earnings
confidence high
sentiment neutral
materiality 0.75
TriCo Bancshares Q1 net income $27.7M ($0.83 EPS); deposits grow 7.8% annualized
TRICO BANCSHARES /
2024-Q1 EPS reported
$0.83
revenue$12,637,000
- Net income of $27.7M vs $26.1M in prior quarter; diluted EPS $0.83 vs $0.78.
- Total deposits increased $153.6M (7.8% annualized) to $7.99B; loan-to-deposit ratio 85.1%.
- Net interest margin narrowed 13 bps to 3.68%; efficiency ratio improved to 57.36%.
- Non-performing loans rose to $34.2M (0.37% of assets) from $31.9M; ACL at 1.83% of loans.
- Quarterly dividend raised to $0.33/share from $0.30, a 10% increase.