secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000356171-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TCBK Q4 net income $26.1M ($0.78 EPS) down 15% QoQ; NIM narrows to 3.81%
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- Net income $26.1M vs $30.6M QoQ and $36.3M YoY; diluted EPS $0.78 vs $0.92 QoQ and $1.09 YoY.
- Net interest margin 3.81% vs 3.88% QoQ and 4.34% YoY; management expects inflection by mid-2024.
- Provision for credit losses $6.0M vs $4.2M QoQ; ACL to loans 1.79% vs 1.73% prior quarter.
- Loan growth 5.3% YoY to $6.8B; deposits down 5.9% YoY; loan-to-deposit ratio 86.7%.
- Efficiency ratio 58.71% vs 55.59% QoQ; noninterest expense up 4.1% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617124000003/0000356171-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617124000003/tcbk-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000356171-24-000003

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