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Mar 31, 2024
TriCo Q1 2024 Earnings Report
TriCo Bancshares reported a net income of $27.7 million and diluted EPS of $0.83 for Q1 2024.
Key Takeaways
TriCo Bancshares reported a net income of $27.7 million and diluted EPS of $0.83 for the first quarter of 2024. The company's deposit balances increased by $153.6 million, and the efficiency ratio improved to 57.36%.
Net income was $27.7 million, compared to $26.1 million in the trailing quarter.
Deposit balances increased $153.6 million or 7.8% (annualized) from the trailing quarter.
Average yield on earning assets was 5.13%, an increase of 4 basis points over the trailing quarter.
The efficiency ratio improved to 57.36%.
Revenue by Segment
Forward Guidance
Management expects that the incremental repricing of earning assets will provide an increasing level of benefit to revenues as the balance of 2024 unfolds.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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