Trico Bancshares TCBK.OQ reported quarterly adjusted earnings of 84 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of six analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 78 cents to 85 cents per share.
Revenue rose 5.9% to $103.61 million from a year ago; analysts expected $101.09 million.
Trico Bancshares's reported EPS for the quarter was 84 cents.
The company reported quarterly net income of $27.54 million.
Trico Bancshares shares had risen by 3.7% this quarter and lost 3.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 $46.50, about 9.7% above its last closing price of $41.99
This summary was machine generated from LSEG data July 24 at 10:39 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)