TriCo Bancshares reported its financial results for the second quarter of 2025, revealing a net income of $27.5 million, or $0.84 per diluted share, compared to $29.0 million, or $0.88 per diluted share, in the same quarter of the previous year. The company's net interest income for the quarter was $86.5 million, reflecting a 5.5% increase from $81.9 million in the prior year. The net interest margin improved to 3.88%, up from 3.68% a year earlier, driven by a decrease in interest expense on deposits and an increase in loan yields.
Total assets as of June 30, 2025, reached $9.9 billion, a 2.0% increase from $9.7 billion at the end of 2024. The company's loan portfolio grew to $7.0 billion, marking a 3.2% increase year-over-year. Deposits also saw a significant rise, totaling $8.4 billion, up 4.0% from the previous year. The increase in deposits was primarily attributed to growth in non-interest-bearing and savings accounts, which accounted for 30.6% of total deposits.
In terms of operational metrics, TriCo Bancshares reported a provision for credit losses of $4.7 million for the quarter, up from $0.4 million in the same quarter last year. The allowance for credit losses stood at 1.79% of total loans, a slight decrease from 1.85% at the end of 2024. Non-performing assets increased to $67.5 million, representing 0.68% of total assets, compared to 0.59% in the previous quarter. The company continues to monitor its loan portfolio closely, particularly in the commercial real estate sector, which has shown some signs of stress.
Strategically, TriCo Bancshares has been active in managing its capital structure, repurchasing approximately 470,000 shares of common stock during the first half of 2025, with a total market value of $18.9 million. The company’s capital ratios remain strong, with a total risk-based capital ratio of 15.55%, well above the regulatory minimum of 10.5%. Looking ahead, management remains optimistic about the economic environment, anticipating continued loan growth and stable credit quality, although they acknowledge potential risks from macroeconomic factors and geopolitical uncertainties.
About TRICO BANCSHARES /
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.