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 raises dividend after a quarter that topped expectations; analysts lean positive
What happened: TriCo Bancshares declared a higher quarterly cash dividend and reported quarterly results that beat Wall Street expectations. The company also added a seasoned banking executive to lead its wholesale banking efforts. Analysts covering the stock now carry an average rating of Moderate Buy, with several firms raising price targets in recent weeks.
Top-line takeaways
- The quarterly dividend was raised to $0.36 per share, payable September 19 to holders of record on September 5. This marks a 9.1% increase from the prior quarterly payout and represents the 144th consecutive quarterly cash dividend.
- For the quarter, TriCo reported GAAP earnings per share of $0.84, beating the consensus by $0.02. Revenue came in at $103.61 million, above the expected $101.15 million and up 5.9% year over year.
- Analysts’ consensus across five covering firms is an average 12-month target of $47.60. Recent updates include a lift to $55.00 from one firm and other target increases in the mid-$40s.
Financial and market snapshot
Shares opened at $45.42 on the most recent trading day. The company has a market value of about $1.48 billion and a price-to-earnings ratio near 13.36. Volatility on the stock is modest, with a beta of 0.64. The 52-week trading range ran from $35.20 to $51.06. The 50-day and 200-day moving averages sit around $42.41 and $40.95, respectively.
Profitability and balance-sheet notes
Return on equity for the quarter was reported at 8.99%, with a net margin of 21.11%. The company’s debt-to-equity ratio is low at 0.09. Current and quick ratios are both reported at 0.86. Analysts expect TriCo to earn about $3.35 per share for the full fiscal year.
Dividend detail and shareholder returns
The new quarterly dividend equals an annualized payout of $1.44, which yields roughly 3.2% based on recent pricing. The payout ratio sits around 38.82%. Management noted the raise reflects confidence in continued growth in earning assets and earnings per share. Over the past fifteen years the quarterly dividend rose from $0.09 to $0.36.
Business mix and growth trends
TriCo Bancshares operates through Tri Counties Bank and focuses on consumer, small business and commercial banking. Net interest income has been the dominant revenue source, making up about 83.3% of total revenue over the last five years. Revenue grew at a five-year compound annual rate of 5.4%, though there has been an annualized decline of about 4% over the past two years. Tangible book value per share rose at 6.3% annually over five years and accelerated to 12.3% over the last two years; the consensus forecast calls for about 8.9% TBVPS growth to roughly $32.01 in the coming year.
Insider and institutional activity
Institutional investors hold a majority stake, with hedge funds and similar investors owning about 59.11% of shares. Several firms increased their holdings in the most recent quarter, including one that boosted its stake by more than 400%. Other asset managers reported modest increases, collectively adding several thousand shares across filings.
Leadership hire
The company appointed a new Head of Wholesale Banking to lead middle market, commercial, business banking, treasury management and merchant services teams across its footprint. The new hire brings more than 25 years of banking experience and steps into the senior leadership group to help grow commercial and specialty banking relationships and capabilities.
What it means
The quarter showed modest top-line growth and a small earnings beat. The dividend raise and executive hire signal a focus on returning cash to shareholders while building capacity in commercial banking. Price targets set by analysts range above and below current trading levels, reflecting a mix of optimism and caution among coverage firms. Key metrics to watch going forward include net interest income trends, loan growth in middle market and commercial portfolios, and any changes to credit or funding costs.
Frequently Asked Questions
Q1: When is the dividend payable and what is the amount?
A: The quarterly cash dividend is $0.36 per share, payable on September 19 to shareholders of record on September 5.
Q2: Did the company beat earnings expectations?
A: Yes. Reported GAAP earnings per share were $0.84, above consensus by $0.02, and revenue was about $103.61 million, higher than estimates.
Q3: What is the analyst consensus on the stock?
A: The average recommendation from five covering analysts is Moderate Buy, with an average 12-month target near $47.60. Several firms have recently raised their targets.
Q4: Who is the new Head of Wholesale Banking and why does it matter?
A: The new hire has over 25 years of experience and will lead relationship teams across middle market, specialty and commercial banking areas. This role is intended to strengthen client coverage and support loan growth.
Q5: What risks should investors watch?
A: Watch interest-rate sensitivity, loan portfolio performance, and any changes in funding costs or credit quality. Also monitor revenue trends and the pace of tangible book value growth.
Key facts at a glance
| Item | Value |
|---|---|
| Quarterly EPS | $0.84 |
| Quarterly Revenue | $103.61 million |
| Dividend (quarterly) | $0.36 per share |
| Dividend yield (approx.) | 3.2% |
| Market cap | $1.48 billion |
| P/E ratio | 13.36 |
| 52-week range | $35.20 – $51.06 |
| Assets (approx.) | Nearly $10 billion |
| Headquarters | Chico, California |
| Analyst consensus | Moderate Buy; avg target $47.60 |
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 TX News
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