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Dec 31, 2022
TriCo Q4 2022 Earnings Report
TriCo Bancshares reported net income for Q4 2022.
Key Takeaways
TriCo Bancshares announced net income of $36.34 million for the quarter ended December 31, 2022, compared to $37.34 million during the trailing quarter ended September 30, 2022, and $28.22 million during the quarter ended December 31, 2021. Diluted earnings per share were $1.09 for the fourth quarter of 2022, compared to $1.12 for the third quarter of 2022 and $0.94 during the fourth quarter of 2021.
Net interest margin increased by 0.32% to 4.34% from the third quarter of 2022.
Organic loan growth was $136.2 million for the quarter or 8.6% annualized.
Deposit balances declined by $326.8 million for the quarter or 15.1%.
Noninterest income related to service charges and fees was $12.3 million for the three month period ended December 31, 2022, an increase of 9.5% when compared to the same period in 2021.
Forward Guidance
Looking forward, the pace of margin and net interest income growth may slow through the course of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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