TCBK earnings analysis
What we found in TCBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
TriCo reported Q2 2026 diluted EPS of $1.06, improving from $1.04 in Q1 2026 and $0.84 a year earlier; reported revenue was $111.876 million. The balance-sheet profile remains favorable for asset repricing, with $7.3 billion of loans, including $5.0 billion of adjustable-rate loans, while the company had no brokered deposits or FHLB borrowings outstanding. However, the pending First Hawaiian mergers introduce substantial execution and regulatory risks, and interest-rate simulations show meaningful downside to NII and market value of equity under adverse scenarios.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS improved sequentially and year over year
- Diluted EPS was $1.06 in Q2 2026, up from $1.04 in Q1 2026 and $0.84 in Q2 2025, representing increases of $0.02 sequentially and $0.22 year over year.
- Loan portfolio provides rate sensitivity
- The loan portfolio totaled approximately $7.3 billion at June 30, 2026, including $5.0 billion of adjustable-rate loans and $1.0 billion floating based on the Wall Street Prime index.
- New loan yields rose sequentially
- Loan production carried a 6.50% weighted-average coupon in Q2 2026, compared with 6.33% in Q1 2026 and 6.87% in Q2 2025.
- Deposit mix supports funding economics
- Non-interest-bearing deposits represented 31.1% of total deposits, while the cost of interest-bearing deposits was 1.83% and the cost of total deposits was 1.27% during the quarter.
- No brokered deposits or FHLB debt
- The company had no FHLB borrowings outstanding as of or during the quarter ended June 30, 2026, and management stated it had not used brokered deposits during 2026 or 2025.
- Share repurchases remained limited
- The company repurchased 33,379 shares at an average price of $53.32 in June 2026; 1,552,789 shares remained available under the repurchase plan at month-end.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Merger regulatory approval risk
- The pending mergers require approvals or non-objections from the Federal Reserve Board, FDIC, Hawaii DFI and California DFPI, among others. The filing states approvals could be delayed, denied or conditioned in ways that impose additional costs or limit revenues.
- Merger failure could be costly
- If the mergers are not completed, TriCo could face adverse market, customer and employee reactions, litigation and lost opportunities; under certain termination circumstances, either party may owe an $80 million termination fee.
- Material interest-rate exposure
- The company’s interest-rate simulations show that a 300-basis-point rate increase would reduce estimated net interest income by 5.2% and market value of equity by 3.5%; a 300-basis-point decrease would increase NII by 2.1% but reduce MVE by 10.2%.
- Integration and operational disruption
- The filing warns that merger integration could cause loan and deposit attrition, service interruptions, processing errors, data loss or cybersecurity incidents, as well as additional costs; the potential duration of these effects is described as undetermined.
- Deposit contraction could raise funding costs
- Management may rely on borrowing facilities or brokered deposits if deposit balances contract, although no brokered deposits were used during 2026 or 2025 and no FHLB borrowings were outstanding at June 30, 2026.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.06
What they said about what is next.
No quantitative revenue or EPS outlook was provided in the available 10-Q text. Management stated it intends to continue deploying excess liquidity and/or migrating earning assets into higher-yielding categories, but did not provide numeric guidance.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 8, 2026
- TriCo Bancshares surpassed consensus estimates in Q1 2026 with diluted EPS of $1.04, up from $0.80 a year ago. Revenue also showed solid growth, increasing to $108.3 million from $101.4 million in Q1 2025, reflecting a…
- 10-K · March 2, 2026
- TriCo Bancshares (TCBK) reported FY2025 net income of $121.6M (up 5.8% YoY) and diluted EPS of $3.70 (up 6.9% YoY), driven by higher net interest income (FTE net interest income $351.9M, +5.8%) and improved net interest…
- 10-Q · November 10, 2025
- TriCo Bancshares reported Q3 2025 diluted EPS of $1.04 and net income of $34.0M on total revenue of $107.562M (net interest income $89.555M + noninterest income $18.007M). Revenue and EPS improved versus Q3 2024…
- 10-Q · August 11, 2025
- TriCo Bancshares reported Q2 2025 total revenue (net interest income + non-interest income) of $103,609,000 (NII $86,519,000; non-interest income $17,090,000), up $5,746,000 (5.9%) versus Q2 2024. Net income and diluted…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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