NASDAQ$TCBK

TriCo Bancshares · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

TriCo Bancshares reported net income of $23.7 million and diluted earnings per share of $0.79 for Q4 2020.

TriCo Bancshares announced net income of $23.7 million for the quarter ended December 31, 2020, compared to $17.6 million during the trailing quarter ended September 30, 2020 and $22.9 million during the quarter ended December 31, 2019. Diluted earnings per share were $0.79 for the fourth quarter of 2020, compared to $0.59 for the third quarter of 2020 and $0.75 for the fourth quarter of 2019.

  • Return on average assets was 1.24% and return on average equity was 10.37%.
  • Total loans, total assets and total deposits were $4.76 billion, $7.64 billion and $6.51 billion, respectively.
  • Net interest margin was 3.79% on a tax equivalent basis.
  • The efficiency ratio was 55.11%.

Headline financials

Total Revenue

$83M

Previous: $78.4M+5.9%
EPS (adj)

$0.79

Previous: $0.75+5.3%
ROAA

1.2%

Previous: 1.4%-11.4%
ROAE

10.4%

Previous: 10.0%+3.4%
Efficiency Ratio

55.1%

Previous: 59.9%-8.0%
Net Interest Margin

3.8%

No prior period
Capital Expenditures

$472K

Previous: $1.22M-61.4%
Free Cash Flow

$35.7M

Previous: $25.3M+41.2%
Net Income

$23.7M

Previous: $22.9M+3.4%
Operating Income

$32.4M

No prior period
Gross Profit

$83.2M

Previous: $76.9M+8.2%
Cash & Equivalents

$670M

Previous: $277M+142.1%
Total Assets

$7.64B

Previous: $6.47B+18.1%
Stock-Based Comp

$560K

Previous: $441K+27.0%

Revenue & EPS history

TriCo · Revenue · Quarterly

$83M

Q4 2020+5.9%vs Q4 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 company will continue to execute on its strategic priorities including organic loan and deposit growth, prudent expense management, active engagement in PPP lending and other programs for borrowers in need, and the deployment of capital through dividends and additional share repurchases.

Tailwinds

  • Organic loan and deposit growth
  • Prudent expense management
  • Active engagement in PPP lending
  • Programs for borrowers in need
  • Deployment of capital through dividends and additional share repurchases

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 Q4 2020

Historical avgQ4 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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