Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Investor Presentation (October 2025)
35 slides from Trico Bancshares's investor presentation, October 2025
Slide 1: Investor Presentation Third Quarter 2025
Investor Presentation Richard P. Smith, President & Chief Executive Officer Daniel K. Bailey, EVP & Chief Banking Officer Third Quarter 2025 Peter G. Wiese, EVP & Chief Financial Officer Investor Presentation | Third Quarter 2025
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 us. Such statements involve inherent risks and uncertainties, many o
Slide 3: Executive Team
Executive Team Rick Smith Dan Bailey Craig Carney Bret Funderburgh Greg Gehlmann President & EVP EVP SVP SVP Chief Executive Officer Chief Banking Officer Chief Credit Officer Deputy Chief General Counsel Credit Officer Jason Levingston Scott Myers Scott Robertson Angela Rudd Peter Wiese SVP SVP SVP
Slide 4: Select Recent Awards
Select Recent Awards Forbes Magazine Sacramento Business Journal S&P Global Market Intelligence California America’s Best Banks Best Places to Work Top Community Bank with Farmworker Foundation 2024, 2025 2024, 2025 $3 billion to $10 billion in assets Corporate Partner of the Year 2022, 2023 2024 Sa
Slide 5: Most Recent Quarter Highlights
Most Recent Quarter Highlights Pre-tax pre-provision ROAA and ROAE were 1.89% and 14.5%, respectively, for the quarter ended September Operating Leverage 30, 2025, and 1.63% and 12.98%, respectively, for the same quarter in the prior year. and Profitability Our efficiency ratio was 56.2% for the
Slide 6: Company Overview
Company Overview Nasdaq: TCBK Headquarters: Chico, California Stock Price*: $44.41 Market Cap.: $1.44 Billion Asset Size: $9.88 Billion Loans: $7.01 Billion Deposits: $8.33 Billion Bank Branches: 68 ATMs: 84 Bank ATMs, with access to ~ 40,000 in network Market Area: TriCo currently serves 31 countie
Slide 7: Consistent Earnings Track Record
Consistent Earnings Track Record March 2022 Acquired Valley $60 Republic Bancorp $1.20 ($1.4B assets) 2020 Elevated ACL Provisioning Associated with Pandemic $1.04 $50 $1.00 $40 $0.80 Earnings (in Millions) Qtrly EPS (diluted) $30 $0.60 $20 $0.40 $10 $0.20 $0 $0.00 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'2
Slide 8: Shareholder Returns
Shareholder Returns Dividends per Share: 10% CAGR* Return on Avg. Shareholder Equity $1.36 Q1 Q2 Q3 Q4 $1.32 12.10% 11.67% $1.20 10.49% 10.65% $1.25 $1.10 9.57% 9.24% $1.00 $0.33 $0.88 $0.30 $0.82 $0.30 $1.00 7.18% $0.25 $0.33 $0.36 $0.75 $0.22 $0.22 $0.30 $0.25 $0.30 $0.22 $0.22 $0.33 $0.33 $0.30 $
Slide 9: Deposits
Deposits 9 Investor Presentation | Third Quarter 2025
Slide 10: Liability Mix: Strength in Funding
Liability Mix: Strength in Funding Liability Mix 9/30/2025 Loans to Core Deposits (%) Borrowings & Other TCBK Peers Subordinated liabilities, 120 Debt, 0.7% 2.1% Time 100 Deposits, 12.9% 80 87.7 87.7 87.5 87.2 86.6 86.5 86.5 86.5 84.0 80.4 79.5 76.5 60 72.1 40 20 Non Interest- bearing Demand 0 Depos
Slide 11: Deposits: Strength in Cost of Funds
Deposits: Strength in Cost of Funds Mix of Demand & Savings 9,000 $8,656 $8,329 $8,376 $8,334 $8,095 $8,088 $8,205 $8,026 $8,010 $7,988 $8,050 $8,037 8,000 $7,834 15.3% $2,560 $2,544 as % of Total $2,539 7,000 $3,678 $2,600 $2,557 $2,548 $2,549 Accounts, $3,502 $3,073 $2,858 $2,723 $3,237 84.7% 6,00
Slide 12: Deposits: CD Balance and Maturity Composition
Deposits: CD Balance and Maturity Composition CD Growth CD Maturities 5.00% 4.00% $1,000.00 4.31% $700 3.57% 3.50% 4.50% 4.26% 3.25% 3.20% 4.15% $600 4.05% 3.00% 4.00% $500 2.50% 3.63% 3.69% $800.00 3.49% 3.42% $400 3.50% 2.00% 3.22% 1.81% $677 $300 1.50% 3.00% $600.00 $200 1.00% $1,074 $1,063 $1,07
Slide 13: Deposits: Interest Bearing Demand and Savings
Deposits: Interest Bearing Demand and Savings Interest Bearing Demand and Savings Int-Bearing Demand & Savings by Wtd Avg Rate $5,000 1.80% 1.66% 1.66% $4,500 1.55% 1.60% 1.60% 1.58% $4,000 1.37% 1.51% 1.50% 1.40% 1.25% $1,247 $1,203 $3,500 $1,133 $1,079 1.20% $3,000 1.00% $22 $2,500 <=0.01% 0.01% -
Slide 14: Loans and Credit Quality
Loans and Credit Quality 14 14 Investor Presentation | Third Quarter 2025
Slide 15: Loan Portfolio and Yield
Loan Portfolio and Yield $7,000 $6,961 $7,010 Total Loans Loan Yield $6,795 $6,823 $6,769 $6,769 $6,686 $6,450 $6,000 6.00% 5.83% 5.79% 5.78% 5.76% 5.75% 5.71% 5.52% 5.44% 5.44% $5,000 5.32% 5.24% $4,917 5.16% $4,763 $4,307 $4,000 5.00% $4,022 5.02% 4.97% 4.86% $3,000 $3,015 $2,760 $2,523 $2,000 4.0
Slide 16: Gross Production vs. Payoff
Gross Production vs. Payoff Originations and Slower pace of originations relative Pace of originations is gaining momentum growth in 2022 to 2021-22 commensurate with following the reorganization of Wholesale supported positive mix market rate changes, liquidity Banking, with net loan growth and rep
Slide 17: Diversified Loan Portfolio
Diversified Loan Portfolio CRE Non-Owner Occupied by Collateral Type Other (22 Retail Types) 23% 26% Mixed Use - Retail 8% Office 19% Light Industrial 9% Hotel/Motel 15% CRE Owner Occupied by Collateral Type Gas Station 20% Other (17 Types) 31% Light Industrial 17% Warehouse 8% Retail Office 10% 14%
Slide 18: Office RE Collateral
Office RE Collateral California Office Secured by Region Regions by Collateral Code Regions by Occupancy Type Graph circle size represent total loan Commitments in the Region; regional assignment based upon ZIP code of collateral 18 Investor Presentation | Third Quarter 2025
Slide 19: CRE Collateral Values
CRE Collateral Values Distribution by LTV (1) 100% LTV Range 90% <= 60% > 60% - 75% 80% > 75% 77% 77% 77% 70% 72% 60% 62% 59% 55% 50% 51% 40% 44% 42% 38% 38% 30% 27% 20% 23% 23% 20% 10% 7% 1% 3% 0% 0% 0% 3% 1% 0% Retail Building Office Building Hotel/Motel Light Industrial Mixed Use - Retail Other M
Slide 20: Unfunded Loan Commitments
Unfunded Loan Commitments HELOCs – by vintage, with weighted average rate (8.05% total WAR) Outstanding Principal ($MM) 1.00% 8.61% 8.50% $200 8.41% 8.26% 8.22% Unfunded Commitment ($MM) 7.98% 7.77% 7.78% 7.94% 7.83% 8.04% 7.99% 7.87% 8.09% $175 0.80% 6.86% $150 0.60% $125 $174 $100 $158 $75 0.40% 0
Slide 21: C&I and Ag Production Utilization
C&I and Ag Production Utilization C&I and Ag Production Utilization by NAICS Industry: 3Q-2025 Agriculture NAICS Segments $201 20000% Outstanding (mln) Unfunded (mln) $170 Other 15000% 19% $121 $116$110 $106 $92 Fruit & Tree 10000% $76 Grape Nuts $64 Vineyards 40% $53 $55 $55 8% $37 5000% $28 Beef C
Slide 22: Loan Yield Composition: Adjustable and Floating Rate
Floating 14% Fixed 35% Loan Yield Composition: Adjustable and Floating Rate 65% Adjustable + Floating 99% of Floating $3,619MM Adjustable, benchmarked to Prime predominantly benchmarked to 5 Year Treasury Adjustable $1,000 51% 9.00% $900 7.92% 8.00% $800 7.00% 6.76% 6.78% 6.71% 6.58% 6.50% 6.57% 6.1
Slide 23: Adjustable Rate Loans
Adjustable Rate Loans $596 Quarter-over-quarter change 6.33% 6.04% $135 $3,619 6.36% 6.57% $3,619 ($219) ($17) $3,572 ($78) ($11) 5.43% 5.43% WAR 5.39% WAR WAR $3,259 5.12% Scaled to WAR $3,000MM 6/30/2025 Originations Payoffs Paydowns 9/30/2025 $3,700 5.43% 5.50% 5.39% $3,600 5.40% $3,500 5.30% $3,
Slide 24: Loan Yield Composition: Fixed Rate Loans
Floating 14% Fixed 35% Loan Yield Composition: $2,443MM Fixed Rate Loans total fixed 4.89% Wtd Avg Rate $900 7.00% $837 Adjustable 51% $800 5.88% 6.00% $700 5.36% 5.43% 5.27% 5.00% $600 4.62% 4.22% $500 4.16% 4.00% $397 $400 $367 $375 3.00% $300 $366 $243 2.00% $200 $109 $115 1.00% $100 $33 $23 $16
Slide 25: Fixed Rate Loans
Fixed Rate Loans Appetite for fixed rate loans faces headwinds as $2,700 5.00% clients anticipate future rate reductions $2,600 4.88% 4.89% 4.90% $185 $2,500 4.80% 4.80% $2,400 4.70% Includes principal 6.66% 6.11% amortization as $2,300 4.60% well as transfers of loans out of construction Fixed Ra
Slide 26: Allowance for Credit Losses
Allowance for Credit Losses Drivers of Change under CECL $125,500 $125,000 $550 $124,500 $124,571 $124,455 $440 $124,000 ($614) $123,500 ($260) $123,000 1.79% 1.78% of Total of Total $122,500 Loans Gross charge-offs Reductions in $48MM loan Excludes changes Loans $0.737 million specific rese
Slide 27: Allowance for Credit Losses
Allowance for Credit Losses Allocation of Allowance by Segment ($ Thousands) December 31, 2024 June 30, 2025 September 30, 2025 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 Commercial r
Slide 28: Risk Grade Migration
Risk Grade Migration Watch Special Mention Substandard Pass, 20.0% Pass, Pass, Pass, 80.9% Pass, 82.2% 82.1% 82.1% 82.6% 15.9% 14.0% 14.5% 14.4% 14.9% 1.6% 1.6% 1.6% 1.1% 1.3% 1.8% 1.7% 1.9% 1.9% 1.9% 0.0% 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 Zero balance in Doubtful and Loss 28 Investor Presenta
Slide 29: Asset Quality
Asset Quality Non-Performing Assets as a % of Total Assets TCBK Peers 0.71% 0.65% 0.67% The Bank continues to actively and 0.57% 0.60% 0.63% 0.58% 0.55% aggressively address potential credit 0.48% 0.53% 0.53% 0.48% issues with short resolution timelines. 0.44% 0.35% 0.37% 0.35% Despite increase
Slide 30: Financials
Financials 30 30 Investor Presentation | Third Quarter 2025
Slide 31: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 31 Investor Presentation | Third Quarter 2025
Slide 32: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 32 Investor Presentation | Third Quarter 2025
Slide 33: Current Operating Metrics
Current Operating Metrics Net Interest Margin (FTE) Efficiency Ratio 4.47% 3.96% 3.88% 3.96% 3.84% 3.58% 3.71% 59.7% 58.4% 59.1% 58.5% 53.2% 53.0% 55.8% 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 PPNR as % of Average Assets ROAA 1.43% 1.43% 1.94% 1.91% 1.97% 1.87% 1.28% 1.
Slide 34: Well Capitalized
Well Capitalized Tier 1 Capital Ratio CET1 Ratio 14.4% 14.2% 13.3% 13.2% 13.2% 13.4% 14.0% 14.0% 13.9% 12.9% 12.9% 12.2% 12.4% 11.7% 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 Total Risk Based Capital Tangible Capital Ratio 15.4% 15.7% 10.6% 10.4% 15.1% 15.2% 15.1% 14.7% 9
Slide 35: 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
TriCo Bancshares — Investor Presentation (October 2025) on 6ix