secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000356171-22-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares Q1 2022 net income $20.4M, EPS $0.67; completed VRB merger
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- Net income $20.4M ($0.67 EPS) vs $28.2M ($0.94) in Q4 2021 and $33.6M ($1.13) in Q1 2021.
- Completed Valley Republic Bancorp merger on March 25, 2022, valued at ~$174M.
- Organic loan growth ex-PPP of $187.9M (15.5% annualized); total loans $5.85B.
- Provision for credit losses $8.33M vs reversal of $6.06M in year-ago quarter.
- Nonperforming assets down 48.4% to $17.0M; dividend unchanged at $0.25/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000028/0000356171-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000028/tcbk-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000356171-22-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer