Chico, California, September 1, 2025
News Summary
TriCo Bancshares reported quarterly results that exceeded expectations, with GAAP EPS of $0.84 and revenue of $103.61 million. The company raised its quarterly cash dividend to $0.36 per share and attracted renewed analyst interest, producing an average recommendation of Moderate Buy and a $47.60 average 12‑month target. Management added a senior Head of Wholesale Banking to strengthen commercial and treasury capabilities. Key metrics include a market cap near $1.48 billion, a P/E around 13.36, and institutional ownership above 59%. Investors will watch upcoming revenue, EPS trends, loan growth and net interest margin for further signals.
TriCo Bancshares posts quarter above expectations, raises dividend and adds senior banker
TriCo Bancshares reported second-quarter results that beat Wall Street revenue and earnings estimates, announced a higher quarterly dividend and named a new leader for its wholesale banking efforts. The company also attracted renewed analyst interest, with several brokerages lifting price targets in recent weeks.
Top takeaways
- Earnings beat: GAAP earnings per share came in at $0.84, modestly above the consensus of $0.82.
- Revenue beat: Quarterly revenue was $103.61 million versus the $101.15 million estimate.
- Dividend raised: The board declared a quarterly cash dividend of $0.36 per share, up from $0.33, representing a $1.44 annualized payout and a yield near 3.2% at recent prices.
- Leadership hire: A new Head of Wholesale Banking with more than 25 years of experience was added to lead middle market, commercial and specialty lending teams.
- Analyst view: Five analysts covering the stock average a Moderate Buy recommendation; price targets have been nudged higher by multiple firms, including one increase to $55.
What happened in the quarter
Revenue climbed 5.9% year-over-year to $103.61 million, driven largely by net interest income, which has accounted for a substantial share of revenue over recent years. The company reported a net margin of 21.11% and a return on equity of 8.99% for the period. Analysts covering the name now expect roughly $3.35 in earnings per share for the full fiscal year.
Dividend details and shareholder return
The quarterly cash dividend was increased to $0.36 per share, payable on September 19 to holders of record on September 5. The payout represents a roughly 9.1% raise from the prior quarterly amount and marks the 144th consecutive quarterly cash dividend for the company. The payout ratio stands near 38.8%.
Analyst activity and market moves
Research coverage shows varied opinions: three buy ratings and two hold ratings among five analysts, producing an average recommendation of Moderate Buy. Recent firm updates lifted 12-month price targets, with one firm increasing its target to $55 and others adjusting targets into the mid-$40s. Shares opened near $45.42 on the most recent session and trade with a price-to-earnings ratio of about 13.4.
Balance sheet, trading and technical snapshot
The company carries a market capitalization of about $1.48 billion and a conservative debt-to-equity ratio near 0.09. The stock has shown a 52-week range from roughly $35.20 to $51.06 and sits above both the 50-day simple moving average ($42.41) and the 200-day simple moving average ($40.95). The reported beta is 0.64, indicating lower volatility relative to the market.
Ownership and recent trading activity
Institutional ownership is meaningful, with hedge funds and other institutional investors holding about 59.11% of the company’s outstanding shares. Several institutions adjusted positions in the most recent quarter: one manager built a new stake, another increased holdings by more than 400%, and other sizable increases were reported from national asset managers.
Bank operations and strategic context
The firm operates a regional bank subsidiary that offers consumer, small business and commercial banking services, including mortgages, real estate construction loans, auto and personal loans, treasury management and merchant services. The bank reports nearly $10 billion in assets and a branch and ATM network complemented by online and mobile banking tools. Tangible book value per share has grown meaningfully over recent years and analysts expect further gains in the coming 12 months.
Senior hire for wholesale banking
The new Head of Wholesale Banking brings more than 25 years of experience in middle market and commercial lending and will oversee relationship teams across middle market & specialty banking, commercial banking, business banking, treasury management and merchant card services. The appointment bolsters the company’s commercial lending bench as it looks to expand earning assets and support business clients across its footprint.
What to watch next
Investors and observers will focus on upcoming loan growth, net interest margin trends, tangible book value progression, and the impact of the wholesale banking hire on commercial loan originations. The upcoming ex-dividend date and the company’s guidance or commentary on capital deployment will also be monitored for signs of strategic priorities.
Frequently Asked Questions
Q1: When is the next dividend payable and what is the amount?
The quarterly dividend is $0.36 per share, payable on September 19 to shareholders of record on September 5.
Q2: Did the company beat earnings and revenue expectations?
Yes. Reported GAAP EPS was $0.84, slightly above the consensus of $0.82, and revenue was $103.61 million versus an expected $101.15 million.
Q3: How have analysts adjusted their views?
Analysts covering the stock hold a mixed but favorable stance overall, averaging a Moderate Buy recommendation. Several firms have raised price targets recently, including a raise to $55 from one broker.
Q4: What does the new Head of Wholesale Banking do?
The new executive will lead relationship teams across middle market and specialty banking, commercial banking, business banking, treasury management and merchant card services to grow commercial lending and client services.
Q5: How leveraged is the company?
Leverage metrics appear modest, with a debt-to-equity ratio around 0.09 and a current and quick ratio of approximately 0.86.
Key features at a glance
| Feature | Value |
|---|---|
| Ticker | TCBK |
| Market capitalization | $1.48 billion |
| Q2 EPS | $0.84 |
| Q2 Revenue | $103.61 million |
| Quarterly dividend | $0.36 per share |
| Dividend yield (approx.) | 3.2% |
| P/E ratio | 13.36 |
| 52-week range | $35.20 — $51.06 |
| Debt-to-equity | 0.09 |
| ROE | 8.99% |
| Net margin | 21.11% |
| Institutional ownership | 59.11% |
| Assets (bank subsidiary) | Nearly $10 billion |
Deeper Dive: News & Info About This Topic
Additional Resources
- Business Wire: TriCo Bancshares Increases Quarterly Cash Dividend
- Wikipedia: TriCo Bancshares
- TradingView: TriCo Bancshares (TCBK) Exceeds Q2 Expectations
- Google Search: TriCo Bancshares
- Business Wire: Scott Myers Joins Tri-Counties Bank as Head of Wholesale Banking
- Google Scholar: TriCo Bancshares
- FinancialContent: Russell 2000 — Stocks to Steer Clear Of (context on small-cap exposure)
- Encyclopedia Britannica: TriCo Bancshares
- FinancialContent: Small-Cap Stock with Exciting Potential (small-cap context)
- Google News: TriCo Bancshares
Author: Construction CA News
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