TriCo Bancshares (TCBK) Reports Q4 EPS of $1.03 with 2.97% Net Interest Income Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
0mins
Source: seekingalpha
- Earnings Performance: TriCo Bancshares reported a Q4 GAAP EPS of $1.03, indicating stable profitability and bolstering investor confidence in the company's financial health.
- Net Interest Income Growth: The net interest income (FTE) reached $92.5 million, an increase of $2.7 million or 2.97% over the prior quarter, demonstrating the company's ongoing potential for revenue growth from interest.
- Loan Balance Increase: Loan balances rose by $104.3 million or 6.0% annualized from the previous quarter and increased by $342.6 million from the same quarter last year, reflecting strong demand in the credit market.
- Deposit Balance Changes: Deposit balances decreased by $70.6 million or 3.4% annualized from the prior quarter but increased by $176.3 million from the same quarter last year, indicating both challenges and opportunities in the company's deposit management.
Analyst Views on TCBK
Wall Street analysts forecast TCBK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TCBK is 50.00 USD with a low forecast of 46.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 50.610
Low
46.00
Averages
50.00
High
57.00
Current: 50.610
Low
46.00
Averages
50.00
High
57.00
About TCBK
TriCo Bancshares is a bank holding company. The Company’s principal business is to serve as the holding company for its subsidiary, Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank provides a breadth of personal, small business and commercial financial services, including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of treasury management services and other customary banking services, including safe deposit boxes at some branches. The Bank offers a variety of banking and financial services to both personal, small business and commercial customers. Brokerage services are provided at the Bank’s offices by Tri Counties Wealth Management Advisors. In addition, it has five capital trusts, which are all wholly owned trust subsidiaries formed for the purpose of issuing trust preferred securities (Trust Preferred Securities) and lending the proceeds to the Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
