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Core Viewpoint - DA Davidson has raised the price target for TriCo Bancshares (TCBK) to $54 from $51 while maintaining a Neutral rating on the shares, indicating positive momentum for the company into 2026 due to increased loan production and improved margins [1] Group 1 - The firm noted significant improvements in Q4, particularly in loan production and margin enhancement, which are expected to contribute to future growth [1] - TriCo Bancshares' credit quality remains strong, suggesting a stable financial position for the bank [1] - Expense control measures were evident in 2025, indicating effective management practices within the company [1]

Core Viewpoint - TriCo Bancshares demonstrates strong financial performance with consistent earnings and revenue growth, making it an attractive investment option in the banking sector. Financial Performance - TriCo reported earnings per share (EPS) of $1.03 for the quarter ending December 2025, exceeding the estimated $1.01 and showing improvement from $0.88 in the same quarter the previous year [2][6] - The company generated $109.4 million in revenue for the same quarter, surpassing the Zacks Consensus Estimate by 1.86% and increasing from $100.36 million reported in the previous year [3][6] Financial Health - TriCo's low debt-to-equity ratio of 0.066 indicates a relatively low level of debt compared to its equity, reflecting strong financial health [4][6] - The company's earnings yield stands at 6.92%, providing insight into the earnings generated per dollar invested, which is appealing for investors seeking stable returns [5][6] - The enterprise value to sales ratio is 2.80, and the enterprise value to operating cash flow ratio is 11.98, suggesting a strong valuation relative to its sales and cash flow from operations [4]

TriCo (TCBK) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.23%. A quarter ago, it was expected that this holding company for Tri Counties Bank would post earnings of $0.92 per share when it actually produced earnings of $1.04, delivering a surprise of +13.04%.Over the last four q ...

Core Viewpoint - TriCo Bancshares expresses optimism about its future performance trajectory as it approaches the end of 2025 and the start of 2026, highlighting a strong foundation built on exceptional employees and customers [1] Group 1: Company Performance - The company emphasizes its ability to navigate a wide range of challenges and opportunities with confidence, attributing this to its strong foundation [1] - Execution of long-term strategies remains a primary focus for the company, indicating a commitment to sustainable growth [1] Group 2: Economic Alignment - The company believes in the alignment between its strategies and the current economic environment, suggesting a proactive approach to adapting to market conditions [1]

Financial Performance - Net income for Q4 2025 was $33.6 million, or $1.03 per diluted share, a decrease of 1.1% from the previous quarter but an increase of 15.8% from Q4 2024[6]. - The efficiency ratio improved to 54.68% in Q4 2025, down from 56.18% in the previous quarter[7]. - Return on average assets was 1.34% for Q4 2025, while return on average equity was 10.02%, both slightly down from the previous quarter[7]. - Net income for the quarter was $33,634,000, slightly down from $34,019,000 in the previous quarter, indicating a decrease of 1.1%[53]. - Net income for the three months ended December 31, 2025, was $33,634,000, an increase from $29,034,000 in the same period of 2024, representing a growth of 15%[57]. Interest Income and Margin - Net interest income (FTE) increased to $92.5 million, up 2.97% from the previous quarter, with a net interest margin (FTE) of 4.02%, an increase of 10 basis points[6]. - Net interest income (FTE) for Q4 2025 was $92,487 thousand, a 3.0% increase from $89,817 thousand in Q3 2025[20][24]. - Net interest margin (FTE) improved to 4.02%, up 10 basis points from the previous quarter[20][24]. - The yield on loans was 5.77%, a slight increase from 5.75% in the previous quarter[17][22]. - Average loan yields decreased from 5.78% to 5.77% year-over-year, with the cost of interest-bearing deposits down by 28 basis points[25]. Loan and Deposit Balances - Loan balances rose by $104.3 million or 6.0% annualized from the previous quarter, and increased by $342.6 million or 5.1% year-over-year[10]. - Total loans outstanding reached $7.1 billion as of December 31, 2025, marking a 5.1% increase from the same date in 2024[10]. - Total deposits reached $8,376,361 thousand, a marginal increase of 0.7% from the previous quarter[15]. - Deposit balances decreased by $70.6 million or 3.4% annualized from the previous quarter, but increased by $176.3 million or 2.2% year-over-year[6]. Credit Quality - The provision for credit losses was $3.0 million for Q4 2025, compared to $0.7 million in the previous quarter, reflecting a significant increase of 347.8%[7]. - The allowance for credit losses (ACL) was $125.8 million, representing 1.77% of total loans as of December 31, 2025[32]. - Non-performing loans decreased by $1.4 million to $64.2 million, with approximately $36.7 million current or less than 30 days past due[37]. - The ratio of classified loans to total loans was 1.78%, down 10 basis points from the previous quarter[35]. - Loans past due 30 days or more decreased by $7.8 million to $37.9 million[36]. Non-Interest Income and Expenses - Non-interest income decreased by $0.8 million or 4.7% to $17.2 million for the three months ended December 31, 2025, compared to $18.0 million for the previous quarter[42]. - Total non-interest income increased by $3.9 million or 6.1% to $68.3 million for the twelve months ended December 31, 2025, compared to $64.4 million for the same period in 2024[44]. - Total non-interest expense decreased by $0.6 million or 1.0% to $59.8 million for the quarter ended December 31, 2025, compared to $60.4 million for the previous quarter[45]. - Total salaries and benefits expense decreased by $0.8 million or 2.2% to $36.9 million, reflecting a reduction in full-time equivalent staff[45]. - The largest component of non-interest expense was salaries and benefits, which increased by $9.2 million or 6.5% to $149.8 million, attributed to merit increases and increased incentive compensation[48]. Shareholder Equity and Capital - The company authorized a new share repurchase program, reflecting confidence in its financial position and future growth prospects[1]. - The tangible book value per share increased to $31.52 at December 31, 2025, up from $30.61 at September 30, 2025[11]. - Total shareholders' equity increased to $1,328,001 as of December 31, 2025, from $1,304,305 in the prior quarter, reflecting a growth of 1.8%[54]. - Common shareholders' equity (book value) per share (GAAP) increased to $41.07 for the three months ended December 31, 2025, from $37.03 in the same period of 2024, a growth of 11%[57]. Future Outlook - Management anticipates total non-interest expenses will increase by approximately 5% for the year ending December 31, 2026[48].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - TriCo Bancshares has declared a quarterly cash dividend of $0.36 per share, marking the 145th consecutive quarterly dividend, reflecting the company's financial stability and commitment to returning value to shareholders [1][6]. Company Overview - TriCo Bancshares, established in 1975, is headquartered in Chico, California, with nearly $10 billion in assets and a strong focus on customer service through its subsidiary, Tri Counties Bank [2]. - The bank offers a wide range of financial services, including consumer, small business, and commercial banking, along with online and mobile banking access [2]. Financial Performance - For the year 2024, TriCo Bancshares reported revenues of $428.6 million and a net income of $108.4 million [3][8]. - The company has shown positive trends in operating leverage and return on equity, with expectations to cross the $10 billion asset threshold by 2026 [4]. Recent Developments - The company opened a new branch in the West Portal neighborhood of San Francisco, enhancing access to personalized financial solutions for local businesses and residents [5]. - The recent dividend increase of $0.03, or 9.1%, from the previous quarter indicates the company's growth expectations and commitment to shareholder returns [6].

Core Viewpoint - TriCo (TCBK) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors play a role in this relationship, as they adjust their valuations based on earnings estimates, leading to stock price fluctuations [4]. TriCo's Earnings Outlook - The Zacks Consensus Estimate for TriCo for the fiscal year ending December 2025 is $3.68 per share, unchanged from the previous year, but estimates have increased by 5.8% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10].

Financial Performance - Net income for the three months ended September 30, 2025, was $34,019 thousand, up 17.3% from $29,051 thousand in the prior year[14]. - Basic earnings per share rose to $1.04 for the three months ended September 30, 2025, compared to $0.88 for the same period in 2024, reflecting an increase of 18.2%[14]. - Net income for the nine months ended September 30, 2025, was $87,924 thousand, compared to $85,834 thousand for the same period in 2024, reflecting a growth of 2.4%[20]. - Comprehensive income for the three months ended September 30, 2025, was $50,418 thousand, compared to $73,589 thousand in the same period of 2024, showing a decrease of 31.5%[16]. - The Company reported cash dividends paid of $112.9 million during the nine months ended September 30, 2025, compared to $54.4 million in the same period of 2024, marking a substantial increase of 107.3%[87]. Asset and Liability Management - Total assets increased to $9,878,836 thousand as of September 30, 2025, up from $9,673,728 thousand at December 31, 2024, representing a growth of 2.12%[11]. - Total liabilities increased to $8,574,531 thousand as of September 30, 2025, from $8,452,821 thousand at December 31, 2024, reflecting a growth of 1.44%[11]. - Total deposits increased to $8,334,461 thousand as of September 30, 2025, from $8,087,576 thousand at December 31, 2024, marking a growth of 3.06%[11]. - The total principal balance of loans owed, net of charge-offs, is $7,038,025,000 as of September 30, 2025, compared to $6,804,113,000 as of December 31, 2024[56]. - The total outstanding loans amount to $7,006,824 thousand, with a year-to-date gross charge-offs of $9,706 thousand[66]. Income and Expense Analysis - Net interest income for the three months ended September 30, 2025, was $89,555 thousand, an increase of 8.4% compared to $82,611 thousand for the same period in 2024[14]. - Non-interest income for the three months ended September 30, 2025, was $18,007 thousand, a 9.2% increase from $16,495 thousand in the same period of 2024[14]. - Total non-interest expense for the three months ended September 30, 2025, was $60,424,000, slightly up from $59,487,000 in 2024[96]. - Total non-interest income for the nine months ended September 30, 2025, was $51,170,000 compared to $48,132,000 in 2024[95]. - Total non-interest expense increased by $6.8 million or 3.9% to $181.1 million for the nine months ended September 30, 2025, compared to $174.3 million for the same period in 2024[160]. Credit Quality and Provisions - Provision for credit losses for the three months ended September 30, 2025, was $670 thousand, compared to $220 thousand in the same period of 2024, indicating a significant increase in provisions[14]. - The provision for credit losses increased to $9,063 thousand in 2025 from $4,670 thousand in 2024, indicating a rise of 94.5%[20]. - The allowance for credit losses (ACL) for loans is $124,571,000 as of September 30, 2025, slightly down from $125,366,000 as of December 31, 2024[56]. - The total allowance for credit losses as of September 30, 2025, was $124.6 million, which is deemed adequate to absorb expected losses in the loan portfolio[175]. - The total nonperforming loans amounted to $65.6 million as of September 30, 2025, with new nonperforming loans additions totaling $9.9 million during the quarter[173]. Capital and Ratios - The total capital for Tri Counties Bank as of September 30, 2025, was $1,233,469, with a ratio of 15.02% to risk-weighted assets, also exceeding the required levels[122]. - The Tier 1 capital to risk-weighted assets ratio for the consolidated entity as of September 30, 2025, is 13.85%, exceeding the minimum required ratio of 8.50%[122]. - The total risk-based capital ratio was 15.1% as of September 30, 2025, above the minimum regulatory requirement of 10.5%[186]. - The return on average assets (GAAP) was 1.36% for the three months ended September 30, 2025, compared to 1.20% in the same period of 2024[192]. - The return on average equity (GAAP) for the nine months ended September 30, 2025, was 9.24%, compared to 9.67% for the same period in 2024[193]. Loan Portfolio Composition - The Company’s loan portfolio is primarily focused on commercial real estate loans, which accounted for 68.4% of total loans as of September 30, 2025[171]. - Total commercial real estate loans amount to $4,793,394,000, an increase from $4,577,632,000 in the previous year[56]. - The total commercial real estate loans past due as of September 30, 2025, were $18,066,000, with a total outstanding balance of $4,577,632,000[70]. - The total for leases is $5,188 thousand, with no charge-offs reported[66]. - The total for farmland risk ratings was $265,146,000 in 2024, an increase from $204,457,000 in 2023, representing a growth of about 29.6%[67]. Market and Economic Conditions - The company noted that economic indicators remain stable, supporting general economic expansion despite potential risks from political policies and tariffs[148]. - The primary risks identified include a general decline in the economy, rising unemployment, and increasing vacancy rates, which could adversely affect borrowers' repayment abilities[59]. - The average yield on earning assets was 5.25%, an increase of 4 basis points from the previous quarter, while the average yield on loans decreased by 1 basis point to 5.75%[130]. - The estimated change in net interest income (NII) for a +300 basis points shock in interest rates is a decrease of 4.9%[199]. - The overnight Federal funds effective rate as of September 30, 2025, was 4.09%[197].