secwatch.observer — SEC 8-K summary
======================================

Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000356171-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares Q1 net income $35.8M, EPS $1.07; deposits decline 3.6% QoQ
---------------------------------------------------------------------------

- Net income $35.8M vs $36.3M QoQ and $20.4M YoY; diluted EPS $1.07 vs $1.09 QoQ and $0.67 YoY.
- Net interest margin 4.21%, down 13 bps QoQ; deposit cost 0.25% (cycle-to-date beta 4.42%).
- Deposits fell $303M (-3.6% QoQ) to $8.03B; loan-to-deposit ratio rose to 80.0% from 77.4%.
- Non-PPP loans grew 10.8% YoY to $6.42B; credit quality strong with NPAs 0.20% of assets.
- Primary liquidity $4.41B (54.9% of deposits); no brokered deposits used.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617123000026/0000356171-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617123000026/tcbk-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000356171-23-000026

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