Trico Bancshares reports results for the quarter ended in June - Earnings Summary

Trico Bancshares

25/07/2024 12:09

* Trico Bancshares  TCBK.OQ  reported quarterly adjusted
earnings
of 87 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 75 cents.  The mean expectation of six analysts for the
quarter was for earnings of 79 cents per share. Wall Street
expected results to range from 74 cents to 84 cents per share.
    * Revenue rose 95.6% to $185.90 million from a year ago;
analysts
expected $98.12 million. 
    * Trico Bancshares's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $29.03
million.
    * Trico Bancshares shares had risen by 16.2% this
quarter and
gained 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Trico Bancshares
is $41.50 
This summary was machine generated from LSEG data July 25 at
11:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.79           0.87           Beat
 Mar. 31 2024      0.83           0.83           Met
 Dec. 31 2023      0.83           0.78           Missed
 Sep. 30 2023      0.88           0.92           Beat