Quarterly ResultAug 7, 2026, 04:33 PM
TriCo Bancshares Q2 Net Income $34.17M; EPS $1.07
AI Summary
TriCo Bancshares reported a strong second quarter for 2026, with net income increasing 24.06% to $34.17 million and basic EPS rising 27.38% to $1.07 compared to the same period last year. Net interest income also saw an 8.22% increase. The company's balance sheet showed growth, with total assets reaching $9.93 billion, total loans, net, at $7.18 billion, and total deposits at $8.37 billion as of June 30, 2026.
Key Highlights
- Net income for Q2 2026 increased 24.06% to $34.17 million from $27.54 million in Q2 2025.
- Basic earnings per share rose 27.38% to $1.07 in Q2 2026 from $0.84 in Q2 2025.
- Net interest income for Q2 2026 grew 8.22% to $93.63 million from $86.52 million in Q2 2025.
- Total assets increased 1.11% to $9.93 billion as of June 30, 2026, from $9.82 billion at Dec 31, 2025.
- Total loans, net, grew 2.80% to $7.18 billion as of June 30, 2026, from $6.99 billion at Dec 31, 2025.
- Total deposits increased 1.27% to $8.37 billion as of June 30, 2026, from $8.26 billion at Dec 31, 2025.
- Provision for credit losses decreased 43.09% to $2.66 million in Q2 2026 from $4.67 million in Q2 2025.
- Dividends per share increased to $0.36 in Q2 2026 from $0.33 in Q2 2025.
Price Impact
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