NASDAQ$TCBK

TriCo Bancshares · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

TriCo Bancshares' financial performance improved with increased net income and stable credit quality.

TriCo Bancshares reported a net income of $17.6 million for the quarter ended September 30, 2020, a significant increase compared to the previous quarter. The company experienced non-PPP loan growth and strong deposit growth, while also reducing its cost of funds. Credit quality remained stable, and non-interest income increased due to mortgage banking gains and card usage.

  • Net income increased to $17.6 million, compared to $7.43 million in the previous quarter.
  • Diluted earnings per share rose to $0.59, up from $0.25 in the prior quarter.
  • Total loans reached $4.83 billion, and total deposits amounted to $6.34 billion.
  • Credit quality remained stable with deferred loans decreasing from $341 million to $131 million.

Headline financials

Total Revenue

$78.6M

Previous: $78.8M-0.3%
EPS (adj)

$0.59

Previous: $0.76-22.4%
ROAA

0.9%

No prior period
ROAE

7.8%

No prior period
Efficiency Ratio

59.4%

No prior period
Net Interest Margin

3.7%

No prior period
NPA to Assets

0.3%

No prior period
Capital Expenditures

-$2.34M

Previous: -$3.07M+23.8%
Free Cash Flow

$15.3M

Previous: $20.3M-24.9%
Net Income

$17.6M

Previous: $23.4M-24.7%
Operating Income

$49.8M

Previous: $56.5M-11.8%
Gross Profit

$70.9M

Previous: $78.8M-10.0%
Cash & Equivalents

$653M

Previous: $259M+151.9%
Total Assets

$7.45B

Previous: $6.38B+16.7%
Stock-Based Comp

$545K

Previous: $398K+36.9%

Revenue & EPS history

TriCo · Revenue · Quarterly

$78.6M

Q3 2020-0.3%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The provided document does not contain forward guidance. Therefore, information on the company's future expectations is unavailable.

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 Q3 2020

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro