Trico Bancshares (TCBK) AI Stock Analysis

• Market Cap: $1.37B
• Dividend Yield: 3.16%
• Average Volume (3M): 105.75K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.90
• Revenue Growth: 3.01%
• EPS Growth: 4.55%
• Country: US
• Employees: 1,194
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.80
• Shares Outstanding: 32,858,444
• 10 Day Avg. Volume: 130,363
• 30 Day Avg. Volume: 105,747
• PEG Ratio: -13.11
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.34
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 0.57
• Enterprise Value/Gross Profit: 3.12
• Enterprise Value/Ebitda: 1.75
• 1Y Price Target: $44.00
• Price Target Upside: 3.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: $44.00 ▲(3.72%Upside)

Trico Bancshares' strong financial performance and commitment to dividends are key strengths, providing a solid foundation for stability. Technical analysis indicates a stable stock performance, though momentum is weak. Valuation metrics suggest moderate growth potential, while corporate events reinforce shareholder value.

Positive Factors

Performance

The shares deserve a premium valuation based on premium performance.

Valuation

The stock trades at a premium due to superior profitability metrics and clean credit history.

Negative Factors

Growth

Loan and NII growth projections for TCBK are below median projections and significantly lower than high growth peers.

M&A Activity

A return to M&A deals could serve as an overhang, as TCBK stock has historically underperformed following deal announcements.

Market Positioning

TCBK is not a meaningful positive outlier in rate sensitivity or growth profile compared to peers.

Trico Bancshares Business Overview & Revenue Model

Company Description

TriCo 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.

How the Company Makes Money

TriCo Bancshares primarily generates revenue through the interest income it earns from its loan portfolio, which includes consumer loans, commercial loans, and real estate loans. The bank's net interest income, which is the difference between interest earned on loans and the interest paid on deposits, is a significant revenue stream. Additionally, TriCo Bancshares earns non-interest income from various sources such as fees from deposit services, mortgage banking, and investment services. The bank's earnings are further supported by strategic partnerships and a strong focus on customer service, which helps to maintain and grow its customer base in competitive markets.

Trico Bancshares Financial Statement Overview

Summary

Trico Bancshares exhibits strong revenue growth and solid equity health, reflecting a stable financial foundation. While operational efficiency remains strong, the decline in net income and cash flow ratios suggest areas for improvement. The company's lack of leverage is a key strength, providing financial flexibility. However, liquidity management and cash flow conversion are potential areas of risk.

Income Statement

Trico Bancshares demonstrated a strong revenue growth of 18.42% from 2023 to 2024, reflecting its expanding business. The company maintained a stable gross profit margin at 100%, typical for the banking industry. However, the decline in net income from 2023 to 2024 indicates potential cost pressures or non-operational factors impacting profitability. The EBIT margin of 40.85% in 2023 shows strong operational efficiency before interest and tax considerations.

Balance Sheet

The company shows a solid equity position with a debt-to-equity ratio of 0.00 in 2024, indicating no leverage risk. Return on Equity (ROE) was 9.41% for 2024, suggesting efficient use of equity to generate profits. The equity ratio was 12.62%, underscoring a strong asset base funded by equity. The decrease in cash and short-term investments raises concerns about liquidity management.

Cash Flow

Operating cash flow in 2024 was robust at $109.7 million, but showed a decrease from the previous year, suggesting challenges in cash generation. The free cash flow remained stable, but the ratio of operating cash flow to net income was below 1, indicating that net income is not fully translating into cash. The negative investing cash flow highlights ongoing investments in the business, while the negative financing cash flow suggests debt repayment or shareholder distributions.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	522.70M	523.97M	492.81M	412.05M	333.72M	317.18M
Gross Profit	382.59M	382.13M	387.14M	384.05M	336.17M	264.91M
EBITDA	168.25M	171.17M	179.75M	192.29M	180.98M	104.99M
Net Income	113.48M	114.87M	117.39M	125.42M	117.66M	64.81M
Balance Sheet
Total Assets	9.82B	9.67B	9.91B	9.93B	8.61B	7.64B
Cash, Cash Equivalents and Short-Term Investments	2.16B	152.79M	2.25B	2.56B	2.98B	2.08B
Total Debt	217.59M	216.24M	794.52M	442.55M	184.53M	139.44M
Total Liabilities	8.56B	8.45B	8.75B	8.88B	7.61B	6.71B
Stockholders Equity	1.26B	1.22B	1.16B	1.05B	1.00B	925.11M
Cash Flow
Free Cash Flow	103.92M	105.15M	134.00M	159.27M	129.01M	111.99M
Operating Cash Flow	109.14M	109.71M	138.89M	162.90M	132.21M	114.80M
Investing Cash Flow	259.63M	285.00M	28.57M	-723.22M	-883.81M	-816.33M
Financing Cash Flow	-142.65M	-348.45M	-175.98M	-100.86M	850.47M	1.09B

Trico Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TCBK, the sentiment is Positive. The current price of 42.42 is above the 20-day moving average (MA) of 40.12, above the 50-day MA of 39.69, and above the 200-day MA of 41.94, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 62.07 is Neutral, neither overbought nor oversold. The STOCH value of 79.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TCBK.

Trico Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STBA	77 Outperform	$1.50B	11.26	9.84%	3.48%	1.26%	-1.92%
WABC	76 Outperform	$1.32B	10.06	15.54%	3.66%	-7.38%	-15.58%
VBTX	76 Outperform	$1.46B	13.18	7.07%	3.28%	1.41%	19.00%
TCBK	70 Outperform	$1.37B	12.22	9.38%	3.16%	3.01%	4.55%
HOPE	70 Outperform	$1.43B	14.25	4.44%	5.02%	-11.94%	-21.67%
Sector *	67 Neutral	$16.86B	11.64	9.71%	3.83%	11.61%	-9.60%
TFIN	65 Neutral	$1.45B	171.04	1.35%	―	2.37%	-72.01%

Trico Bancshares Corporate Events

TriCo Bancshares Elects New Board Leadership

On May 22, 2025, TriCo Bancshares held its annual meeting of shareholders, where 84.56% of the total outstanding shares were represented. During the meeting, all 11 nominees were elected to the Board of Directors, executive compensation was approved on a nonbinding basis, and Moss Adams LLP was ratified as the principal independent auditor for 2025. Following the meeting, Richard P. Smith was elected as Chairman of the Board, and Cory W. Giese was elected as Lead Independent Director.

The most recent analyst rating on (TCBK) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Trico Bancshares stock, see the TCBK Stock Forecast page.

TriCo Bancshares Declares Quarterly Cash Dividend

On May 22, 2025, TriCo Bancshares announced a quarterly cash dividend of $0.33 per share, payable on June 20, 2025, to shareholders of record as of June 6, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and underscores its financial stability and strategic positioning within the banking industry.

The most recent analyst rating on (TCBK) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Trico Bancshares stock, see the TCBK Stock Forecast page.

TriCo Bancshares Reports Q1 2025 Financial Results

TriCo Bancshares reported a net income of $26.4 million for the first quarter of 2025, with a diluted EPS of $0.80, reflecting a decrease from the previous quarter. Despite a challenging economic environment, the company saw growth in loan and deposit balances, although net interest margin and income slightly contracted due to fluctuating interest rates. The company’s focus remains on core business activities, and it anticipates further improvements in earning asset yields and funding costs.