Overview

* Trico Bancshares ( TCBK ) Q3 net income rises 17% yr/yr to $34 mln

* Diluted EPS for Q3 increases to $1.04 from $0.88 yr/yr

* Net interest income for Q3 grows 8.4% yr/yr to $89.8 mln

Outlook

* Trico Bancshares ( TCBK ) anticipates crossing the $10 bln threshold in 2026

* Company expects steepening yield curve to boost net interest income

* Company sees positive trends benefiting future periods

Result Drivers

* LOAN GROWTH - Increased loan originations and fee income from refinancing activities contributed to higher net interest income

* DEBT MANAGEMENT - Reduction in interest expense on junior subordinated debt improved net interest margins

* CREDIT LOSS PROVISION - Significant decrease in provision for credit losses due to improved credit conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.04

Q3 Net $34.01

Income mln

Q3 Net $89.55

Interest mln

Income

Q3 $670,000

Credit

Loss

Provisio

n

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 ( TCBK ) is $48.00, about 11.8% above its October 21 closing price of $42.33

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)