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

Trico Bancshares

25/04/2024 12:33

* Trico Bancshares  TCBK.OQ  reported quarterly adjusted
earnings
of 83 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $1.07.  The mean expectation of six analysts for the quarter
was for earnings of 79 cents per share. Wall Street expected
results to range from 69 cents to 84 cents per share.
    * Revenue rose 73% to $185.09 million from a year ago;
analysts
expected $100.04 million. 
    * Trico Bancshares's reported EPS for the quarter was 83
cents​.
    * The company reported quarterly net income of $27.75
million.
    * Trico Bancshares shares had fallen by 5.4% this
quarter and
lost 19.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 $42.50 
This summary was machine generated from LSEG data April 25 at
11:33 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
 Mar. 31 2024      0.79           0.83           Beat
 Dec. 31 2023      0.83           0.78           Missed
 Sep. 30 2023      0.88           0.92           Beat
 Jun. 30 2023      0.94           0.75           Missed