NASDAQ$TCBK

TriCo Bancshares · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced quarterly results with net income of $27.4 million and diluted earnings per share of $0.92.

TriCo Bancshares reported a net income of $27.4 million for the quarter ended September 30, 2021, with diluted earnings per share of $0.92. The company's return on average assets was 1.30%, and the return on average equity was 11.02%. Organic loan growth, excluding PPP, totaled $30.7 million.

  • Net income was $27.4 million, compared to $28.4 million in the previous quarter and $17.6 million in the same quarter last year.
  • Diluted earnings per share were $0.92, compared to $0.95 in the previous quarter and $0.59 in the same quarter last year.
  • Return on average assets was 1.30%, and return on average equity was 11.02%.
  • Organic loan growth, excluding PPP, totaled $30.7 million (2.6% annualized).

Headline financials

Total Revenue

$83.3M

Previous: $78.6M+6.0%
EPS (adj)

$0.92

Previous: $0.59+55.9%
ROAA

1.3%

Previous: 0.9%+36.8%
ROAE

11.0%

Previous: 7.8%+41.5%
Efficiency Ratio

55.0%

Previous: 59.4%-7.5%
Net Interest Margin

3.5%

Previous: 3.7%-5.9%
Capital Expenditures

-$2.11M

Previous: -$2.34M+9.7%
Free Cash Flow

$25.3M

Previous: $15.3M+65.8%
Net Income

$27.4M

Previous: $17.6M+55.8%
Operating Income

$63.1M

Previous: $49.8M+26.7%
Gross Profit

$81.8M

Previous: $70.9M+15.4%
Cash & Equivalents

$740M

Previous: $653M+13.4%
Total Assets

$8.46B

Previous: $7.45B+13.5%
Stock-Based Comp

$737K

Previous: $545K+35.2%

Revenue & EPS history

TriCo · Revenue · Quarterly

$83.3M

Q3 2021+6%vs Q3 2020
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 maintains a positive outlook on the impacts that possible rate increases and Fed balance sheet tapering will have on our asset sensitive structure, our production teams continue to drive increases in the level of organic loan originations and our operational team members remain vigilant in their efforts to create efficiencies.

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 2021

Historical avgQ3 2021

+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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