TriCo Bancshares Announces Quarterly Cash Dividend

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].