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].

Core Viewpoint - TriCo (TCBK) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts have shown growing optimism regarding TriCo's earnings prospects, leading to a rising trend in estimate revisions, which is expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $1.01 per share, reflecting a year-over-year increase of 14.8%. Over the past 30 days, three estimates have been raised with no negative revisions, resulting in a 9.51% increase in the Zacks Consensus Estimate [4]. - For the full year, TriCo is projected to earn $3.68 per share, indicating a year-over-year change of 6.4%. In the last month, four estimates have been revised upward, contributing to a 5.75% increase in the consensus estimate [5]. Zacks Rank - TriCo currently holds a Zacks Rank 2 (Buy), which is based on favorable estimate revisions. This ranking system has a proven track record of helping investors make informed decisions [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - TriCo shares have appreciated by 7.7% over the past four weeks, indicating investor confidence in the company's earnings growth potential [7].

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]

Core Viewpoint - TriCo (TCBK) reported quarterly earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and showing an increase from $0.88 per share a year ago, representing an earnings surprise of +13.04% [1][2] Financial Performance - The company achieved revenues of $107.56 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.59% and increasing from $99.11 million year-over-year [2] - Over the last four quarters, TriCo has consistently surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - TriCo shares have declined approximately 2.6% year-to-date, contrasting with the S&P 500's gain of 13.9% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.92 for the upcoming quarter and $3.48 for the current fiscal year [4][7] Industry Context - The Zacks Industry Rank indicates that the Banks - West sector is in the top 37% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Columbia Banking (COLB), a peer in the same industry, is expected to report quarterly earnings of $0.66 per share, reflecting a year-over-year decline of -4.4%, with revenues anticipated to be $581.6 million, up 17.2% from the previous year [9][10]

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]

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 Impact - 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 utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Outlook - The upgrade for TriCo reflects an improvement in its underlying business, suggesting that investors may push the stock price higher due to rising earnings estimates [5][10]. - For the fiscal year ending December 2025, TriCo is expected to earn $3.48 per share, with a 4.8% increase in the Zacks Consensus Estimate 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 and potential for market-beating returns [9][10].

Core Viewpoint - TriCo Bancshares (TCBK) continues to demonstrate a shareholder-friendly approach by increasing its quarterly cash dividend to 36 cents per share, marking a 9.1% increase from the previous payout [1][8]. Dividend History - The recent dividend hike represents the 144th consecutive quarterly dividend for TriCo Bancshares, with a total of 10 increases over the past 15 years, growing from 9 cents to 36 cents, a fourfold increase [2][8]. Financial Metrics - With a closing price of $44.44, TCBK's dividend yield is currently at 2.9%. The company maintains a payout ratio of 39% and an annualized dividend growth rate of 9.48%, indicating a strong capacity for reinvestment while providing consistent capital returns [3][8]. Share Repurchase Program - TriCo Bancshares has been actively repurchasing shares, with a board-approved plan to buy back up to 2.0 million shares. As of June 30, 2025, approximately 0.36 million shares remain authorized for repurchase [4]. Liquidity Position - The company reported $314 million in cash and cash equivalents against $119 million in total debt as of June 30, 2025, highlighting a robust liquidity profile that supports its dividend and share repurchase initiatives [5][8]. Stock Performance - Over the past three months, TCBK shares have increased by 10.4%, slightly underperforming the industry growth of 11.9% [6]. Zacks Rank - TCBK currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook in the market [9].

Financial Performance - Net income for the six months ended June 30, 2025, was $53,905 thousand, down 5.1% from $56,783 thousand in the same period of 2024[12]. - Net income for the three months ended June 30, 2025, was $27,542,000, a decrease from $29,034,000 for the same period in 2024, reflecting a decrease of approximately 5.1%[88]. - The company reported net income of $27,542,000 for the three months ended June 30, 2025, compared to $29,034,000 for the same period in 2024, reflecting a decrease of approximately 5.1%[188]. - The return on average equity (GAAP) for the six months ended June 30, 2025, was 8.61%, down from 9.74% in the same period of 2024[188]. - For the six months ended June 30, 2025, total consolidated revenues amounted to $263,601,000, slightly down from $264,086,000 in the same period of 2024[117]. Asset and Liability Management - Total assets increased to $9,923,983 thousand as of June 30, 2025, up from $9,673,728 thousand at December 31, 2024, representing a growth of 2.58%[10]. - Total liabilities increased to $8,657,160 thousand as of June 30, 2025, from $8,452,821 thousand at December 31, 2024, an increase of 2.43%[10]. - Total deposits rose to $8,375,809 thousand as of June 30, 2025, compared to $8,087,576 thousand at December 31, 2024, marking an increase of 3.56%[10]. - Cash and cash equivalents increased to $314,268 thousand as of June 30, 2025, compared to $144,956 thousand at December 31, 2024, representing a substantial growth of 117.5%[10]. - The total amount of commercial and industrial loans reached $467,564 thousand in 2023, a rise from $455,241 thousand in 2022, reflecting a growth of approximately 2.9%[61]. Credit Quality and Loss Provisions - Provision for credit losses increased to $4,665 thousand for the three months ended June 30, 2025, compared to $405 thousand for the same period in 2024[12]. - The provision for credit losses for the three months ended June 30, 2025, was $4.7 million, up from $3.7 million in the previous quarter, attributed to increased reserves due to loan growth[122]. - The total allowance for credit losses as of June 30, 2025, was $124.5 million, with an allowance for collectively evaluated loans at $120.5 million[168]. - The allowance for credit losses (ACL) to total loans was 1.79% as of June 30, 2025, down from 1.88% in the previous quarter[122]. - The company believes the current allowance for loan losses is adequate to absorb expected losses inherent in the loan portfolio[168]. Non-Interest Income and Expenses - Non-interest income for the six months ended June 30, 2025, was $33,163 thousand, up from $31,637 thousand in the same period of 2024, reflecting a growth of 4.8%[12]. - Total non-interest income for the three months ended June 30, 2025, was $17,090,000, an increase of 7.7% from $15,866,000 in the same period of 2024[86]. - Total non-interest expense for the six months ended June 30, 2025, was $120,716,000, compared to $114,843,000 for the same period in 2024, indicating an increase of approximately 5.1%[87]. - Total non-interest expense increased by $2.8 million or 4.8% to $61.1 million during the three months ended June 30, 2025, primarily due to an increase in salaries and benefits[150]. - The company reported total service charges and fees of $13,650,000 for the three months ended June 30, 2025, up from $12,796,000 in the same period of 2024, representing an increase of 6.7%[86]. Shareholder Returns and Stock Performance - The company repurchased common stock amounting to $19,822,000 in 2025, compared to $13,585,000 in 2024, reflecting an increase of approximately 46.0%[19]. - Cash dividends paid during the three months ended June 30, 2025, totaled $28.5 million, an increase of 21.8% from $23.4 million in the same period of 2024[79]. - The company repurchased 379,978 shares for a market value of $15.2 million during the three months ended June 30, 2025, compared to 244,992 shares for $9.1 million in the same period of 2024, representing an increase of 67.5% in share repurchase value[80]. - The total shareholders' equity increased by $11.3 million, resulting in a book value of $38.92 per share, up from $38.17 at March 31, 2025[179]. - The company repurchased a total of 391,520 shares during the three months ended June 30, 2025, at an average price of $40.09 per share[199]. Loan Portfolio and Performance - The total principal balance of loans owed, net of charge-offs, increased to $6,991,115 as of June 30, 2025, compared to $6,804,113 at December 31, 2024[53]. - Total outstanding loans increased to $6,958,993 thousand in 2023, up from $6,751,005 thousand in 2022, representing a growth of approximately 3.1%[61]. - The total loans, net of unamortized deferred loan fees and discounts, reached $6,958,993 as of June 30, 2025, compared to $6,768,523 at December 31, 2024[53]. - The company’s loan portfolio as of June 30, 2025, consisted of approximately $7.0 billion with a weighted average coupon rate of 5.57%[190]. - The total commercial real estate loans rose to $4,730,732 as of June 30, 2025, up from $4,577,632 at the end of 2024, indicating a growth of 3.34%[53]. Risk Management and Economic Factors - The primary risks identified include a general decline in the economy, rising unemployment, and increasing inflation or interest rates, which could adversely affect borrowers' repayment abilities[55]. - The company noted that geopolitical policy risks and proposed tariffs continue to present challenges, impacting credit risks within the loan portfolio[140]. - The company emphasizes ongoing monitoring of credit quality indicators, including criticized and classified loans, net charge-offs, and delinquency rates[57]. - The risk grading system classifies loans into categories, with $2,438,949,000 in total loans graded from Pass to Loss as of June 30, 2025[58]. - The company continues to monitor and manage its loan portfolio effectively, ensuring a strong position in the market[60].