TriCo Bancshares reported a net income of $34.0 million, or $1.04 per diluted share, for the third quarter of 2025, reflecting a 17.1% increase from $29.1 million, or $0.88 per diluted share, in the same quarter of the previous year. For the nine months ended September 30, 2025, net income reached $87.9 million, compared to $85.8 million for the same period in 2024. The company's net interest income for the third quarter was $89.6 million, up from $82.6 million year-over-year, driven by a net interest margin of 3.92%, an increase from 3.71% in the prior year.
Total assets for TriCo Bancshares increased to $9.88 billion as of September 30, 2025, compared to $9.67 billion at the end of 2024. The company's loan portfolio grew to $7.01 billion, a 4.8% increase from $6.68 billion a year earlier. Deposits also rose to $8.33 billion, up 3.7% from $8.04 billion in the previous year. However, the company experienced a slight decrease in deposits from the previous quarter, down 2.0% from $8.38 billion.
In terms of operational developments, TriCo Bancshares has focused on enhancing its loan portfolio, particularly in commercial real estate, which accounted for 68.4% of total loans as of September 30, 2025. The company reported a provision for credit losses of $0.7 million for the quarter, a decrease from $4.7 million in the previous quarter, indicating improved asset quality. The allowance for credit losses stood at $124.6 million, or 1.78% of total loans, slightly down from 1.85% in the prior year.
Strategically, the company has been active in managing its capital structure, repurchasing 521,738 shares for $21.3 million during the nine months ended September 30, 2025. The total shareholders' equity increased to $1.30 billion, up from $1.22 billion at the end of 2024. The company’s capital ratios remain strong, with a total capital ratio of 15.11%, well above the regulatory minimum of 10.5%. Looking ahead, TriCo Bancshares anticipates continued growth in its loan portfolio and net interest income, supported by a stable economic environment and effective management of its credit risk.
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.
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