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TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial and retail banking services to individual and corporate customers. The company accepts demand, savings, and time deposits; and offers checking, specialized, money market, education, health savings, certificate of deposit, and business and public funds savings accounts, as well as individual retirement accounts. It also offers small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, and personal loans; commercial loans, including agricultural loans; motorcycle, RV, boat, and other vehicle loans; and real estate construction loans. In addition, the company provides treasury management services; credit and debit cards; other customary banking services comprising safe deposit boxes; and brokerage and wealth management services. Further, it offers equipment financing, digital banking, overdraft, and payment processing services. The company was founded in 1975 and is headquartered in Chico, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $411M | - | $122M | $128M | 9.2% | 5.8% | 5.8% |
| 2024 | $389M | - | $115M | $105M | 9.4% | -5.4% | -2.1% |
| 2023 | $411M | - | $117M | $134M | 10.1% | 2.1% | -6.4% |
| 2022 | $403M | - | $125M | $159M | 12.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 402.52 | 411.13 | 388.76 | 411.34 |
| Operating Revenue | - | 402.52 | 411.13 | 388.76 | 411.34 |
| Selling General And Administration | - | 136.69 | 144.60 | 149.38 | 158.38 |
| Interest Income | - | 354.37 | 437.06 | 465.12 | 469.06 |
| Interest Expense | - | 9.53 | 81.68 | 135.20 | 119.73 |
| Net Interest Income | - | 344.84 | 355.38 | 329.91 | 349.34 |
| Pretax Income | - | 173.91 | 160.90 | 155.10 | 166.16 |
| Tax Provision | - | 48.49 | 43.52 | 40.24 | 44.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.99 | 0.40 | 0.33 | 0.25 |
| Net Income Continuous Operations | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income From Continuing And Discontinued Operation | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income From Continuing Operation Net Minority Interest | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income Common Stockholders | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income Including Noncontrolling Interests | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Normalized Income | - | 127.97 | 116.30 | 113.93 | 120.88 |
| Diluted NI Availto Com Stockholders | - | 125.42 | 117.39 | 114.87 | 121.56 |
| Basic Average Shares | - | 33.33 | 33.26 | 33.09 | 32.67 |
| Diluted Average Shares | - | 33.33 | 33.35 | 33.23 | 32.85 |
| Reconciled Depreciation | - | 18.38 | 18.85 | 16.07 | 14.39 |
| Total Unusual Items | - | -3.54 | 1.49 | 1.27 | 0.93 |
| Total Unusual Items Excluding Goodwill | - | -3.54 | 1.49 | 1.27 | 0.93 |
| Special Income Charges | - | -5.18 | -0.02 | -0.02 | -0.12 |
| Other Special Charges | - | -1.07 | 0.02 | 0.02 | 0.12 |
| Restructuring And Mergern Acquisition | 1.52 | 6.25 | 0 | 0 | - |
| Gain On Sale Of Security | - | -0.34 | -0.25 | 0.08 | -3.16 |
| Depreciation Amortization Depletion Income Statement | - | 6.33 | 6.12 | 4.12 | 1.96 |
| Depreciation And Amortization In Income Statement | - | 6.33 | 6.12 | 4.12 | 1.96 |
| General And Administrative Expense | - | 132.99 | 141.07 | 145.53 | 154.95 |
| Other Gand A | 20.74 | - | - | - | - |
| Salaries And Wages | - | 129.85 | 135.79 | 140.58 | 149.77 |
| Insurance And Claims | - | 3.14 | 5.28 | 4.95 | 5.18 |
| Selling And Marketing Expense | - | 3.69 | 3.53 | 3.85 | 3.43 |
| Amortization | - | 6.33 | 6.12 | 4.12 | 1.96 |
| Amortization Of Intangibles Income Statement | - | 6.33 | 6.12 | 4.12 | 1.96 |
| Occupancy And Equipment | - | 21.23 | 21.78 | 21.84 | 22.34 |
| Professional Expense And Contract Services Expense | - | 4.39 | 7.36 | 6.79 | 6.40 |
| Other Non Interest Expense | - | 36.32 | 46.36 | 44.88 | 43.92 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TriCo Bancsharesthis co. | TCBK | $1.6B | 13.41 | 1.23 | 9.2% | - |
| Pathward Financial, Inc. | CASH | $1.7B | 9.01 | 1.94 | 21.6% | - |
| Dime Community Bancshares, Inc. | DCOM | $1.7B | 14.97 | 1.22 | 8.1% | - |
| Republic Bancorp, Inc. | RBCAA | $1.7B | 12.58 | 1.50 | 11.9% | - |
| FirstSun Capital Bancorp | FSUN | $1.6B | 16.83 |
| - |
| - |
| - |
| - |
| 1.43 |
| 8.5% |
| - |
| German American Bancorp, Inc. | GABC | $1.6B | 14.58 | 1.41 | 9.7% | - |
| S&T Bancorp, Inc. | STBA | $1.6B | 12.15 | 1.11 | 9.2% | - |
| Hope Bancorp, Inc. | HOPE | $1.6B | 26.13 | 0.70 | 2.7% | - |
| Bank First Corporation | BFC | $1.6B | 21.96 | 2.44 | 11.1% | - |
| Peer Median | - | 14.77 | 1.42 | 9.4% | - | |