Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Investor Presentation (January 2026)
34 slides from Trico Bancshares's investor presentation, January 2026
Slide 1: Investor Presentation Fourth Quarter 2025
Investor Presentation Richard P. Smith, President & Chief Executive Officer Daniel K. Bailey, EVP & Chief Banking Officer Fourth Quarter 2025 Peter G. Wiese, EVP & Chief Financial Officer Investor Presentation | Fourth 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 Peter Wiese Kristen Dominguez Bret Funderburgh President & EVP EVP EVP SVP SVP Chief Executive Officer Chief Banking Officer Chief Credit Officer Chief Financial Officer Chief Human Resources Deputy Chief Credit Officer Officer Greg Gehlmann Jason Le
Slide 4: Most Recent Quarter Highlights
Most Recent Quarter Highlights Pre-tax pre-provision ROAA and ROAE were 1.98% and 14.8%, respectively, for the quarter ended December 31, Operating Leverage 2025, and 1.66% and 13.0%, respectively, for the same quarter in the prior year. and Profitability Our efficiency ratio was 54.7% for the q
Slide 5: Company Overview
Company Overview Nasdaq: TCBK Headquarters: Chico, California Stock Price*: $47.37 Market Cap.: $1.53 Billion Asset Size: $9.82 Billion Loans: $7.11 Billion Deposits: $8.26 Billion Bank Branches: 68 ATMs: 83 Bank ATMs, with access to ~ 40,000 in network Market Area: TriCo currently serves 31 countie
Slide 6: Consistent Earnings Track Record
Consistent Earnings Track Record March 2022 Acquired Valley Republic Bancorp $60 ($1.4B assets) $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 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24
Slide 7: Shareholder Returns
Shareholder Returns Dividends per Share: 10% CAGR* Return on Avg. Shareholder Equity $1.38 Q1 Q2 Q3 Q4 $1.32 12.10% 11.67% $1.20 10.49% 10.65% $1.25 $1.10 $0.36 9.57% 9.45% $1.00 $0.33 $0.88 $0.30 $0.82 $0.30 $1.00 $0.25 7.18% $0.33 $0.36 $0.75 $0.22 $0.22 $0.30 $0.25 $0.30 $0.22 $0.22 $0.33 $0.33 $
Slide 8: Deposits
Deposits 8 Investor Presentation | Fourth Quarter 2025
Slide 9: Liability Mix: Strength in Funding
Liability Mix: Strength in Funding Liability Mix 12/31/2025 Loans to Core Deposits (%) Borrowings & Other TCBK Peers Subordinated liabilities, 120 Debt, 0.6% 2.1% 100 80 89.7 87.7 87.7 87.5 87.2 86.6 86.5 86.5 86.5 84.0 80.4 79.5 76.5 Time 60 Deposits, 13.1% 40 20 Non Interest- bearing Demand 0 Depo
Slide 10: Deposits: Strength in Cost of Funds
Deposits: Strength in Cost of Funds Mix of Demand & Savings 9,000 $8,329 $8,376 $8,334 $8,264 $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 $2,594 as % of Total $2,539 7,000 $2,600 $2,557 $2,548 $2,549 Accounts, $3,502 $3,073 $2,858 $2,723 $3,237 84.7% 6,00
Slide 11: Deposits: CD Balance and Maturity Composition
Deposits: CD Balance and Maturity Composition CD Balances CD Maturities 5.00% 4.00% $1,074 $1,075 $1,075 $1,083 $1,063 $800 $1,000.00 4.31% $1,041 3.50% 4.50% 3.38% 4.26% 4.15% $979 $700 3.10% 4.05% 2.98% 3.00% 4.00% $600 $904 2.50% 3.63% 3.69% $800.00 3.49% $500 3.42% 3.30% 3.50% $868 2.00% $400 1.
Slide 12: 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% 1.38% 1.40% $1,820 $3,500 1.20% $1,133 $876 $3,000 $730 1.00% $1 $2,500 <=0.01% 0.01% - 2.0%
Slide 13: Loans and Credit Quality
Loans and Credit Quality 13 13 Investor Presentation | Fourth Quarter 2025
Slide 14: Loan Portfolio and Yield
Loan Portfolio and Yield $7,000 $7,114 Total Loans Loan Yield $6,961 $7,010 $6,795 $6,769 $6,769 $6,823 $6,450 6.00% $6,000 5.79% 5.78% 5.76% 5.75% 5.77% 5.71% 5.52% 5.44% 5.44% $5,000 5.32% 5.24% $4,917 5.16% $4,763 $4,307 5.00% $4,000 $4,022 5.02% 4.97% 4.86% $3,000 $3,015 $2,760 $2,523 4.00% $2,0
Slide 15: Gross Production vs. Payoff
Gross Production vs. Payoff Slower pace of originations relative Pace of originations has consistently gained to 2021-22 commensurate with momentum following the reorganization of market rate changes, liquidity Wholesale Banking, with net loan growth management, and NIM preservation. and repricing i
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio CRE Non-Owner Occupied by Collateral Type Other (22 Retail Types) 23% 26% Mixed Use - Retail 8% Office 19% Light Industrial 9% Hotel/Motel 15% CRE Owner Occupied by Collateral Type Gas Station 20% Other (18 Types) 32% Light Industrial 17% Warehouse 8% Retail Office 10% 13%
Slide 17: Office RE Collateral
Office RE Collateral California Office Secured by Region Regions by Collateral Code Regions by Occupancy Type Graph circle size represent total loan Commitments in the Region; regional assignment based upon ZIP code of collateral 17 Investor Presentation | Fourth Quarter 2025
Slide 18: CRE Collateral Values
CRE Collateral Values Distribution by LTV (1) 100% LTV Range 90% <= 60% > 60% - 75% 80% > 75% 77% 78% 76% 70% 72% 60% 60% 61% 56% 50% 50% 40% 43% 43% 39% 37% 30% 27% 20% 24% 22% 19% 10% 1% 3% 1% 0% 0% 3% 1% 7% 0% Retail Building Office Building Hotel/Motel Light Industrial Mixed Use - Retail Other M
Slide 19: Unfunded Loan Commitments
Unfunded Loan Commitments Outstanding Principal ($MM) HELOCs – by vintage, with weighted average rate (7.53% total WAR) Unfunded Commitment ($MM) 8.14% 1.00% $200 7.85% 7.79% $175 0.80% 7.76% 7.73% 7.54% 7.60% $150 7.52% $169 7.45% 7.45% 7.35% 7.32% $125 7.25% 7.23% 0.60% $159 $100 0.40% 6.91% $75 0
Slide 20: C&I and Ag Production Utilization
C&I and Ag Production Utilization C&I and Ag Production Utilization by NAICS Industry: 4Q-2025 Agriculture NAICS Segments 20000% Outstanding (mln) Unfunded (mln) $187 $176 Other 15000% 20% $120 $103 $101 $100 Fruit & Tree 10000% $88 $89 Grape Nuts $68 Vineyards 37% $58 $56 $57 7% 5000% $35 $27 $27 $
Slide 21: Loan Yield Composition: Adjustable and Floating Rate
Floating 14% Fixed 34% Loan Yield Composition: Adjustable and Floating Rate 66% Adjustable + Floating 99% of Floating $3,741MM Adjustable, benchmarked to Prime predominantly benchmarked to 5 Year Treasury Adjustable 52% $1,000 8.00% $900 7.43% 7.00% 6.55% 6.38% 6.52% 6.47% 6.44% $800 6.34% 6.29% 6.0
Slide 22: Adjustable Rate Loans
Adjustable Rate Loans $616 Quarter-over-quarter change $219 6.26% 6.12% $3,741 $3,741 6.12% ($56) ($190) ($40) 6.33% ($42) $3,619 5.50% 5.50% WAR 5.43% WAR WAR $3,358 5.21% Scaled to WAR $3,000MM 9/30/2025 Originations Payoffs Paydowns 12/31/2025 $3,900 5.50% 5.60% $3,800 5.43% 5.50% $3,700 5.40% $3
Slide 23: Loan Yield Composition: Fixed Rate Loans
Floating 14% Fixed 34% Loan Yield Composition: $2,408MM Fixed Rate Loans total fixed 4.88% Wtd Avg Rate $900 7.00% Adjustable $820 52% $800 5.90% 6.00% 5.35% 5.25% $700 5.20% 4.67% 5.00% $600 4.26% $500 4.13% 4.00% $390 $394 $400 $344 3.00% $300 $360 $231 2.00% $200 $109 $119 1.00% $100 $30 $23 $18
Slide 24: Fixed Rate Loans
Fixed Rate Loans $2,700 5.00% Appetite for fixed rate loans faces headwinds as $2,650 4.95% clients anticipate future rate reductions $2,600 4.89% 4.88% 4.90% $2,550 4.82% 4.85% $2,500 4.80% $191 $2,450 4.75% $2,400 4.70% $2,350 4.65% Includes principal 6.56% 6.26% amortization as $2,300 4.60% wel
Slide 25: Allowance for Credit Losses
Allowance for Credit Losses Drivers of Change under CECL $126,000 $216 $2,280 $125,762 $125,000 $124,571 $124,000 1.78% ($1,209) ($97) 1.77% of Total of Total $123,000 Loans Gross charge-offs Insignificant net $104.3 million loan Primarily driven by Loans $1.345 million change in specific gr
Slide 26: Allowance for Credit Losses
Allowance for Credit Losses Allocation of Allowance by Segment 26 Investor Presentation | Fourth Quarter 2025
Slide 27: Risk Grade Migration
Risk Grade Migration Zero balance in Doubtful and Loss 27 Investor Presentation | Fourth Quarter 2025
Slide 28: Asset Quality
Asset Quality Non-Performing Assets as a % of Total Assets TCBK Peers 0.68% 0.65% The Bank continues to actively and 0.57% 0.60% 0.63% 0.67% 0.71% 0.70% 0.55% aggressively address potential credit 0.53% 0.53% 0.58% issues with short resolution timelines. 0.48% 0.44% Despite increase in non-perfo
Slide 29: Financials
Financials 29 29 Investor Presentation | Fourth Quarter 2025
Slide 30: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 30 Investor Presentation | Fourth Quarter 2025
Slide 31: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 31 Investor Presentation | Fourth Quarter 2025
Slide 32: Current Operating Metrics
Current Operating Metrics Net Interest Margin (FTE) Efficiency Ratio 4.47% 3.96% 3.88% 3.96% 3.89% 3.58% 3.71% 59.7% 58.4% 55.8% 59.1% 57.5% 53.2% 53.0% 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 33: Well Capitalized
Well Capitalized Tier 1 Capital Ratio CET1 Ratio 14.4% 14.2% 13.3% 13.2% 13.2% 13.3% 14.0% 14.0% 13.8% 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% 10.7% 15.1% 15.2% 15.1% 14.7% 9
Slide 34: 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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