secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000356171-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares Q2 net income falls 31% QoQ to $24.9M; NIM compresses 25bp to 3.96%
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- Net income $24.9M, down 30.5% from $35.8M in Q1; diluted EPS $0.75 vs $1.07.
- Net interest margin fell 25bp to 3.96% as deposit costs rose 52bp QoQ to 0.83%.
- Provision for credit losses jumped to $9.65M from $4.2M; ACL-to-loans ratio rose to 1.80%.
- Nonperforming assets to total assets increased to 0.41% from 0.20% in Q1.
- Loans grew $98.3M (6.1% annualized); deposits increased $69.5M; no brokered deposits used.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617123000041/0000356171-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617123000041/tcbk-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000356171-23-000041

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