Welcome to our dedicated page for Trico Bancshares news (Ticker: TCBK), a resource for investors and traders seeking the latest updates and insights on Trico Bancshares stock.
TriCo Bancshares (NASDAQ: TCBK), the bank holding company for Tri Counties Bank, regularly releases news that reflects its role in commercial and retail banking across California. News items commonly cover quarterly financial results, dividend declarations, branch expansion, and community development initiatives, giving investors and customers insight into the company’s operations and strategy.
Earnings press releases provide detail on net income, diluted earnings per share, net interest income, net interest margin, loan and deposit trends, efficiency ratio, and credit quality measures. These updates are often accompanied by executive commentary discussing loan production, deposit growth, funding costs, and balance sheet management. Related Form 8‑K filings reference these earnings releases and investor presentations.
TriCo Bancshares also issues frequent announcements about quarterly cash dividends on its common stock, documenting a long series of consecutive dividend payments and, at times, dividend increases. These dividend releases highlight the Board’s decisions and the company’s stated expectations regarding growth in earning assets and earnings per share.
Beyond financial performance, Tri Counties Bank’s news highlights branch expansion and business banking initiatives, such as the opening of a new San Francisco West Portal branch and the restructuring of business and commercial banking teams to better serve companies of different sizes. The bank’s community‑focused news includes grants and partnerships with organizations through Federal Home Loan Bank of San Francisco programs that support affordable homeownership, economic development, entrepreneurship, and housing stabilization.
Readers following TCBK news can expect a mix of financial disclosures, shareholder‑oriented announcements, operational updates, and community impact stories, all centered on the company’s banking activities in California.
TriCo Bancshares (NASDAQ: TCBK) reported second quarter 2024 net income of $29.0 million, or $0.87 per diluted share, up from $27.7 million or $0.83 per diluted share in the previous quarter. Key highlights include:
- Deposit balances increased by $62.6 million or 3.1% (annualized)
- Average yield on earning assets rose to 5.24%, up 11 basis points
- Net interest margin (FTE) remained stable at 3.68%
- Non-interest bearing deposits averaged 32.0% of total deposits
- Average cost of total deposits increased to 1.45%, up 24 basis points
The company's focus on core deposit growth and relationship banking continues to yield positive results, with management expressing confidence in the bank's stability and ability to operate effectively in changing economic environments.
TriCo Bancshares (NASDAQ: TCBK), the parent company of Tri Counties Bank, announced a quarterly cash dividend of $0.33 per share. This marks the 139th consecutive quarterly dividend, with a payment date set for June 21, 2024, and a record date on June 7, 2024. The announcement reinforces Tri Counties Bank's commitment to providing consistent returns to its shareholders. Headquartered in Chico, California, TriCo Bancshares has been serving communities in Northern and Central California since 1975. The bank offers a wide array of consumer, small business, and commercial banking services, along with around-the-clock online and mobile banking access. Brokerage services are also available through an affiliation with Raymond James Financial Services.
Tri Counties Bank, in collaboration with the Community Foundation of the North State, has granted $110,000 in scholarships to graduating high school seniors throughout California in May. The scholarships, ranging from $1,000 to $1,500, were awarded to 80 students from 55 high schools across 24 counties. Two types of scholarships were available: income-based for students with a Student Aid Index (SAI) of 0 or less and a GPA of 2.5 or higher, and merit-based for students with a GPA of 3.0 or higher. Sixty $1,500 scholarships went to low-to-moderate income students, while twenty $1,000 scholarships were merit-based. Funds will be sent directly to the students' chosen educational institutions. Applications for the 2025 cycle open on November 1, 2024.
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