| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
TCBK Overview
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers.
Rewards
Risk Analysis
No risks detected for TCBK from our risk checks.
Share Price & News
How has TriCo Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TCBK's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
1.6%
TCBK
0.9%
US Banks
-0.6%
US Market
1 Year Return
54.8%
TCBK
63.3%
US Banks
33.8%
US Market
Return vs Industry: TCBK underperformed the US Banks industry which returned 63.3% over the past year.
Return vs Market: TCBK exceeded the US Market which returned 33.8% over the past year.
Shareholder returns
| TCBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 0.9% | -0.6% |
| 30 Day | 3.5% | 1.3% | 2.0% |
| 90 Day | -4.9% | 4.6% | 4.7% |
| 1 Year | 58.4%54.8% | 67.7%63.3% | 35.8%33.8% |
| 3 Year | 10.9%3.2% | 21.9%11.4% | 60.0%50.1% |
| 5 Year | 67.9%50.7% | 94.7%70.1% | 123.0%98.7% |
Long-Term Price Volatility Vs. Market
How volatile is TriCo Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's What We Like About TriCo Bancshares' (NASDAQ:TCBK) Upcoming Dividend4 weeks ago | Simply Wall St
The total return for TriCo Bancshares (NASDAQ:TCBK) investors has risen faster than earnings growth over the last five years1 month ago | Simply Wall St
Who Has Been Selling TriCo Bancshares (NASDAQ:TCBK) Shares?TriCo Bancshares Fundamentals Summary
| TCBK fundamental statistics | |
|---|---|
| Market Cap | US$1.20b |
| Earnings (TTM) | US$103.27m |
| Revenue (TTM) | US$320.88m |
11.7x
P/E Ratio1.2x
P/B RatioIs TCBK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TCBK income statement (TTM) | |
|---|---|
| Revenue | US$320.88m |
| Cost of Revenue | US$0 |
| Gross Profit | US$320.88m |
| Expenses | US$217.61m |
| Earnings | US$103.27m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.47 |
| Gross Margin | 100.00% |
| Net Profit Margin | 32.18% |
| Debt/Equity Ratio | 10.2% |
How did TCBK perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield27%
Payout RatioValuation
Is TriCo Bancshares undervalued compared to its fair value and its price relative to the market?
49.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TCBK ($40.55) is trading below our estimate of fair value ($79.91)
Significantly Below Fair Value: TCBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCBK is poor value based on its PE Ratio (11.7x) compared to the US Banks industry average (10.8x).
PE vs Market: TCBK is good value based on its PE Ratio (11.7x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: TCBK is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: TCBK is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.1x).
Future Growth
How is TriCo Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCBK's forecast earnings growth (9.1% per year) is above the savings rate (2%).
Earnings vs Market: TCBK's earnings (9.1% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: TCBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TCBK's revenue (10.1% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: TCBK's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCBK's Return on Equity is forecast to be low in 3 years time (10.2%).
Past Performance
How has TriCo Bancshares performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCBK has high quality earnings.
Growing Profit Margin: TCBK's current net profit margins (32.2%) are higher than last year (25.1%).
Past Earnings Growth Analysis
Earnings Trend: TCBK's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: TCBK's earnings growth over the past year (47.9%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: TCBK earnings growth over the past year (47.9%) exceeded the Banks industry 36%.
Return on Equity
High ROE: TCBK's Return on Equity (10.7%) is considered low.
Financial Health
How is TriCo Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TCBK's Assets to Equity ratio (8.5x) is low.
Allowance for Bad Loans: TCBK has a sufficient allowance for bad loans (263%).
Low Risk Liabilities: 97% of TCBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TCBK has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: TCBK's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: TCBK has an appropriate level of bad loans (0.7%).
Dividend
What is TriCo Bancshares's current dividend yield, its reliability and sustainability?
2.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TCBK's dividend (2.47%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: TCBK's dividend (2.47%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: TCBK's dividends per share have been stable in the past 10 years.
Growing Dividend: TCBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.1%), TCBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TCBK's dividends in 3 years are forecast to be well covered by earnings (28.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
Rick Smith (63 yo)
21.83yrs
Tenure
US$2,833,364
Compensation
Mr. Richard P. Smith, also known as Rick, has been the Chief Executive Officer of TriCo Bancshares since November 1999 and also serves as its Chairman since May 2020. Mr. Smith has also been the Chief Exec...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD2.83M) is about average for companies of similar size in the US market ($USD3.69M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TCBK's management team is considered experienced (4.7 years average tenure).
Board Members
Experienced Board: TCBK's board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TriCo Bancshares's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TriCo Bancshares
- Ticker: TCBK
- Exchange: NasdaqGS
- Founded: 1974
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.205b
- Shares outstanding: 29.71m
- Website: https://www.tcbk.com
Number of Employees
Location
- TriCo Bancshares
- 63 Constitution Drive
- Chico
- California
- 95973
- United States
Listings
Biography
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time depo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:03 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.