earnings
confidence high
sentiment positive
materiality 0.75
TriCo Bancshares Q2 net income $34.2M, EPS $1.06, up 24% YoY; loan growth 13.7% annualized
TRICO BANCSHARES /
- Net income $34.2M ($1.06 diluted EPS) vs $33.7M ($1.04) prior quarter and $27.5M ($0.84) YoY.
- Net interest income (FTE) $93.9M, NIM 4.11% (+4 bps QoQ); loan balances up $242.9M (13.7% annualized).
- Deposit balances down $34.8M (1.7% annualized); one-way sell deposits $68.8M at quarter end.
- Efficiency ratio 56.25% vs 54.55% prior quarter, including $0.9M merger-related expenses.
- Provision for credit losses $2.7M vs $3.3M prior quarter; ACL 1.78% of loans.