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Jun 30, 2020
TriCo Q2 2020 Earnings Report
Reported net income of $7,430,000 and diluted earnings per share of $0.25 for the quarter ended June 30, 2020.
Key Takeaways
TriCo Bancshares reported a net income of $7,430,000 for the quarter ended June 30, 2020, with diluted earnings per share at $0.25. The company's total loans, total assets and total deposits reached $4.80 billion, $7.36 billion and $6.25 billion, respectively.
Return on average assets was 0.43% and return on average equity was 3.39% for the quarter ended June 30, 2020.
Originated and funded 2,908 loans totaling $436.7 million under the Payment Protection Program (PPP).
Net interest margin was 4.10% on a tax equivalent basis.
Non-interest bearing deposits as a percentage of total deposits were 39.81%.
TriCo
TriCo
Forward Guidance
Company did not provide forward guidance in the earnings report.