TriCo Bancshares (TCBK) 10-Year Financial Performance & Capital Metrics

TCBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutTriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans. In addition, the company offers treasury management services; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. It operates 61 traditional branches, 7 in-store branches, and 7 loan production offices in 31 counties throughout California. The company was founded in 1975 and is headquartered in Chico, California.Show more

Net Interest Income $330M -7.2%
Total Revenue $524M +6.3%
Net Income $115M -2.1%
Return on Equity 9.65% -9.3%
Net Interest Margin 3.41% -4.9%
Efficiency Ratio 43.33% -5.6%
ROA 1.17% -0.9%
Equity / Assets 12.62% +7.9%
Book Value per Share 36.74 +5.7%
Tangible BV/Share 27.39 +8.1%
Debt/Equity 0.18 -74.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.3% efficiency ratio
✓Well capitalized: 12.6% equity/assets
✓Healthy dividend yield of 2.6%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.13%

5Y10.31%

3Y16.09%

TTM-

Profit (Net Income) CAGR

10Y15.97%

5Y4.52%

3Y-0.8%

TTM4.51%

EPS CAGR

10Y9.04%

5Y2.95%

3Y-4.15%

TTM5.95%

ROCE

10Y Avg11.3%

5Y Avg10.48%

3Y Avg10.07%

Latest8.59%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	153.88M	165.81M	173.28M	213.64M	255.78M	256.69M	270.55M	344.84M	355.38M	329.91M
NII Growth %	0.33%	0.08%	0.05%	0.23%	0.2%	0%	0.05%	0.27%	0.03%	-0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	159.3M	171.53M	181.4M	226.51M	271.16M	266.38M	276.06M	354.67M	437.06M	465.12M
Interest Expense	5.42M	5.72M	6.8M	12.87M	15.38M	9.46M	5.51M	9.53M	81.68M	135.2M
Loan Loss Provision	-2.21M	-5.97M	89K	2.58M	-1.69M	42.81M	-6.78M	18.47M	23.99M	6.63M
Non-Interest Income+	43.27M	41.74M	45.41M	45.9M	49.6M	50.8M	58.85M	57.38M	55.75M	58.85M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	202.57M	213.27M	226.81M	272.42M	320.76M	317.18M	334.9M	412.05M	492.81M	523.97M
Revenue Growth %	0.33%	0.05%	0.06%	0.2%	0.18%	-0.01%	0.06%	0.23%	0.2%	0.06%
Non-Interest Expense	126.65M	141M	142.41M	163.61M	180.26M	177.56M	172.47M	210.14M	226.24M	227.03M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	72.71M	72.52M	77.51M	93.35M	126.82M	87.35M	163.7M	173.91M	160.93M	155.12M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.63%	-0%	0.07%	0.2%	0.36%	-0.31%	0.87%	0.06%	-0.07%	-0.04%
Pretax Income+	72.71M	72.52M	77.51M	93.35M	126.82M	87.35M	163.7M	173.91M	160.91M	155.1M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	28.9M	27.71M	36.96M	25.03M	34.75M	22.54M	46.05M	48.49M	43.52M	40.24M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	43.82M	44.81M	40.55M	68.32M	92.07M	64.81M	117.66M	125.42M	117.39M	114.87M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.68%	0.02%	-0.09%	0.68%	0.35%	-0.3%	0.82%	0.07%	-0.06%	-0.02%
Net Income (Continuing)	43.82M	44.81M	40.55M	68.32M	92.07M	64.81M	117.66M	125.42M	117.39M	114.87M
EPS (Diluted)+	1.91	1.94	1.74	2.54	3.00	2.16	3.94	3.83	3.52	3.47
EPS Growth %	0.31%	0.02%	-0.1%	0.46%	0.18%	-0.28%	0.82%	-0.03%	-0.08%	-0.01%
EPS (Basic)	1.93	1.96	1.77	2.57	3.02	2.17	3.96	3.85	3.53	3.48
Diluted Shares Outstanding	23M	23.09M	23.25M	30.42M	30.64M	29.73M	29.88M	33.33M	33.35M	33.23M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	303.46M	305.61M	205.43M	227.53M	276.51M	669.55M	768.42M	107.23M	98.7M	144.96M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.63B	3.91B	4.24B	5.56B	5.61B	6.38B	7.24B	8.95B	8.95B	8.66B
Investments Growth %	0.2%	0.08%	0.08%	0.31%	0.01%	0.14%	0.14%	0.24%	-0%	-0.03%
Long-Term Investments	3.22B	3.36B	3.51B	4.44B	4.66B	4.96B	5.03B	6.5B	6.8B	8.65B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	63.46M	64.31M	64.31M	220.97M	220.87M	220.87M	220.87M	304.44M	304.44M	304.44M
Intangible Assets	14.8M	15.2M	11.86M	29.28M	23.56M	17.83M	12.37M	16.67M	10.55M	6.43M
PP&E (Net)	43.81M	48.41M	57.74M	89.35M	114.97M	111.58M	104.35M	99.19M	97.48M	93.82M
Other Assets	118.77M	118.67M	142.45M	209.93M	205.66M	220.29M	244.13M	408.97M	400.11M	426.05M
Total Current Assets	719.13M	879.5M	950.08M	1.36B	1.25B	2.1B	3B	2.6B	2.3B	194.41M
Total Non-Current Assets	3.5B	3.64B	3.81B	4.99B	5.22B	5.53B	5.61B	7.33B	7.61B	9.48B
Total Assets+	4.22B	4.52B	4.76B	6.35B	6.47B	7.64B	8.61B	9.93B	9.91B	9.67B
Asset Growth %	0.08%	0.07%	0.05%	0.33%	0.02%	0.18%	0.13%	0.15%	-0%	-0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	774K	818K	930K	2M	2.41M	1.36M	928K	1.17M	8.45M	11.5M
Total Debt+	68.8M	91.65M	196.46M	88.72M	121.68M	139.44M	184.53M	442.55M	794.52M	216.24M
Net Debt	-234.66M	-213.96M	-8.97M	-138.81M	-154.83M	-530.12M	-583.89M	335.32M	695.82M	71.28M
Long-Term Debt	68.8M	74.16M	179.02M	72.88M	75.69M	84.55M	108.17M	365.64M	733.68M	190.8M
Short-Term Debt	0	17.49M	17.44M	15.84M	18.45M	26.91M	50.09M	47.91M	32.58M	0
Other Liabilities	60.8M	44.01M	41.14M	67.89M	73.53M	67.68M	61.98M	111.84M	113.4M	137.51M
Total Current Liabilities	3.64B	3.92B	4.03B	5.38B	5.39B	6.53B	7.42B	8.38B	7.88B	8.1B
Total Non-Current Liabilities	130.68M	118.9M	221.39M	140.77M	176.76M	180.21M	196.43M	506.49M	875.34M	353.74M
Total Liabilities	3.77B	4.04B	4.26B	5.53B	5.56B	6.71B	7.61B	8.88B	8.75B	8.45B
Total Equity+	452.12M	477.35M	505.81M	827.37M	906.57M	925.11M	1B	1.05B	1.16B	1.22B
Equity Growth %	0.08%	0.06%	0.06%	0.64%	0.1%	0.02%	0.08%	0.05%	0.11%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.08%	0.1%	0.11%	0.07%	0.12%	0.12%	0.11%	0.1%
Book Value per Share	19.66	20.68	21.76	27.20	29.58	31.12	33.47	31.39	34.77	36.74
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	247.59M	252.82M	255.84M	541.76M	544M	530.84M	532.24M	697.45M	697.35M	693.46M
Additional Paid-in Capital	247.59M	252.82M	255.84M	541.76M	0	0	0	0	0	0
Retained Earnings	206.31M	232.44M	255.2M	303.49M	367.79M	382M	466.96M	542.87M	615.5M	679.91M
Accumulated OCI	-249.37M	-260.73M	-261.06M	-559.64M	-5.22M	12.28M	981K	-193.91M	-153.17M	-152.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	54.82M	48.23M	55.38M	91.07M	102.81M	114.8M	132.21M	162.9M	138.89M	109.71M
Operating CF Growth %	1%	-0.12%	0.15%	0.64%	0.13%	0.12%	0.15%	0.23%	-0.15%	-0.21%
Net Income	43.82M	44.81M	40.55M	68.32M	92.07M	64.81M	117.66M	125.42M	117.39M	114.87M
Depreciation & Amortization	7.06M	7.85M	8.18M	10.51M	17.23M	17.57M	17.28M	18.38M	18.85M	16.07M
Deferred Taxes	749K	3.04M	12.47M	2.6M	1.69M	-14.15M	-936K	-8.02M	-2.4M	-646K
Other Non-Cash Items	-587K	-3.6M	-2.58M	2.62M	-9.61M	37.1M	-7.09M	15.62M	17.2M	-1.93M
Working Capital Changes	2.4M	-5.34M	-4.83M	5.56M	-228K	7.43M	2.66M	7.63M	-16.28M	-23.32M
Cash from Investing+	-604.31M	-139.39M	-357.44M	-142M	-29.79M	-816.33M	-883.81M	-723.22M	28.57M	285M
Purchase of Investments	-487.4M	-247.72M	-265.81M	-436.68M	-37.25M	-617.55M	-1.19B	-699.03M	-34.47M	-187.76M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	156.32M	0	30.61M	0	0	0	426.88M	0	0
Other Investing	-238.76M	-230.41M	-252.54M	-163.8M	-281.65M	-453.57M	-145.49M	-753.68M	-352.1M	22.98M
Cash from Financing+	242.23M	93.32M	201.88M	73.04M	-24.04M	1.09B	850.47M	-100.86M	-175.98M	-348.45M
Dividends Paid	-11.85M	-13.7M	-15.13M	-18.77M	-25M	-26.3M	-29.72M	-35.8M	-39.9M	-43.65M
Share Repurchases	-412K	-1.89M	-1.63M	-2.48M	-2.2M	-26.72M	-4.34M	-27.15M	-9.24M	-15.54M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	251.44M	103.74M	113.97M	365.62M	537K	1.14B	861.37M	-252.44M	-494.82M	253.71M
Net Change in Cash+	-307.27M	2.15M	-100.18M	22.11M	48.97M	393.04M	98.87M	-661.19M	-8.53M	46.26M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	610.73M	303.46M	305.61M	205.43M	227.53M	276.51M	669.55M	768.42M	107.23M	98.7M
Cash at End	303.46M	305.61M	205.43M	227.53M	276.51M	669.55M	768.42M	107.23M	98.7M	144.96M
Interest Paid	5.62M	5.68M	5.61M	11.8M	14.96M	10.5M	5.94M	9.29M	74.4M	132.15M
Income Taxes Paid	24.32M	27.57M	21.17M	14.53M	35.05M	29.5M	46.3M	41M	45.3M	33.7M
Free Cash Flow+	49.33M	37.3M	40.22M	83.63M	98.51M	111.99M	129.01M	159.27M	134M	105.15M
FCF Growth %	1.17%	-0.24%	0.08%	1.08%	0.18%	0.14%	0.15%	0.23%	-0.16%	-0.22%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.07%	9.64%	8.25%	10.25%	10.62%	7.08%	12.22%	12.26%	10.64%	9.65%
Return on Assets (ROA)	1.08%	1.03%	0.87%	1.23%	1.44%	0.92%	1.45%	1.35%	1.18%	1.17%
Net Interest Margin	3.65%	3.67%	3.64%	3.36%	3.95%	3.36%	3.14%	3.47%	3.59%	3.41%
Efficiency Ratio	62.52%	66.11%	62.79%	60.06%	56.2%	55.98%	51.5%	51%	45.91%	43.33%
Equity / Assets	10.71%	10.57%	10.62%	13.02%	14.01%	12.11%	11.61%	10.54%	11.7%	12.62%
Book Value / Share	19.66	20.68	21.76	27.2	29.58	31.12	33.47	31.39	34.77	36.74
NII Growth	33.12%	7.75%	4.51%	23.29%	19.73%	0.36%	5.4%	27.46%	3.06%	-7.17%
Dividend Payout	27.04%	30.56%	37.31%	27.47%	27.15%	40.58%	25.26%	28.54%	33.99%	38%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Credit and Debit Card	18.25M	20.64M	21.66M	25.36M	26.77M	26.46M	25.32M
Credit and Debit Card Growth	-	13.10%	4.95%	17.06%	5.56%	-1.15%	-4.31%
Deposit Account	15.47M	16.66M	13.94M	14.01M	16.54M	17.59M	19.45M
Deposit Account Growth	-	7.69%	-16.29%	0.49%	18.00%	6.40%	10.55%
Financial Service, Other	2.85M	3.02M	3.16M	3.57M	4.27M	4.73M	5.3M
Financial Service, Other Growth	-	5.72%	4.68%	13.12%	19.72%	10.72%	12.02%
Mortgage Banking	2.04M	1.92M	1.85M	1.88M	1.89M	1.81M	1.74M
Mortgage Banking Growth	-	-5.94%	-3.23%	1.40%	0.32%	-4.19%	-3.82%
Excess Mortgage Servicing Rights	-146K	-1.81M	-2.63M	-872K	301K	-506K	-480K
Excess Mortgage Servicing Rights Growth	-	-1140.41%	-45.44%	66.89%	134.52%	-268.11%	5.14%

Frequently Asked Questions

Valuation & Price

TriCo Bancshares (TCBK) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

TriCo Bancshares (TCBK) grew revenue by 6.3% over the past year. This is steady growth.

Yes, TriCo Bancshares (TCBK) is profitable, generating $117.0M in net income for fiscal year 2024 (21.9% net margin).

Dividend & Returns

Yes, TriCo Bancshares (TCBK) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.

TriCo Bancshares (TCBK) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics

TriCo Bancshares (TCBK) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

TriCo Bancshares (TCBK) has an efficiency ratio of 43.3%. This is excellent, indicating strong cost control.

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