earnings
confidence high
sentiment neutral
materiality 0.50
TriCo Bancshares reports Q4 net income $29.0M, EPS $0.88; net interest margin expands to 3.76%
TRICO BANCSHARES /
2024-FY EPS reported
$3.46
revenue$51,330,000
- Q4 net income $29.0M ($0.88 diluted EPS), flat QoQ; up 11.3% YoY from $0.78.
- Net interest margin (FTE) 3.76%, up 5 bps QoQ from 3.71% despite three Fed rate cuts.
- Loans grew $84.6M (5.1% annualized) QoQ; deposits increased $50.5M (2.5% annualized).
- Provision for credit losses rose to $1.7M from $0.2M QoQ due to loan growth; ACL/total loans 1.85%.