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Trico Bancshares (TCBK)

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout Northern and Central California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc.

Company profile

Ticker
TCBK
Exchange
NASDAQ
Website
www.tcbk.com
CEO
Richard P. Smith
Employees
Incorporated
California
Location
California
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
Bank Of New York Mellon • State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc ...
Former names
TRICO BANCSHARES
SEC CIK
0000356171
Corporate docs
IRS number
942792841

TCBK stock data

News

From Benzinga Pro
Piper Sandler Maintains Overweight on TriCo, Raises Price Target to $52
17 May 22
Piper Sandler analyst Matthew Clark maintains TriCo (NASDAQ:TCBK) with a Overweight and raises the price target from $49 to $52.
Analyst Ratings for TriCo
11 May 22
Analysts have provided the following ratings for TriCo (NASDAQ:TCBK) within the last quarter:
Benzinga's Top Ratings Upgrades, Downgrades For May 11, 2022
11 May 22
Upgrades
Stephens & Co. Upgrades TriCo to Overweight, Raises Price Target to $48
11 May 22
Stephens & Co. Maintains Equal-Weight on TriCo, Raises Price Target to $46
4 May 22

Press releases

From Benzinga Pro
TriCo Bancshares Announces First Quarter 2022 Results
28 Apr 22
Notable Items for First Quarter 2022 Completed the merger and system conversion of Valley Republic Bancorp ("VRB") effective March 25, 2022 Organic loan growth, excluding PPP, for the quarter of $187.9
TriCo Bancshares Completes Merger with Valley Republic Bancorp, Appoints New Director and Resumes Stock Repurchase Program
28 Mar 22
TriCo Bancshares (NASDAQ:TCBK) ("TriCo") has completed its previously-announced merger with Valley Republic Bancorp (OTC:VLLX) ("Valley") as of March 25, 2022. The combined company, operating as TriCo Bancshares with
TriCo Bancshares and Valley Republic Bancorp Announce Receipt of Regulatory Approvals for Merger
1 Mar 22
TriCo Bancshares (NASDAQ:TCBK) ("TriCo") and Valley Republic Bancorp (OTC:VLLX) ("Valley") today announced that all required regulatory approvals for the mergers of Valley into TriCo and Valley Republic Bank into Tri
TriCo Bancshares Announces Quarterly Cash Dividend
1 Mar 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$48.25
Low target
$44.00
High target
$52.00
Piper Sandler
Maintains
Overweight
$52.00
17 May 22
Stephens & Co.
Upgraded
Overweight
$48.00
11 May 22
Janney Montgomery Scott
Upgraded
Buy
$49.00
3 May 22
Raymond James
Maintains
Outperform
$44.00
29 Apr 22

Calendar

9 May 22
20 May 22
31 Dec 22

Financial summary

Financial statements Chart TCBK financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Recent insider trades

TCBK insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 22 Giese Cory W Common Stock Sell Dispose S Yes No 42 2,500 105K 41,848
17 May 22 Giese Cory W Common Stock Sell Dispose S No No 42 2,500 105K 9,503.47
6 May 22 Leggio Anthony L. Common Stock Other Acquire J Yes No 0 0 0 31,065
5 May 22 Leggio Anthony L. Common Stock Buy Acquire P Yes No 40.44 188 7.6K 75,000.5
3 May 22 Leggio Anthony L. Common Stock Buy Acquire P No No 39.69 1,575 62.51K 108,596.95
3 May 22 Leggio Anthony L. Common Stock Buy Acquire P No No 39.66 13 515.58 107,021.95
8 Apr 22 Hasbrook John S A Common Stock Option exercise Acquire M No No 15.34 4,000 61.36K 52,991.84
8 Apr 22 Hasbrook John S A Option Common Stock Common Stock Option exercise Dispose M No No 15.34 4,000 61.36K 4,000
8 Apr 22 Compton Craig S Common Stock Payment of exercise Acquire F No No 37.74 1,625 61.33K 167,470
8 Apr 22 Compton Craig S Common Stock Option exercise Acquire M No No 15.34 4,000 61.36K 169,095
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

TCBK institutional ownership history Ownership history
55.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 144 143 +0.7%
Opened positions 16 13 +23.1%
Closed positions 15 8 +87.5%
Increased positions 49 52 -5.8%
Reduced positions 55 44 +25.0%
13F shares Current Prev Q Change
Total value 1.04B 1.59B -34.9%
Total shares 18.86M 19.22M -1.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
FMR 2.69M $107.65M +0.7%
BLK Blackrock 2.26M $90.5M -1.8%
Vanguard 1.42M $56.77M +3.9%
Dimensional Fund Advisors 1.27M $50.82M +2.9%
BEN Franklin Resources 1.24M $49.44M +0.9%
GS Goldman Sachs 990.58K $39.65M -4.4%
STT State Street 817.17K $32.71M +9.1%
Alliancebernstein 816.84K $32.7M -1.9%
Davis Capital Partners 702.1K $28.11M NEW
Geode Capital Management 494.84K $19.81M -0.4%
Largest transactions Shares Bought/sold Change
Manufacturers Life Insurance Company, The 0 -855.58K EXIT
Davis Capital Partners 702.1K +702.1K NEW
Stieven Capital Advisors 0 -201.79K EXIT
STT State Street 817.17K +67.92K +9.1%
Millennium Management 11.88K -64.4K -84.4%
Vanguard 1.42M +52.76K +3.9%
GS Goldman Sachs 990.58K -46.01K -4.4%
Chico Wealth RIA 42.95K +42.95K NEW
BLK Blackrock 2.26M -41.79K -1.8%
Dimensional Fund Advisors 1.27M +35.63K +2.9%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Average balances, including balances used in calculating certain financial ratios, are generally comprised of average daily balances for the Company.
  • income, net interest income, net interest yield, and efficiency ratio are generally presented on a fully tax-equivalent (FTE) basis. The Company believes
  • the use of these non-generally accepted accounting principles (non-GAAP) measures provides additional clarity in assessing its results.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: AFS, ASC, beneficial, blended, block, CA, cautiously, commodity, confidence, conflict, counter, debenture, dollar, enhancing, entirety, entity, espionage, extinguishment, factor, feedback, flattening, floating, Fresno, geopolitical, goodwill, instability, invaded, inversion, led, listing, magnify, makeup, military, online, overlapping, party, PCD, portal, refinancing, relocated, replace, reprice, repricing, resumption, Russian, shift, staffing, sum, sustained, tied, transitory, Ukraine, Vintage, volatility, VRB, war
Removed: accepting, acquire, Aid, amending, authorization, base, clarifying, conclude, concurrence, confirmation, considerable, contemplated, COVID, cumulative, customer, Department, depressed, earlier, emergency, enacted, encouraging, expire, faith, floor, good, hardship, housing, implemented, incurred, Interagency, introduce, January, judgement, legislation, likewise, long, low, medium, national, neutral, NPA, October, originally, passage, President, pressure, prolonged, promote, promoted, prudently, rapidly, ratably, receipt, recessionary, reclassification, reduction, reflected, removing, resource, restructuring, retraction, simplification, simplified, Simplifying, streamlined, suspend, treated, uncertainty, work
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
9 May 22
10-K
2021 FY
Annual report
28 Feb 22
10-Q
2021 Q3
Quarterly report
8 Nov 21
10-Q
2021 Q2
Quarterly report
6 Aug 21
10-Q
2021 Q1
Quarterly report
7 May 21
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
2 Mar 20
Current reports
View all
8-K
Trico Bancshares Announces First Quarter 2022 Results
28 Apr 22
8-K
TriCo Bancshares Completes Merger with Valley Republic Bancorp, Appoints New Director and Resumes Stock Repurchase Program
28 Mar 22
8-K
Announce Receipt of Regulatory Approvals for Merger
1 Mar 22
8-K
Trico Bancshares Announces Quarterly Cash Dividend
1 Mar 22
8-K
Trico Bancshares Announces Annual and Quarterly Results
25 Jan 22
8-K
Trico Bancshares Announces Appointment to Its Board of Directors
24 Jan 22
8-K
Departure of Directors or Certain Officers
6 Jan 22
8-K
Other Events
22 Dec 21
8-K
Trico Bancshares Announces Quarterly Cash Dividend
19 Nov 21
8-K
Trico Bancshares Announces Quarterly Results
25 Oct 21
Registration and prospectus
View all
S-4/A
Registration of securities issued in business combination transactions (amended)
27 Oct 21
S-4
Registration of securities issued in business combination transactions
19 Oct 21
425
Business combination disclosure
28 Jul 21
S-3ASR
Automatic shelf registration
3 Jun 20
RW
Registration withdrawal request
3 Jun 20
S-3
Shelf registration
2 Jun 20
S-8
Registration of securities for employees
5 Mar 20
425
Business combination disclosure
6 Jun 18
425
Business combination disclosure
31 May 18
425
Business combination disclosure
23 May 18
Proxies
View all
DEF 14A
Definitive proxy
13 Apr 22
DEFA14A
Additional proxy soliciting materials
16 Apr 21
DEF 14A
Definitive proxy
16 Apr 21
DEFA14A
Additional proxy soliciting materials
6 May 20
DEF 14A
Definitive proxy
19 Apr 20
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEF 14A
Definitive proxy
18 Apr 19
DEF 14A
Definitive proxy
17 Apr 18
DEF 14A
Definitive proxy
16 Apr 17
DEF 14A
Definitive proxy
26 Apr 16
Other
View all
EFFECT
Notice of effectiveness
28 Oct 21
CORRESP
Correspondence with SEC
24 Oct 21
UPLOAD
Letter from SEC
20 Oct 21
EFFECT
Notice of effectiveness
18 Apr 18
CORRESP
Correspondence with SEC
16 Apr 18
UPLOAD
Letter from SEC
27 Mar 18
EFFECT
Notice of effectiveness
26 Jun 14
UPLOAD
Letter from SEC
20 Oct 09
CORRESP
Correspondence with SEC
30 Sep 09
CORRESP
Correspondence with SEC
13 Sep 09
Ownership
View all
4
TRICO BANCSHARES / Cory W Giese ownership change
19 May 22
4
TRICO BANCSHARES / Anthony L. Leggio ownership change
6 May 22
4
TRICO BANCSHARES / CRAIG S COMPTON ownership change
11 Apr 22
4
TRICO BANCSHARES / John S A Hasbrook ownership change
11 Apr 22
3
TRICO BANCSHARES / Anthony L. Leggio ownership change
5 Apr 22
4
TRICO BANCSHARES / Cory W Giese ownership change
25 Mar 22
4
TRICO BANCSHARES / CRAIG B CARNEY ownership change
28 Feb 22
4
TRICO BANCSHARES / Gregory A Gehlmann ownership change
28 Feb 22
4
TRICO BANCSHARES / DANIEL K BAILEY ownership change
28 Feb 22
4
TRICO BANCSHARES / John Fleshood ownership change
28 Feb 22

Patents

View all
Utility
Fuel pump assembly
1 Jun 21
A pump assembly for a fluid tank extends along a longitudinal axis and includes a cover at an external end, the cover including a flange that extends radially outward of the longitudinal axis, an insertable end opposite the external end along the longitudinal axis, and a rotatable arm that is flexible such that, when the rotatable arm is resiliently bent such that the rotatable arm has a radial extent, from the longitudinal axis, that is less than the flange, the sender assembly is in a compact state in which the insertable end and the flange would be able to move straight along the longitudinal axis, which is coaxial with a center axis of an opening of the fluid tank, from a position where the insertable end initially enters the opening to a position where the flange engages the fluid tank.
Utility
Apparatus and Methods for Lubricant Filtration and Drum Pump Filtration System
16 Dec 20
A lubricant filtration assembly is provided for quick attachment with a lubricant reservoir, for pre-filtering lubricant and pumping the lubricant to its intended destination.
Utility
Fuel pump assembly
14 Dec 20
A sender assembly that has a compact state, which may allow a pump assembly including the sender assembly to be easily inserted into an opening of a fluid tank.
Utility
Apparatuses, systems, and methods for determining fluid levels in objects
10 Aug 20
A fluid level determining system is for determining a fluid level of a fluid in a reservoir having an interior surface and an opposite, exterior surface.
Utility
Fuel Pump Assembly
3 Jun 20
A pump assembly for a fluid tank extends along a longitudinal axis and includes a cover at an external end, the cover including a flange that extends radially outward of the longitudinal axis, an insertable end opposite the external end along the longitudinal axis, and a rotatable arm that is flexible such that, when the rotatable arm is resiliently bent such that the rotatable arm has a radial extent, from the longitudinal axis, that is less than the flange, the sender assembly is in a compact state in which the insertable end and the flange would be able to move straight along the longitudinal axis, which is coaxial with a center axis of an opening of the fluid tank, from a position where the insertable end initially enters the opening to a position where the flange engages the fluid tank.

Reddit threads

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