secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000356171-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares Q2 net income $29.0M, EPS $0.87; deposits up 3.1% annualized
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- Net income of $29.0M ($0.87 diluted EPS) vs $27.7M ($0.83) in Q1 2024 and $24.9M ($0.75) in Q2 2023.
- Net interest margin (FTE) held at 3.68%, unchanged from Q1; net interest income $82.0M, down 0.9% QoQ.
- Deposits rose $62.6M (3.1% annualized) to $8.05B; loan-to-deposit ratio improved to 83.8% from 85.1%.
- Provision for credit losses was $0.4M, down sharply from $4.3M in Q1; ACL ratio stable at 1.83%.
- Tangible book value per share grew to $26.13 from $23.30 a year ago; $0.33 quarterly dividend declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617124000100/0000356171-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617124000100/tcbk-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000356171-24-000100

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