Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Sandler O'Neill & Partners West Coast Financial Services Conference 2019
32 slides from Trico Bancshares's conference presentation, Mar 5, 2019
Slide 1: Sandler O'Neill & Partners: West Coast Financial Services Conference
Sandler O’Neill & Partners: West Coast Financial Services Conference Richard P. Smith – President & Chief Executive Officer Peter G. Wiese – EVP & Chief Financial Officer March 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 Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 4: Most recent quarter highlights
Most recent quarter highlights Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 Robust Earnings Q4 2018 return on average assets of 1.47% versus 1.05% linked quarter. Loans to deposits ratio of 75% in Q4 2018, down slightly from 79% in Q3 2018. Industry Leading Net Inte
Slide 5: Company overview
COMPANY overview March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference
Slide 6: Company overview
COMPANY overview Asset Size:$6.4 Billion Founded:1975 Deposits:$5.4 Billion Loans (net):$4.0 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. Sandler O’Neill & Pa
Slide 7: Company overview
COMPANY overview Nasdaq:TCBK Stock Price*:$40.22 Market Capitalization:$1.22 billion Price to Book stated:1.5x Price to TBVPS2.1x Rank (Total Assets) among CA Publicly Traded Banks:12 (Source: SNL Financial) Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 _____________
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 March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference
Slide 10: Diluted Earnings per share
Diluted Earnings per share March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference
Slide 11: Consistent organic growth and disciplined acquirer
Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 *Total Assets for years ending 2000-2018. CAGR 5 yrs.18.3% 10 yrs.12.0% Consistent Organic growth and disciplineD acquirer
Slide 12: What keeps us up at night?
Deposit Betas Ability to Increase Loan Yields Interest Rate Risk Aggressive Competitors The Cost of Compliance with New Regulations Dysfunction in Washington What keeps us up at night? Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 13: Loans
Loans Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 14: Consistent loan growth
CONSISTENT LOAN GROWTH Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 *Note: Q3 2018 includes acquisition of FNB Bancorp (Loan Yield was 5.04%)
Slide 15: Loan portfolio mix
Loan portfolio MIX: March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference
Slide 16: Diversified CRE & construction portfolio
Diversified cre & construction portfolio March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference Property Type Loan Size Avg. Loan Amount Office Building $769,000 Multifamily Residence $1,092,000 Retail Building $786,000 Warehouse $705,000 Hospitality $2,503,000 Mini Storage $
Slide 17: Conservative construction and CRE underwriting culture - LTV distribution
CONSERVATIVE Construction and CRE UNDERWRITING CULTURE – Ltv distribution March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference Loan to Value Avg. Loan Amount <50% $637,000 51%-60% $959,000 61%-65% $1,176,000 66%-70% $898,000 71%-75% $845,000 76%-80% $706,000 81%-90% $906,00
Slide 18: Diversified geography - CRE & construction
Diversified geography – CRE & Construction March 2019 Sandler O’Neill & Partners West Coast Financial Services Conference County Principal City Outstanding Balance % of CRE-Related Average Loan Amount Bay Area San Francisco $628,664,000 24% $906,000 Sacramento Sacramento/Elk Grove $253,822,000 10% $
Slide 19: Non-performing assets & net charge offs
non-performing assets & NET charge offs Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 20: Home equity loans outstanding
Home equity loans outstanding Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 21: Deposits
deposits Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 22: Consistent and balanced core deposit funding
Consistent and balanced core deposit funding* Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 23: Market share of all branches sorted by zip code
Market share of all branches sorted by zip code Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 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.
Slide 24: Consistent deposit growth - attractive cost
CONSISTENT DEPOSIT GROWTH – ATTRACTIVE COST Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 *Note: Q3 2018 includes acquisition of FNB Bancorp (Deposit cost of 0.28%)
Slide 25: Financials
Financials Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 26: Net interest margin - contribution from discount accretion
Net interest margin – contribution from discount accretion Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 27: Return on average assets
Return on average assets Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 28: Return on average shareholder's equity
Return on average shareholder’s equity Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 29: Efficiency ratio (fully taxable equivalent)
Efficiency ratio (fully taxable equivalent) Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 30: Dividends paid
DividendS PAID Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 10.4% CAGR $0.60 $0.42 $0.44 $0.52 $0.66 *Annual dividends for 2019 assumes four quarterly dividends at $0.19 per quarter.
Slide 31: Capital ratios
Capital ratios ($000’s) Sandler O’Neill & Partners West Coast Financial Services Conference March 2019
Slide 32: TriCo Bancshares is committed to
Sandler O’Neill & Partners West Coast Financial Services Conference March 2019 TriCo Bancshares is committed to: Improving the financial success and well-being of our shareholders, customers, communities and employees.
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