Quarterly ResultJul 23, 2026, 06:07 AM
TriCo Bancshares Q2 Net Income $34.2M, Diluted EPS $1.06
AI Summary
TriCo Bancshares reported strong second-quarter 2026 financial results, with net income reaching $34.2 million, a 24.1% increase year-over-year, and diluted earnings per share of $1.06. The company experienced robust loan growth, with balances increasing 13.7% annualized from the previous quarter, and an improved net interest margin of 4.11%. Management highlighted the continued trust from customers and communities, and the expected synergies from the recently announced merger with First Hawaiian Bank.
Key Highlights
- Net income was $34.2 million, up 24.1% from Q2 2025.
- Diluted EPS was $1.06, up 26.2% from $0.84 in Q2 2025.
- Net interest income (FTE) increased 2.6% to $93.9 million from the trailing quarter.
- Net interest margin (FTE) rose to 4.11%, up 4 basis points from the trailing quarter.
- Loan balances increased $242.9 million or 13.7% annualized from the trailing quarter.
- Deposit balances decreased $34.8 million or 1.7% annualized from the trailing quarter.
- Efficiency ratio was 56.25%, including $0.9 million in merger-related expenses.
- Allowance for credit losses (ACL) to total loans was 1.78%.
Price Impact
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