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Get filing alertsTriCo Bancshares reports Q2 2026 net income of $34.2M, up 24% YoY, with margin expansion
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Net income of $34.2M ($1.06 EPS) rose 24.1% YoY; net interest margin expanded to 4.11%, up 4 bps QoQ and 23 bps YoY, driven by loan repricing and growth.
Exhibit 99.1 view on EDGAR → -
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Loans grew $242.9M (13.7% annualized) in Q2 to $7.3B, with originations of $632.9M; deposits rose $61.8M YoY (adjusted for sold deposits).
Exhibit 99.1 view on EDGAR → -
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Incurred $0.9M in merger costs related to the July 13, 2026 First Hawaiian merger announcement; share repurchases paused during the quarter.
Exhibit 99.1 view on EDGAR → -
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Provision for credit losses declined to $2.7M from $3.3M prior quarter; allowance-to-loans ratio 1.78%, down 3 bps QoQ; NPAs stable at 0.76% of assets.
Exhibit 99.1 view on EDGAR → -
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Tangible capital ratio improved to 10.8% from 10.5% prior quarter; all regulatory capital ratios remain well above required thresholds.
Exhibit 99.2 view on EDGAR →
Summary
TriCo Bancshares reported strong second quarter 2026 results, with net income of $34.2 million ($1.06 per share) up 24% from the prior year. The quarter's standout metric was net interest margin expansion to 4.11%, driven by both loan repricing (yield on loans rose 7 basis points to 5.85%) and robust loan growth of $242.9 million, or 13.7% annualized.
Management attributed the elevated origination volume of $632.9 million to customer confidence following recent tax and spending legislation. Credit quality remained stable, with the provision for credit losses declining to $2.7 million and non-performing assets holding at 0.76% of total assets. The quarter also reflected the company's pending strategic combination with First Hawaiian, announced July 13, 2026.
TriCo incurred $0.9 million in merger-related costs and paused share repurchases during active merger discussions. The tangible capital ratio improved to 10.8%, providing a solid foundation heading into the transaction. For retail holders, the results demonstrate healthy organic momentum—strong loan demand, margin expansion, and stable credit—positioning the franchise well whether as a standalone entity or in combination with First Hawaiian.
Section-by-Section Diff
Event · Exhibit 99.2
Added in current filing · view on EDGAR → · paraphrased
Net income ($MM) ... 2Q26 $34.2 ... Qtrly Diluted EPS ... 2Q26 $1.06
TriCo reported net income of $34.2 million and diluted EPS of $1.06 for the quarter ended June 30, 2026. Pre-tax pre-provision ROAA and ROAE were 1.97% and 14.5%, respectively, for the quarter.
Added in current filing · view on EDGAR →
Net interest margin (FTE) of 4.11% represented an increase of 4 basis points from the trailing quarter of 4.07% and a 23 basis point increase from the quarter ended June 30, 2025.
The net interest margin (FTE) improved to 4.11% in Q2 2026, up 4 basis points quarter-over-quarter and 23 basis points year-over-year. This expansion was driven by both loan growth and loan repricing, with net interest income (FTE) reaching $93.6 million.
Added in current filing · view on EDGAR →
Year over year loan balances increased $352.1 million or 5.1% and deposit balances increased by $61.8 million year- over year after adding back $68.8 million in sold deposits as of June 30, 2026.
Total loans grew $352.1 million (5.1%) year-over-year to $7.31 billion, while deposits increased $61.8 million after adjusting for sold deposits. The loan-to-deposit ratio was 87.4% for the quarter, up from 84.1% in the prior quarter.
Added in current filing · view on EDGAR →
The allowance for credit losses to total loans was 1.78% at June 30, 2026, a decrease of 3 basis points over the prior quarter.
The allowance for credit losses ratio declined to 1.78% from 1.81% in the prior quarter. The ACL-to-NPL coverage ratio was 189%, and consistent with prior periods, over 60% of total non-accrual loans were paid current.
Event · Item 2.02 — Results of Operations and Financial Condition
TriCo Bancshares disclosed Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, TriCo Bancshares (the "Company") announced its unaudited financial results as of and for the three and six months ended June 30, 2026.
The company announced second quarter and first half 2026 financial results. The 8-K body provides no quantitative details; all material figures are in the attached press release (Exhibit 99.1), which was not provided in this filing excerpt.
Event · Item 7.01 — Regulation FD Disclosure
TCBK filed investor presentation materials under Regulation FD; no material business event disclosed.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The executive officers of the Company intend to use the materials filed herewith, in whole or in part, in one or more presentations, discussions or meetings with investors. A copy of the investor presentation is attached hereto as Exhibit 99.2.
The company disclosed that its executive officers will use attached presentation materials in investor meetings. This is a procedural Regulation FD filing to publicly disclose materials being shared with select investors, ensuring fair disclosure. No new business developments, financial results, or strategic changes are announced in the 8-K body itself.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Net income was $34.2 million or $1.06 per diluted share as compared to $33.7 million or $1.04 per diluted share in the trailing quarter, and an increase of $6.6 million or 24.1% from the second quarter of 2025
TriCo Bancshares reported second quarter 2026 net income of $34.2 million, or $1.06 per diluted share, representing a 24.1% increase from the same quarter in 2025. The company's return on average assets was 1.37% and return on average equity was 10.15% for the quarter.
Added in current filing · view on EDGAR →
Net interest income (FTE) was $93.9 million, an increase of $2.4 million or 2.6% over the trailing quarter; net interest margin (FTE) was 4.11%, an increase of 4 basis points over 4.07% in the trailing quarter
Net interest income on a fully tax-equivalent basis increased to $93.9 million, up 2.6% from the prior quarter, while the net interest margin expanded to 4.11% from 4.07%. The improvement was driven by loan repricing, with the yield on average loans increasing 7 basis points to 5.85%, while deposit costs remained relatively stable.
Added in current filing · view on EDGAR →
Merger and acquisitions costs during the quarter totaled $0.9 million and were related to the proposed merger with First Hawaiian, Inc. announced on July 13, 2026.
The company incurred $0.9 million in merger-related expenses during the quarter in connection with the proposed merger with First Hawaiian, Inc., which was announced on July 13, 2026. Management indicated that share repurchase activities will be limited given the merger announcement.
Added in current filing · view on EDGAR →
The provision for credit losses was $2.7 million during the quarter ended June 30, 2026, as compared to $3.3 million during the trailing quarter
The provision for credit losses decreased to $2.7 million from $3.3 million in the prior quarter. The allowance for credit losses to total loans was 1.78%, down slightly from 1.81% in the prior quarter. Non-performing assets to total assets remained stable at 0.76%, and management noted that economic indicators evidenced stability and general economic expansion.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify