TriCo Bancshares
- Open
- 60.37
- Day high
- 60.61
- Day low
- 59.61
- Prev close
- 60.52
- Volume
- 454K
- Mkt cap
- $1.9B
- P/E (TTM)
- 15.0
- EPS (TTM)
- $3.98
- P/B
- 1.4
- P/S
- 3.5
- Yield
- 1.20%
- Per share
- $0.72
TriCo Bancshares (TCBK) is a Financial Services company listed on NASDAQ. The stock is up 41% over the past year.
TriCo Bancshares (TCBK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TCBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.97 | $1.04 | +7.2% | $108M | -0.0% |
| Jan 22, 2026 | $1.01 | $1.03 | +2.0% | $109M | +2.3% |
| Oct 23, 2025 | $0.92 | $1.04 | +13.0% | $106M | -2.4% |
| Jul 24, 2025 | $0.82 | $0.84 | +2.4% | $99M | -4.3% |
| Apr 24, 2025 | $0.78 | $0.80 | +2.6% | $97M | -2.8% |
| Jan 23, 2025 | $0.79 | $0.88 | +11.4% | $99M | +0.6% |
| Oct 24, 2024 | $0.81 | $0.88 | +8.6% | $97M | -1.0% |
| Jul 25, 2024 | $0.79 | $0.87 | +10.1% | $96M | -2.3% |
| Apr 25, 2024 | $0.79 | $0.83 | +5.1% | $97M | -3.2% |
| Jan 25, 2024 | $0.83 | $0.78 | -6.0% | $101M | -1.4% |
| Oct 25, 2023 | $0.88 | $0.92 | +4.5% | $103M | -0.5% |
| Jul 26, 2023 | $0.94 | $0.75 | -20.2% | $102M | -2.3% |
TCBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 29, 2026 | CARNEY CRAIG Bofficer: EVP Chief Credit Officer | Option | 4,561 | — |
| Jun 29, 2026 | Gehlmann Gregory Aofficer: SVP General Counsel | Option | 2,876 | — |
| Jun 29, 2026 | BAILEY DANIEL Kofficer: EVP Chief Banking Officer | Tax | 2,804 | $53.55 |
| Jun 29, 2026 | Wiese Peter Gofficer: EVP Chief Financial Officer | Option | 5,724 | — |
| Jun 29, 2026 | Rudd Angela Tamaraofficer: Chief Risk Officer | Tax | 235 | $53.55 |
| Jun 29, 2026 | Levingston Jason Toddofficer: Chief Information Officer | Option | 1,467 | — |
| Jun 29, 2026 | SMITH RICHARD Pdirector, officer: CEO & President | Tax | 8,511 | $53.55 |
| Jun 29, 2026 | Rudd Angela Tamaraofficer: Chief Risk Officer | Option | 729 | — |
| Jun 29, 2026 | CARNEY CRAIG Bofficer: EVP Chief Credit Officer | Option | 4,171 | — |
| Jun 29, 2026 | CARNEY CRAIG Bofficer: EVP Chief Credit Officer | Tax | 2,675 | $53.55 |
| Jun 29, 2026 | Rudd Angela Tamaraofficer: Chief Risk Officer | Option | 667 | — |
| Jun 29, 2026 | Wiese Peter Gofficer: EVP Chief Financial Officer | Tax | 3,659 | $53.55 |
| Jun 29, 2026 | Levingston Jason Toddofficer: Chief Information Officer | Tax | 940 | $53.55 |
| Jun 29, 2026 | Levingston Jason Toddofficer: Chief Information Officer | Option | 1,604 | — |
| Jun 29, 2026 | SMITH RICHARD Pdirector, officer: CEO & President | Option | 14,513 | — |
Source: TCBK SEC Form 4 filings, latest Jun 29, 2026. For informational purposes only — not investment advice.
See the full TCBK insider & 13F page →TriCo Bancshares company profile
Overview
TriCo Bancshares (NASDAQ:TCBK) is a regional bank holding company founded in 1975 and headquartered in Chico, California. The company operates through its primary subsidiary, Tri Counties Bank, which provides traditional commercial banking services across Northern and Central California. Since going public in 1993, TriCo has grown to operate 61 traditional branches, 7 in-store branches, and 7 loan production offices spanning 31 counties throughout California, establishing itself as a prominent community-focused financial institution in the state's regional banking sector.
Business
TriCo Bancshares operates in the regional banking industry, which sits between large national banks and small community banks in terms of size and geographic reach. Regional banks like TriCo typically serve specific geographic areas and focus on building relationships with local businesses and consumers, offering more personalized service than national banks while maintaining broader capabilities than smaller community institutions. The company's core business revolves around traditional commercial banking services delivered through Tri Counties Bank. These services include accepting customer deposits in various forms - demand deposits (checking accounts that allow immediate withdrawals), savings accounts, and time deposits (certificates of deposit with fixed terms and interest rates). On the lending side, the bank provides multiple loan products including small business loans for local enterprises, real estate mortgage loans covering both residential home purchases and commercial property financing, consumer loans for personal needs, commercial loans including specialized agricultural lending given California's significant farming sector, and real estate construction loans for development projects. Beyond core banking, TriCo offers treasury management services to help business customers manage their cash flow, payments, and financial operations more efficiently. The bank also provides traditional banking amenities such as safe deposit boxes and partners with independent financial advisors to offer broker-dealer investment services to customers seeking wealth management solutions. The company operates through a network of physical locations strategically positioned across Northern and Central California, including traditional full-service branches, smaller in-store branches located within retail establishments, and loan production offices that focus specifically on originating loans in key markets.
Revenue model
TriCo Bancshares generates revenue through the fundamental banking business model of net interest income and fee-based services. The primary revenue driver is the interest rate spread - the bank pays depositors a certain interest rate on their savings and certificates of deposit, then lends that money out at higher interest rates for mortgages, business loans, and other credit products. This net interest margin represents the core profitability engine, with the bank essentially acting as a financial intermediary. The company's customers are primarily individual consumers and small-to-medium businesses within its California footprint. Individual customers provide deposit funding through checking and savings accounts while borrowing for homes, cars, and personal needs. Business customers, including agricultural operations given California's farming economy, utilize the bank for operating lines of credit, equipment financing, commercial real estate loans, and cash management services. Secondary revenue streams include fee income from various banking services such as account maintenance fees, transaction fees, treasury management service charges, and commissions from investment product sales through their broker-dealer partnerships. Several factors influence TriCo's profitability margins. Interest rate environment is crucial - rising rates generally help banks earn more on loans faster than they pay more on deposits, expanding net interest margins. However, rapid rate increases can also reduce loan demand and increase credit risk. Local economic conditions in California directly impact loan demand, deposit growth, and credit quality. Competition from larger national banks and fintech companies can pressure both deposit rates and loan pricing. Regulatory compliance costs represent a significant fixed expense that can pressure margins, particularly for regional banks that lack the scale of national institutions. Credit quality fluctuations based on economic cycles directly affect profitability through loan loss provisions.
Competitive moat
TriCo Bancshares operates with a modest but meaningful competitive moat built primarily around local market relationships and regulatory barriers to entry. The company's strongest defensive characteristic is its established customer relationships within Northern and Central California communities, where personal service and local decision-making provide advantages over large national banks that often centralize operations and offer less personalized attention. The regulatory framework surrounding banking creates natural barriers to entry, as new competitors must obtain banking charters, maintain significant capital requirements, and comply with extensive regulatory oversight. This regulatory moat provides some protection against new entrants, though it doesn't prevent competition from existing financial institutions. However, TriCo's moat faces several vulnerabilities. Digital disruption from fintech companies and online banks threatens traditional branch-based banking by offering higher deposit rates and more convenient digital services without the overhead of physical locations. Scale disadvantages compared to larger banks limit TriCo's ability to invest heavily in technology infrastructure and compete on pricing for certain products. Geographic concentration risk in California makes the bank vulnerable to regional economic downturns or regulatory changes specific to the state. The company's moat is further challenged by increasing competition from credit unions, which enjoy tax advantages, and from national banks that can offer broader product suites and potentially better digital capabilities. Interest rate sensitivity also limits the bank's pricing power during certain economic cycles. Overall, TriCo maintains a defensive position through local relationships and regulatory protection, but this moat is relatively narrow and faces ongoing pressure from technological and competitive forces reshaping the banking industry.
Risks & safety
TriCo Bancshares demonstrates solid financial stability with manageable risk levels, though typical banking sector vulnerabilities remain. **Cash Flow and Solvency:** - Strong operating cash flow of $109.7 million in 2024, with consistent positive free cash flow of $105.1 million - Low debt-to-equity ratio of 0.18 as of Q4 2024, indicating conservative leverage - Substantial cash and short-term investments of $145 million provide liquidity buffer - No immediate solvency concerns given strong capital position **Valuation Metrics:** - Price-to-earnings ratio of 12.6x appears reasonable for regional banking sector - Price-to-book ratio of 1.18x suggests modest premium to book value - Return on equity of 9.4% in 2024 indicates decent profitability relative to shareholder equity - Graham number of $53.69 compared to current price suggests potential undervaluation **Other Considerations:** - Asset quality concerns typical of banking sector during economic uncertainty - Geographic concentration in California creates regional economic exposure - Interest rate sensitivity affects both asset yields and funding costs - Regulatory capital requirements provide cushion but limit financial flexibility
Recent development
Based on available financial data, TriCo Bancshares has maintained operational consistency rather than pursuing dramatic strategic pivots over recent years. The company has focused on steady organic growth within its established California markets while maintaining conservative risk management practices. Key developments include balance sheet optimization efforts, with total assets remaining relatively stable around $9.7-9.8 billion while the company has worked to improve asset quality and manage interest rate risk. The bank has maintained its dividend payments to shareholders while generating consistent profitability, with net income ranging from $115-125 million annually in recent years. The company has continued expanding its digital capabilities to compete with larger banks and fintech competitors, though specific technology initiatives are not detailed in available financial reports. TriCo has also focused on relationship banking strategies to deepen customer ties and cross-sell additional services to existing clients. Credit quality management has been a key focus, with the bank maintaining relatively stable loan loss provisions while navigating economic uncertainty and interest rate volatility. The company has also worked to optimize its branch network efficiency while maintaining its community banking presence across its California footprint. Rather than pursuing major acquisitions or geographic expansion, TriCo appears focused on maximizing returns within its existing market presence and building deeper relationships with current customers and communities.
TCBK company profile · for informational purposes only — not investment advice.
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