earnings
confidence high
sentiment neutral
materiality 0.50
TriCo Bancshares Q3 net income $29.1M, EPS $0.88; NIM expands 3 bps to 3.71%
TRICO BANCSHARES /
2024-Q3 EPS reported
$2.58
revenue$38,215,000
- Diluted EPS of $0.88, up from $0.87 in Q2 but down from $0.92 in Q3 2023.
- Net interest margin (FTE) 3.71%, up 3 bps QoQ but down 17 bps YoY.
- Loans decreased $58.6M (3.5% annualized) from Q2; deposits down $13.1M.
- Non-performing assets to total assets rose to 0.45% from 0.36% in Q2; ACL at 1.85%.
- Tangible book value per share improved to $28.09 from $22.67 a year ago.