Loading...
•
Jun 30, 2023
TriCo Q2 2023 Earnings Report
Announced second quarter 2023 results, with net income of $24.9 million and diluted earnings per share of $0.75.
Key Takeaways
TriCo Bancshares reported a net income of $24.9 million for the quarter ended June 30, 2023, compared to $31.4 million for the same quarter last year. Diluted earnings per share were $0.75 for the second quarter of 2023, compared to $0.93 during the second quarter of 2022.
Net income was $24.9 million, compared to $31.4 million in the same quarter of the prior year.
Loan balances increased by $98.3 million, or 6.1% (annualized) versus the prior quarter, and deposit balances increased by $69.5 million, or 3.5% (annualized) versus the prior quarter.
Average yield on earning assets was 4.78%, an increase of 14 basis points over the trailing quarter.
Net interest margin was 3.96%, a change of 25 basis points from the trailing quarter.
Forward Guidance
Margin preservation and expense control will be focused priorities in the second half of 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...