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Trico Bancshares - TCBK STOCK NEWS

Welcome to our dedicated page for Trico Bancshares news (Ticker: TCBK), a resource for investors and traders seeking the latest updates and insights on Trico Bancshares stock.

Trico Bancshares (NASDAQ: TCBK) is a prominent bank holding company established in 1975 and headquartered in Chico, California. Its wholly-owned subsidiary, Tri Counties Bank, operates an extensive network of traditional stand-alone and in-store branches across Northern and Central California. The bank offers a wide array of consumer, small business, and commercial banking services, making it a pivotal financial partner in the region.

Core Services:

  • Consumer Banking: Comprehensive services including demand, savings, and time deposits, and consumer loans.
  • Small Business Banking: Specialized services tailored to small businesses, including commercial loans and Treasury Management Services.
  • Commercial Banking: A range of financial solutions such as real estate loans, commercial loans, and other banking services like safe deposit boxes at select branches.

Innovative Banking Solutions:

Tri Counties Bank is committed to providing modern banking conveniences. Customers have access to around-the-clock ATM services, online banking, and mobile banking, ensuring seamless management of their financial activities anytime, anywhere.

Financial Health:

TriCo Bancshares has demonstrated robust financial health, driven by adherence to core values, sound business principles, and responsible lending practices. The company’s primary revenue source is the net interest income from its diversified banking activities.

Community Engagement:

Tri Counties Bank takes pride in its community involvement. From participating in local events to supporting educational and non-profit initiatives, the bank’s employees are active members of the communities they serve.

Recent Achievements:

Recent strategic initiatives and partnerships have further solidified TriCo Bancshares’ position as a leading financial institution. The bank continues to expand its reach and enhance its service offerings to meet the evolving needs of its customers.

Stay updated with the latest news and developments from TriCo Bancshares to understand the dynamic landscape of this thriving financial entity.

News

TriCo Bancshares Reports First Quarter 2024 Net Income of $27.7 Million, Diluted EPS of $0.83

Rhea-AI Summary
TriCo Bancshares reported a net income of $27.7 million and diluted EPS of $0.83 for the first quarter of 2024. Deposit balances increased by $153.6 million or 7.8% from the trailing quarter. The average yield on earning assets increased to 5.13% compared to 5.09% in the prior quarter. The net interest margin decreased to 3.68% from 3.81% in the trailing quarter. TriCo Bancshares achieved a return on average assets of 1.13% and a return on average equity of 9.50% for the quarter. The efficiency ratio improved to 57.36% due to expense control. The provision for credit losses was $4.3 million, reflecting economic risks. Non-performing assets increased to 0.37% of total assets. The Company's total cost of deposits has increased by 117 basis points since FOMC rate actions began in March 2022, with a cycle-to-date deposit beta of 22.3%.
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Tri Counties Bank Celebrates 50th Anniversary by Helping Community College Students Achieve Their Dreams

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Tri Counties Bank marks its 50th Anniversary with a fundraising campaign supporting California Community Colleges Student Ambassador Program. The bank's $50,000 contribution aims to address food and housing insecurity among college students, with plans for various fundraising events and volunteer activities throughout the year.
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Tri Counties Bank Donates $30,000 for First-Time Future Farmers of America Students in Tulare County

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Tri Counties Bank donates $30,000 to Tulare County Foundation for Ag Education and Youth for the 'Sow the Seeds' Scholarship Program, supporting low-income high school students interested in FFA. The program provides start-up funds for livestock or ag mechanics projects, aiming to develop leadership and career skills.
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TriCo Bancshares Announces Increase in Quarterly Cash Dividend

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TriCo Bancshares (NASDAQ: TCBK) declares a quarterly cash dividend of $0.33 per share on its common stock, marking a 10% increase over the previous quarter. The company has a history of consistent dividend payments since 1989, showcasing its strength and commitment to shareholder value.
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Tri Counties Bank Donates $100,000 to Redding Regional Cancer Center

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Tri Counties Bank donates $100,000 to Mercy Foundation North to support a new Regional Cancer Center in Redding, California. The $70 million project is expected to open in early 2026 and aims to serve 38% more cancer patients annually. The partnership will provide comprehensive cancer treatment options and alleviate the stress of travel for patients. Tri Counties Bank has a history of supporting Mercy Foundation North projects, including the purchase of upgraded equipment for the NICU and nutrition programs for seniors.
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Tri Counties Bank Funds CAPK’s VITA Program in Kern County for $25,000

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Tri Counties Bank donates $25,000 to Community Action Partnership of Kern for the 2024 Volunteer Income Tax Assistance program, supporting low-income families in Kern County. The VITA program provides free tax help to those making $60,000 or less, persons with disabilities, and non-English-speaking taxpayers. In 2022, VITA assisted over 6,500 families, issuing over $8.3 million in refunds. Tri Counties Bank will host VITA volunteers at two branches in Delano and Bakersfield.
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TriCo Bancshares Announces Fourth Quarter 2023 Results

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TriCo Bancshares (NASDAQ: TCBK) reported a net income of $26.1 million for the quarter ended December 31, 2023, compared to $30.6 million during the trailing quarter ended September 30, 2023, and $36.3 million during the quarter ended December 31, 2022. The company's return on average assets was 1.05%, while the return on average equity was 9.43% for the quarter ended December 31, 2023. The loan to deposit ratio increased to 86.7% as of December 31, 2023, as compared to 83.8% as of the trailing quarter. The efficiency ratio was 55.8% for the twelve-months ended December 31, 2023. The provision for credit losses was approximately $6.0 million during the quarter ended December 31, 2023, as compared to a provision for credit losses of $4.2 million during the trailing quarter ended September 30, 2023. The company's total cost of deposits have increased 101 basis points since FOMC rate actions began in March 2022, which translates to a cycle-to-date deposit beta of 19.2%. The company's tangible book value per share was $25.39 per share at December 31, 2023, as compared to $21.76 at December 31, 2022.
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Q2 Helps Tri Counties Bank Increase Online Account Openings by 75 Percent

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Q2 Holdings, Inc. (NYSE: QTWO) announced that Tri Counties Bank (NASDAQ: TCBK) successfully transformed its new customer experience with Q2, increasing online account openings by 75 percent with Q2 Account Open. Tri Counties Bank, a nearly $10 billion bank, is known for its personalized attention to customers and modernized digital experience powered by Q2’s digital banking platform.
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TriCo Bancshares Announces Quarterly Cash Dividend

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TriCo Bancshares (NASDAQ: TCBK) Declares $0.30 Quarterly Cash Dividend, Reflecting Company's Strength and Stability. The 124th consecutive quarterly cash dividend will be payable on December 22, 2023, to holders of record on December 8, 2023. Tri Counties Bank, a wholly-owned subsidiary of TriCo Bancshares, offers a unique brand of customer service with solutions available in traditional stand-alone and in-store bank branches in Northern and Central California.
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Tri Counties Bank Kicks Off Annual Food Drive in Support of The Salvation Army

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Tri Counties Bank (TCBK) Launches 17th Annual Tis the Season Food Drive in Partnership with The Salvation Army
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FAQ

What is the current stock price of Trico Bancshares (TCBK)?

The current stock price of Trico Bancshares (TCBK) is $44.45 as of December 20, 2024.

What is the market cap of Trico Bancshares (TCBK)?

The market cap of Trico Bancshares (TCBK) is approximately 1.5B.

What services does Tri Counties Bank offer?

Tri Counties Bank provides consumer, small business, and commercial banking services, including deposits, loans, and Treasury Management Services.

Where is TriCo Bancshares headquartered?

TriCo Bancshares is headquartered in Chico, California.

How does Tri Counties Bank engage with the community?

The bank participates in local events, supports educational and non-profit initiatives, and encourages employee involvement in community activities.

What is the primary source of revenue for TriCo Bancshares?

The primary source of revenue is net interest income from its diversified banking activities.

Does Tri Counties Bank offer online and mobile banking?

Yes, Tri Counties Bank provides convenient around-the-clock online and mobile banking services.

When was TriCo Bancshares established?

TriCo Bancshares was established in 1975.

What types of loans does Tri Counties Bank offer?

The bank offers consumer loans, small business loans, commercial loans, and real estate loans.

How many branches does Tri Counties Bank operate?

Tri Counties Bank operates an extensive network of traditional stand-alone and in-store branches throughout Northern and Central California.

What are some recent achievements of TriCo Bancshares?

Recent strategic initiatives and partnerships have strengthened its position as a leading financial institution.

How does TriCo Bancshares maintain financial health?

The company upholds core values, sound business principles, and responsible lending practices to ensure robust financial health.

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Trico Bancshares

Nasdaq:TCBK

TCBK Rankings

#2217 Ranked by Market Cap
#1090 Ranked by Dividends

TCBK Stock Data

1.47B
30.32M
8.07%
64.5%
1.03%
Banks - Regional
State Commercial Banks
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United States of America
CHICO