TRICO BANCSHARES / TCBK
TriCo Bancshares is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). TriCo's principal business is to serve as the holding company for our wholly-owned subsidiary, Tri Counties Bank, a California-chartered commercial bank (the "Bank"). TriCo is a California corporation and was incorporated in 1981. Our common stock is traded on the Nasdaq Global Select Market under the trading symbol "TCBK". The Company and the Bank are headquartered in Chico, California.
As a bank holding company, TriCo is subject to the supervision of the Board of Governors of the Federal Reserve System (the "FRB") under the BHC Act. The Bank is subject to the supervision of the California Department of Financial Protection & Innovation (the "DFPI") and the Federal Deposit Insurance Corporation (the "FDIC"). See "Regulation and Supervision."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.4M | $51.3M | $50.1M | $49.8M | $43.9M | $38.0M | $40.4M | $38.5M | $37.4M | $33.2M |
| Interest expense | $350.8M | $331.4M | $356.7M | $346.0M | $5.5M | $9.5M | $15.4M | $12.9M | $6.8M | $5.7M |
| Pre-tax income | $166.2M | $155.1M | $160.9M | $173.9M | $163.7M | $87.3M | $126.8M | $93.4M | $77.5M | $72.5M |
| Income tax | $44.6M | $40.2M | $43.5M | $48.5M | $46.0M | $22.5M | $34.8M | $25.0M | $37.0M | $27.7M |
| Net income | $121.6M | $114.9M | $117.4M | $125.4M | $117.7M | $64.8M | $92.1M | $68.3M | $40.6M | $44.8M |
| EPS, basic | 3.72 | 3.47 | 3.53 | 3.85 | 3.96 | 2.17 | 3.02 | 2.57 | 1.77 | 1.96 |
| EPS, diluted | 3.70 | 3.46 | 3.52 | 3.83 | 3.94 | 2.16 | 3.00 | 2.54 | 1.74 | 1.94 |
| Shares, diluted (wtd. avg.) | $32.9M | $33.2M | $33.4M | $32.7M | $29.9M | $30.0M | $30.6M | $26.9M | $23.2M | $23.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $157.0M | $145.0M | $98.7M | $107.2M | $768.4M | $669.6M | $276.5M | $227.5M | $205.4M | $305.6M |
| Property, plant and equipment | $69.7M | $70.3M | $71.3M | $72.3M | $78.7M | $83.7M | $87.1M | $89.3M | $57.7M | $48.4M |
| Goodwill | $304.4M | $304.4M | $304.4M | $304.4M | $220.9M | $220.9M | $220.9M | $221.0M | $64.3M | $64.3M |
| Total assets | $9.82B | $9.67B | $9.91B | $9.93B | $8.61B | $7.64B | $6.47B | $6.35B | $4.76B | $4.52B |
| Total liabilities | $8.49B | $8.45B | $8.75B | $8.88B | $7.61B | $6.71B | $5.56B | $5.53B | $4.26B | $4.04B |
| Retained earnings | $740.2M | $679.9M | $615.5M | $542.9M | $467.0M | $382.0M | $367.8M | $303.5M | $255.2M | $232.4M |
| Total equity | $1.33B | $1.22B | $1.16B | $1.05B | $1.00B | $925.1M | $893.6M | $827.4M | $505.8M | $477.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $133.3M | $109.7M | $138.9M | $162.9M | $132.2M | $114.8M | $102.8M | $91.1M | $55.4M | $48.2M |
| Depreciation and amortisation | $6.4M | $6.0M | $6.4M | $6.0M | $6.4M | $6.5M | $6.9M | $7.0M | $6.8M | $6.5M |
| Stock-based compensation | $4.8M | $4.7M | $4.1M | $3.9M | $2.6M | $2.0M | $1.7M | $1.5M | $1.6M | $1.5M |
| Capital expenditure | $5.4M | $4.6M | $4.9M | $3.6M | $3.2M | $2.8M | $4.3M | $7.4M | $15.2M | $10.9M |
| Investing cash flow | -$82.6M | $285.0M | $28.6M | -$723.2M | -$883.8M | -$816.3M | -$29.8M | -$142.0M | -$357.4M | -$139.4M |
| Financing cash flow | -$38.6M | -$348.4M | -$176.0M | -$100.9M | $850.5M | $1.09B | -$24.0M | $73.0M | $201.9M | $93.3M |
| Dividends paid | $45.0M | $43.6M | $39.9M | $35.8M | $29.7M | $26.3M | $25.0M | $18.8M | $15.1M | $13.7M |
| Buybacks | $32.0M | $15.5M | $9.2M | $27.1M | $4.3M | $26.7M | $2.2M | $2.5M | $1.6M | $1.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000356171-26-000033.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |