TriCo Bancshares (TCBK) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $33.6 million ($1.03 per diluted share), up 15.8% year-over-year, with pre-tax pre-provision ROAA at 1.98% and ROAE at 14.8%.

• Net interest income (FTE) rose 9.6% year-over-year and 2.97% sequentially to $92.5 million, with net interest margin improving to 4.02%.

• Efficiency ratio improved to 54.7% from 59.6% a year ago and 56.18% in the prior quarter, reflecting better cost management.

• Tangible capital ratio increased to 10.7% at year-end 2025, up from 9.7% a year earlier.

• The Board authorized a new share repurchase program for up to 2,000,000 shares, replacing the previous program.

Financial highlights

• Net income for Q4 2025 was $33.6 million, with diluted EPS of $1.03, up from $0.88 in Q4 2024 but down from $1.04 in Q3 2025.

• Full-year 2025 diluted EPS reached $3.94, with dividends per share at $1.38, a 10% CAGR over 10 years.

• Return on average assets was 1.34% and return on average equity was 10.02% for Q4 2025.

• Allowance for credit losses to total loans was 1.77% at year-end, down from 1.85% in 2024; non-performing assets to total assets were 0.72%.

• Loan balances grew to $7.11 billion, while deposits were $8.26 billion at year-end.

Outlook and guidance

• Management expects continued improvement in credit quality, incremental net interest income and margin growth, and stable capital ratios, despite anticipated 5% expense growth in 2026.

• Focus remains on cost control, deposit diversification, and maintaining strong liquidity, with positive operating leverage expected.