TriCo Bancshares Q1 FY26 net income rises 27.8% to $33.7 million
TriCo Bancshares
TriCo Bancshares TCBK | 0.00 |
- TriCo Bancshares posted Q1 net income of USD 33.7 million, up 27.8%, with diluted EPS of USD 1.04 versus USD 0.80 a year earlier.
- Net interest income (FTE) slipped 1.1% from Q4 to USD 91.5 million as net interest margin widened 5 basis points to 4.07%.
- Provision for credit losses rose to USD 3.3 million from USD 3 million in Q4 as non-performing assets increased to 0.77% of total assets from 0.72% at year-end.
- Deposits grew 6.8% annualized from Q4 to USD 8.4 billion while loans fell 2.4% annualized to USD 7.07 billion, pushing loan-to-deposit ratio down to 84.11% from 86.05%.
- Company repurchased 447,211 shares for USD 21.6 million, leaving about 1,553,000 shares authorized for buybacks.
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