TriCo Bancshares (TCBK) investor relations material

Executive summary

• Pre-tax pre-provision ROAA was 1.97% and ROAE was 14.5% for Q2 2026, up from 1.74% and 13.4% year-over-year.

• Net income for Q2 2026 was $34.2 million, up 24.1% year-over-year and 1.4% sequentially, with diluted EPS of $1.06, reflecting robust loan growth and disciplined expense management.

• Net interest income (FTE) rose to $93.9 million, up 2.6% sequentially and 8.2% year-over-year, driven by loan growth and repricing.

• Efficiency ratio improved to 56.2% (55.5% excluding merger expenses), compared to 59.0% a year ago.

• The quarter was marked by the announcement of a merger with First Hawaiian Bank, expected to expand scale and service capacity.

Financial highlights

• Total assets reached $9.93B, loans $7.31B, and deposits $8.37B as of June 30, 2026.

• Net interest margin (FTE) was 4.11% for Q2 2026.

• Return on average assets was 1.37%, and return on average equity was 11.67% for the period.

• Quarterly diluted EPS for Q2 2026 was $1.06, up from $0.84 in Q2 2025.

• Dividends per share grew at a 9% CAGR over 10 years, with a payout ratio of 34% for 2026.

Outlook and guidance

• Management expects continued loan and asset growth, with disciplined expense control and limited share repurchases due to the pending merger.

• Economic indicators and borrower performance remain stable, supporting a positive outlook for the remainder of 2026.

• Management continues to focus on loan growth, NIM preservation, and efficiency improvements.