TriCo Q1 profit jumps 28% on margin expansion; nonperforming assets climb to 0.77%

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~1 min read

Key Changes

• high

  Net income rose 27.8% YoY to $33.7M ($1.04/share) as net interest margin expanded 34 bps to 4.07%, driven by lower deposit costs (down 17 bps to 1.26%) and improved loan yields.

  MD&A: Financial Performance verify on EDGAR →
• high

  Nonperforming assets increased to 0.77% of total assets (vs 0.59% a year ago) and nonperforming loans rose $14.6M (26.6%) YoY to $69.5M, signaling rising credit stress despite stable provision expense.

  MD&A: Asset Quality verify on EDGAR →
• high

  Share repurchases accelerated nearly 5x: 447,211 shares bought at $48.30 average price ($22.4M total) vs 89,654 shares ($3.7M) in Q1 2025, under a new 2025 program replacing the 2021 authorization.

  Controls & MD&A: Capital Management verify on EDGAR →