Trico Bancshares Q4 prelim profit up 15.8% on higher interest income

Overview

• Bank's preliminary Q4 net income rises 15.8% yr/yr

• Company authorized new share repurchase program

• Net interest income for Q4 increased 3% over trailing quarter

Outlook

• Trico Bancshares expects incremental improvement in net interest margin through 2026

• Company anticipates expense growth to accelerate in 2026 but maintain positive leverage

• Trico Bancshares focuses on executing long-term strategies amid economic alignment

Result Drivers

• NET INTEREST INCOME - Increased by 3% from the trailing quarter, driven by reduced interest expenses and improved net interest margin

• LOAN GROWTH - Loan balances increased by $104.3 mln or 6.0% annualized from the trailing quarter, supporting revenue growth

• CREDIT LOSS PROVISION - Increased provision for credit losses to $3.0 mln, reflecting adjustments in reserves for credit risks

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Trico Bancshares is $49.50, about 2.2% below its January 21 closing price of $50.61

Press Release: ID:nBw3zyqjGa

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