with net interest income rising to $84.4 million.

Loan balances grew by $84.6 million (5.1% annualized) from Q3, while deposits increased by $50.5 million (2.5% annualized). Year-over-year, deposits rose by $253.5 million (3.2%), though loans decreased slightly by $25.9 million (0.4%).

The bank's efficiency ratio improved to 59.56% from 60.02% in Q3. The provision for credit losses increased to $1.7 million from $0.2 million in Q3, driven by loan growth. Non-performing assets to total assets were 0.48%, up from 0.45% in Q3 and 0.35% year-over-year.

TriCo Bancshares (NASDAQ: TCBK) has announced its quarterly cash dividend of $0.33 per share on its common stock. The dividend will be paid on December 20, 2024, to shareholders of record as of December 6, 2024. Tri Counties Bank, established in 1975, operates throughout Northern and Central California, offering consumer, small business, and commercial banking services, along with ATM, online, and mobile banking access. The bank also provides brokerage services through Tri Counties Advisors in affiliation with Raymond James Financial Services.

Tri Counties Bank and FHLBank San Francisco have announced a combined $200,000 donation to promote Black homeownership through FHLBank's Empowering Black Homeownership matching grant program. The initiative resulted in two $100,000 donations to the Greater Sacramento Urban League (GSUL) and Self-Help Enterprises (SHE). The funds will support GSUL's HUD-approved Housing Counseling Program and SHE's Mutual Self-Help Housing Program, both aimed at addressing racial equity in homeownership and narrowing the Black homeownership wealth gap in California.