Loading…
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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 402.52 | 411.13 | 388.76 | 411.34 |
| Pretax Income | 173.91 | 160.91 | 155.10 | 166.16 |
| Tax Provision | 48.49 | 43.52 | 40.24 | 44.60 |
| Net Income | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income Common Stockholders | 125.42 | 117.39 | 114.87 | 121.56 |
| Interest Expense | 9.53 | 81.68 | 135.20 | 119.73 |
| Interest Income | 354.37 | 437.06 | 465.12 | 469.06 |
| Selling General And Administration | 136.69 | 144.60 | 149.38 | 158.38 |
| Normalized Income | 127.97 | 116.30 | 113.93 | 120.88 |
| Basic EPS | 3.85 | 3.53 | 3.47 | 0 |
| Diluted EPS | 3.83 | 3.52 | 3.46 | 0 |
| Tax Effect Of Unusual Items | -0.99 | 0.40 | 0.33 | 0.25 |
| Tax Rate For Calcs | 0.28 | 0.27 | 0.26 | 0.27 |
| Total Unusual Items | -3.54 | 1.49 | 1.27 | 0.93 |
| Total Unusual Items Excluding Goodwill | -3.54 | 1.49 | 1.27 | 0.93 |
| Net Income From Continuing Operation Net Minority Interest | 125.42 | 117.39 | 114.87 | 121.56 |
| Reconciled Depreciation | 18.38 | 18.85 | 16.07 | 14.39 |
| Net Interest Income | 344.84 | 355.38 | 329.91 | 349.33 |
| Net Income From Continuing And Discontinued Operation | 125.42 | 117.39 | 114.87 | 121.56 |
| Diluted Average Shares | 33.33 | 33.35 | 33.23 | 0 |
| Basic Average Shares | 33.33 | 33.26 | 33.09 | 0 |
| Diluted NI Availto Com Stockholders | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income Including Noncontrolling Interests | 125.42 | 117.39 | 114.87 | 121.56 |
| Net Income Continuous Operations | 125.42 | 117.39 | 114.87 | 121.56 |
| 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 | 6.25 | 0 | 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 |
| Amortization | 6.33 | 6.12 | 4.12 | 1.96 |
| Amortization Of Intangibles Income Statement | 6.33 | 6.12 | 4.12 | 1.96 |
| Selling And Marketing Expense | 3.69 | 3.53 | 3.85 | 3.43 |
| General And Administrative Expense | 132.99 | 141.07 | 145.53 | 154.95 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 3.14 | 5.28 | 4.95 | 5.18 |
| Salaries And Wages | 129.85 | 135.79 | 140.58 | 149.77 |
| Operating Revenue | 402.52 | 411.13 | 388.76 | 411.34 |
| 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 | 46.35 | 44.88 | 43.91 |
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 | 12.72↓ discount | 1.22 | 9.2% | - |
| 1st Source Corporation | SRCE | $1.7B | 11.13 | 1.39 | - | - |
| National Bank Holdings Corporation | NBHC | $1.6B | 17.37 | 1.37 | 7.9% | - |
| Bank First Corporation | BFC | $1.6B | 20.03 | 1.98 | 11.1% | - |
| German American Bancorp, Inc. | GABC | $1.6B |
| 14.07 |
| 1.39 |
| 9.7% |
| - |
| FirstSun Capital Bancorp | FSUN | $1.6B | 10.44 | 0.86 | 8.5% | - |
| Lakeland Financial Corporation | LKFN | $1.5B | 15.05 | 2.04 | 13.6% | - |
| QCR Holdings, Inc. | QCRH | $1.5B | 11.36 | 1.36 | 11.4% | - |
| Exzeo Group, Inc. | XZO | $1.5B | 16.44 | 5.82 | 32.6% | 10.44 |
| Peer Median | - | 14.56 | 1.39 | 11.1% | 10.44 | |