Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Q2 2026 Earnings Presentation
28 slides from Trico Bancshares's earnings presentation, July 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Richard Smith, President & Chief Executive Officer Daniel Bailey, EVP & Chief Banking Officer Second Quarter 2026 Peter Wiese, EVP & Chief Financial Officer Investor Presentation | Second Quarter 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement The statements contained herein that are not historical facts are forward-looking statements based on current expectations and beliefs of the Company ("TriCo") and First Hawaiian, Inc. and its subsidiaries (including First Hawaiian Bank) ("FHI") concerning future developments a
Slide 3: Executive Team
Executive Team Rick Smith Dan Bailey Craig Carney Peter Wiese President & EVP EVP EVP Chief Executive Officer Chief Banking Officer Chief Credit Officer Chief Financial Officer Kristen Dominguez Greg Gehlmann Bret Funderburgh Jason Levingston Scott Myers Scott Robertson Angela Rudd SVP SVP SVP SVP S
Slide 4: Most Recent Quarter Highlights
Most Recent Quarter Highlights Pre-tax pre-provision ROAA and ROAE were 1.97% and 14.5%, respectively, for the quarter ended June 30, 2026, and Operating Leverage 1.74% and 13.4%, respectively, for the same quarter in the prior year. and Profitability Our efficiency ratio was 56.2% (55.5% exclud
Slide 5: Company Overview TCBK
Company Overview TCBK Headquarters: Chico, CA $9.93 $1.72 BILLION BILLION TOTAL ASSETS MARKET CAP** 68 Branches and $7.31 $8.37 83 ATMs serving 31 Counties BILLION BILLION TOTAL LOANS TOTAL DEPOSITS 4.09% 1.27% NET INTEREST COST OF TOTAL MARGIN (FTE)* DEPOSITS* 1.37% 55.4% RETURN ON EFFICIENCY AVERA
Slide 6: Consistent Earnings Track Record
Consistent Earnings Track Record $60 $1.20 $50 $1.00 $40 $0.80 Earnings (in Millions) Qtrly EPS (diluted) $30 $0.60 $20 $0.40 $10 $0.20 $0 $0.00 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 PPNR ($MM) $43.1 $46.2 $42.4 $42.0 $39.5 $39.6 $40.6 $39.0 $42.5 $47.1 $49.6 $49.2 $49.0 N
Slide 7: Shareholder Returns
Shareholder Returns Dividends per Share: 9% CAGR* Return on Avg. Shareholder Equity $1.44 $1.75 Q1 Q2 Q3 Q4 11.67% $1.50 $1.32 $1.38 10.65% $1.20 9.57% 10.11% 9.45% $1.25 $1.10 $0.36 $0.33 $0.30 $0.30 $1.00 $0.33 $0.36 $0.75 $0.30 $0.30 $0.33 $0.33 $0.36 $0.30 $0.50 $0.25 $0.25 $0.25 $0.30 $0.33 $0.
Slide 8: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 140.0 Int Income (FTE) 6.00% Net Int Income (FTE) 5.21% 5.21% 5.28% 5.22% 5.26% 5.23% 5.26% 5.31% NIM (FTE) 4.87% $120.2 $120.4 $121.3 3.98% 120.0 $116.6 $118.1 5.50% 3.96% 4.09% 3.92% 4.02% 4.07% 4.11% 3.88% 3.71% 3.89% 3.88% 5.00% 1.41% 1.37% 1.27% 1.37%
Slide 9: Current Operating Metrics
Current Operating Metrics PPNR as % of Average Assets Efficiency Ratio 1.97% 1.99% 1.98% 2.01% 1.97% 1.87% 1.81% 1.89% 59.1% 57.5% 59.0% 1.74% 55.8% 55.4% 56.2% 54.7% 54.5% 56.2% 1.66% 53.0% 2022 2023 2024 2025 2026 2Q25 3Q25 4Q25 1Q26 2Q26 2022 2023 2024 2025 2026 2Q25 3Q25 4Q25 1Q26 2Q26 ROAA ROE
Slide 10: Equity Capital: Well Capitalized, Well Managed
Equity Capital: Well Capitalized, Well Managed Quarter-to-Date Change in Equity Capital 15.7% Dollars in millions 16.0% 15.1% 15.0% $64.00 14.7% $34.2 $1.2 14.2% $(2.5) $1,343.6 $1,324.0 $(11.5) $(1.8) 14.0% 13.2% 13.3% 13.3% $56.00 12.2% 11.7% 12.0% $48.00 10.7% 10.8% Scaled to 9.7% $1.2 billion 10
Slide 11: Deposits
DEPOSITS Loans to Core Deposits (%) Mix of Demand & $8.37 TCBK Peers Savings Accounts BILLION 120 TOTAL DEPOSITS 100 80 15.5% 1.27% 89.9 88.3 87.8 87.7 87.7 87.5 87.2 86.6 86.5 86.5 86.5 84.0 80.4 60 40 as % of Total COST OF TOTAL Accounts, DEPOSITS 20 84.5% 0 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
Slide 12: Deposits: Strengths in Mix and Cost of Funds
DEPOSITS: Strengths in Mix and Cost of Funds Borrowings & Deposits = 99.4% of Funding Liabilities Subordinated Other Debt, 0.6% liabilities, 9,000 1.9% $8,376 $8,334 $8,404 $8,369 $8,205 $8,264 $8,095 $8,010 $7,988 $8,050 $8,037 $8,088 8,000 $7,834 Time Deposits, $2,560 $2,544 $2,559 $2,607 7,000 $2
Slide 13: Deposits: CD Balance and Maturity Composition
DEPOSITS: CD Balance and Maturity Composition CD Balances CD Maturities 3.50% 5.00% $1,130 $1,131 $800 3.12% 3.12% 3.13% 3.00% $1,074 $1,075 $1,075 $1,083 4.31% $1,063 4.50% $700 $1,000.00 $1,041 2.50% $979 4.26% $600 4.00% 4.05% 2.00% $500 $800.00 3.69% 3.50% $400 1.62% 3.49% 1.50% 3.42% $721 3.30%
Slide 14: Deposits: Interest Bearing Demand and Savings
DEPOSITS: Interest Bearing Demand and Savings $5,000 Interest Bearing Demand and Savings by Quarter 2.00% Int-Bearing Demand & Savings by Wtd Avg Rate $4,500 1.66% 1.66% $4,000 1.60% 1.46% 1.58% 1.43% 1.50% 1.51% 1.50% 1.38% $1,752 $3,500 $984 $1,014 $869 $3,000 $2 $2,500 1.00% <=0.01% 0.01% - 2.0%
Slide 15: Loans
LOANS $7.31 $7,000 $7,114 $6,961 $7,010 $7,114 $7,072 $7,313 BILLION Total Loans $6,795 $6,769 TOTAL LOANS Loan Yield $6,450 5.85% 6.00% 5.79% 5.76% 5.75% 5.77% 5.78% $6,000 5.75% 5.85% 5.44% 5.44% LOAN $5,000 5.32% 5.24% YIELD 5.16% $4,917 $4,763 1.78% $4,307 5.00% $4,000 5.02% $4,022 4.97% 4.86% A
Slide 16: Loans: Production vs. Payoff
LOANS: Production vs. Payoff Slower pace of originations relative Pace of originations has consistently gained to 2021-22 commensurate with momentum following the reorganization of market rate changes, liquidity Wholesale Banking, with net loan growth and management, and NIM preservation. repricing
Slide 17: Loans: CRE Collateral Values
LOANS: CRE Collateral Values Distribution by LTV (1) 100% LTV Range <= 60% 90% > 60% - 75% > 75% 80% 79% 75% 76% 70% 70% 60% 59% 57% 55% 50% 53% 40% 43% 44% 40% 39% 30% 29% 25% 20% 21% 21% 10% 7% 1% 2% 0% 0% 0% 3% 1% 0% Retail Building Office Building Hotel/Motel Light Industrial Mixed Use - Retail
Slide 18: Loans: Mix and Unfunded Commitments
LOANS: Mix and Unfunded Commitments HELOCs – by vintage, with weighted average rate (7.37% total WAR) Outstanding Principal ($MM) 1.00% $200 8.00% 7.76% 7.60% 7.59% 7.53% 7.36% 7.54% Unfunded Commitment ($MM) 7.25% 7.13% 7.29% 7.38% 7.20% 7.17% 7.40% $175 0.80% $154 5.65% $150 $172 0.60% $125 $100 $
Slide 19: Loans: C&I and Ag Production Utilization
LOANS: C&I and Ag Production Utilization C&I and Ag Production Utilization by NAICS Industry: 2Q-2026 Agriculture NAICS Segments $196 20000% Outstanding (mln) Unfunded (mln) $161 $149 Dairy 15000% $139 $122 18% Post $118 Harvest $103 9% 10000% $88 Beef Cattle $70 Fruit & Tree $58 $63 Nuts 4% $48 38%
Slide 20: Loan Yield Composition: Adjustable and Floating Rate
Floating 14% Fixed 32% Loan Yield Composition: Adjustable and Floating Rate 68% Adjustable + Floating $3,990 MM Adjustable, 99% of Floating predominantly benchmarked Adjustable benchmarked to Prime to 5 Year Treasury 54% $1,100 8.00% 7.36% 6.93% 6.66% 6.77% 6.69% 6.76% 6.59% 7.00% $900 5.96% 6.27% 5
Slide 21: Adjustable Rate Loans
Adjustable Rate Loans $808 Quarter-over-quarter change 6.16% 6.15% $291 6.11% ($299) $3,990 $0 $3,990 6.17% ($64) ($92) 5.64% 5.64% WAR WAR $3,763 5.55% $3,572 WAR Scaled to 5.39% $3,400MM WAR 3/31/2026 Originations Payoffs Paydowns 6/30/2026 5.64% 5.70% $4,000 5.55% 5.60% $3,900 5.39% 5.50% 5.40% $
Slide 22: Loan Yield Composition: Fixed Rate Loans
Floating 14% Fixed 32% Loan Yield Composition: $2,324 MM total fixed Fixed Rate Loans 4.88% Wtd Avg Rate Adjustable 54% $900 6.00% $794 5.53% $800 5.33% 5.53% 5.09% 5.05% 4.74% 5.00% $700 4.18% $600 4.00% $500 $455 3.00% $372 $350 $400 $347 $300 2.00% $200 $200 $91 1.00% $100 $62 $13 $8 $14 $23 $20
Slide 23: Fixed Rate Loans
Fixed Rate Loans Appetite for fixed rate loans faces headwinds as $2,550 5.00% clients anticipate future rate reductions $2,500 4.95% $2,450 4.88% 4.87% 4.88% 4.90% $227 $2,400 4.85% $2,350 4.80% Includes principal $2,300 4.75% 6.46% 6.07% amortization as $2,250 4.70% well as transfers of loans out
Slide 24: Loans: Allowance for Credit Losses
LOANS: Allowance for Credit Losses Drivers of Change under CECL $4,848 $132,000 ($68) $130,000 ($2,195) $130,187 $128,000 $127,939 ($337) 1.81% 1.78% $126,000 of Total of Total Loans Gross charge-offs $243MM growth in Reduction in CRE Reduced Loans $0.455 million loans in the individually qu
Slide 25: Loans: Allowance for Credit Losses
LOANS: Allowance for Credit Losses Allocation of Allowance by Segment ($ Thousands) December 31, 2024 March 31, 2026 June 30, 2026 Loans ACL ACL % of Loans ACL ACL % of Loans ACL ACL % of Allowance for Credit Losses (Excl LHFS) Amount Loans (Excl LHFS) Amount Loans (Excl LHFS) Amount Loans Commercia
Slide 26: Loans: Risk Grade Migration
LOANS: Risk Grade Migration Zero balance in Doubtful and Loss Investor Presentation | Second Quarter 2026 26
Slide 27: Loans: Asset Quality
LOANS: Asset Quality Non-Performing Assets as a % of Total Assets 0.72% TCBK Peers 0.65% 0.68% 0.65% 0.63% The Bank continues to actively and 0.57% 0.60% 0.55% aggressively address potential credit issues with short resolution timelines. Despite increase in non-performing 0.67% 0.71% 0.70% 0.75%
Slide 28: Our Mission, Core Values, Team Ethos
Our Mission Core Values Team Ethos Tri Counties Bank exists for just Trust We are one team, aligned, one purpose: to improve the Respect customer-focused and financial success and well-being collaborative to achieve of our shareholders, customers, Integrity next-level performance. communities and em