TriCo Bancshares (TCBK) investor relations material

Executive summary

• Pre-tax pre-provision ROAA rose to 2.01% and ROAE to 14.7% for Q1 2026, up from 1.61% and 12.6% year-over-year.

• Net income for Q1 2026 was $33.7 million, up 27.8% year-over-year and flat sequentially from Q4 2025.

• Diluted EPS was $1.04, up from $0.80 in Q1 2025 and $1.03 in Q4 2025.

• Net interest income (FTE) reached $91.5M, up 10.5% year-over-year, with NIM at 4.07% versus 3.73% a year ago.

• Efficiency ratio improved to 54.5% from 60.4% year-over-year.

Financial highlights

• Total assets at $9.95B, total loans $7.07B, total deposits $8.40B, and market cap $1.52B as of March 31, 2026.

• Noninterest income was $17.0 million, up 6.0% year-over-year; noninterest expense decreased 0.9% year-over-year to $59.1 million.

• Quarterly diluted EPS for Q1 2026 was $1.04, with net income of $33.7M.

• Dividends per share have grown at a 9% CAGR over 10 years; dividends as a percentage of earnings at 38% for Q1 2026.

• Provision for credit losses was $3.3 million, down from $3.7 million in Q1 2025.

Outlook and guidance

• Management expects future revenue growth to outpace expense growth, leading to positive operating leverage and PPNR expansion.

• Macroeconomic outlook remains optimistic, supported by recent tax and spending legislation.

• Management highlights proactive risk grading and sufficient credit loss coverage for potential economic headwinds.

• No reliance on brokered deposits or FRB borrowing facilities; diversified deposit base maintained.