Revenue: As of FY2026 Q2, the actual value is USD 111.88 M.

EPS: As of FY2026 Q2, the actual value is USD 1.06, beating the estimate of USD 1.0317.

EBIT: As of FY2026 Q2, the actual value is USD 46.3 M.

Net Income

TriCo Bancshares reported net income of $34.2 million for the second quarter of 2026, marking a 1.4% increase from $33.7 million in the trailing quarter, and a 24.1% increase from $27.5 million in the second quarter of 2025. For the six months ended June 30, 2026, net income reached $67.9 million, a 25.9% increase from $53.9 million in the prior year period.

Net Interest Income (FTE) and Margin

Net interest income (FTE) was $93.9 million for the second quarter of 2026, an increase of 2.6% over the trailing quarter. Another reference indicates net interest income (FTE) was $93.6 million, an increase of $2.4 million or 2.6% over $91.5 million in the trailing quarter. Compared to the second quarter of 2025, net interest income (FTE) increased by 8.2% from $86.8 million. For the six months ended June 30, 2026, net interest income (FTE) was $185.4 million, a 9.3% increase from $169.6 million in the prior year period.

The net interest margin (FTE) was 4.11% for the second quarter of 2026, an increase of 4 basis points from 4.07% in the trailing quarter. This also represents a 23 basis point increase from 3.88% in the second quarter of 2025. For the six months ended June 30, 2026, the net interest margin (FTE) was 4.09%.

Loan Balances

Total loan balances reached $7.31 billion as of June 30, 2026, increasing by $242.9 million or 13.7% on an annualized basis from the trailing quarter. This also marks a $352.1 million or 5.1% increase from the same quarter of the prior year. Gross loan originations/draws totaled approximately $632.9 million, while gross payoffs/repayments were $412.8 million during the second quarter of 2026. The loan yield was 5.85%.

Deposit Balances

Deposit balances decreased by -$34.8 million or -1.7% on an annualized basis from the trailing quarter, and by -$7.0 million or -0.1% from the same quarter of the prior year. However, another report states deposit balances increased by $61.8 million year-over-year after adding back $68.8 million in sold deposits as of June 30, 2026. One-way sell deposit balances totaled $68.8 million at quarter end. Average non-interest bearing deposits grew by 2.5% year over year and constituted 30.7% of total deposits at quarter end. Deposits represented 99.4% of funding liabilities as of June 30, 2026.

Yields and Costs

The yield on average earning assets was 5.31% for the second quarter of 2026, a 5 basis point increase over 5.26% in the trailing quarter, and a 10 basis point improvement over the quarter ended June 30, 2025. The yield on average loans was 5.85%, a 7 basis point increase over 5.78% in the trailing quarter, and a 9 basis point increase from 5.76% in the second quarter of 2025. The average cost of total deposits was 1.27%, a 1 basis point increase from 1.26% in the trailing quarter, but a 10 basis point decrease from 1.37% in the same quarter of the prior year. The cost of interest-bearing liabilities was 1.87%, 2 basis points greater than the trailing quarter, and an 18 basis point decrease from 2.05% for the quarter ended June 30, 2025.

Asset Quality and Credit Quality

The provision for credit losses was $2.7 million in the second quarter of 2026, compared to $3.3 million in the trailing quarter and $4.7 million in the second quarter of 2025. The Allowance for Credit Losses (ACL) was $130.2 million, representing 1.78% of total loans as of June 30, 2026. This ACL ratio decreased by 3 basis points over the prior quarter. Non-performing assets were $75.6 million, or 0.76% of total assets, as of June 30, 2026. Non-performing assets as a percentage of total assets were 0.59% for Q2 2026, compared to 0.56% for Q1 2026 and 0.49% for Q2 2025. Non-performing loans decreased by -$0.6 million to $68.8 million compared to $69.5 million in the trailing quarter. The coverage ratio (ACL as % of Non-Performing Loans) was 189% for Q2 2026, compared to 184% for Q1 2026 and 192% for Q2 2025. Past due 30-89 days as a percentage of total loans was 0.74% for Q2 2026, compared to 0.75% for Q1 2026 and 0.67% for Q2 2025.

Noninterest Income

Total noninterest income increased by $1.2 million or 7.1% to $18.2 million in the second quarter of 2026 compared to $17.0 million in the trailing quarter. This increase was primarily driven by an $0.8 million rise in interchange and service charge income, and $0.6 million from insurance matters. For the six months ended June 30, 2026, total noninterest income increased by $2.1 million or 6.4% to $35.3 million compared to the prior year period.

Noninterest Expense

Total noninterest expense increased by $3.9 million or 6.6% to $62.9 million in the second quarter of 2026 compared to $59.1 million in the trailing quarter. This was mainly due to a $2.8 million increase in salaries and benefits, including a $1.8 million rise in incentive compensation and $0.9 million in merger-related expenses. For the six months ended June 30, 2026, total noninterest expense increased by $1.3 million or 1.0% to $122.0 million compared to the prior year period.

Other Financial Ratios

Return on average assets was 1.37% and return on average equity was 10.15% for the second quarter of 2026. Pre-tax pre-provision Return on Average Assets (ROAA) was 1.97%, compared to 1.74% for the same quarter in the prior year. Pre-tax pre-provision Return on Average Equity (ROAE) was 14.5%, compared to 13.4% for the same quarter in the prior year. The loan to deposit ratio was 87.36% as of June 30, 2026. The efficiency ratio was 56.25%. The effective tax rate for the quarter was 26.2%. The tangible capital ratio was 10.8% at June 30, 2026, compared to 10.5% in the trailing quarter and 10.0% in the same quarter of the prior year. Tangible book value per share was $32.40 at June 30, 2026.

Outlook / Guidance

TriCo Bancshares anticipates continued growth in loans and earning assets, supported by disciplined balance sheet management and the repricing of loans and investment securities. The company expects synergies from its merger with First Hawaiian Bank to expand its capacity and resources. Share repurchase activities are expected to be limited due to the merger announcement.