Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Investor Presentation (April 2026)
28 slides from Trico Bancshares's investor presentation, April 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation Richard Smith, President & Chief Executive Officer Daniel Bailey, EVP & Chief Banking Officer First Quarter 2026 Peter Wiese, EVP & Chief Financial Officer Investor Presentation | First 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 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 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 2.01% and 14.7%, respectively, for the quarter ended March 31, 2026, Operating Leverage and 1.61% and 12.6%, respectively, for the same quarter in the prior year. and Profitability Our efficiency ratio was 54.5% for the quar
Slide 5: Company Overview TCBK
Company Overview TCBK Headquarters: Chico, CA $9.95 $1.52 BILLION BILLION TOTAL ASSETS MARKET CAP** 68 Branches and $7.07 $8.40 83 ATMs serving 31 Counties BILLION BILLION TOTAL LOANS TOTAL DEPOSITS 4.07% 1.26% NET INTEREST COST OF TOTAL MARGIN (FTE) DEPOSITS 1.38% 54.6% RETURN ON EFFICIENCY AVERAGE
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 $0.00 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 PPNR ($MM) $53.2 $43.1 $46.2 $42.4 $42.0 $39.5 $39.6 $40.6 $39.0 $42.5 $47.1 $49.6 $49.2 N
Slide 7: Shareholder Returns
Shareholder Returns Dividends per Share: 9% CAGR* Return on Avg. Shareholder Equity $1.75 Q1 Q2 Q3 Q4 $1.44 11.67% $1.50 $1.32 $1.38 10.65% $1.20 9.57% 10.08% 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 $0.50 $0.30 $0.33 $0.33 $0.25 $0.25 $0.25 $0.30 $0.33 $0.33 $0.
Slide 8: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) Int Income (FTE) 5.21% 5.21% 5.26% 5.16% 5.22% 5.26% 5.23% 5.26% 4.87% 140.0 6.00% Net Int Income (FTE) NIM (FTE) 3.98% $120.2 $120.4 3.96% 4.07% 4.02% 4.07% $116.6 $118.1 5.50% 3.88% 3.71% 3.89% 3.73% 3.88% 3.92% $114.3 120.0 1.41% 1.37% 1.26% 1.43% 1.37%
Slide 9: Current Operating Metrics
Current Operating Metrics PPNR as % of Average Assets Efficiency Ratio 1.97% 2.01% 1.98% 2.01% 1.87% 1.89% 59.1% 57.5% 60.4% 59.0% 1.81% 1.74% 55.8% 54.5% 56.2% 54.7% 54.5% 1.66% 1.61% 53.0% 2022 2023 2024 2025 2026 1Q25 2Q25 3Q25 4Q25 1Q26 2022 2023 2024 2025 2026 1Q25 2Q25 3Q25 4Q25 1Q26 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% 15.1% $64.00 $33.7 $1.0 14.7% 14.2% $(4.6) 13.8% $1,328.0 $(11.5) $1,324.0 14.0% 13.2% 13.3% $56.00 $(22.4) 12.2% 11.7% 12.0% $48.00 10.7% 10.5% Scaled to 9.7% $1.2 billion 1
Slide 11: Deposits
DEPOSITS Loans to Core Deposits (%) Mix of Demand & $8.40 TCBK Peers Savings Accounts BILLION 120 TOTAL DEPOSITS 100 80 1.26% 89.9 15.4% 87.7 87.7 87.8 87.5 87.2 86.6 86.5 86.5 86.5 84.0 80.4 79.5 60 40 as % of Total COST OF TOTAL Accounts, 84.6% DEPOSITS 20 0 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
Slide 12: Deposits: Strengths in Mix and Cost of Funds
DEPOSITS: Strengths in Mix and Cost of Funds Other Deposits = 99.4% of Funding Liabilities Borrowings & liabilities, Subordinated 9,000 1.9% $8,376 $8,334 $8,404 Debt, 0.6% $8,205 $8,264 $8,026 $8,095 $8,010 $7,988 $8,050 $8,037 $8,088 8,000 $7,834 Time Deposits, $2,560 $2,544 $2,559 7,000 $2,539 $2
Slide 13: Deposits: CD Balance and Maturity Composition
DEPOSITS: CD Balance and Maturity Composition CD Balances CD Maturities 4.00% 5.00% $800 $1,130 3.50% 3.39% $1,074 $1,075 $1,075 $1,083 4.31% $1,063 4.50% $700 3.12% $1,000.00 4.15% $1,041 3.00% $979 4.26% $600 2.66% 4.00% 2.50% 4.05% $904 $500 2.00% $800.00 3.69% 3.50% $400 $822 3.49% 1.66% 3.42% 1
Slide 14: Deposits: Interest Bearing Demand and Savings
DEPOSITS: Interest Bearing Demand and Savings Interest Bearing Demand and Savings by Quarter Int-Bearing Demand & Savings by Wtd Avg Rate $5,000 2.00% $4,500 1.66% 1.66% 1.60% 1.58% $4,000 1.55% 1.51% 1.50% 1.43% 1.50% $1,810 1.38% $3,500 $969 $989 $929 $3,000 $1 $2,500 1.00% <=0.01% 0.01% - 2.0% 2.
Slide 15: Loans
LOANS $7.07 $7,000 Total Loans $6,795 $6,769 $7,114 $6,823 $6,961 $7,010 $7,114 $7,072 BILLION Loan Yield $6,450 TOTAL LOANS 6.00% $6,000 5.79% 5.75% 5.76% 5.75% 5.77% 5.78% 5.71% 5.78% 5.44% 5.44% LOAN $5,000 5.32% 5.24% $4,917 YIELD 5.16% $4,763 $4,307 1.81% 5.00% $4,000 $4,022 5.02% 4.97% 4.86% A
Slide 16: Loans: Production vs. Payoff
LOANS: Production vs. Payoff Slower pace of originations relative Pace of originations has consistently gained to 2021-22 commensurate with momentum following the reorganization of market rate changes, liquidity Wholesale Banking, with net loan growth and management, and NIM preservation. repricing
Slide 17: Loans: CRE Collateral Values
LOANS: CRE Collateral Values Distribution by LTV (1) 100% LTV Range 90% <= 60% > 60% - 75% 80% > 75% 77% 77% 70% 73% 70% 60% 60% 61% 56% 50% 51% 40% 43% 42% 39% 37% 30% 29% 27% 20% 23% 20% 10% 7% 1% 3% 0% 0% 0% 3% 1% 0% Retail Building Office Building Hotel/Motel Light Industrial Mixed Use - Retail
Slide 18: Loans: Mix and Unfunded Commitments
LOANS: Mix and Unfunded Commitments Outstanding Principal ($MM) HELOCs – by vintage, with weighted average rate (7.40% total WAR) $200 Unfunded Commitment ($MM) 1.00% 7.98% 7.75% 7.67% 7.60% 7.55% 7.41% 7.24% 7.28% 7.39% 7.34% 7.21% 7.16% 7.17% $175 0.80% 6.93% $150 5.69% $171 $125 0.60% $170 $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: 1Q-2026 Agriculture NAICS Segments 20000% Outstanding (mln) Unfunded (mln) $185 $153 Other 15000% 23% $115$108 $114 $109 $91 Fruit & Tree 10000% $89 Nuts $65 $70 Grape 39% $58 $60 Vineyards 5000% $38 3% Bee
Slide 20: Loan Yield Composition: Adjustable and Floating Rate
Floating 14% Fixed 33% Loan Yield Composition: Adjustable and Floating Rate 66% Adjustable + Floating $3,763MM Adjustable, 99% of Floating predominantly benchmarked benchmarked to Prime to 5 Year Treasury Adjustable 53% $1,000 8.00% 7.37% $900 6.56% 6.55% 6.71% 6.54% 6.54% 6.45% 7.00% $800 5.79% 6.2
Slide 21: Adjustable Rate Loans
Adjustable Rate Loans $683 Quarter-over-quarter change 6.21% 6.15% $164 6.06% 5.87% ($266) $3,763 $3,741 $3,763 ($101) ($76) 5.55% ($41) 5.55% 5.50% WAR WAR WAR $3,421 5.28% Scaled to WAR $3,100MM 12/31/2025 Originations Payoffs Paydowns 3/31/2026 $3,900 5.55% 5.60% 5.50% $3,800 5.50% $3,700 5.28% 5
Slide 22: Loan Yield Composition: Fixed Rate Loans
Floating 14% Fixed 33% Loan Yield Composition: $2,351 MM Fixed Rate Loans total fixed 4.87% Wtd Avg Rate Adjustable 53% $800 6.00% $737 $700 5.70% 5.25% 5.36% 5.00% 5.03% 4.77% $600 4.00% 4.10% 4.19% $453 $500 $375 $352 $400 3.00% $300 $351 $225 2.00% $200 $108 $102 1.00% $100 $11 $29 $22 $17 $8 $10
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 4.87% 4.88% 4.87% 4.90% $185 $2,400 4.85% $2,350 4.80% Includes principal $2,300 4.75% amortization as 6.51% 6.21% $2,250 4.70% well as transfers of loans out
Slide 24: Loans: Allowance for Credit Losses
LOANS: Allowance for Credit Losses $128,000 $1,244 $127,939 Drivers of Change under CECL $127,000 $2,300 $126,000 $125,762 $125,000 ($793) ($574) $124,000 1.77% 1.81% of Total of Total Loans Gross charge-offs $59MM Multifamily Observed Qualitative reserve Loans $123,000 $0.912 million term o
Slide 25: Loans: Allowance for Credit Losses
LOANS: Allowance for Credit Losses Allocation of Allowance by Segment ($ Thousands) December 31, 2024 December 31, 2025 March 31, 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 Comme
Slide 26: Loans: Risk Grade Migration
LOANS: Risk Grade Migration Zero balance in Doubtful and Loss Investor Presentation | First Quarter 2026 26
Slide 27: Loans: Asset Quality
LOANS: Asset Quality Non-Performing Assets as a % of Total Assets TCBK Peers 0.65% 0.68% 0.65% The Bank continues to actively and 0.57% 0.60% 0.63% 0.55% aggressively address potential credit 0.53% 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
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