Quarterly ResultMay 8, 2026, 04:47 PM
TriCo Bancshares Q1 Net Income $33.69M; EPS $1.05
AI Summary
TriCo Bancshares reported a strong first quarter for 2026, with net income increasing to $33.69 million, up from $26.36 million in the prior year. Basic earnings per share also saw a significant rise to $1.05. The company experienced growth in net interest income and total deposits, while also increasing its common stock repurchases and dividends per share.
Key Highlights
- Net income increased to $33.69 million for Q1 2026, up from $26.36 million in Q1 2025.
- Basic earnings per share rose to $1.05 in Q1 2026 from $0.80 in Q1 2025.
- Net interest income grew to $91.23 million in Q1 2026, compared to $82.54 million in Q1 2025.
- Total deposits increased to $8.40 billion as of March 31, 2026, from $8.26 billion at December 31, 2025.
- Total loans, net, were $6.94 billion as of March 31, 2026, a slight decrease from $6.99 billion at December 31, 2025.
- Dividends per share increased to $0.36 for Q1 2026 from $0.33 for Q1 2025.
- Repurchase of common stock totaled $22.42 million for Q1 2026, significantly up from $4.11 million in Q1 2025.
- Provision for credit losses decreased to $3.33 million in Q1 2026 from $3.73 million in Q1 2025.
Price Impact
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