Latest Ratios: P/E Ratio 13.9x · EV/EBITDA 8.6x · ROE 9.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.5B | $1.5B | $1.4B | $1.7B | $1.3B | $1.0B | $1.3B | $1.0B | $880M | $789M |
| Enterprise Value | $1.6B | $1.5B | $1.5B | $2.1B | $2.0B | $700M | $519M | $1.1B | $889M | $871M | $575M |
| P/E Ratio → | 13.87 | 12.77 | 12.59 | 12.21 | 13.31 | 10.90 | 16.33 | 13.60 | 13.30 | 21.76 | 17.62 |
| P/S Ratio | 4.00 | 3.74 | 3.74 | 3.49 | 4.23 | 3.90 | 3.41 | 4.10 | 3.96 | 4.03 | 3.80 |
| P/B Ratio | 1.26 | 1.16 | 1.19 | 1.24 | 1.62 | 1.28 | 1.13 | 1.38 | 1.24 | 1.74 | 1.65 |
| P/FCF | 12.93 | 12.08 | 13.81 | 10.70 | 10.67 | 9.95 | 9.36 | 12.69 | 12.29 | 21.89 | 21.16 |
| P/OCF | 12.41 | 11.60 | 13.24 | 10.32 | 10.43 | 9.71 | 9.14 | 12.16 | 11.29 | 15.89 | 16.36 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.55 | 3.92 | 5.18 | 5.06 | 2.12 | 1.69 | 3.59 | 3.43 | 3.98 | 2.77 |
| EV / EBITDA | 8.63 | 8.04 | 8.90 | 11.84 | 10.58 | 3.87 | 4.94 | 7.61 | 8.56 | 10.17 | 7.16 |
| EV / EBIT | 9.32 | 8.68 | 9.82 | 13.23 | 11.70 | 4.28 | 5.93 | 8.63 | 9.52 | 11.22 | 7.93 |
| EV / FCF | — | 11.48 | 14.49 | 15.89 | 12.78 | 5.42 | 4.63 | 11.12 | 10.63 | 21.66 | 15.42 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.9% | 75.9% | 72.9% | 78.6% | 93.2% | 100.4% | 83.5% | 95.7% | 94.3% | 97.0% | 100.1% |
| Operating Margin | 31.7% | 31.7% | 29.6% | 32.7% | 42.2% | 48.9% | 27.5% | 39.5% | 34.3% | 34.2% | 34.0% |
| Net Profit Margin | 22.8% | 22.8% | 21.9% | 23.8% | 30.4% | 35.1% | 20.4% | 28.7% | 25.1% | 17.9% | 21.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 9.7% | 10.6% | 12.3% | 12.2% | 7.1% | 10.6% | 10.2% | 8.2% | 9.6% |
| ROA | 1.2% | 1.2% | 1.2% | 1.2% | 1.4% | 1.4% | 0.9% | 1.4% | 1.2% | 0.9% | 1.0% |
| ROIC | 8.9% | 8.9% | 6.9% | 7.0% | 9.8% | 10.9% | 6.3% | 9.8% | 8.7% | 9.1% | 10.0% |
| ROCE | 10.8% | 10.8% | 8.6% | 9.0% | 12.7% | 14.2% | 8.0% | 12.4% | 11.0% | 11.7% | 12.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.18 | 0.69 | 0.42 | 0.18 | 0.15 | 0.13 | 0.11 | 0.39 | 0.19 |
| Debt / EBITDA | 0.44 | 0.44 | 1.26 | 4.42 | 2.30 | 1.02 | 1.33 | 0.84 | 0.85 | 2.29 | 1.14 |
| Net Debt / Equity | — | -0.06 | 0.06 | 0.60 | 0.32 | -0.58 | -0.57 | -0.17 | -0.17 | -0.02 | -0.45 |
| Net Debt / EBITDA | -0.42 | -0.42 | 0.42 | 3.87 | 1.74 | -3.23 | -5.05 | -1.07 | -1.34 | -0.10 | -2.66 |
| Debt / FCF | — | -0.60 | 0.68 | 5.19 | 2.11 | -4.53 | -4.73 | -1.57 | -1.66 | -0.22 | -5.74 |
| Interest Coverage | 1.41 | 1.41 | 1.15 | 1.97 | 18.25 | 29.72 | 9.24 | 8.25 | 7.25 | 11.42 | 12.68 |
Net cash position: cash ($157M) exceeds total debt ($80M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.02 | 0.29 | 0.31 | 0.40 | 0.32 | 0.23 | 0.25 | 0.24 | 0.22 |
| Quick Ratio | 0.02 | 0.02 | 0.02 | 0.29 | 0.31 | 0.40 | 0.32 | 0.23 | 0.25 | 0.24 | 0.22 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.10 | 0.10 | 0.05 | 0.04 | 0.05 | 0.08 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 2.9% | 3.0% | 2.8% | 2.1% | 2.3% | 2.5% | 2.0% | 1.8% | 1.7% | 1.7% |
| Payout Ratio | 37.0% | 37.0% | 38.0% | 34.0% | 28.5% | 25.3% | 40.6% | 27.2% | 27.5% | 37.3% | 30.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 7.8% | 7.9% | 8.2% | 7.5% | 9.2% | 6.1% | 7.4% | 7.5% | 4.6% | 5.7% |
| FCF Yield | 7.7% | 8.3% | 7.2% | 9.3% | 9.4% | 10.0% | 10.7% | 7.9% | 8.1% | 4.6% | 4.7% |
| Buyback Yield | 1.9% | 2.1% | 1.1% | 0.6% | 1.6% | 0.3% | 2.5% | 0.2% | 0.2% | 0.2% | 0.2% |
| Total Shareholder Yield | 4.6% | 5.0% | 4.1% | 3.4% | 3.7% | 2.7% | 5.1% | 2.2% | 2.1% | 1.9% | 2.0% |
| Shares Outstanding | — | $33M | $33M | $33M | $33M | $30M | $30M | $31M | $30M | $23M | $23M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying TCBK stock.
TriCo Bancshares's current P/E ratio is 13.9x. The historical average is 20.2x. This places it at the 40th percentile of its historical range.
TriCo Bancshares's current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
TriCo Bancshares's return on equity (ROE) is 9.5%. The historical average is 11.2%.
Based on historical data, TriCo Bancshares is trading at a P/E of 13.9x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TriCo Bancshares's current dividend yield is 2.68% with a payout ratio of 37.0%.
TriCo Bancshares has 75.9% gross margin and 31.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
TriCo Bancshares's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
CRE concentration and deposit mix shift
Metrics are mathematically derived from official filings.
Premium Priced for Deposit Franchise
TCBK trades at 1.35x book and 14.84x trailing earnings, a premium to peers like WAFD (0.97x) but below FFIN (2.56x), according to current market data, suggesting the market values its sticky deposit base.
The P/B multiple implies the market expects a return on tangible equity above the cost of equity, supported by TCBK's low-cost funding advantage. However, the premium relative to WAFD may reflect expectations of continued growth through acquisitions, which carries integration risk. The forward P/E of 13.00 suggests modest earnings growth expectations, consistent with the muted revenue trajectory.
ROE Stable but Leverage-Limited
ROE has held near 2.5% over the past year, as reported in quarterly data, with ROA at 0.3% and equity-to-assets at 0.14, indicating a stable but low-return profile typical of a conservatively capitalized regional bank.
The DuPont decomposition shows that the low ROE is driven by a thin net interest margin of 0.9% and modest asset utilization, partially offset by a reasonable efficiency ratio around 44%. The equity-to-assets ratio of 14% is higher than many peers, which limits leverage but provides a buffer. Fee income contributes only 12% of revenue, underscoring the reliance on net interest income.
NIM Flat, Efficiency Creeps Up
Net interest margin remained at 0.9% in 2026Q2, unchanged from prior quarters, while the efficiency ratio rose to 44.5% from 43.8% in 2026Q1, as per financial statements, indicating slight cost pressure.
The stable NIM masks a shift in deposit mix from non-interest-bearing to interest-bearing accounts, which may compress margins if funding costs rise faster than asset yields. The efficiency ratio uptick suggests operating expenses are growing slightly faster than revenue, possibly due to wage inflation in California. Investors should monitor whether the bank can maintain its low-cost deposit base amid intensifying competition for deposits.
Capital Ratios Provide Modest Buffer
Equity-to-assets held at 0.14 in 2026Q2, unchanged from prior quarters, as reported in balance sheet data, indicating a stable capital position with a modest buffer above regulatory minimums.
While specific CET1 and Tier 1 ratios are not disclosed in the provided data, the equity-to-assets ratio of 14% suggests a conservative capital posture. This provides capacity for continued dividend payments and opportunistic buybacks, as seen in 2026Q1. However, the lack of disclosed regulatory ratios limits a full assessment of capital adequacy relative to peers.
Credit Quality Stable, Provisions Low
Loan loss provisions fell to $2.7M in 2026Q2 from $4.7M a year earlier, as per income statement data, while charge-offs remained minimal, indicating stable credit conditions.
The decline in provisions suggests improving credit quality, but the increase in CRE concentration from the Valley Republic acquisition warrants monitoring. The low provision levels may indicate that reserves are adequate for current conditions, but a downturn in California agriculture or CRE could require higher provisions. The absence of detailed NPL data limits a deeper assessment.
Premium to Peers, Discount to FFIN
TCBK's P/B of 1.35x is above CVBF (1.33x) and BANR (1.27x) but below FFIN (2.56x), as per peer data, reflecting its strong deposit franchise but lower growth expectations.
The valuation gap versus FFIN may be explained by FFIN's higher ROE (14.2%) and lower leverage, while TCBK's ROE is below 3%. TCBK's efficiency ratio is competitive, but its net margin of 22.8% lags CVBF's 32.5%, suggesting less operating leverage. The premium to WAFD may be justified by TCBK's more stable deposit base, but the market may be pricing in geographic concentration risk.
P/E Misleads Due to Provision Volatility
The P/E ratio is commonly misapplied to banks like TCBK because provisions can distort earnings, as seen in the recent provision decline, making P/B a more reliable valuation metric.
Earnings per share can be volatile due to changes in loan loss provisions, which are influenced by management judgment under CECL. The missing EPS disclosure in the latest quarter further complicates P/E analysis. Investors should focus on P/TBV and ROTCE, which better capture the bank's underlying profitability and capital efficiency. Adjusting for purchase accounting and one-time items is also essential for a clean comparison.