TriCo Bancshares Reports Steady Q1 2026 Earnings Amid Economic Uncertainty — Tri Counties Bank

Event summary

TriCo Bancshares reported a net income of $33.7 million for Q1 2026, with diluted EPS of $1.04.
Deposit growth was strong at 6.8% annualized, while loan originations were consistent with expectations.
The company repurchased 447,211 shares at an average price of $48.30 per share during the quarter.
Non-performing assets increased to 0.77% of total assets as of March 31, 2026.
Net interest margin improved by 5 basis points to 4.07% compared to the trailing quarter.

The big picture

TriCo Bancshares' Q1 2026 results reflect stability amid a challenging economic environment, with strong deposit growth and consistent loan originations. The company's focus on managing credit quality and optimizing its net interest margin highlights its strategic adaptability in a period of uncertainty. However, the increase in non-performing assets and potential Federal Reserve actions pose risks that will need careful navigation.

What we're watching

Credit Quality Dynamics: How the increase in non-performing assets will impact TriCo's credit loss provisioning and overall asset quality.
Economic Sensitivity: Whether TriCo can sustain its deposit growth and loan originations amid ongoing economic uncertainty and potential Federal Reserve rate cuts.
Capital Allocation Strategy: The pace at which TriCo will continue share repurchases versus reinvesting in loan growth or other strategic initiatives.