# TriCo Bancshares (TCBK)

> Source: Nexqual · https://nexqual.com/TCBK · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, TriCo Bancshares (TCBK), nexqual.com/TCBK" · informational, not investment advice.

**Price:** USD 52.72 (-3.07% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 54.39 · day 52.11–54.11 · 52w 43.05–61.71 · market cap $1.69B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $437M, net income $136M (31.0% margin) (SEC filings).
- Valuation: P/E 12.4x (avg 12.5x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.83 on a 1–5 scale) (6 analysts), mean target USD 57.34 (range 55–62.85).
- Total return with dividends: 1Y +25.4% vs S&P 500 +13.4%; 5Y +39.3% vs S&P 500 +76.9%.
- Next earnings: 2027-01-21, EPS estimate USD 1.07, revenue estimate $116M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $335M | $409M | $418M | $396M | $419M | $437M |
| Net income | $118M | $125M | $117M | $115M | $122M | $136M |
| EPS (diluted) | $3.94 | $3.83 | $3.52 | $3.46 | $3.70 | — |
| Free cash flow | $129M | $159M | $134M | $105M | $128M | $133M |
| Net margin | 35.1% | 30.7% | 28.1% | 29.0% | 29.0% | 31.0% |
| Revenue growth | +7.1% | +22.0% | +2.2% | -5.3% | +5.9% | — |
| Cash + short-term investments | $768M | $107M | $98.7M | $145M | $157M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.4x · P/S 3.9x · P/FCF 12.7x · P/B 1.3x · FCF yield 7.90% · Earnings yield 8.04% · Dividend yield (paid, TTM) 2.75% · Buyback yield (TTM) 2.16%
P/E at fiscal year-ends: Dec 2025 12.8x, Dec 2024 12.6x, Dec 2023 12.2x.

## Analysts
Consensus Hold (mean 2.83 on a 1–5 scale), 6 analysts; mean target USD 57.34 (low 55, high 62.85).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Piper Sandler | Target lowered | Neutral | $63 → $56.5 |
| 2026-07-27 | Piper Sandler | Target raised | Neutral | $61 → $63 |
| 2026-07-27 | DA Davidson | Target lowered | Neutral | $66 → $65 |
| 2026-07-14 | Piper Sandler | Downgrade | Overweight → Neutral | $63 → $61 |
| 2026-07-14 | Raymond James | Downgrade | Outperform → Market Perform |  |
| 2026-07-14 | DA Davidson | Target raised | Neutral | $55 → $66 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +25.4% | +39.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +25.5% | +6.9% |
| Volatility (annualized) | 24.2% | 29.5% |
| Max drawdown | -17.1% (Jul 2026→Oct 2026) | -45.8% (Oct 2022→May 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/TCBK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TCBK's own 10-K filed 2026-03-02 (https://www.sec.gov/Archives/edgar/data/356171/000035617126000010/tcbk-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Federal Deposit Insurance | "This regulation is intended primarily for the protection of customers, depositors, the FDIC deposit insurance fund and the banking system as a whole, and not for the protection of our shareholders." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| ATM and interchange fees | $6.8M | 48.4% | +2.7% |
| Service charges on deposit accounts | $5.5M | 39.0% | +5.1% |
| Other service fees | $1.5M | 10.9% | +3.0% |
| Mortgage banking service fees | $419,000 | 3.0% | -4.3% |
| Total revenue | $14.0M | 100% | — |

## Company outlook (8-K filed 2026-10-22)

- "The reversal of credit losses on loans totaling $1.7 million was driven by a $1.3 million reduction in loss reserves associated with individually evaluated loans, with the balance of the reversal driven by improvements in risk ratings and general economic forecast data attributed to collectively evaluated loan pools, net of $0.3 million in net charge-offs."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.07 | $1.05 | +1.9% | $115.8M | 1 |
| Next quarter (ends 2027-03-31) | $1.07 | $1.06 | +0.8% | $114.9M | 5 |
| Current fiscal year (ends 2026-12-31) | $4.36 | $4.24 | +2.7% | $450.4M | 1 |
| Next fiscal year (ends 2027-12-31) | $4.39 | $4.36 | +0.7% | $468.4M | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-03-19 (includes earnings 2027-01-21): ±12.8%; last 8 reports averaged ±1.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 38.0% | ±9.1% |
| 2026-12-18 | 56 | 32.5% | ±11.2% |
| 2027-03-19 | 147 | 24.0% | ±12.8% |
| 2027-06-17 | 237 | 23.0% | ±15.3% |