TriCo Bancshares reports Q3 EPS $1.04, consensus 91c

Reports Q3 net interest margin FTE 3.92%, an increase of 4 basis points over 3.88% in the trailing quarter. Tangible book value per share was $30.61 from $29.40 at previous quarter end. “We continue to see positive trends in a number of measures that will benefit the company in future periods, which, as demonstrated in the current quarter, led to both positive operating leverage and growth in return on equity. While we anticipate crossing the $10B threshold in 2026, our ability to execute on our long-term strategies remain our primary focus,” said Rick Smith, CEO. Peter Wiese, CFO added, “Loan production and origination activities continue to increase while balance sheet repricing remains ahead of expectations. The migration towards a steepening yield curve will likely contribute positively to net interest income expansion while management remains diligent about controlling expenses despite the persistence of an inflationary environment.”