Trico Bancshares ( (TCBK) ) has released its Q1 earnings. Here is a breakdown of the information Trico Bancshares presented to its investors.
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TriCo Bancshares is a financial institution based in Chico, California, operating in the banking sector, providing a range of consumer, small business, and commercial banking services. In its first quarter of 2025, TriCo Bancshares reported a net income of $26.4 million, translating to $0.80 per diluted share, a slight decline from the previous quarter’s $29.0 million. The company’s net interest margin decreased slightly to 3.73%, while loan and deposit balances saw annualized increases of 3.1% and 5.8%, respectively. Despite a challenging economic environment, TriCo Bancshares maintained a strong performance in loan origination and deposit growth, with a notable increase in non-interest-bearing deposits. The provision for credit losses rose to $3.7 million, reflecting an increase in reserves for individually evaluated loans. Looking ahead, TriCo Bancshares remains focused on expanding its core business activities, with expectations of incremental increases in earning asset yields and reductions in funding costs, despite the volatility in interest rates.