TriCo Q4 net income $36.3M, EPS $1.09; NIM expands to 4.34%

TRICO BANCSHARES /

2022-FY EPS reported $3.83 revenue$49,765,000

Net income $36.3M, diluted EPS $1.09 vs $1.12 in Q3 2022 and $0.94 in Q4 2021.
Net interest margin improved 32 bps to 4.34% (4.27% ex-PPP and accretion).
Organic loan growth $136.2M (8.6% annualized); deposits declined $326.8M (15.1% annualized).
Cost of deposits remained low at 0.10%; loan-to-deposit ratio rose to 77.4%.
Tangible book value per share $21.76, up from $19.92 in prior quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRICO BANCSHARES / reported the three months ended December 31, 2022 results: net income $36,343,000, EPS $1.09.

Period: the three months ended December 31, 2022
Net income: $36,343,000
EPS: $1.09
Result: reported results

Exact text from the filing

today announced net income of $36,343,000 for the quarter ended December 31, 2022, compared to $37,338,000 during the trailing quarter ended September 30, 2022, and $28,222,000 during the quarter ended December 31, 2021. Diluted earnings per share were $1.09 for the fourth quarter of 2022, compared to $1.12 for the third quarter of 2022 and $0.94 during the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRICO BANCSHARES / reported financial results for the twelve months ended December 31, 2022.

Period: the twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On January 25, 2023, TriCo Bancshares (the "Company") announced its unaudited financial results for the three and twelve month periods ended December 31, 2022.

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Source: SEC EDGAR

accession 0000356171-23-000004

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