TriCo Bancshares prelim Q3 net income rises, loan balances up
TriCo Bancshares prelim Q3 net income rises, loan balances up
Overview
California regional bank's preliminary Q3 net income and EPS rose yr/yr and sequentially
Net interest income and loan balances increased from prior quarter and year
Company declared unchanged $0.36 per share quarterly dividend
Outlook
Company did not provide specific financial guidance for future quarters or full-year results in its press release
Result Drivers
NET INTEREST INCOME - Co said increase was driven by higher interest income on earning assets, led by lending income
CREDIT LOSS REVERSAL - Co recorded benefit from credit losses due to improved collateral values and risk ratings
Company press release: ID:nBw9z4thma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $1.18 |
|
Q3 Net Income |
| $37.97 mln |
|
Q3 Net Interest Income |
| $96.55 mln |
|
Reuters Recommended Reads
Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality
Oct 20 - East West Bancorp Q3 revenue beats estimates on loan and deposit growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Trico Bancshares
See all newsTrico Bancshares reports results for the quarter ended September 30 - Earnings Summary
TriCo Bancshares prelim Q3 net income rises, loan balances up
Brief: Trico Bancshares Q3 Net Interest Income USD 96.546 Million
Trico Bancshares reports results for the quarter ended June 30 - Earnings Summary
Trico Bancshares Q2 net income rises on loan growth