| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 14.00 | 6.4% | 2.6% |
| Total Income | 14.00 | 6.4% | 2.6% |
| Expenditure | -32.30 | 1.3% | 33.7% |
| PBT | 46.30 | 0.9% | 22.4% |
| Net Profit | 34.17 | 1.4% | 24.1% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 1.07 | 1.9% | 27.4% |
TriCo Bancshares Reports Q2 2026 Net Income of $34.2 Million, Diluted EPS of $1.06
23 Jul 2026 · 23 Jul, 3:37 pm
Summary
TriCo Bancshares announced second quarter 2026 net income of $34.2 million, or $1.06 per diluted share, marking a 24.1% increase year-over-year. Net interest income rose 2.6% sequentially to $93.9 million, supported by a net interest margin of 4.11%. The company saw robust loan growth of 5.1% year-over-year, reaching $7.3 billion, while deposit balances remained stable. Management highlighted the continued trust from customers and communities, the expected synergies with First Hawaiian Bank following the merger announcement, and disciplined balance sheet management.
Key Highlights
- 1
Net income for the second quarter of 2026 was $34.2 million, or $1.06 per diluted share, an increase of 24.1% from the second quarter of 2025.
- 2
Net interest income (FTE) increased by 2.6% over the trailing quarter to $93.9 million, with a net interest margin (FTE) of 4.11%.
- 3
Loan balances grew by 5.1% from the same quarter of the prior year, totaling $7.3 billion as of June 30, 2026.
- 4
Deposit balances decreased slightly by 0.1% from the same quarter of the prior year, totaling $8.37 billion.
- 5
The efficiency ratio was 56.25% for the quarter, which included $0.9 million in merger-related expenses.
- 6
Book value per share increased to $42.03 at June 30, 2026, compared to $41.49 at March 31, 2026.
Management Comments
Rick Smith
Our second quarter results are highlighted by robust loan growth across our markets, reflecting the continued trust that customers and communities place in Tri Counties Bank. This continued growth, combined with the synergies we expect to develop over time with First Hawaiian Bank, further support the merits and thesis of our recent merger announcement. In addition to the obvious size and scale that will be created, our capacity and resources to serve California communities will continue to expand following the union of TCBK and FHB.
Peter Wiese
Growth in loans and earning assets, continued repricing of loans and investment securities, and disciplined balance sheet management all contributed to the expansion of net interest income and margin. Despite the slight increase in our efficiency ratio, after adjusting for merger-related expenses and elevated incentive compensation related to loan growth and overall bank performance, expense control also remains disciplined. While capital deployment remains top of mind for management, we expect that share repurchase activities, if any, will be limited given the merger announcement.
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