TriCo Bancshares Reports Strong Q4, Exceeding Expectations
CHICO, Calif. - TriCo Bancshares (TCBK) reported net income of $29 million for the fourth quarter, an increase from the same period last year. Earnings per share reached 88 cents, surpassing the 82 cents estimate from Wall Street analysts.
The bank's revenue for the quarter was $133.1 million, with revenue net of interest expense reaching $100.4 million, both exceeding expectations. For the full year, TriCo Bancshares reported a profit of $114.9 million, or $3.46 per share, on revenue of $395.8 million.
These results demonstrate the company's continued financial strength and growth prospects.