TriCo Bancshares reports Q1 EPS 80c, consensus 78c

Reports Q1 tangible book value per share $28.73. Reports Q1 CET1 capital ratio 13.3%. “Our first quarter results demonstrate our continued efforts to remain focused on the core business activities of adding customers, growing deposits and originating loans. While normally a seasonally slow lending and deposit quarter, both activities were solid despite a volatile economic environment. In addition, we are proud to announce that we have completed our most recent Community Reinvestment Act examination resulting in a rating of Outstanding,” said Rick Smith, President and CEO.