TriCo Bancshares (TCBK) just posted fourth quarter FY 2025 revenue of US$106.4 million with EPS of US$1.04, capping a trailing twelve month tally of US$407.1 million in revenue and US$3.72 in EPS. Over the past year, revenue has moved from US$389.2 million to US$407.1 million and EPS from US$3.47 to US$3.72 on a trailing basis, giving you a clearer view of how the top and bottom lines are tracking into this latest print. With a net interest margin running at 4.02% and a cost to income ratio below 55% in the latest quarter, the focus now turns to how investors weigh these profitability levels alongside the company’s potential growth opportunities.

See our full analysis for TriCo Bancshares.

With the headline numbers on the table, the next step is to see how this earnings profile lines up with the prevailing market narratives about TriCo Bancshares and where those views might need updating.

4.02% net interest margin with costs pulling back

• TriCo reported a 4.02% net interest margin in Q4 FY 2025 with a cost to income ratio of 54.68%, compared with 3.92% and 56.18% in Q3 FY 2025.
• What stands out for the bullish view is that profitability metrics moved together in a supportive way, with net interest margin above the 3.71% level seen in Q3 FY 2024 and the latest cost to income ratio below the 60.42% reported in Q1 FY 2025.
  • This pairing of a higher margin and lower cost ratio aligns with the idea of a relatively efficient regional bank that is maintaining its profitability.
  • It also sits alongside a trailing net profit margin of 29.9% versus 29.5% a year earlier, which supports the argument that recent profitability has been steady on a full year view.

Over this reporting stretch, investors who focus on margins and efficiency get fresh figures to compare against the bullish case for stable profitability. 📊 Read the full TriCo Bancshares Consensus Narrative.

Loan book at about US$7.1b with higher non performing balances

• Total loans reached US$7.1b in Q4 FY 2025, with non performing loans at US$64.2 million compared with US$44.1 million in Q4 FY 2024.
• Bears often focus on credit quality for regional banks and the step up in non performing loans provides material support for that cautious angle.
  • The combination of a larger loan book and higher non performing balances means a bigger portion of earnings is tied to how those loans ultimately perform.
  • Even with this, a trailing net profit margin of 29.9% shows the bank has kept overall profitability intact so far, which gives critics a concrete set of numbers to weigh rather than just assuming pressure on credit quality.

Valuation split between 13.4x P/E and DCF fair value

• The shares trade on a trailing P/E of 13.4x, slightly above the US banks industry average of 12.1x and the peer average of 13.3x, while a DCF fair value of US$75.51 compares with a share price of US$49.98.
• Supporters of the more optimistic case point to this gap between DCF fair value and the current price, alongside a 2.88% dividend yield and 5.8% recent earnings growth versus 4.3% per year over five years.
  • This combination of steady multi year earnings growth and a modeled value above the current price is a typical feature that bullish investors highlight when they argue a bank may be priced conservatively.
  • At the same time, the slightly higher P/E than sector averages shows the market is already assigning a modest premium, which gives readers a clear trade off to consider between the multiples and the DCF view.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on TriCo Bancshares's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

While TriCo Bancshares reports a 4.02% net interest margin and a 29.9% net profit margin, higher non performing loans suggest more earnings are exposed to credit outcomes.

If you would prefer banks where loan quality and financial resilience are the starting point, check out solid balance sheet and fundamentals stocks screener (388 results) to focus on businesses built on stronger balance sheets.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.