NASDAQ$TCBK

TriCo Bancshares · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income of $7,430,000 and diluted earnings per share of $0.25 for the quarter ended June 30, 2020.

TriCo Bancshares reported a net income of $7,430,000 for the quarter ended June 30, 2020, with diluted earnings per share at $0.25. The company's total loans, total assets and total deposits reached $4.80 billion, $7.36 billion and $6.25 billion, respectively.

  • Return on average assets was 0.43% and return on average equity was 3.39% for the quarter ended June 30, 2020.
  • Originated and funded 2,908 loans totaling $436.7 million under the Payment Protection Program (PPP).
  • Net interest margin was 4.10% on a tax equivalent basis.
  • Non-interest bearing deposits as a percentage of total deposits were 39.81%.

Headline financials

Total Revenue

$76.3M

Previous: $77.9M-2.0%
EPS (adj)

$0.25

Previous: $0.75-66.7%
ROAA

0.4%

No prior period
ROAE

3.4%

No prior period
Efficiency Ratio

59.9%

No prior period
Net Interest Margin

4.1%

No prior period
NPA to Assets

0.3%

No prior period
Capital Expenditures

-$1.27M

Previous: -$2.59M+51.0%
Free Cash Flow

$6.16M

Previous: $20.5M-69.9%
Net Income

$7.43M

Previous: $23.1M-67.8%
Operating Income

$34.1M

Previous: $57.5M-40.7%
Gross Profit

$54.2M

Previous: $77.9M-30.4%
Cash & Equivalents

$706M

Previous: $176M+302.0%
Total Assets

$7.36B

Previous: $6.4B+15.1%
Stock-Based Comp

$492K

Previous: $418K+17.7%

Revenue & EPS history

TriCo · Revenue · Quarterly

$76.3M

Q2 2020-2%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

TriCo · $15.1M total across 2 segments · Q3 2020

  • Service Charges
    $10.5M
  • Other Income
    $4.66M

Forward guidance

Company did not provide forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+2.5%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+10.2%

Q1 2010

Best reaction

-7.0%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%+2.4%+2.5%
Q4 2025+1.6%-3.1%-0.3%
Q3 2025+1.2%+4.0%+9.6%
Q2 2025-0.9%-2.1%+3.8%
Q1 2025+1.0%+0.0%+2.0%
Q4 2024+2.5%+3.3%+2.5%
Q3 2024-3.3%-0.5%+12.1%
Q2 2024+3.6%+1.7%-2.4%
Q1 2024-2.7%-0.1%+8.4%
Q4 2023-4.9%-2.9%-14.6%
Q3 2023+7.0%+6.1%+18.6%
Q2 2023-1.4%-1.8%-9.0%
Q1 2023-1.4%-5.2%-7.3%
Q4 2022+0.4%+2.0%+2.6%
Q3 2022+3.8%+11.8%+4.9%
Q2 2022+0.3%+0.7%+0.1%
Q1 2022-1.0%+5.2%+20.7%
Q4 2021-0.7%-3.7%-4.3%
Q3 2021-2.8%-2.1%+1.3%
Q2 2021-0.9%-1.8%-4.3%
Q1 2021+1.0%+3.0%+4.4%
Q4 2020-0.8%-2.3%+10.6%
Q3 2020-4.7%-4.9%+15.6%
Q2 2020-1.8%-3.9%-4.5%
Q1 2020-2.0%-6.7%-7.7%
Q4 2019-0.2%-2.7%-7.5%
Q3 2019+2.7%+2.2%+5.1%
Q2 2019+2.1%+1.2%-7.7%
Q1 2019-0.3%-0.2%-3.1%
Q4 2018+7.5%+6.8%+14.6%
Q3 2018+2.1%+4.1%+7.7%
Q2 2018+2.6%+1.8%+2.5%
Q1 2018+0.5%-1.5%+3.4%
Q4 2017-1.5%-0.7%-0.2%
Q3 2017-3.5%-4.1%+1.2%
Q2 2017+1.0%+2.7%+0.1%
Q1 2017-3.6%-3.4%-4.6%
Q4 2016+5.2%+5.9%+6.5%
Q3 2016-0.4%-0.7%+20.9%
Q2 2016-7.0%-9.2%-4.4%
Q1 2016+0.4%
Q4 2015+3.2%
Q3 2015+0.6%
Q2 2015+2.1%
Q1 2015-2.4%
Q4 2014-1.8%
Q3 2014+3.7%
Q2 2014-0.4%
Q1 2014+0.7%
Q4 2013-5.8%
Q3 2013+5.7%
Q2 2013+0.2%
Q1 2013-2.1%
Q4 2012-2.3%
Q3 2012+1.1%
Q2 2012-1.4%
Q1 2011+0.1%
Q1 2012+1.7%
Q4 2011+1.2%
Q4 2010+1.2%
Q4 2009+1.2%
Q3 2011+0.5%
Q2 2011-4.5%
Q2 2010-4.5%
Q3 2010+2.6%
Q1 2010+10.2%

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