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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%.
TriCo
TriCo
TriCo Revenue by Segment
Revenue by Segment
Service Charges and Fees Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com 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