Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — KBW 20th Annual Community Bank Investor Conference (July 2019)
32 slides from Trico Bancshares's conference presentation, Jul 29, 2019
Slide 1: KBW 20th Annual Community Bank Investor Conference
KBW 20th Annual Community Bank Investor Conference Richard P. Smith – President & Chief Executive Officer Peter Wiese – EVP & Chief Financial Officer July 2019 Exhibit 99.1
Slide 2: Safe harbor statement
Safe harbor statement The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertaintie
Slide 3: Agenda
agenda Most Recent Quarter Recap Company Overview Lending Overview Deposit Overview Financials
Slide 4: Most recent quarter highlights
Most recent quarter highlights Earnings Consistency Q2 2019 return on average assets of 1.44% versus 1.25% in Q2 2018 and 1.41% in the linked quarter. Average yield on earnings assets of 4.75% in Q2 2019 compared to 4.38% in Q2 2018 and 4.71% in the linked quarter. Industry Leading Net Interest Marg
Slide 5: Company Overview
KBW 20" Annual Community Investor Conference COMPANY OVERVIEW ® trico bancshares 5 July 2019
Slide 6: Company overview
COMPANY overview Asset Size:$6.4 Billion Founded:1975 Deposits:$5.3 Billion Loans (net):$4.1 Billion Bank Branches:79 ATMs:99 Market Area: TriCo currently serves 29 counties throughout Northern and Central California. These counties represent over 30% of California’s population.
Slide 7: Company overview
COMPANY overview Nasdaq:TCBK Stock Price*:$37.76 Market Capitalization:$1.15 billion Price to Book stated:1.3x Price to TBVPS1.8x Rank (Total Assets) among CA Publicly Traded Banks:12 (Source: SNL Financial) _________________________________________________________________________ *as of 7/25/2019 C
Slide 8: Executive Team
Executive Team Rick Smith President & CEO TriCo since 1993 John Fleshood EVP Chief Operating Officer TriCo since 2016 Dan Bailey EVP Chief Retail Banking Officer TriCo since 2007 Craig Carney EVP Chief Credit Officer TriCo since 1996 Peter Wiese EVP Chief Financial Officer TriCo since 2018 Richard O
Slide 9: Consistent earnings track record
Consistent earnings track record * * Impact of the Tax Cut and Jobs Act.
Slide 10: Diluted earnings per share
DILUTED EARNINGS PER SHARE $3.00 $2.50 $0.76 $2.00 $150 $0.50 i $0.54 i ore) | an : $0.25 $0.51 og $0.55 a $0.75 $1.00 $0.50 $0.58 $0.65 $0.50 $- Z. 2014 2015 2016 2017 2018 Q2 2019 mQl mQ2 ™Q3 mQ4 trico bancshares
Slide 11: Consistent organic growth and disciplined acquirer
*Total Assets for years ending 2000-2018. Consistent Organic growth and disciplineD acquirer CAGR 5 yrs.18.3% 10 yrs.12.0%
Slide 12: What keeps us up at night?
Aggressive and Irrational Competitors Duration of Flat and Inverted Yield Curves The Cost of Regulatory Compliance Technology Costs and Limited Vendor Competition Domestic Policy and International Relationships What keeps us up at night?
Slide 13: Loans
KBW 20% Ann Community Investor Con LOANS ® trico bancshares 13 July 2019
Slide 14: Consistent loan growth
CONSISTENT LOAN GROWTH *Note: Q3 2018 includes acquisition of FNB Bancorp (Loan Yield was 5.04%)
Slide 15: Loan portfolio mix
Loan portfolio MIX: *Excluding loans held-for-sale
Slide 16: Diversified CRE & construction portfolio
Diversified cre & construction portfolio Property Type Loan Size Avg. Loan Amount Office Building $769,000 Multifamily Residence $1,195,000 Retail Building $849,000 Warehouse $706,000 Hospitality $2,697,000 Mini Storage $1,695,000 Gas Station/Convenience $964,000 Restaurant $483,000 SFR (1-4/Condo)
Slide 17: Conservative construction and CRE underwriting culture – LTV distribution
CONSERVATIVE Construction and CRE UNDERWRITING CULTURE – Ltv distribution Loan to Value Avg. Loan Amount <50% $645,000 51%-60% $991,000 61%-65% $1,252,000 66%-70% $896,000 71%-75% $919,000 76%-80% $827,000 81%-90% $644,000 >90% $753,000
Slide 18: Diversified geography – CRE & Construction
Diversified geography – CRE & Construction
Slide 19: Non-performing assets & net charge offs
non-performing assets & NET charge offs 2015 > > > > < > < < < > > > < < 2014 2015201620172018Q1Q2 2019 2019 < <
Slide 20: Home equity loans outstanding
Home equity loans outstanding
Slide 21: Deposits
KBW 20" Annual Community Investor Conference DEPOSITS ® trico bancshares 21 July 2019
Slide 22: Consistent and balanced core deposit funding
Consistent and balanced core deposit funding* *Weighted average costs of deposits for the quarter ended 6/30/2019 Wtd.Avg. Rate - 1.27% Wtd.Avg. Rate - 0.09%
Slide 23: Market share of all branches sorted by zip code
Market share of all branches sorted by zip code Source: FDIC Summary of Deposits, June 2018 *Includes acquisition of FNB Bancorp – July 2018 Rank Institution Name State (Hdqtrd) Charter Deposits ($000) Market Share 1 U.S. Bank National Association OH Federal 9,893,012 21.2% 2 Wells Fargo & Company S
Slide 24: Consistent deposit growth – attractive cost
CONSISTENT DEPOSIT GROWTH – ATTRACTIVE COST *Note: Q3 2018 includes acquisition of FNB Bancorp (Deposit cost of 0.28%) CAGR – TO 12/31/2018 5 yrs.17.4% 10 yrs. 12.4%
Slide 25: Financials
KBW 20" Community Investor Conf FINANCIALS ® trico bancshares 25 July 2019
Slide 26: Net interest margin – contribution from discount accretion
Net interest margin – contribution from discount accretion
Slide 27: Return on average assets
RETURN ON AVERAGE ASSETS 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 0.87% 2014 1.11% 2015 1.41% 104% 1,24% 1.03% 0.89% 2016 2017 2018 Ql 2019 Q2 2019 trico bancshares
Slide 28: Return on average shareholder's equity
Return on average shareholder’s equity
Slide 29: Efficiency ratio (fully taxable equivalent)
Efficiency ratio (fully taxable equivalent)
Slide 30: Dividends paid
DividendS PAID 10.4% CAGR $0.60 $0.44 $0.52 $0.66 Annual Dividends $0.70
Slide 31: Capital ratios
CAPITAL RATIOS (so00's) 16.0% 14.0% july 2019 2014 2015 = Common Equity Tier 1 2016 mTier1 2017 2018 ® Total Risk Based Q1 2019 Q2 2019 § Tangible Common trico bancshares
Slide 32: TriCo Bancshares is committed to
TriCo Bancshares is committed to: Improving the financial success and well-being of our shareholders, customers, communities and employees. July 2019
TriCo Bancshares — KBW 20th Annual Community Bank Investor Conference (July 2019) on 6ix