TriCo

Q4 2025 +1.60%Q3 2025 +1.18%Q2 2025 +0.10%Q1 2025 +1.02%Q4 2024 +2.51%Q3 2024 -3.32%Q2 2024 +3.59%Q1 2024 -2.73%Q4 2023 -4.90%Q3 2023 +7.04%Q2 2023 -1.42%Q1 2023 -1.45%Q4 2022 +0.37%Q3 2022 +3.78%Q2 2022 +0.34%Q1 2022 -0.98%Q4 2021 -0.72%Q3 2021 -2.82%Q2 2021 -0.92%Q1 2021 +0.96%Q4 2020 -0.82%Q3 2020 -4.70%Q2 2020 -1.82%Q1 2020 -2.05%Q4 2019 -0.24%Q3 2019 +2.68%Q2 2019 +2.15%Q1 2019 -0.25%Q4 2018 +7.46%Q3 2018 +2.10%Q2 2018 +2.57%Q1 2018 +0.47%Q4 2017 -1.47%Q3 2017 -3.49%Q2 2017 +1.00%Q1 2017 -3.56%Q4 2016 +5.19%Q3 2016 -0.38%Q2 2016 -7.01%Q1 2016 +0.45%Q4 2015 +3.24%Q3 2015 +0.61%Q2 2015 +2.06%Q1 2015 -2.39%Q4 2014 -1.80%Q3 2014 +3.71%Q2 2014 -0.36%Q1 2014 +0.66%Q4 2013 -5.78%Q3 2013 +5.69%Q2 2013 +0.22%Q1 2013 -2.11%Q4 2012 -2.34%Q3 2012 +1.10%Q2 2012 -1.45%Q1 2011 +0.13%Q1 2012 +1.66%Q4 2009 +1.20%Q4 2010 +1.20%Q4 2011 +1.20%Q3 2011 +0.48%Q2 2010 -4.50%Q2 2011 -4.50%Q3 2010 +2.65%Q1 2010 +10.17%

Oct 25, 2023

•

Sep 30, 2023

TriCo Q3 2023 Earnings Report

TriCo Bancshares' operating results improved, driven by margin and non-interest expenses, and exceeded market expectations.

Key Takeaways

TriCo Bancshares reported a net income of $30.6 million for Q3 2023, an increase from $24.9 million in the previous quarter but a decrease compared to $37.3 million in the same quarter last year. Diluted earnings per share were $0.92, up from $0.75 in the previous quarter but down from $1.12 in Q3 2022.

Net income reached $30.6 million, up from the trailing quarter but down from the prior year's quarter.

Return on average assets was 1.23%, an improvement from the trailing quarter but lower than the prior year's quarter.

Loan balances increased by $187.9 million, while deposit balances decreased by $85.7 million from the trailing quarter.

Overall credit quality remained strong with non-performing assets representing 0.33% of total assets.