secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000356171-22-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares reports Q2 EPS $0.93; net income $31.4M; NIM expands 28bps to 3.67%
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- Net income $31.4M ($0.93 diluted EPS) vs $20.4M ($0.67) in Q1 and $28.4M ($0.95) in Q2 2021.
- Net interest margin (FTE) rose 28bps to 3.67%, driven by higher rates and asset mix shift.
- Organic loan growth ex-PPP $300.3M (20.7% annualized); total deposits $8.76B up 1.9% annualized.
- Provision for credit losses $2.1M vs $8.3M in prior quarter; NPAs/total assets improved to 0.15%.
- Merger with Valley Republic Bancorp fully absorbed; efficiency ratio improved to 55.45%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000047/0000356171-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000047/tcbk-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000356171-22-000047

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