TriCo Bancshares Q1 EPS Tops Estimates at $1.04 with $134.9M Revenue
TriCo Bancshares posted first-quarter net income of $33.7 million with diluted EPS of $1.04, topping analysts’ $0.97 estimate. Total revenue reached $134.9 million and net interest revenue was $108.3 million, both exceeding forecasted amounts.
1. Earnings Highlights
TriCo Bancshares delivered first-quarter net income of $33.7 million, producing diluted EPS of $1.04 versus the $0.97 analysts expected. This performance underscores the bank’s ability to convert revenue into profits more efficiently than forecasted.
2. Revenue Breakdown
Total revenue for the quarter was $134.9 million, with net interest revenue of $108.3 million after interest expense. Both figures outpaced consensus estimates of $134.0 million and $107.5 million respectively, reflecting robust lending and margin management.
3. Year-over-Year Growth
EPS increased from $0.80 in the year-ago quarter, marking a 30% rise driven by higher net interest income and controlled expenses. The revenue lift suggests continued momentum in core banking operations compared to the prior year.