TriCo Bancshares reported a net income of $33.7 million for the first quarter of 2026, translating to $1.04 per diluted share, marking a 27.8% increase from $26.4 million or $0.80 per diluted share in the same period last year. The company's total interest income rose to $117.8 million, up from $114.1 million year-over-year, while interest expense decreased significantly to $26.6 million from $31.5 million, resulting in a net interest income of $91.2 million, a 10.5% increase compared to the previous year. The net interest margin improved to 4.07%, up from 3.73% in the first quarter of 2025.

In terms of operational metrics, TriCo Bancshares experienced a decrease in total loans, which fell by $42.9 million or 2.4% on an annualized basis from the previous quarter, but increased by $247.4 million or 3.6% compared to the same quarter last year. Total deposits increased by $139.7 million or 6.8% annualized from the previous quarter, reaching $8.4 billion. The company’s allowance for credit losses stood at $127.9 million, representing 1.81% of total loans, slightly up from 1.77% in the previous quarter.

Strategically, TriCo Bancshares has been active in managing its capital structure, repurchasing 447,211 shares at an average price of $48.30 during the quarter. The company’s total shareholders' equity decreased slightly to $1.32 billion from $1.33 billion at the end of the previous quarter, primarily due to share repurchases and dividends paid. The book value per share increased to $41.49, up from $41.07 at the end of 2025.

Looking ahead, TriCo Bancshares remains cautiously optimistic about its growth trajectory, supported by a stable economic environment and proactive management of its loan portfolio. The company continues to monitor credit quality indicators closely, particularly in light of potential economic fluctuations. Management anticipates that ongoing improvements in agricultural commodity prices and stable water supply will positively impact its agricultural loan segment. The company is also focused on leveraging its liquidity and capital resources to support future growth initiatives while maintaining compliance with regulatory capital requirements.

About TRICO BANCSHARES /

TriCo Bancshares is a bank holding company for Tri Counties Bank, a California-based community bank offering consumer, small business, and commercial banking services. It provides deposits, loans, treasury management, and wealth management across California. The company emphasizes relationship banking, community engagement, and competitive, personalized service, operating under extensive federal and state regulations to serve diverse markets with a focus on safety, soundness, and community reinvestment.

This description was generated via AI from an annual report. Updated 8 months ago.

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