TriCo Bancshares
Market Cap
US$1.1b
Last Updated
2019/10/16 23:40 UTC
Data Sources
Company Financials +
Executive Summary
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers.
Snowflake
Fundamentals
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has TriCo Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.3%
TCBK
4.8%
US Banks
2.3%
US Market
1 Year Return
-0.7%
TCBK
0.04%
US Banks
5.6%
US Market
Return vs Industry: TCBK underperformed the US Banks industry which returned 0% over the past year.
Return vs Market: TCBK underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| TCBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 4.8% | 2.3% |
| 30 Day | -3.3% | -0.5% | -1.0% |
| 90 Day | -3.3% | 2.0% | -0.7% |
| 1 Year | 1.4%-0.7% | 2.9%0.04% | 7.9%5.6% |
| 3 Year | 43.3%35.4% | 51.5%41.1% | 45.6%36.3% |
| 5 Year | 72.8%56.6% | 70.9%52.3% | 65.8%47.6% |
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
Should We Worry About TriCo Bancshares's (NASDAQ:TCBK) P/E Ratio?3 weeks ago | Simply Wall St
One Thing To Remember About The TriCo Bancshares (NASDAQ:TCBK) Share Price1 month ago | Simply Wall St
Be Sure To Check Out TriCo Bancshares (NASDAQ:TCBK) Before It Goes Ex-DividendValuation
Is TriCo Bancshares undervalued compared to its fair value and its price relative to the market?
30.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: TCBK ($35.84) is trading below our estimate of fair value ($51.5)
Significantly Undervalued: TCBK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TCBK is poor value based on its PE Ratio (12.8x) compared to the Banks industry average (12.6x).
PE vs Market: TCBK is good value based on its PE Ratio (12.8x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: TCBK is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: TCBK is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is TriCo Bancshares forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
3.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCBK's forecast earnings growth (3.2% per year) is above the savings rate (2.7%).
Earnings vs Market: TCBK's earnings (3.2% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: TCBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TCBK's revenue (4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: TCBK's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: TCBK's Return on Equity is forecast to be low in 3 years time (10%).
Next Steps
Past Performance
How has TriCo Bancshares performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TCBK's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: TCBK's earnings growth over the past year (94.3%) exceeds its 5-year average (18.9% per year).
Earnings vs Industry: TCBK earnings growth over the past year (94.3%) exceeded the Banks industry 31.8%.
Return on Equity
High ROE: TCBK's Return on Equity (9.7%) is considered low.
Return on Assets
ROA vs Industry: TCBK has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate TCBK's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
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
Inventory Level: TCBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: TCBK's debt is covered by short term assets (assets are 2.896660x debt).
Financial Institutions Analysis
Asset Level: TCBK's level of assets compared to its equity is low.
Allowance for Bad Loans: TCBK has a sufficient allowance for bad loans.
Low Risk Liabilities: TCBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TCBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TCBK's loans are broadly funded by customer deposits.
Level of Bad Loans: TCBK has an appropriate level of bad loans (0.52%)
Next Steps
Dividend
What is TriCo Bancshares's current dividend yield, its reliability and sustainability?
2.46%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TCBK's dividend (2.46%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: TCBK's dividend (2.46%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: TCBK's dividend payments have been volatile 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 (26.4%), 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 (28.7% payout ratio).
Next Steps
Management
What is the CEO of TriCo Bancshares's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Rick Smith (61yo)
19.9yrs
Tenure
US$3,249,147
Compensation
Mr. Richard P. Smith, also known as Rick, has been the Chief Executive Officer of TriCo Bancshares since November 1999. Mr. Smith has also been the Chief Executive Officer of Tri Counties Bank, a subsidiar ...
CEO Compensation Analysis
Compensation vs. Market: Rick's total compensation ($USD3.25M) is about average for companies of similar size in the US market ($USD2.69M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
Management Age and Tenure
6.3yrs
Average Tenure
59yo
Average Age
Experienced Management: TCBK's management team is seasoned and experienced (6.3 years average tenure).
Board Age and Tenure
14.2yrs
Average Tenure
62.5yo
Average Age
Experienced Board: TCBK's board of directors are seasoned and experienced ( 14.2 years average tenure).
Insider Trading
Insider Buying: TCBK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Other Key Executive Executive VP & Chief Credit Officer of Tri Counties Bank |
| Shares | 5,122 |
| Max Price | US$36.38 |
| Entity | Individual |
| Role | Other Key Executive Executive VP & Chief Credit Officer of Tri Counties Bank |
| Shares | 5,166 |
| Max Price | US$37.02 |
| Entity | Company |
| Shares | 15,000 |
| Max Price | US$35.83 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,632 |
| Max Price | US$37.62 |
| Entity | Individual |
| Role | Chief Financial Officer EVP & CFO |
| Shares | 1,250 |
| Max Price | US$36.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 2,000 |
| Max Price | US$35.73 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,443 |
| Max Price | US$35.48 |
Ownership Breakdown
Management Team
Rick Smith (61yo)
President
- Tenure: 19.9yrs
- Compensation: US$3.25m
Craig Carney (60yo)
Executive VP & Chief Credit Officer of Tri Counties Bank
- Tenure: 22.8yrs
- Compensation: US$604.16k
Craig Compton (63yo)
Corporate Secretary & Director
- Tenure: 30.8yrs
- Compensation: US$118.42k
John Fleshood (56yo)
Executive VP & COO
- Tenure: 2.8yrs
- Compensation: US$804.07k
Dan Bailey (50yo)
Executive VP & Chief Banking Officer
- Tenure: 12.4yrs
- Compensation: US$660.64k
Glenn Hunter (68yo)
Senior VP & Chief Human Resource Officer
- Tenure: 6.3yrs
Michael Murphy (58yo)
Vice President and Marketing Director
- Tenure: 5.8yrs
Jason Cove
Shareholder Relations
- Tenure: 2.8yrs
Bruce Belton
Vice President
- Tenure: 0yrs
Peter Wiese (44yo)
EVP & CFO
- Tenure: 1.2yrs
- Compensation: US$1.02m
Board Members
William Casey (74yo)
Chairman & Lead Director
- Tenure: 18.8yrs
- Compensation: US$144.02k
Rick Smith (61yo)
President
- Tenure: 19.9yrs
- Compensation: US$3.25m
Craig Compton (63yo)
Corporate Secretary & Director
- Tenure: 30.8yrs
- Compensation: US$118.42k
Don Amaral (66yo)
Director
- Tenure: 16.8yrs
- Compensation: US$124.12k
W. Walker (74yo)
Director
- Tenure: 10.6yrs
- Compensation: US$87.34k
Mike Koehnen (58yo)
Vice Chairman of the Board
- Tenure: 9.8yrs
- Compensation: US$206.53k
John S. Hasbrook (59yo)
Director
- Tenure: 17.8yrs
- Compensation: US$200.11k
Martin Mariani (62yo)
Director
- Tenure: 5yrs
- Compensation: US$89.93k
L. Chrysler (65yo)
Director
- Tenure: 11.7yrs
- Compensation: US$87.34k
Cory Giese (40yo)
Director
- Tenure: 6.7yrs
- Compensation: US$87.34k
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$1.093b
- Shares outstanding: 30.51m
- Website: https://www.tcbk.com
Number of Employees
Location
- TriCo Bancshares
- 63 Constitution Drive
- Chico
- California
- 95973
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TCBK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1993 |
Biography
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 accou ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:40 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.