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.
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TriCo Bancshares (NASDAQ: TCBK) reported net income of $35.8 million for Q1 2023, a slight decrease from $36.3 million in the previous quarter but significantly higher than $20.4 million the previous year. Diluted earnings per share were $1.07, down from $1.09 quarter-over-quarter. The company's return on average assets was 1.47% and return on average equity was 13.36%. A notable concern was a 3.64% decline in total deposits, decreasing by $303.1 million, which increased the loan-to-deposit ratio to 80.0%. Total loans outstanding were $6.42 billion, a 10.8% increase year-over-year but a small decline from the previous quarter. Despite challenges in the banking sector, the management remains confident in their diverse customer base and performance differentiation.
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TriCo Bancshares (NASDAQ: TCBK) has declared a quarterly cash dividend of $0.30 per share on March 6, 2023. The dividend is payable on March 24, 2023, to shareholders on record as of March 17, 2023. Founded in 1975, Tri Counties Bank, a subsidiary of TriCo Bancshares, offers comprehensive banking services throughout Northern and Central California, along with around-the-clock ATM, online, and mobile access. This dividend reflects the company's commitment to providing value to its shareholders amid a competitive banking landscape.
TriCo Bancshares (NASDAQ: TCBK) reported a net income of $36.3 million for Q4 2022, down from $37.3 million in Q3 2022 but up 28.8% year-over-year. Diluted earnings per share were $1.09, compared to $1.12 in the prior quarter. The net interest margin rose by 0.32% to 4.34%. Organic loan growth was $136.2 million or 8.6% annualized, while total loans reached $6.5 billion. However, total deposits fell by 15.1% to $8.3 billion. The company maintains strong capital ratios and liquidity but anticipates slower growth in net interest income in 2023.
Tri Counties Bank has launched the Homeownership Access Program aimed at promoting homeownership in historically disadvantaged communities in Northern and Central California. Qualified applicants can receive a closing cost credit of up to
TriCo Bancshares (NASDAQ: TCBK) reported a net income of $37.3 million for Q3 2022, a 19% increase from the prior quarter. Diluted earnings per share rose to $1.12, up from $0.93 in Q2 2022. The net interest margin improved to 4.02%, driven by a 10.7% increase in net interest income. Organic loan growth reached $216.7 million, or 14.2% annualized. Non-interest income declined by 4.8% to $15.6 million due to falling mortgage-related gains. The efficiency ratio improved to 49.6%, indicating enhanced operational efficiency. Total loans stood at $6.3 billion, with deposits totaling $8.7 billion.
Tri Counties Bank has partnered with United Way of Northern California to launch the NorCal Wildfire Fund, contributing an initial $20,000 towards a $3 million goal. The fund aims to aid wildfire-affected communities across several counties, including Butte and Shasta. Donations can be made at Tri Counties Bank branches or online. Funds will support various programs, such as RV assistance and mental health services for survivors. The 2022 wildfire season has resulted in significant damage, with six fatalities and 400 homes destroyed.
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