TriCo Bancshares filings document the public-company record for a California bank holding company whose primary subsidiary is Tri Counties Bank. Recent current reports furnish unaudited operating results, Regulation FD investor materials, dividend declarations and share repurchase authorization, with disclosures tied to net interest income, loan and deposit trends, credit quality and capital actions.
Proxy materials cover board governance, shareholder voting matters, executive compensation and equity-award information. The filing record also identifies the company's common stock, no par value, traded on Nasdaq under TCBK, and the corporate and governance framework supporting its commercial and retail banking operations in California.
TriCo Bancshares reported stronger quarterly results, with net income for the three months ended March 31, 2026 rising to $33.7M from $26.4M a year earlier. Basic earnings per share increased to $1.05 from $0.80, supported by higher net interest income and lower interest expense.
Total assets reached $9.95B, while loans were $7.07B and deposits were $8.40B, showing modest balance sheet growth from year-end. The allowance for credit losses on loans increased to $127.9M, reflecting continued conservative credit provisioning as nonaccrual and past-due loans remained contained across portfolios.
The company generated $91.2M of net interest income and $17.0M of non-interest income, while controlling non-interest expense at $59.1M. It returned capital to shareholders through $11.5M in cash dividends and repurchased 447,211 shares for about $21.6M under its 2025 share repurchase program.
Franklin Resources, Inc. reports beneficial ownership of 1,649,900 shares of Trico Bancshares Common Stock, representing 5.1% as of 03/31/2026. The filing states that Franklin Resources aggregated holdings previously reported separately by Franklin Mutual Advisers, Inc. and Brandywine Global Investment Management as part of an internal realignment effective for the quarter ended 03/31/2026. The schedule lists subsidiary holdings including 1,629,127 shares by Franklin Mutual Advisers, LLC and 20,773 shares by Franklin Advisers, Inc.
TriCo Bancshares reported higher first-quarter 2026 earnings with steady margins and solid credit quality. Net income was $33.7 million, up 27.8% from a year earlier, and diluted EPS rose to $1.04 from $0.80. Net interest income (fully tax-equivalent) reached $91.5 million, up 10.5% year over year, while net interest margin improved to 4.07% from 3.73%. Total loans were $7.07 billion, up 3.6% year over year, and deposits were $8.40 billion, up 2.4%. The bank’s return on average assets was 1.38% and return on average equity was 10.08%, with an efficiency ratio of 54.55%, better than a year ago. Credit costs remained controlled: the allowance for credit losses was 1.81% of loans and non-performing assets were 0.77% of total assets. The company also returned capital through dividends of $0.36 per share and repurchased 447,211 shares at an average price of $48.30.
TriCo Bancshares asks shareholders to vote at its May 21, 2026 annual meeting on electing 11 directors, approving executive pay on an advisory basis, amending bylaws to eliminate cumulative voting in director elections, and ratifying Baker Tilly US, LLP as 2026 auditor.
The proxy highlights 2025 performance: net income of $121.6 million versus $114.9 million in 2024, assets of $9.8 billion at December 31, 2025, and reductions in other borrowings and junior subordinated debt of $77.9 million and $59 million, respectively. Operating efficiency improved to 57.5% from 59.1%, and cash dividends rose to $1.38 per share from $1.32.
The Board emphasizes strong governance, with 10 of 11 directors independent, a lead independent director, majority-vote resignation policy, board retirement age, stock ownership guidelines, and restrictions on hedging and pledging. The filing also details human capital, community reinvestment and sustainability initiatives, including an “Outstanding” CRA rating, $1.6 million in donations and sponsorships in 2025, over 10,000 employee volunteer hours, and scholarship and special credit programs aimed at underserved communities.
TriCo Bancshares is soliciting proxies for its 2026 Annual Meeting to be held on May 21, 2026. Shareholders will vote to elect 11 directors, cast an advisory vote on executive compensation, consider a bylaw amendment to eliminate cumulative voting, and ratify Baker Tilly US, LLP as the independent auditor.
The company highlights strong 2025 performance including $121.6 million in net income, $9.8 billion in assets as of December 31, 2025, a $1.38 per-share cash dividend, and a 57.5% operating efficiency rate. The Board recommends a vote FOR all proposals.
TriCo Bancshares EVP and Chief Credit Officer Craig B. Carney reported routine equity compensation activity. On March 30, 2026, 33% of a prior Restricted Stock Unit award vested, converting 1,209 RSUs into common shares, with the vesting price noted as $47.09 per share. Of these, 709 shares were withheld to cover tax liabilities, leaving Carney with 38,167 common shares held directly. On March 27, 2026, he received new grants of 3,161 Restricted Stock Units that vest in roughly equal annual installments over three years and 3,161 performance-based stock units that cliff vest after three years based on total shareholder return relative to the KBW Regional Banking Index. He also has indirect holdings through an ESOP and shares held by a daughter.
TRICO BANCSHARES EVP and CFO Peter G. Wiese reported equity compensation activity in company stock. On March 30, 2026, 1,661 Restricted Stock Units vested and were converted into an equal number of common shares at a vesting-date price of $47.09, with 411 shares withheld to cover tax obligations. After these transactions, he directly held 49,750 common shares.
On March 27, 2026, he received a grant of 4,349 Restricted Stock Units that vest in roughly one-third increments over three years, with cash dividends reinvested at fair market value and a per-unit grant value of $48.12. He also received a 4,349-share performance stock unit award that cliff vests after three years between 0% and 150% of the target based on total stockholder return relative to the KBW Regional Banking Index. He also has indirect holdings through an ESOP and a family trust.
TRICO BANCSHARES CEO & President Richard P. Smith reported routine equity compensation activity. On March 30, 2026, 3,808 Restricted Stock Units vested and were converted into common stock at a price of $47.09 per share, with 2,233 shares withheld to cover tax liabilities, leaving the remainder as newly owned shares.
On March 27, 2026, he received grants of 9,969 Restricted Stock Units and 9,969 Performance Stock Units, both tied to future vesting conditions and company performance. Following these transactions, he directly holds 279,727 common shares and also reports indirect holdings through an ESOP, an ESOP trustee position, and his spouse.
TRICO BANCSHARES senior executive compensation and tax withholding activity. SVP and General Counsel Gregory A. Gehlmann exercised 761 Restricted Stock Units into Common Stock on March 30, 2026, as part of 33% vesting of an award granted on March 28, 2025 at a per-share price of $47.09 on the vesting date. To cover related tax obligations, 444 Common Stock shares were withheld at $47.09 per share. Following these transactions, he held 21,131.9873 Common Stock shares directly and 2,380.83 shares indirectly through an ESOP. On March 27, 2026, he also received new equity compensation grants of 1,995 Restricted Stock Units and 1,995 Performance-based stock units, each tied to Common Stock, with RSUs scheduled to vest in roughly one-third increments over three years and PSUs cliff vesting after three years based on total stockholder return versus the KBW Regional Banking Index.