Start here if you're new
what it is
TriCo Bancshares runs Tri Counties Bank, taking deposits and making loans across northern and central California.
how it gets paid
In FY2025 (ended Dec 31, 2025), TriCo reported about $419M in net interest income plus non-interest income. Net interest income was ~$351M — roughly 84% of that combined total.
why it's growing
FY2025 diluted EPS was $3.70 versus $3.46 in FY2024 (up about 7%). Net interest income rose ~5.9% vs. prior year; non-interest income rose ~6.1%.
what just happened
On Jan 22, 2026 the company reported Q4 2025: diluted EPS $1.03 versus $0.88 in Q4 2024, with net interest income ~$92.2M and non-interest income ~$17.2M for the quarter (NIM 4.02% FTE).
At a glance
B++ balance sheet — above average — nothing keeping you up at night
75/100 earnings predictability — reasonably predictable
~13.3x trailing p/e — the market's not buying it — or you found a deal
~2.8% dividend yield — cash in your pocket every quarter
$3.70 FY2025 diluted EPS (actual)
xvary composite: 76/100 — average
What they do
TriCo Bancshares runs Tri Counties Bank, taking deposits and making loans across northern and central California.
This bank wins the old way: local branches, local deposits, and a lot of relationships. It has 64 traditional branches, 4 in-store branches, 8 loan offices (76 locations in total), and about $9.8B in assets as of Dec 31, 2025. Banking jargon → deposit franchise → cheap customer funding → so what: when your bank keeps local money sticky, it can lend profitably without paying up for every dollar.
How they make money
~$419M
FY2025 net interest income + non-interest income · up ~+6% vs. prior year
net interest income
$350.8M
+5.9%
non-interest income
$68.3M
+6.1%
The products that matter
originates and holds loans
Commercial & Retail Loans
$7.1B portfolio
This $7.1B loan book (Dec 31, 2025) is the earning asset base behind FY2025 net interest income of ~$351M.
core earnings engine
gathers local deposits
Tri Counties Bank
76 locations · ~$8.3B deposits
The branch and LPO network funds the franchise with ~$8.3B in deposits (Dec 31, 2025), tied to one state and one local economy.
funding base
Key numbers
~$12M
other borrowings
Dec 31, 2025 other borrowings were tiny versus deposits. Plain English: funding is overwhelmingly core deposits, not wholesale debt.
~13.3x
trailing p/e
You are paying about 13 times FY2025 earnings for a bank with roughly a 2.8% yield. Cheap versus growth stocks, normal versus sleepy banks.
75
earnings predictability
That score says results have been steadier than the average regional bank. Steady numbers usually get punished less when the sector gets messy.
~2.8%
dividend yield
You are being paid while you wait. That matters more when the stock is a hold-forever style bank, not a fast grower.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 1 — safer than 95% of stocks
- price stability 65 / 100
- long-term debt ~$12M other borrowings (Dec 31, 2025)
B++ — above-average balance sheet quality for a focused regional bank.
Total return vs. market
Return history isn't available for TCBK right now.
source: institutional data · return history unavailable
What just happened
Q4 2025 reported
Q4 2025 diluted EPS $1.03 versus $0.88 in Q4 2024 — net interest income ~$92.2M and non-interest income ~$17.2M for the quarter.
FY2025 diluted EPS was $3.70 versus $3.46 in FY2024. NIM (FTE) expanded to 4.02% in Q4 2025 from 3.76% in Q4 2024; the efficiency ratio improved to 54.68% from 59.56%. Management also announced a new share repurchase program (up to 2.0M shares). Results are preliminary until the Form 10-K is filed.
~$109M
NII + non-int. (Q4)
$1.03
diluted EPS
54.7%
efficiency (Q4)
the number that mattered
4.02% net interest margin (FTE) in Q4 2025 — up from 3.76% a year earlier — is the clean read on whether wider spreads are sticking.
source: TriCo Bancshares Form 8-K / Q4 2025 release (Jan 22, 2026)
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What could go wrong
the #1 risk here is single-state california banking exposure.
high
Single-state California concentration
The bank's 76 locations and ~$8.3B deposit base (Dec 31, 2025) are tied to California. If that state slows, you feel it everywhere at once — loan demand, credit quality, and deposit competition.
Exposure is direct: 100% of this franchise sits in one state.
med
Net interest margin compression
A 4.02% net interest margin (FTE) in Q4 2025 is the headline. Roughly 84% of FY2025 net interest income plus non-interest income came from net interest income — if funding costs rise or loan yields fall, earnings do not have many other places to hide.
Revenue exposure is clear: ~$351M of ~$419M FY2025 operating revenue (NII + non-interest income) came from spread income.
med
Dividend streak becomes a promise management has to defend
A 146-quarter dividend streak is impressive. It also becomes a pressure point if earnings soften. Once income investors start treating the payout as untouchable, any wobble gets scrutinized harder.
The quarterly dividend was raised to $0.36 in 2025 (from $0.33 in Q4 2024). If quarterly EPS stops clearing that level with room to spare, the streak turns from selling point to problem.
100% of the footprint is in California, and about 84% of FY2025 operating revenue (NII + non-interest income) came from net interest income. That is a focused model, not a diversified one.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Net interest margin
4.02% NIM (FTE) in Q4 2025 is the heartbeat. If that level holds or improves, the valuation argument stays cleaner. If it rolls over, the bull case loses its easiest support.
calendar
Q1 2026 earnings report
Q1 2026 results typically land in late April. Watch whether earnings still cover the $0.36 quarterly dividend comfortably and whether NIM (FTE) stays near the high-3% to ~4% range.
risk
California local conditions
This is a one-state bank. Changes in employment, commercial activity, or property stress inside California matter more here than national headlines do.
trend
Dividend streak versus earnings reality
Late may 2026 should bring the next dividend decision. A 147th straight quarterly payment would keep the streak alive, but what matters more is whether earnings keep funding it without strain.
Analyst rankings
earnings predictability
75 / 100
In human-speak, analysts see a bank that usually behaves itself. You are not buying explosive upside here. You are buying a model that tends to stay within a narrower lane.
beta
0.62
The stock has historically moved less than the market. That lowers the drama, not the business risk.
source: institutional data
Institutional activity
institutional ownership data for TCBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$49.22
current price
n/a
target midpoint · n/a from current
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