The strong operating beat (EPS +9.3% vs consensus, NIM expansion, credit reversal) and merger catalyst with FHI are positive. Monitor for regulatory approvals and shareholder approvals for the FHI merger; next 10-Q for integration progress.
Price Chart
Executive Summary
TriCo Bancshares reported Q3 2026 net income of $38.0M ($1.18 diluted EPS), a 11.1% sequential increase and a 13.5% YoY increase. Net interest margin expanded to 4.16% (up 5 bps QoQ), loan growth continued at 5.4% annualized, and the company recorded a $1.9M benefit from credit losses. The filing also announces a pending merger with First Hawaiian Bank (FHI), with $3.8M in merger expenses incurred this quarter. The dividend was maintained at $0.36/share.
Key Facts
- Q3 2026 diluted EPS of $1.18 beat consensus of $1.08 by 9.26%, a 13.5% YoY increase from $1.04
- Net interest income (FTE) was $96.8M, up 3.1% QoQ; net interest margin expanded 5 bps to 4.16%
- Loan balances increased $99.1M (5.4% annualized) QoQ; deposits increased $74.6M (3.6% annualized) QoQ
- Benefit from credit losses was a $1.9M benefit vs $2.7M provision in prior quarter; ACL to loans was 1.73%
- Merger with First Hawaiian Bank (FHI) is pending; $3.8M in merger expenses incurred in Q3 2026
- Quarterly cash dividend maintained at $0.36 per share, payable Nov 27, 2026
Financial Impact
EPS beat consensus by 9.26% with NIM expansion; credit quality improving; merger pending
Risk Factors
- Merger integration risk with FHI; $3.8M merger expenses in Q3; non-recurring insurance proceeds ($2.2M) boosted non-interest income
- Non-performing assets to total assets increased to 0.79% vs 0.76% prior quarter; ACL coverage 184.2% of NPLs
- Book value per share decreased to $41.61 vs $42.03 prior quarter due to AOCI losses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000356171-26-000115 |
| Document: tcbk-20261020.htm | 0000356171-26-000115 |
| Document: 0000356171-26-000115-index-headers.html | 0000356171-26-000115 |
| Document: 0000356171-26-000115-index.html | 0000356171-26-000115 |
| Document: 0000356171-26-000115.txt | 0000356171-26-000115 |
| 8-K Data (Synthetic) | 0000356171-26-000115 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $54.39 | awaiting T+5 | — | $52.69 (−3.13%) |
Sep 16, 2026 5w ago | DEFM14A | $53.70 $52.10 | ▼ −2.98% | ▼ −3.58% | $52.69 (−1.88%) |
Aug 21, 2026 9w ago | 8-K | $55.07 $53.81 | ▼ −2.29% | ▼ −2.76% | $52.69 (−4.32%) |
Aug 14, 2026 10w ago | 425 | $57.46 $54.52 | ▼ −5.12% | ▼ −3.93% | $52.69 (−8.30%) |
Jul 29, 2026 12w ago | 425 | $57.91 $57.78 | ▼ −0.22% | ▼ −5.75% | $52.69 (−9.01%) |
Jul 29, 2026 12w ago | 425 | $57.91 $57.78 | ▼ −0.22% | ▼ −5.75% | $52.69 (−9.01%) |
Jul 23, 2026 13w ago | 425 | $59.28 $57.94 | ▼ −2.26% | ▼ −2.74% | $52.69 (−11.12%) |
Jul 13, 2026 15w ago | 425 | $60.07 $60.52 | ▲ +0.75% | ▲ +1.53% | $52.69 (−12.29%) |
Jul 13, 2026 15w ago | 425 | $60.07 $60.52 | ▲ +0.75% | ▲ +1.53% | $52.69 (−12.29%) |
Jun 11, 2026 19w ago | Institutional Cluster | $52.04 $50.90 | ▼ −2.19% | ▼ −2.62% | $52.69 (+1.25%) |
US Market Status
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