Company profile

Ticker
TCBK
Exchange
Website
CEO
Richard P. Smith
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Trico Bancshares
SEC CIK
IRS number
942792841

TCBK stock data

(
)

Calendar

11 May 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 9.13M 10.63M 10.59M 10.13M
Net income 16.12M 22.89M 23.4M 23.06M
Diluted EPS 0.53 0.75 0.76 0.75
Net profit margin 177% 215% 221% 228%
Net change in cash -91.04M 17.46M 83.47M -143.13M
Cash on hand 185.47M 276.51M 259.05M 175.58M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 40.42M 38.46M 37.42M 33.23M
Net income 92.07M 68.32M 40.55M 44.81M
Diluted EPS 3 2.54 1.74 1.94
Net profit margin 228% 178% 108% 135%
Net change in cash 48.97M 22.11M -100.18M 2.15M
Cash on hand 276.51M 227.53M 205.43M 305.61M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
25 Jun 20 Hasbrook John S A RSU Common Stock Option exercise Dispose M No 0 1,053 0 1,509
25 Jun 20 Michael W Koehnen Common Stock Other Aquire J No 0 0 0 97,715
25 Jun 20 Michael W Koehnen Common Stock Other Aquire J No 0 0 0 4,400
25 Jun 20 Michael W Koehnen Common Stock Other Aquire J No 0 850 0 0
25 Jun 20 Michael W Koehnen Common Stock Other Aquire J No 0 0 0 2,300
25 Jun 20 Michael W Koehnen Common Stock Option exercise Aquire M No 0 1,053 0 98,144.76
25 Jun 20 Michael W Koehnen RSU Common Stock Option exercise Dispose M No 0 1,053 0 1,509
25 Jun 20 Hasbrook John S A Common Stock Other Aquire J No 0 0 0 1,200,447
25 Jun 20 Hasbrook John S A Common Stock Option exercise Aquire M No 0 1,053 0 44,838.44
25 Jun 20 Michael W Koehnen Common Stock Other Aquire J No 0 0 0 8,600
64.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 125 132 -5.3%
Opened positions 10 10
Closed positions 17 11 +54.5%
Increased positions 42 49 -14.3%
Reduced positions 43 42 +2.4%
13F shares
Current Prev Q Change
Total value 1.87B 2.25B -16.8%
Total shares 19.24M 19.46M -1.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
FMR 2.65M $78.93M +3.9%
BLK BlackRock 2.16M $64.55M +8.1%
Dimensional Fund Advisors 1.41M $42.08M +1.0%
FRLG Goldman Sachs 1.37M $40.71M -1.4%
Vanguard 1.31M $39.12M +0.9%
Manufacturers Life Insurance Company, The 869.63K $25.93M -12.3%
Alliancebernstein 713.02K $21.26M -5.3%
Renaissance Technologies 653.61K $19.49M -1.4%
NTRS Northern Trust 648.45K $19.34M -0.0%
STT State Street 583.63K $17.4M -1.2%
Largest transactions
Shares Bought/sold Change
BLK BlackRock 2.16M +161.89K +8.1%
Manufacturers Life Insurance Company, The 869.63K -122.32K -12.3%
Panagora Asset Management 195.86K -103.73K -34.6%
FMR 2.65M +100.35K +3.9%
AMP Ameriprise Financial 307.15K +90.88K +42.0%
Millennium Management 62.43K -83.98K -57.4%
JPM JPMorgan Chase & Co. 53.35K -59.76K -52.8%
BNP Paribas Asset Management Holding 124.76K -58.52K -31.9%
HNNA Hennessy Advisors 0 -42.5K EXIT
Context BH Capital Management 0 -41.92K EXIT

Financial report summary

?
Management Discussion
  • The Company’s primary source of revenue is net interest income, which is the difference between interest income on earning assets and interest expense on interest-bearing liabilities. Following is a summary of the Company’s net interest income for the periods indicated (dollars in thousands):
  • Net interest income (FTE) during the year ended December 31, 2019 increased $41,620,000 or 19.2% to $258,270,000 compared to $216,650,000 during the year ended December 31, 2018. The increase was substantially attributable to changes in volume of earning assets from the acquisition of FNB Bancorp in July 2018, in addition to organic loan growth experienced during 2019. The yield on interest earning assets was 4.74% and 4.55% for the year ended December 31, 2019 and 2018, respectively. This 19 basis point increase in total earning asset yield was primarily attributable to a 20 basis point increase in loan yields and a 11 basis point increase in yields on total investments. Of the 20 basis point increase in yields on loans, 15 basis points was attributable to increases in market rates while 5 basis points was from accretion of purchased loans. The increases in yields on earning assets were partially offset by increased funding expenses as the costs of total interest bearing liabilities increased 3 basis points to 0.42% during the year ended December 31, 2019, as compared to 0.39% for the year ended December 31, 2018. During the same period, costs associated with interest bearing deposits increased by 10 basis points to 0.33% as compared to 0.23% in the prior year. The increase in interest expense for the year ended December 31, 2019 as compared to the prior period was due largely to the increases in the average balances of interest-bearing liabilities associated with the acquisition of FNB Bancorp, offset partially by reductions in the average balance of other borrowings.
  • Net interest income (FTE) for the year ended December 31, 2018 increased $39,547,000 (22.3%) to $216,650,000 from $177,103,000 during the year ended December 31, 2017. The increase in net interest income (FTE) was due primarily to a $705,839,000 (24.8%) increase in the average balance of loans to $3,548,498,000 and a $160,433,000 (13.1%) increase in the average balance of investment securities to $1,383,975,000. Increases in average yields for earnings assets from 4.39% during 2017 to 4.55% during 2018 were offset by increases in the average rates paid on interest-bearing liabilities, primarily time deposits and other borrowings. The average rate paid on time deposits increased by 38 basis points from 0.48% during 2017 to 0.86% during 2018. Additionally, the average rate paid on other borrowings increased by 104 basis points, from 0.74% during 2017 to 1.78% during 2018. Also offsetting increases in net interest income was an increase in the average balance of other borrowings, which increased by $113,120,000 (274%) from $41,252,000 during the year ended December 31, 2017 to $154,372,000 during the year ended December 31, 2018. Despite the increase in average balance of other borrowings during the 2018 year as compared to 2017, the outstanding balance of other borrowings decreased to $15,839,000 at December 31, 2018 as compared to $122,166,000 at December 31, 2017. The decrease in other borrowings of $106,327,000 was primarily made possible through deposit growth. See Deposit Portfolio Composition below. The $705,839,000 increase in average loan balances compared to the prior year was due primarily to the merger of FNBB. The increase in the average yield on loans and investments-taxable was due to increases in the prime lending rate and market rates on investment purchased.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: absence, accrual, achieve, ACL, Aid, appetite, ASC, assist, assistance, Augmented, Automobile, begun, beverage, bond, breach, brokerage, brought, budget, building, burden, canceled, capacity, card, catastrophic, CDC, certainty, clarifying, client, climate, cohort, commonly, comply, composition, concentrated, concession, concurrence, confirmed, corollary, correlated, court, create, created, criteria, crop, cyber, deducted, deed, defend, deferral, demonstrated, depletion, difficulty, digital, discontinued, disease, disruption, distancing, domestic, dramatic, earlier, ease, effort, elevated, emergency, enacted, essential, evenly, eviction, evidenced, evolving, exposure, fact, faith, farmland, fashion, fifteen, floor, food, forbearance, forecast, forecasted, forecasting, foreign, forma, fourth, fraud, frequent, furloughed, gas, GDP, global, good, governmental, greatly, hampered, hardship, health, healthcare, hedging, heighten, HELOC, holder, hospitality, hotel, household, illiquid, illiquidity, imprecision, indirect, infrastructure, injury, innovation, instantaneously, intensive, intent, inventory, job, junior, laid, leading, leave, lender, LIBOR, lien, lifted, light, likelihood, likewise, livestock, macroeconomic, mandating, markedly, maximize, meaningful, median, met, mitigate, mitigation, mix, modestly, monthly, movement, Multifamily, nationwide, network, noncredit, notably, objective, obligation, online, organizational, outbreak, outlook, oversupply, pandemic, passage, pause, payoff, Payroll, PCD, personnel, pool, posed, PPP, preclusion, predominantly, President, prevalent, prevent, principle, pro, product, production, prospective, prudently, publicly, quarantine, quickly, ramp, ranked, rapid, rapidly, recession, reclassification, reform, Refreshed, relevant, rely, remedy, remote, removing, rentable, repay, residence, resolution, response, resume, resumed, retail, revolving, safe, safety, satisfactory, SBA, scenario, score, scrutiny, secondarily, sector, select, shelter, shock, short, simulation, small, social, stabilized, standby, static, station, statistically, stay, strong, structure, structured, subsided, successful, suspend, suspension, temporarily, tenant, terminated, tertiary, threshold, top, travel, treat, treated, treatment, troubled, turnover, unavailability, uncertain, uncertainty, unfunded, unique, unpredictable, update, water, weakened, wealth, weather, withholding, worker, workforce
Removed: accretable, add, AFS, announced, arising, attachment, Bay, blue, book, broader, casualty, Clara, consulting, consummation, contacting, contemplated, core, costly, counted, decide, delay, delinquent, develop, development, dictated, disclose, encourage, enhanced, evaluating, evidence, exact, expand, expanded, FNB, FNBB, force, forming, forthcoming, gathering, hindsight, improvement, incorporated, influenced, initiating, initiation, integration, introducing, judicial, July, lack, largely, Lastly, lawsuit, lend, Lessor, licensed, liquidated, low, Mateo, merged, mismanagement, modeling, obtain, opposed, organization, outpacing, overbuilding, package, permitted, pertinent, PNCI, prepare, Problem, processing, project, qualified, range, realizable, receipt, region, rent, replaced, repossession, residual, resultant, retire, revalue, review, room, Santa, scheduled, segregated, settle, software, stated, strategy, suggesting, task, unanticipated, unrealistic, vintage, volatility

Patents

APP
Utility
Fuel Pump Assembly
4 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.
GRANT
Utility
Fuel pump assembly
28 Apr 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.
GRANT
Utility
Fluid level visualization systems
11 Feb 20
A sight gauge assembly for displaying a fluid level of an object includes a first connection member comprising a tap defining a bore therethrough and a body comprising a first passageway and a second passageway such that the first passageway fluidly connects to the second passageway and the bore through an interior of the body and the second passageway to fluidly communicates with the first bore and a first accessory.
GRANT
Design
Fuel pump assembly
31 Dec 19
Inventors: Robert Soreo, Mike McKee, Lindsey Tufts, Jr., Ryan Gernheuser