TCBK Trico Bancshares

TriCo Bancshares is a bank holding company, which engages in the provision of banking services to retail customers and small to medium-sized businesses. It offers personal and business accounts; personal and business loans and credit; and personal and business services. The company was founded on October 13, 1981 and is headquartered in Chico, CA.
Company profile
Ticker
TCBK
Exchange
Website
CEO
Richard P. Smith
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TRICO BANCSHARES
SEC CIK
Corporate docs
IRS number
942792841
TCBK stock data
()
Calendar
1 Mar 21
22 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Dec 20 | Fleshood John | Common Stock | Option exercise | Aquire M | No | No | 0 | 2,678 | 0 | 17,579.85 |
1 Dec 20 | Fleshood John | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,678 | 0 | 9,616 |
1 Dec 20 | Fleshood John | Common Stock | Other | Aquire J | Yes | No | 0 | 0 | 0 | 647.58 |
1 Dec 20 | Fleshood John | Common Stock | Option exercise | Aquire M | No | No | 0 | 2,680 | 0 | 17,581.85 |
1 Dec 20 | Fleshood John | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,680 | 0 | 9,619 |
14 Sep 20 | Peter G Wiese | Common Stock | Other | Aquire J | No | No | 0 | 0 | 0 | 8,090 |
14 Sep 20 | Peter G Wiese | Common Stock | Other | Aquire J | Yes | No | 0 | 2,700 | 0 | 2,700 |
25 Aug 20 | Smith Richard P | Common Stock | Other | Aquire J | Yes | No | 0 | 0 | 0 | 35,297.24 |
25 Aug 20 | Smith Richard P | Common Stock | Other | Aquire J | Yes | No | 0 | 0 | 0 | 234.79 |
25 Aug 20 | Smith Richard P | Common Stock | Sell | Dispose S | No | No | 28.72 | 10,000 | 287.2K | 206,108 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
64.8% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 126 |
Opened positions | 18 |
Closed positions | 10 |
Increased positions | 36 |
Reduced positions | 41 |
13F shares |
Current |
---|---|
Total value | 1.12B |
Total shares | 19.26M |
Total puts | 10.6K |
Total calls | 2.3K |
Total put/call ratio | 4.6 |
Largest owners |
Shares | Value |
---|---|---|
FMR | 2.32M | $81.86M |
BLK Blackrock | 2.1M | $74.11M |
GS Goldman Sachs | 1.4M | $49.35M |
Dimensional Fund Advisors | 1.38M | $48.58M |
Vanguard | 1.24M | $43.69M |
BEN Franklin Resources | 978.98K | $34.54M |
Alliancebernstein | 949.41K | $33.5M |
Manufacturers Life Insurance Company, The | 853.1K | $30.1M |
Investment Counselors Of Maryland | 667.67K | $23.56M |
STT State Street | 654.39K | $23.09M |
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, 2020 increased $526,000 or 0.2% to $258,796,000 compared against $258,270,000 during the year ended December 31, 2019. The relatively unchanged amount of net interest income is reflective of the declining rate environment during the year ended December 31, 2020, as total average loan balances increased by approximately $534,912,000 in 2020, and excluding PPP loans, average loan balances increased by approximately $250,586,000 compared to December 31, 2019. The yield on interest earning assets was 4.11% and 4.74% for the year ended December 31, 2020 and 2019, respectively. This 63 basis point decrease in total earning asset yield was primarily attributable to a 33 basis point decrease in non-PPP loan yields and a 75 basis point decrease in yields on total investments. Of the 33 basis point decrease in yields on loans, a 32 basis point decline was attributable to decreases in market rates, offset partially by 1 basis point from the accretion of purchased loans. The decreases in yields on earning assets are consistent with decreased funding expenses as the costs of total interest bearing liabilities decreased 17 basis points to 0.25% during the year ended December 31, 2020, as compared to 0.42% for the year ended December 31, 2019. During the same period, costs associated with interest bearing deposits decreased by 15 basis points to 0.18% as compared to 0.33% in the prior year. The decrease in interest expense for the year ended December 31, 2020, as compared to the trailing year, was due largely to the decreased rate environment benefiting both the interest-bearing deposit expense and other borrowings interest expense.
- 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.
Content analysis
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H.S. junior Avg
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New words:
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Removed:
acceleration, accretable, amortize, arbitration, bill, borrow, collect, consulting, consummation, contacting, contrary, converted, CPI, CRE, creating, Crowe, DBO, deliberately, demonstrate, dictated, difficulty, Donald, encourage, entrance, expedient, factoring, forbearance, formally, fractional, hired, impractical, inadvertently, insignificant, installment, introduced, Lastly, Lessor, merged, minimize, mismanagement, move, newly, nonaccretable, OCI, offsetting, omit, opposed, originally, OTTI, overbuilding, pertinent, PNCI, pooled, prepare, prime, problem, prohibition, put, quantifiable, reassessed, referring, refinance, renewed, Reorganization, repossession, resultant, room, seasoning, smaller, suggest, surviving, task, tracked, Trump, unrealistic, vendor, weight
Financial reports
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
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
1 Mar 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
Current reports
8-K
Departure of Directors or Certain Officers
14 Apr 21
8-K
TriCo Bancshares Declares Quarterly Dividend
1 Mar 21
8-K
Trico Bancshares Announces Quarterly Results
26 Jan 21
8-K
Trico Bancshares Announces Quarterly Cash Dividend
20 Nov 20
8-K
Regulation FD Disclosure
26 Oct 20
8-K
Trico Bancshares Announces Quarterly Results
26 Oct 20
8-K
Trico Bancshares Announces Quarterly Cash Dividend
1 Sep 20
8-K
Regulation FD Disclosure
27 Jul 20
8-K
Trico Bancshares Announces Quarterly Results
27 Jul 20
8-K
Trico Bancshares Announces Quarterly Cash Dividend
1 Jun 20
Registration and prospectus
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
425
Business combination disclosure
10 May 18
425
Business combination disclosure
26 Apr 18
S-4/A
Registration of securities issued in business combination transactions (amended)
17 Apr 18
Proxies
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
DEF 14A
Definitive proxy
31 Mar 15
Ownership
SC 13G/A
TRICO BANCSHARES / FMR ownership change
8 Feb 21
SC 13G/A
TRICO BANCSHARES / BlackRock ownership change
31 Jan 21
4/A
TRICO BANCSHARES / John Fleshood ownership change
23 Dec 20
4
TRICO BANCSHARES / John Fleshood ownership change
2 Dec 20
4
TRICO BANCSHARES / Peter G Wiese ownership change
14 Sep 20
4
TRICO BANCSHARES / RICHARD P SMITH ownership change
25 Aug 20
4
TRICO BANCSHARES / Peter G Wiese ownership change
18 Aug 20
4
TRICO BANCSHARES / Glenn C Hunter ownership change
29 Jun 20
4
TRICO BANCSHARES / Gregory A Gehlmann ownership change
29 Jun 20
4
TRICO BANCSHARES / John Fleshood ownership change
29 Jun 20
Patents
APP
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.
GRANT
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.
GRANT
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.
APP
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.
GRANT
Utility
Fuel pump assembly
27 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.
Reddit threads
Daily Discussion Thread - March 11th, 2021
11 Mar 21
Daily Discussion Thread - March 10th, 2021
10 Mar 21
Daily Discussion Thread - March 9th, 2021
9 Mar 21
Daily Discussion Thread - March 8th, 2021
8 Mar 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - December 3rd, 2020
3 Dec 20
Daily Discussion Thread - December 2nd, 2020
2 Dec 20
Daily Discussion Thread - December 1st, 2020
1 Dec 20
Daily Discussion Thread - November 30th, 2020
30 Nov 20