| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 13.16 | 3.8% |
| Total Income | 13.16 | 3.8% |
| Expenditure | -32.72 | 44.6% |
| PBT | 45.88 | 30.0% |
| Net Profit | 33.69 | 27.8% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 1.05 | 31.3% |
TriCo Bancshares Reports Q1 2026 Net Income of $33.7 Million
23 Apr 2026 · 23 Apr, 5:03 am
Summary
TriCo Bancshares reported a net income of $33.7 million for Q1 2026, which translates to $1.04 per diluted share. This represents an increase of $7.3 million, or 27.8%, from the first quarter of 2025. Net interest income (FTE) amounted to $91.5 million, a slight decrease of 1.1% over the trailing quarter. Loan balances saw a year-over-year increase of $247.4 million, or 3.6%, while deposit balances increased by $198.3 million, or 2.4%.
Key Highlights
- 1
TriCo Bancshares reported a net income of $33.7 million, or $1.04 per diluted share, for the first quarter of 2026.
- 2
Net interest income (FTE) was $91.5 million, reflecting a decrease of $1.0 million or 1.1% over the trailing quarter.
- 3
Loan balances increased by $247.4 million, or 3.6%, from the first quarter of the prior year.
- 4
Deposit balances increased by $198.3 million, or 2.4%, compared to the same quarter of the previous year.
- 5
The company's return on average assets was 1.38%, while the return on average equity was 10.08% for the quarter ended March 31, 2026.
- 6
Diluted earnings per share were $1.04 for the first quarter of 2026, compared to $0.80 during the first quarter of 2025.
- 7
Shares of common stock outstanding decreased by 424,384 during the quarter as 447,211 shares were repurchased at an average price of $48.30 per share.
Management Comments
Rick Smith
“Our results for the first quarter of 2026 continue to demonstrate TriCo's stability and ability to operate effectively under various and changing economic environments. Deposit growth was strong and new loan originations were generally consistent with expectations while we continue to focus on managing credit quality within the loan portfolio. In addition, the deployment of capital through share repurchase activities will continue to benefit our financial results”
Peter Wiese
“Continued expense discipline benefited quarterly results. While total revenue contracted slightly due to the shorter day count in the first quarter as compared to the trailing quarter, both our net interest margin and efficiency ratio incrementally improved. Consistent with previous guidance, we anticipate that future revenue growth will outpace expense growth, leading to positive operating leverage and PPNR expansion.”
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