A Business at a Glance
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TRICO BANCSHARES /
TCBK
$1.9B
Mkt Cap
$58.12
-1.96%
TRICO BANCSHARES / (TCBK) has a current P/E ratio of 15.7, compared to its historical median P/E of 12.1. The stock is currently considered Expensive based on its historical valuation range.
TRICO BANCSHARES / (TCBK) has a 5-year average return on invested capital (ROIC) of 10.8%. This indicates solid capital allocation.
TRICO BANCSHARES / (TCBK) has a market capitalization of $1.9B. It is classified as a small-cap stock.
Yes, TRICO BANCSHARES / (TCBK) pays a dividend with a trailing twelve-month yield of 2.36%. The company also returns capital through share buybacks, with a buyback yield of 1.68%.
Based on historical P/E analysis, TRICO BANCSHARES / (TCBK) appears expensive. The current P/E of 15.7 is 30% above its historical median of 12.1. The estimated fair value CAGR (P/E method) is 6.3%.
TRICO BANCSHARES / (TCBK) operates in the State Commercial Banks industry, within the Financials sector.
TRICO BANCSHARES / (TCBK) reported annual revenue of $539 million in its most recent fiscal year, based on SEC EDGAR filings.
TriCo Bancshares is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). TriCo's principal business is to serve as the holding company for our wholly-owned subsidiary, Tri Counties Bank, a California-chartered commercial bank (the “Bank”). TriCo is a California corporation and was incorporated in 1981. Our common stock is traded on the Nasdaq Global Select Market under the trading symbol "TCBK". The Company and the Bank are headquartered in Chico, California. As a bank holding company, TriCo is subject to the supervision of the Board of Governors of the Federal Reserve System (the “FRB”) under the BHC Act. The Bank is subject to the supervision of the California Department of Financial Protection & Innovation (the “DFPI”) and the Federal Deposit Insurance Corporation (the "FDIC"). See “Regulation and Supervision.” The Company maintains two capital subsidiary business trusts (collectively, the Trusts), both organized by the Company.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 539M | 539M | 531M | 500M | 419M | 341M |
| Net Income | 122M | 122M | 115M | 117M | 125M | 118M |
| EPS | $3.70 | $3.70 | $3.46 | $3.52 | $3.83 | $3.94 |
| Free Cash Flow | 128M | 128M | 105M | 134M | 159M | 129M |
| ROIC | 9.1% | 9.5% | 9.5% | 10.5% | 12.3% | 12.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | -0.06 | -0.06 | -0.43 | 0.33 | 0.21 | 0.02 |
| Dividends/Share | $1.37 | $1.38 | $1.32 | $1.20 | $1.10 | $1.00 |
| Operating Income | 6.1M | 6.1M | 155M | 161M | 174M | 164M |
| Operating Margin | 1.1% | 1.1% | 29.2% | 32.2% | 41.5% | 48.0% |
| ROE | 9.2% | 9.5% | 9.7% | 10.6% | 12.3% | 12.2% |
| Shares Outstanding | 33M | 33M | 33M | 33M | 33M | 30M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 156M | 207M | 218M | 231M | 277M | 326M | 322M | 341M | 419M | 500M | 531M | 539M | 539M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 58M | 71M | 81M | 83M | 94M | 106M | 112M | 106M | 130M | 136M | 141M | 150M | 150M |
| EBIT | 3.3M | 4.1M | 2.3M | 2.5M | 93M | 127M | 87M | 164M | 174M | 161M | 155M | 6.1M | 6.1M |
| Op. Margin | 2.1% | 2.0% | 1.0% | 1.1% | 33.7% | 38.9% | 27.1% | 48.0% | 41.5% | 32.2% | 29.2% | 1.1% | 1.1% |
| Net Income | 26M | 44M | 45M | 41M | 68M | 92M | 65M | 118M | 125M | 117M | 115M | 122M | 122M |
| Net Margin | 16.8% | 21.2% | 20.5% | 17.6% | 24.6% | 28.2% | 20.1% | 34.5% | 30.0% | 23.5% | 21.6% | 22.6% | 22.6% |
| Non-Recurring | 49K | -129K | -929K | -142K | -185K | -82K | -67K | 439K | 1.1M | -23K | -19K | -117K | -117K |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 10.1% | 9.6% | 8.2% | 10.2% | 10.7% | 7.1% | 12.2% | 12.3% | 10.5% | 9.5% | 9.5% | 9.1% |
| ROE | 7.8% | 10.1% | 9.6% | 8.2% | 10.2% | 10.7% | 7.1% | 12.2% | 12.3% | 10.6% | 9.7% | 9.5% | 9.2% |
| ROA | 0.8% | 1.1% | 1.0% | 0.9% | 1.2% | 1.4% | 0.9% | 1.4% | 1.4% | 1.2% | 1.2% | 1.2% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 27M | 55M | 48M | 55M | 91M | 103M | 115M | 132M | 163M | 139M | 110M | 133M | 133M |
| Free Cash Flow | 23M | 49M | 37M | 40M | 84M | 99M | 112M | 129M | 159M | 134M | 105M | 128M | 128M |
| Owner Earnings | 22M | 48M | 41M | 48M | 84M | 95M | 107M | 124M | 153M | 129M | 99M | 123M | 123M |
| CapEx | 4.7M | 5.5M | 11M | 15M | 7.4M | 4.3M | 2.8M | 3.2M | 3.6M | 4.9M | 4.6M | 5.4M | 5.4M |
| Maint. CapEx | 4.6M | 5.0M | 5.3M | 5.7M | 6.1M | 6.5M | 6.1M | 5.9M | 5.7M | 5.8M | 5.6M | 5.8M | 5.8M |
| Growth CapEx | 17K | 446K | 5.6M | 9.5M | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 4.6M | 5.0M | 5.3M | 5.7M | 6.1M | 6.5M | 6.1M | 5.9M | 5.7M | 5.8M | 5.6M | 5.8M | 5.8M |
| CapEx/OCF | 17.0% | 10.0% | 22.7% | 27.4% | 8.2% | 4.2% | 2.4% | 2.4% | 2.2% | 3.5% | 4.2% | 4.0% | 4.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 7.8M | 12M | 14M | 15M | 19M | 25M | 26M | 30M | 36M | 40M | 44M | 45M | 45M |
| Dividend Yield | 2.4% | 2.7% | 2.8% | 2.2% | 2.3% | 2.6% | 3.3% | 2.6% | 2.6% | 3.4% | 3.4% | 3.3% | 2.4% |
| Share Buybacks | 292K | 412K | 1.9M | 1.6M | 2.5M | 2.2M | 27M | 4.3M | 27M | 9.2M | 16M | 32M | 32M |
| Buyback Yield | 0.1% | 0.1% | 0.3% | 0.2% | 0.3% | 0.2% | 2.9% | 0.4% | 1.8% | 0.7% | 1.1% | 2.0% | 1.7% |
| Stock-Based Comp | 1.1M | 1.4M | 1.5M | 1.6M | 1.5M | 1.7M | 2.0M | 2.6M | 3.9M | 4.1M | 4.7M | 4.8M | 4.8M |
| Debt Repayment | 2.9M | 3.1M | 5.2M | 105M | 271M | 2.6M | 8.5M | 23M | 215M | 368M | 543M | 78M | 78M |
| Balance Sheet | |||||||||||||
| Net Debt | 921M | 1.1B | -851M | -831M | -1.6B | -1.2B | -2.1B | -745M | 108M | 289M | -673M | -234M | -234M |
| Cash & Equiv. | 611M | 303M | 306M | 205M | 228M | 277M | 670M | 768M | 107M | 99M | 145M | 157M | 157M |
| Long-Term Debt | 4K | 4K | 9K | 305K | 2.7M | 387K | 17K | 22K | 421K | 20M | 15M | 1.1M | 1.1M |
| Debt/Equity | 3.86 | 4.01 | 0.01 | 0.21 | -0.32 | 0.00 | 0.01 | 0.02 | 0.21 | 0.33 | -0.43 | -0.06 | -0.06 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Equity | 418M | 452M | 477M | 506M | 827M | 894M | 925M | 1.0B | 1.0B | 1.2B | 1.2B | 1.3B | 1.3B |
| Total Assets | 3.9B | 4.2B | 4.5B | 4.8B | 6.4B | 6.5B | 7.6B | 8.6B | 9.9B | 9.9B | 9.7B | 9.8B | 9.8B |
| Total Liabilities | 3.5B | 3.8B | 4.0B | 4.3B | 5.5B | 5.6B | 6.7B | 7.6B | 8.9B | 8.8B | 8.5B | 8.5B | 8.5B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 176M | 206M | 232M | 255M | 303M | 368M | 382M | 467M | 543M | 616M | 680M | 740M | 740M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.46 | 1.91 | 1.94 | 1.74 | 2.54 | 3.00 | 2.16 | 3.94 | 3.83 | 3.52 | 3.46 | 3.70 | 3.70 |
| Owner EPS | 1.21 | 2.11 | 1.79 | 2.06 | 3.10 | 3.08 | 3.55 | 4.14 | 4.68 | 3.87 | 3.00 | 3.74 | 3.74 |
| Book Value | 23.38 | 19.71 | 20.67 | 21.70 | 30.76 | 29.12 | 30.83 | 33.49 | 31.96 | 34.77 | 36.78 | 40.42 | 40.42 |
| Cash Flow/Share | 1.53 | 2.39 | 2.09 | 2.38 | 3.39 | 3.35 | 3.83 | 4.43 | 4.97 | 4.16 | 3.30 | 4.06 | 3.88 |
| Dividends/Share | 0.44 | 0.52 | 0.60 | 0.66 | 0.70 | 0.82 | 0.88 | 1.00 | 1.10 | 1.20 | 1.32 | 1.38 | 1.37 |
| Shares Out. | 17.9M | 22.9M | 23.1M | 23.3M | 26.9M | 30.7M | 30.0M | 29.9M | 32.7M | 33.3M | 33.2M | 32.9M | 32.9M |
| Valuation | |||||||||||||
| P/E Ratio | 12.8 | 11.5 | 14.1 | 18.0 | 10.9 | 11.5 | 14.1 | 9.6 | 11.9 | 11.7 | 12.3 | 13.1 | 15.7 |
| P/FCF | 14.6 | 10.2 | 16.9 | 18.2 | 8.9 | 10.7 | 8.2 | 8.8 | 9.4 | 10.3 | 13.5 | 12.4 | 14.9 |
| EV/EBIT | N/A | 39.7 | 128.1 | 153.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 225.5 | 274.1 |
| Price/Book | 0.8 | 1.1 | 1.3 | 1.4 | 0.9 | 1.2 | 1.0 | 1.1 | 1.4 | 1.2 | 1.2 | 1.2 | 1.4 |
| Price/Sales | 2.2 | 2.2 | 2.3 | 3.1 | 3.1 | 3.1 | 2.5 | 3.4 | 3.3 | 2.8 | 3.2 | 3.3 | 3.5 |
| FCF Yield | 6.8% | 9.8% | 5.9% | 5.5% | 11.3% | 9.3% | 12.2% | 11.4% | 10.7% | 9.7% | 7.4% | 8.1% | 6.7% |
| Market Cap | 333M | 503M | 630M | 732M | 742M | 1.1B | 917M | 1.1B | 1.5B | 1.4B | 1.4B | 1.6B | 1.9B |
| Avg. Price | 18.31 | 19.09 | 21.37 | 29.61 | 30.84 | 31.49 | 26.23 | 37.95 | 41.32 | 35.67 | 38.46 | 42.11 | 58.12 |
| Year-End Price | 18.62 | 21.92 | 27.27 | 31.40 | 27.60 | 34.36 | 30.56 | 37.81 | 45.58 | 41.28 | 42.66 | 48.31 | 58.12 |
TRICO BANCSHARES / passes 5 of 9 quality checks, suggesting mixed fundamentals.
TRICO BANCSHARES / trades at 15.7x trailing earnings, compared to its 15-year median P/E of 12.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.6x vs a median of 10.5x. The company's 5-year average ROIC is 10.8%. Total shareholder yield (dividends + buybacks) is 4.0%. At current prices, the estimated annualized return to fair value is +2.5%.
TRICO BANCSHARES / (TCBK) has a net profit margin of 22.6%. This is a strong margin indicating high profitability.
TRICO BANCSHARES / (TCBK) generated $128 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRICO BANCSHARES / (TCBK) reported earnings per share (EPS) of $3.70 in its most recent fiscal year.
TRICO BANCSHARES / (TCBK) has a return on equity (ROE) of 9.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for TRICO BANCSHARES / (TCBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRICO BANCSHARES / (TCBK) has a book value per share of $40.42, based on its most recent annual SEC filing.