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Nov 25, 2025 4:18 PM Eastern Standard Time TriCo Bancshares Announces Quarterly Cash Dividend Share CHICO, Calif.--(BUSINESS WIRE)--The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) (the "Company†), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.36 (thirty- six cents) per share on its common stock, no par value, on November 20, 2025, representing the 145th consecutive quarterly cash dividend paid to shareholders. The dividend is payable on December 19, 2025, to holde ...

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].

TriCo (TCBK) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this holding company for Tri Counties Bank, should get reflected in its stock price. After all, empirical research shows a strong corre ...

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors to consider on November 7, including Teradyne, HSBC, and TriCo Bancshares [1][2][3] Company Summaries - **Teradyne, Inc. (TER)**: - Zacks Rank 1 - Current year earnings estimate increased by 10.5% over the last 60 days - Shares gained 72.2% over the last three months, outperforming the S&P 500's 6.4% increase - Momentum Score of A [1] - **HSBC Holdings plc (HSBC)**: - Zacks Rank 1 - Current year earnings estimate increased by 5.5% over the last 60 days - Shares gained 13% over the last three months, also outperforming the S&P 500's 6.4% increase - Momentum Score of A [2] - **TriCo Bancshares (TCBK)**: - Zacks Rank 1 - Current year earnings estimate increased by 5.8% over the last 60 days - Shares gained 8.7% over the past three months, exceeding the S&P 500's 6.4% increase - Momentum Score of A [3]

TriCo (TCBK) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.92 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 +13.04%. A quarter ago, it was expected that this holding company for Tri Counties Bank would post earnings of $0.82 per share when it actually produced earnings of $0.84, delivering a surprise of +2.44%.Over the last four q ...

Financial Performance - Net income for Q3 2025 was $34.0 million, or $1.04 per diluted share, representing a 17.1% increase from $27.5 million, or $0.84 per diluted share, in Q3 2024[5] - Net income for Q3 2025 was $34,019,000, a 23.0% increase from $27,542,000 in Q2 2025[53] - Return on average equity (GAAP) for the three months ended September 30, 2025, was 10.47%, up from 8.68% in the previous quarter[57] - Return on average total assets improved to 1.36% in Q3 2025, up from 1.13% in Q2 2025[53] - Pre-tax pre-provision return on average assets (Non-GAAP) for the third quarter of 2025 was 1.89%, an increase from 1.74% in the previous quarter[55] Interest Income and Margin - Net interest income (FTE) increased to $89.8 million, up $3.0 million or 3.51% from the previous quarter, with a net interest margin (FTE) of 3.92%[5] - Interest income for the three months ended September 30, 2025, was $119.99 million, a 3.1% increase from the previous quarter[18] - The net interest margin improved by 4 basis points to 3.92% for the quarter ended September 30, 2025[22] - Net interest income rose to $89,555,000 in Q3 2025, compared to $86,519,000 in Q2 2025, reflecting a growth of 2.4%[53] Loan and Deposit Balances - Loan balances rose by $47.8 million or 2.7% annualized from the previous quarter, and increased by $322.9 million or 4.8% year-over-year[5] - Total loans outstanding reached $7.0 billion, an increase of $322.9 million or 4.8% year-over-year[8] - Total deposits grew by $138.6 million or 6.7% from the previous quarter, amounting to $8.36 billion[13] - Deposit balances decreased by $41.3 million or 2.0% annualized from the previous quarter, but increased by $297.4 million or 3.7% compared to the same quarter last year[5] Credit Quality - The provision for credit losses was $0.7 million in Q3 2025, significantly lower than $4.7 million in the previous quarter, indicating improved credit quality[6] - The allowance for credit losses was $124.6 million, representing 1.78% of total loans as of September 30, 2025[30] - Non-performing loans increased by $0.8 million to $65.6 million as of September 30, 2025[36] - The ratio of classified loans to total loans was 1.88%, down 6 basis points from the previous quarter[34] Non-Interest Income and Expenses - Non-interest income increased by $0.9 million or 5.4% to $18.0 million during the three months ended September 30, 2025, compared to $17.1 million in the previous quarter[42] - Total non-interest expense for the quarter ended September 30, 2025, decreased by $0.7 million or 1.2% to $60.4 million compared to $61.1 million for the quarter ended June 30, 2025[45] - Total non-interest expense increased by $0.9 million or 1.6% to $60.4 million during the three months ended September 30, 2025, compared to $59.5 million for the same period in 2024[46] Shareholders' Equity - Total shareholders' equity increased by $37.5 million during Q3 2025, resulting in a book value of $40.12 per share[9] - The total shareholders' equity rose to $1,304,305 as of September 30, 2025, up from $1,266,823 in the previous quarter, marking a growth of 2.9%[54] - Common shareholders' equity per share (GAAP) increased to $40.12 for the three months ended September 30, 2025, from $38.92 in the previous quarter[57] Efficiency and Cost Management - The efficiency ratio improved to 56.18% in Q3 2025, down from 59.00% in the previous quarter[6] - The cost of total interest-bearing deposits decreased by 24 basis points year-over-year, reflecting effective cost management strategies[17] - Total salaries and benefits expense decreased by $0.6 million or 1.5% to $37.7 million, reflecting a reduction in full-time equivalent staff[45]

Core Point - Tri Counties Bank has opened a new branch in the West Portal neighborhood of San Francisco, enhancing access to personalized financial solutions for local businesses and residents [1] Company Summary - The new full-service branch is located at 279 W. Portal Avenue [1] - The branch emphasizes exceptional service and local decision-making [1] - Dedicated customer parking is available at the new location [1] - Lobby hours for the branch are Monday to Friday from 9 A.M. to 5 P.M. [1]

Company Overview - TriCo (TCBK) is based in Chico and operates in the Finance sector, with a year-to-date share price change of 3.68% [3] - The company currently pays a dividend of $0.36 per share, resulting in a dividend yield of 3.18%, which is higher than the Banks - West industry's yield of 2.78% and the S&P 500's yield of 1.51% [3] Dividend Performance - The annualized dividend of TriCo is $1.44, reflecting a 9.1% increase from the previous year [4] - Over the past five years, TriCo has increased its dividend three times, achieving an average annual increase of 9.48% [4] - The current payout ratio is 39%, indicating that the company pays out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for TriCo's earnings in 2025 is $3.48 per share, with an expected increase of 0.58% from the previous year [5] - The company is viewed as a compelling investment opportunity due to its attractive dividend and strong earnings growth potential [6]