TriCo Bancshares Third Quarter 2024 Earnings: Beats Expectations

TriCo Bancshares (NASDAQ:TCBK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$98.9m (down 1.1% from 3Q 2023).
• Net income: US$29.1m (down 5.0% from 3Q 2023).
• Profit margin: 29% (down from 31% in 3Q 2023).
• EPS: US$0.88 (down from US$0.92 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TriCo Bancshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for TriCo Bancshares that we have uncovered.

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