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Sep 30, 2020
TriCo Q3 2020 Earnings Report
TriCo Bancshares' financial performance improved with increased net income and stable credit quality.
Key Takeaways
TriCo Bancshares reported a net income of $17.6 million for the quarter ended September 30, 2020, a significant increase compared to the previous quarter. The company experienced non-PPP loan growth and strong deposit growth, while also reducing its cost of funds. Credit quality remained stable, and non-interest income increased due to mortgage banking gains and card usage.
Net income increased to $17.6 million, compared to $7.43 million in the previous quarter.
Diluted earnings per share rose to $0.59, up from $0.25 in the prior quarter.
Total loans reached $4.83 billion, and total deposits amounted to $6.34 billion.
Credit quality remained stable with deferred loans decreasing from $341 million to $131 million.
Revenue by Segment
Forward Guidance
The provided document does not contain forward guidance. Therefore, information on the company's future expectations is unavailable.
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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