TCBK TriCo Bancshares featured news, full reports, and detailed charts
TriCo Bancshares (TCBK) Wrap Up:
TriCo Bancshares (the "Company", "TriCo", "we" or "our") was incorporated in California on October 13, 1981. It was organized at the direction of the board of directors of Tri Counties Bank (the "Bank") for the purpose of forming a bank holding company. On September 7, 1982, the shareholders of Tri Counties Bank became the shareholders of TriCo and Tri Counties Bank became a wholly owned subsidiary of TriCo. At that time, TriCo became a bank holding company subject to the supervision of the Board of Governors of the Federal Reserve System ("FRB") under the Bank Holding Company Act of 1956, as amended. Tri Counties Bank remains subject to the supervision of the California Department of Financial Institutions and the Federal Deposit Insurance Corporation ("FDIC"). On July 31, 2003, the Company formed a subsidiary business trust, TriCo Capital Trust I, to issue trust preferred securities. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0000356171-08-000008.html#FIS_BUSINESS"www.tcbk.com
625 Employees
Founded in 1974
TriCo Bancshares (TCBK:NASDAQ)
LAST $16.25 USD
CHANGE TODAY +0.21 1.31%
VOLUME 25.7K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of TriCo Bancshares (TCBK)
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OPEN
$15.86
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PREVIOUS CLOSE
$16.04
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DAY HIGH
$16.40
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DAY LOW
$15.86
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52 WEEK HIGH
12/4/08 - $26.00
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52 WEEK LOW
03/9/09 - $10.60
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MARKET CAP
256.6M
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AVERAGE VOLUME 3 mo
40.2K
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DILUTED EPS TTM
$-2.06
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SHARES OUTSTANDING
15.8M
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EX-DATE
09/9/09
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P/E TTM
NM
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DIVIDEND
$0.52
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DIVIDEND YIELD
3.20%
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| K = Thousands M = Millions B = Billions | ||
TCBK Top Compensated Officers
Mr. Richard P. Smith
Chief Executive Officer, President, Director,...
Age: 51
Total Annual Compensation: $480.6K
Mr. Thomas J. Reddish
Chief Financial Officer, Principal Accounting...
Age: 49
Total Annual Compensation: $249.1K
Mr. Daniel K. Bailey
Executive Vice President of Retail Banking - ...
Age: 40
Total Annual Compensation: $192.8K
Mr. Richard O'Sullivan
Executive Vice President of Wholesale Banking...
Age: 52
Total Annual Compensation: $238.7K
Mr. Craig Carney
Executive Vice President of Tri Counties Bank...
Age: 50
Total Annual Compensation: $193.7K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for TriCo Bancshares (TCBK)
TriCo Bancshares Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/29/2009
TriCo Bancshares reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported earnings of $2,255,000; this represents a 63.8% decrease when compared with earnings of $6,235,000 for the quarter ended September 30, 2008. Diluted earnings per share decreased 64.1% to $0.14 from $0.39 for the quarter ended September 30, 2008. The decrease in earnings from the prior year quarter was primarily due to the company's decision to increase by $5,400,000 the provision for loan losses to $8,000,000 for the quarter ended September 30, 2009. Net interest income was $23,105,000 from $22,719,000 in the same period in 2008. Income before taxes was $3,521,000 from $10,322,000 in the same period in 2008. Book value per common share as on date was $12.79 from $12.14 in the same period in 2008. Return on average total assets was 0.43% from 1.26% in the same period in 2008. Return on average equity was 4.43% from 13.04% in the same period in 2008. The company reported diluted earnings per share for the nine months ended September 30, 2009 and 2008 were $0.48 and $0.78, respectively, on earnings of $7,649,000 and $12,557,000, respectively.
TriCo Bancshares expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
10/29/2009
TriCo Bancshares expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
TriCo Bancshares Declares Quarterly Cash Dividend Payable on September 30, 2009
08/26/2009
The Board of Directors of TriCo Bancshares declared a quarterly cash dividend of $0.13 (thirteen cents) per share at its meeting held on August 25, 2009. The dividend is payable on September 30, 2009 to holders of record at the close of business on September 11, 2009.
TCBK Competitors
| Company | Last | Change | |
| No competitor information is available for TCBK. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | TCBK | Industry Range |
| Price/Earnings | 21.9x |
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| Price/Sales | 2.8x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 21.6x |
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| TEV/Sales | NM | Not Meaningful |
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TCBK |
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TCBK transactions
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| No transactions in the last 6 months. | ||
More Recent News About TriCo Bancshares
More news for TCBK
TRICO BANCSHARES / Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations As TriCo Bancshares (the "Company") has not commenced any business operations independent of Tri Counties Bank (the "Bank"), the following discussion pertains primarily to the Bank. Average balances, including such balances used in calculating certain financial ratios, are generally comprised of average daily balances for the Company. Within Management's Discussion and Analysis of Financial Condition and Results of Operations, interest income and net interest income are generally presented on a fully tax-equivalent (FTE) basis. The presentation of interest income and net interest income on a FTE basis is a common practice within the banking industry. Interest income and net interest income are shown on a non-FTE basis in the Part I - Financial Information section of this Form 10-Q, and a reconciliation of the FTE and non-FTE presentations is provided below in the discussion of net interest income. Critical Accounting Policies and Estimates The Company's discussion and analysis of its financial condition and results of operations are based upon the Company's consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to the adequacy of the allowance for loan losses, intangible assets, and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for ...Click here to read the whole Article (external link)
TriCo Bancshares declares quarterly dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
TRICO BANCSHARES / Files SEC form 8-K, Other Events
Show all filings for TRICO BANCSHARES / | Request a Trial to NEW EDGAR Online Pro Form 8-K for TRICO BANCSHARES / 27-Aug-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading pu...Click here to read the whole Article (external link)
TriCo Bancshares Announces Quarterly Cash Dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
TriCo Bancshares Announces Quarterly Earnings
 TRICO BANCSHARES - CONSOLIDATED FINANCIAL DATA (Unaudited. Dollars in thousands, except share data)   Three months ended September 30,2009  June 30,2009  March 31,2009  December 31,2008  September 30,2008 Statement of Income Data     Interest income $27,889 $28,432 $28,882 $29,679 $29,971 Interest expense 4,784 5,286 5,884 7,064 7,252 Net interest income 23,105 23,146 ...Click here to read the whole Article (external link)
Expansion Continues as Tri Counties Bank Opens New Bakersfield Branch Inside Wal-Mart Supercenter on Oct. 28, 2009
CHICO, Calif.--(BUSINESS WIRE)--Chico-based Tri Counties Bank, a wholly-owned subsidiary of TriCo Bancshares (NASDAQ:TCBK - News) and the largest community bank in the Sacramento Valley, announced today its second Bakersfield location will open inside the new Wal-Mart Supercenter located at 6225 Colony St. in Bakersfield on Oct. 28, 2009. “Tri Counties Bank is positioned to offer our customers the ‘best of both worlds,’†said Richard P. Smith, president and CEO of Tri Counties Bank. “We are large enough to provide the same products and services you would find at a large financial institution, yet still nimble enough to deliver a refreshing approach to banking and the hometown, ‘know you by name’ service our customers would expect from their local community bank.â€Tri Counties Bank has been serving customers in the Bakersfield area since 1996. The bank currently operates one branch in Bakersfield.th branch in the Tri Counties Bank network.Tri Counties Bank will continue to celebrate grand opening specials for the first 100 new customers who will receive a gift card to Wal-Mart with the purchase of their new Perfect Choice checking account. Additionally, Tri Counties Bank will be giving away a $500 Wal-Mart gift card and a family 4-pack of tickets to Disneyland.The South Panama branch will feature:TriCo Bancshares and Tri Countie...Click here to read the whole Article (external link)
ClairMail to Power Tri Counties Bank Mobile Banking Technology
NOVATO, CA--(Marketwire - 09/01/09) - ClairMail, Inc., the leader in proactive mobile banking and payment solutions, today announced that Tri Counties Bank, a subsidiary of TriCo Bancshares (NASDAQ:TCBK - News), has selected ClairMail to power its new mobile banking technology. Tri Counties Bank launched the new service for its customers in July 2009. Tri Counties Bank customers can now access their accounts and receive personalized text alerts via their mobile devices, empowering them with greater control over all aspects of their personal finances. Customers are able to check account balances, transfer funds and view transaction history over SMS and mobile web using any mobile device. Cu...Click here to read the whole Article (external link)
TRICO BANCSHARES / Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue35,682 36,428 35,497 35,101 Cost of Revenue4,186 4,778 5,202 5,858 Gross Profit - 31,650 30,295 29,243 Operating ExpensesResearch Development - - - - Selling General and Administrative19,377 19,344 17,201 17,121 Non Recurring - - - - Others8,000 7,850 7,800 4,318 Total Operating Expenses - - - - Operating Income or Loss - 4,456 5,294 7,804 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes4,119 4,456 5,294 7,804 Interest Expense598 508 682 1,206 Income Before Tax3,521 3,948 4,612 6,598 Income Tax Expense1,266 1,436 1,730 2,357 Minority Interest - - - - Net Income From Continuing Ops2,255 2,512 2,882 4,241 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - &...Click here to read the whole Article (external link)
TRICO BANCSHARES / Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations As TriCo Bancshares (the "Company") has not commenced any business operations independent of Tri Counties Bank (the "Bank"), the following discussion pertains primarily to the Bank. Average balances, including such balances used in calculating certain financial ratios, are generally comprised of average daily balances for the Company. Within Management's Discussion and Analysis of Financial Condition and Results of Operations, interest income and net interest income are generally presented on a fully tax-equivalent (FTE) basis. The presentation of interest income and net interest income on a FTE basis is a common practice within the banking industry. Interest income and net interest income are shown on a non-FTE basis in the Part I - Financial Information section of this Form 10-Q, and a reconciliation of the FTE and non-FTE presentations is provided below in the discussion of net interest income. Critical Accounting Policies and Estimates The Company's discussion and analysis of its financial condition and results of operations are based upon the Company's consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to the adequacy of the allowance for loan losses, intangible assets, and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the ba...Click here to read the whole Article (external link)
TRICO BANCSHARES / Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for TRICO BANCSHARES / | Request a Trial to NEW EDGAR Online Pro Form 8-K for TRICO BANCSHARES / 30-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes ...Click here to read the whole Article (external link)
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