TriCo Bancshares
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The last earnings update was 21 days ago. More info.
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TCBK Share Price and Events
7 Day Returns
1 Year Returns
TCBK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TriCo Bancshares (TCBK) | -7.6% | -6.4% | 12.9% | 1.4% | 46.9% | 43.9% |
| US Banks | -1.6% | -2.2% | 13.1% | -11.1% | 47.2% | 38.9% |
| US Market | 0.4% | 1.6% | 16.4% | 3.5% | 39.4% | 44% |
1 Year Return vs Industry and Market
- TCBK outperformed the Banks industry which returned -11.1% over the past year.
- TCBK underperformed the Market in United States of America which returned 3.5% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TriCo Bancshares
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TriCo Bancshares.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $30.50 * 11.5% |
$3.50 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 5 analysts. | $30.50 |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.63 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.628 (1 + (1- 21%) (6.46%)) |
0.772 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NasdaqGS:TCBK using Excess Returns Model Model
The calculations below outline how an intrinsic value for TriCo Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (11.5% – 7.5%) * $30.50) |
$1.21 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $1.21 / (7.5% - 2.73%) |
$25.35 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $30.50 + $25.35 |
$55.85 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $55.85 |
| Current discount | Discount to share price of
$37.11
= -1 x ($37.11 - $55.85) / $55.85 |
33.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TriCo Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).
- TriCo Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TriCo Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TriCo Bancshares's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.57 |
| NasdaqGS:TCBK Share Price ** | NasdaqGS (2019-03-22) in USD | $37.11 |
| United States of America Banks Industry PE Ratio | Median Figure of 587 Publicly-Listed Banks Companies | 13.03x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.52x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TriCo Bancshares.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TCBK Share Price ÷ EPS (both in USD) = 37.11 ÷ 2.57 |
14.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriCo Bancshares is overvalued based on earnings compared to the US Banks industry average.
- TriCo Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
TriCo Bancshares's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.44x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
17.5%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 260 Publicly-Listed Banks Companies | 1.18x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.44x ÷ 17.5% |
0.83x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriCo Bancshares is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
TriCo Bancshares's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $27.20 |
| NasdaqGS:TCBK Share Price * | NasdaqGS (2019-03-22) in USD | $37.11 |
| United States of America Banks Industry PB Ratio | Median Figure of 592 Publicly-Listed Banks Companies | 1.23x |
| United States of America Market PB Ratio | Median Figure of 5,157 Publicly-Listed Companies | 1.88x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TCBK Share Price ÷ Book Value per Share (both in USD) = 37.11 ÷ 27.20 |
1.36x |
* Primary Listing of TriCo Bancshares.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriCo Bancshares is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess TriCo Bancshares's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) TriCo Bancshares has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TriCo Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- TriCo Bancshares's earnings growth is expected to exceed the United States of America market average.
- TriCo Bancshares's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:TCBK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 17.5% |
| NasdaqGS:TCBK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 11.6% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 333 | 98 | 4 | |
| 2019-12-31 | 316 | 92 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 262 | 91 | 68 |
| 2018-09-30 | 242 | 69 | 48 |
| 2018-06-30 | 228 | 61 | 44 |
| 2018-03-31 | 227 | 60 | 42 |
| 2017-12-31 | 224 | 55 | 41 |
| 2017-09-30 | 226 | 55 | 50 |
| 2017-06-30 | 227 | 52 | 50 |
| 2017-03-31 | 222 | 64 | 46 |
| 2016-12-31 | 219 | 48 | 45 |
| 2016-09-30 | 215 | 49 | 44 |
| 2016-06-30 | 210 | 53 | 44 |
| 2016-03-31 | 208 | 46 | 46 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from TriCo Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.17 | 3.24 | 3.10 | 5.00 |
| 2019-12-31 | 2.98 | 3.05 | 2.93 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.57 |
| 2018-09-30 | 1.95 |
| 2018-06-30 | 1.91 |
| 2018-03-31 | 1.85 |
| 2017-12-31 | 1.77 |
| 2017-09-30 | 2.19 |
| 2017-06-30 | 2.20 |
| 2017-03-31 | 2.02 |
| 2016-12-31 | 1.96 |
| 2016-09-30 | 1.92 |
| 2016-06-30 | 1.94 |
| 2016-03-31 | 2.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess TriCo Bancshares's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TriCo Bancshares has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has TriCo Bancshares performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TriCo Bancshares's year on year earnings growth rate has been positive over the past 5 years.
- TriCo Bancshares's 1-year earnings growth exceeds its 5-year average (68.5% vs 15.1%)
- TriCo Bancshares's earnings growth has exceeded the US Banks industry average in the past year (68.5% vs 43.2%).
Earnings and Revenue History
All data from TriCo Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 262.05 | 68.32 | 110.66 | |
| 2018-09-30 | 242.00 | 48.10 | 99.99 | |
| 2018-06-30 | 228.34 | 43.83 | 94.42 | |
| 2018-03-31 | 226.79 | 42.39 | 93.58 | |
| 2017-12-31 | 224.43 | 40.55 | 92.96 | |
| 2017-09-30 | 225.69 | 50.10 | 98.33 | |
| 2017-06-30 | 226.64 | 50.40 | 96.50 | |
| 2017-03-31 | 222.45 | 46.22 | 94.27 | |
| 2016-12-31 | 218.52 | 44.81 | 90.86 | |
| 2016-09-30 | 214.57 | 43.70 | 88.57 | |
| 2016-06-30 | 209.76 | 44.20 | 86.69 | |
| 2016-03-31 | 208.06 | 46.16 | 85.34 | |
| 2015-12-31 | 203.40 | 43.82 | 85.52 | |
| 2015-09-30 | 196.21 | 38.05 | 84.34 | |
| 2015-06-30 | 183.32 | 33.59 | 79.20 | |
| 2015-03-31 | 165.60 | 27.08 | 73.88 | |
| 2014-12-31 | 155.00 | 26.11 | 68.16 | |
| 2014-09-30 | 142.37 | 25.69 | 63.03 | |
| 2014-06-30 | 138.64 | 24.82 | 62.39 | |
| 2014-03-31 | 139.24 | 26.29 | 63.64 | |
| 2013-12-31 | 139.41 | 27.40 | 61.32 | |
| 2013-09-30 | 139.07 | 26.89 | 60.26 | |
| 2013-06-30 | 137.41 | 24.54 | 59.91 | |
| 2013-03-31 | 135.84 | 23.54 | 58.40 | |
| 2012-12-31 | 129.25 | 18.99 | 60.09 | |
| 2012-09-30 | 127.62 | 20.82 | 58.56 | |
| 2012-06-30 | 117.48 | 22.27 | 57.70 | |
| 2012-03-31 | 109.39 | 19.72 | 55.34 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TriCo Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- TriCo Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if TriCo Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess TriCo Bancshares's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TriCo Bancshares has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TriCo Bancshares Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 827.37 | 72.88 | 108.22 |
| 2018-09-30 | 802.12 | 339.83 | 109.36 |
| 2018-06-30 | 512.34 | 209.79 | 98.98 |
| 2018-03-31 | 505.26 | 121.95 | 91.12 |
| 2017-12-31 | 505.81 | 179.02 | 123.36 |
| 2017-09-30 | 506.73 | 155.54 | 108.81 |
| 2017-06-30 | 498.94 | 79.32 | 12.12 |
| 2017-03-31 | 486.72 | 71.91 | 31.83 |
| 2016-12-31 | 477.35 | 74.16 | 227.43 |
| 2016-09-30 | 481.89 | 75.85 | 3.80 |
| 2016-06-30 | 473.87 | 76.03 | 10.91 |
| 2016-03-31 | 463.44 | 75.19 | 76.70 |
| 2015-12-31 | 452.12 | 68.80 | 23.65 |
| 2015-09-30 | 443.35 | 63.28 | 16.22 |
| 2015-06-30 | 431.14 | 63.10 | 26.09 |
| 2015-03-31 | 424.83 | 65.42 | 19.69 |
| 2014-12-31 | 418.17 | 65.55 | 35.53 |
| 2014-09-30 | 267.38 | 53.90 | 29.33 |
| 2014-06-30 | 260.94 | 47.31 | 33.69 |
| 2014-03-31 | 256.98 | 47.96 | 25.86 |
| 2013-12-31 | 250.95 | 47.57 | 38.56 |
| 2013-09-30 | 245.45 | 55.86 | 35.42 |
| 2013-06-30 | 239.33 | 47.81 | 38.52 |
| 2013-03-31 | 236.03 | 49.36 | 34.49 |
| 2012-12-31 | 229.36 | 50.44 | 49.49 |
| 2012-09-30 | 227.20 | 50.50 | 36.24 |
| 2012-06-30 | 223.23 | 102.07 | 38.84 |
| 2012-03-31 | 219.04 | 110.31 | 50.50 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- TriCo Bancshares has an acceptable proportion of non-loan assets held.
- TriCo Bancshares's liabilities are made up of primarily low risk sources of funding.
- Loans at TriCo Bancshares are broadly funded by customer deposits.
- TriCo Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- TriCo Bancshares has a sufficient allowance for bad loans.
- TriCo Bancshares has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess TriCo Bancshares's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TriCo Bancshares has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is TriCo Bancshares's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
TriCo Bancshares
shares you are expected to receive
$41
in your first year as a dividend.
Dividend Amount
- TriCo Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- TriCo Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 470 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2006 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.85 | 6.00 |
| 2019-12-31 | 0.80 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-28 | 0.760 | 1.913 |
| 2018-11-30 | 0.760 | 2.103 |
| 2018-09-04 | 0.680 | 1.830 |
| 2018-05-23 | 0.680 | 1.752 |
| 2018-02-28 | 0.680 | 1.792 |
| 2017-11-29 | 0.680 | 1.752 |
| 2017-08-22 | 0.680 | 1.743 |
| 2017-05-23 | 0.680 | 1.901 |
| 2017-03-08 | 0.600 | 1.709 |
| 2016-12-05 | 0.600 | 1.714 |
| 2016-09-01 | 0.600 | 2.179 |
| 2016-06-07 | 0.600 | 2.209 |
| 2016-03-04 | 0.600 | 2.282 |
| 2015-12-02 | 0.600 | 2.302 |
| 2015-09-03 | 0.520 | 2.008 |
| 2015-06-04 | 0.520 | 2.139 |
| 2015-03-05 | 0.440 | 1.843 |
| 2014-12-05 | 0.440 | 1.825 |
| 2014-09-04 | 0.440 | 1.828 |
| 2014-06-04 | 0.440 | 1.922 |
| 2014-03-07 | 0.440 | 1.811 |
| 2013-12-10 | 0.440 | 1.677 |
| 2013-09-05 | 0.440 | 1.833 |
| 2013-06-13 | 0.440 | 2.022 |
| 2013-03-06 | 0.360 | 2.001 |
| 2012-12-11 | 0.360 | 2.146 |
| 2012-08-29 | 0.360 | 2.253 |
| 2012-05-22 | 0.360 | 2.369 |
| 2012-03-09 | 0.360 | 2.189 |
| 2011-12-07 | 0.360 | 2.360 |
| 2011-08-23 | 0.360 | 2.684 |
| 2011-05-24 | 0.360 | 2.569 |
| 2011-03-10 | 0.360 | 2.341 |
| 2010-12-01 | 0.360 | 2.309 |
| 2010-09-01 | 0.360 | 2.392 |
| 2010-05-26 | 0.360 | 2.122 |
| 2010-03-10 | 0.520 | 2.614 |
| 2009-12-09 | 0.520 | 2.965 |
| 2009-08-26 | 0.520 | 3.222 |
| 2009-05-20 | 0.520 | 3.375 |
| 2009-03-23 | 0.520 | 3.191 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
TriCo Bancshares's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.7x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
Income/ dividend checks
We assess TriCo Bancshares's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TriCo Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TriCo Bancshares has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,772,449 |
| AGE | 60 |
| TENURE AS CEO | 19.3 years |
CEO Bio
Mr. Richard P. Smith, also known as Rick, has been the Chief Executive Officer of TriCo Bancshares since November 1999. Mr. Smith has also been the Chief Executive Officer of Tri Counties Bank, a subsidiary of Trico Bancshares since 1999. Mr. Smith has been President of TriCo Bancshares since November 1999. Mr. Smith has been President of Tri Counties Bank, a subsidiary of Trico Bancshares since September 1998. He joined Tri Counties Bank in 1994 as its Vice President and Chief Information Officer, served as Senior Vice President of Customer/Employee Support and Control from April 1997 to October 1998 and also served as its Executive Vice President. He served as Executive Vice President of TriCo since October 1998. Mr. has been a Director of TriCo Bancshares and Tri Counties Bank since 1999. Mr. Smith is a Member of the board of directors and a Member of the Executive Board of the California Banker's Association.
CEO Compensation
- Rick's compensation has been consistent with company performance over the past year.
- Rick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the TriCo Bancshares management team in years:
- The average tenure for the TriCo Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Rick Smith
President
$2M
60
19.3 yrs
John Fleshood
Executive VP & COO
$727K
55
2.3 yrs
Craig Compton
Corporate Secretary & Director
$124K
62
8.2 yrs
Richard O'Sullivan
Executive VP & Chief Commercial Lending Officer of Tri Counties Bank
$571K
61
21.4 yrs
Craig Carney
Executive VP & Chief Credit Officer of Tri Counties Bank
$1M
59
22.2 yrs
Peter Wiese
EVP & CFO
43
0.6 yrs
Jason Cove
Shareholder Relations
2.2 yrs
Bruce Belton
Vice President
Michael Murphy
Vice President and Marketing Director
57
5.2 yrs
Glenn Hunter
Senior VP & Chief Human Resource Officer
67
5.7 yrs
Board of Directors Tenure
Average tenure and age of the TriCo Bancshares board of directors in years:
- The average tenure for the TriCo Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
William Casey
Chairman & Lead Director
$130K
73
18.2 yrs
Rick Smith
President
$2M
60
19.3 yrs
Mike Koehnen
Vice Chairman of the Board
$116K
57
9.2 yrs
Craig Compton
Corporate Secretary & Director
$124K
62
30.2 yrs
Don Amaral
Director
$81K
65
16.2 yrs
John S. Hasbrook
Director
$118K
58
17.2 yrs
L. Chrysler
Director
$71K
64
11.1 yrs
W. Walker
Director
$71K
73
10 yrs
Cory Giese
Director
$71K
39
6.1 yrs
Martin Mariani
Director
$73K
61
4.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Feb 19 | Sell | W. Walker | Individual | 11. Feb 19 | 11. Feb 19 | -3,632 | $37.62 | $-136,629 | ||
| 20. Dec 18 | Buy | Peter Wiese | Individual | 06. Dec 18 | 06. Dec 18 | 1,250 | $36.00 | $45,000 | ||
| 20. Dec 18 | Sell | Cory Giese | Individual | 14. Dec 18 | 14. Dec 18 | -2,000 | $35.73 | $-71,460 | ||
| 20. Dec 18 | Sell | W. Walker | Individual | 14. Dec 18 | 14. Dec 18 | -3,443 | $35.48 | $-122,158 | ||
Management checks
We assess TriCo Bancshares's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TriCo Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Is TriCo Bancshares's (NASDAQ:TCBK) Share Price Doing?
TriCo Bancshares (NASDAQ:TCBK), operating in the financial services industry based in United States,. … led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?
Simply Wall St - – Full articleUpdate: TriCo Bancshares (NASDAQ:TCBK) Stock Gained 58% In The Last Five Years
For example, long term TriCo Bancshares (NASDAQ:TCBK) shareholders have enjoyed a 58% share price rise over the last half decade, well in excess of the market return of around 40% (not including dividends). … During five years of share price growth, TriCo Bancshares achieved compound earnings per share (EPS) growth of 8.5% per year. … So the EPS growth rate is rather close to the annualized share price gain of 9.6% per year.
Simply Wall St - – Full articleWhat Makes TriCo Bancshares (NASDAQ:TCBK) A Hard Investment?
As a small-cap finance stock with a market capitalisation of US$1.2b, the risk and profitability of TriCo Bancshares (NASDAQ:TCBK) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like TriCo Bancshares to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place TriCo Bancshares in a safe position in the face of adverse headwinds.
Simply Wall St - – Full articleDoes TriCo Bancshares (NASDAQ:TCBK) Have A Place In Your Portfolio?
Historically, TriCo Bancshares (NASDAQ:TCBK) has paid a dividend to shareholders. … Does TriCo Bancshares tick all the boxes of a great dividend stock? … Check out our latest analysis for TriCo Bancshares
Simply Wall St - – Full articleOne Thing To Remember About The TriCo Bancshares (NASDAQ:TCBK) Share Price
Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleAre Insiders Selling TriCo Bancshares (NASDAQ:TCBK) Stock?
So we'll take a look at whether insiders have been buying or selling shares in TriCo Bancshares (NASDAQ:TCBK). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price.
Simply Wall St - – Full articleHow Much is TriCo Bancshares's (NASDAQ:TCBK) CEO Getting Paid?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rick Smith's Compensation Compare With Similar Sized Companies. … Our data indicates that TriCo Bancshares is worth US$1.1b, and total annual CEO compensation is US$1.8m.
Simply Wall St - – Full articleShould We Worry About TriCo Bancshares's (NASDAQ:TCBK) P/E Ratio?
We'll look at TriCo Bancshares's (NASDAQ:TCBK) P/E ratio and reflect on what it tells us about the company's share price. … TriCo Bancshares has a P/E ratio of 19.3, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Makes TriCo Bancshares (NASDAQ:TCBK) A Hard Investment?
As a small-cap bank stock with a market capitalisation of US$1.1b, TriCo Bancshares’s (NASDAQ:TCBK) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Since a bank profits from reinvesting its clients’ deposits in the form of loans, negative economic growth may lower deposit levels and demand for loan, adversely impacting its cash flow. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry.
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine TriCo Bancshares (NASDAQ:TCBK)?
saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $39.63 and falling to the lows of $33.37. … A question to answer is whether TriCo Bancshares's current trading price of $33.37 reflective of the actual value of the? … Let’s take a look at TriCo Bancshares’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCompany Info
Description
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. It accepts demand, savings, and money market accounts, as well as time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans. In addition, the company offers treasury management services; and other customary banking services, including safe deposit boxes. Further, it provides independent financial and broker-dealer services. The company operates 69 traditional branches, 9 in-store branches, and 2 loan production offices in northern and central California. TriCo Bancshares was incorporated in 1974 and is headquartered in Chico, California.
Details
| Name: | TriCo Bancshares |
| TCBK | |
| Exchange: | NasdaqGS |
| Founded: | 1974 |
| $1,129,039,056 | |
| 30,424,119 | |
| Website: | http://www.tcbk.com |
| Address: |
TriCo Bancshares 63 Constitution Drive, Chico, California, 95973, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | TCBK | Common Stock | Nasdaq Global Select | US | USD | 19. Apr 1993 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/22 23:43 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/03/19 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
