Quarterly ResultApr 23, 2026, 06:07 AM
TriCo Bancshares Q1 2026 Net Income Rises 27.8% to $33.7M
AI Summary
TriCo Bancshares reported strong first-quarter 2026 results with net income reaching $33.7 million, a 27.8% increase year-over-year, and diluted EPS of $1.04. The company saw robust deposit growth and an improved net interest margin, alongside continued expense discipline. While loan balances decreased sequentially, management highlighted effective operations and capital deployment through share repurchases.
Key Highlights
- Net income was $33.7 million, up 27.8% from Q1 2025.
- Diluted EPS was $1.04, up from $0.80 in Q1 2025.
- Deposit balances increased $139.7 million (6.8% annualized) from trailing quarter.
- Net interest margin (FTE) increased 5 basis points to 4.07% sequentially.
- Shares outstanding decreased by 424,384 due to repurchases at $48.30/share.