Trico Bancshares · NASDAQ:TCBK
Trico Bancshares — Investor Presentation (July 2025)
35 slides from Trico Bancshares's investor presentation, July 2025
Slide 1: Investor Presentation
Investor Presentation Richard P. Smith, President & Chief Executive Officer Daniel K. Bailey, EVP & Chief Banking Officer Second Quarter 2025 John S. Fleshood, EVP & Chief Operating Officer Peter G. Wiese, EVP & Chief Financial Officer Investor Presentation | Second 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 John Fleshood Bret Funderburgh Greg Gehlmann President & EVP EVP EVP SVP SVP Chief Executive Officer Chief Banking Officer Chief Credit Officer Chief Operating Officer Deputy Chief General Counsel Credit Officer Jason Levingston Scott Myers Scott Rob
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 1.74% and 13.38%, respectively, for the quarter ended June 30, Operating Leverage 2025, and 1.63% and 13.59%, respectively, for the same quarter in the prior year. and Profitability Our efficiency ratio was 59.0% for the qua
Slide 6: Company Overview
Company Overview Nasdaq: TCBK Headquarters: Chico, California Stock Price*: $40.49 Market Cap.: $1.32 Billion Asset Size: $9.92 Billion Loans: $6.96 Billion Deposits: $8.38 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 2020 March 2022 Elevated ACL Provisioning Acquired Valley Associated with COVID Republic Bancorp Related Risks ($1.4B assets) $60 $1.20 $50 $1.00 Earnings (in Millions) $40 $0.80 Qtrly EPS (diluted) $30 $0.60 $20 $0.40 $10 $0.20 $0 $0.00 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Slide 8: Shareholder Returns
Shareholder Returns Dividends per Share: 10% CAGR* Return on Avg. Shareholder Equity Q1 Q2 Q3 Q4 $1.32 $1.32 12.10% 11.67% $1.20 10.49% 10.65% $1.25 $1.10 9.57% $1.00 $0.33 $0.88 $0.30 8.61% $0.82 $0.30 $1.00 $0.25 7.18% $0.22 $0.33 $0.75 $0.22 $0.30 $0.25 $0.30 $0.22 $0.22 $0.33 $0.33 $0.30 $0.50 $
Slide 9: Deposits
Deposits 9 Investor Presentation | Second Quarter 2025
Slide 10: Liability Mix: Strength in Funding
Liability Mix: Strength in Funding Liability Mix 6/30/2025 Loans to Core Deposits (%) Borrowings & Other TCBK Peers Subordinated liabilities, 120 Debt, 2.2% 1.9% 100 Time 80 87.7 87.7 87.2 Deposits, 86.6 86.5 86.5 86.5 84.0 80.4 79.5 76.5 12.8% 60 72.1 69.1 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 $8,757 $8,656 $8,329 $8,376 $8,095 $8,088 $8,205 $8,026 $8,010 $7,988 $8,050 $8,037 $7,834 15.2% 8,000 as % of Total $2,560 7,000 $3,604 $3,678 $2,549 $2,539 Accounts, $2,600 $2,557 $2,548 $3,502 $3,073 $2,858 $2,723 84.8% $3,237 6,00
Slide 12: Deposits: CD Balance and Maturity Composition
Deposits: CD Balance and Maturity Composition CD Growth CD Maturities 5.00% $1,074 $1,063 $1,075 4.00% $1,000.00 4.31% $1,041 4.50% 4.26% $700 3.62% 3.50% 4.15% $979 3.34% 4.05% 3.19% $600 3.00% 4.00% $904 3.63% 3.69% 3.49% $500 2.50% $800.00 3.50% 3.22% $400 $786 2.00% 1.84% 3.00% $300 2.76% 1.50%
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% $4,000 1.37% 1.51% 1.50% $1,277 1.40% $1,213 $1,127 $1,037 1.25% $3,500 1.20% $3,000 1.02% $51 1.00% <=0.01% 0.01% - 2.0% 2
Slide 14: Loans and Credit Quality
Loans and Credit Quality 14 14 Investor Presentation | Second Quarter 2025
Slide 15: Loan Portfolio and Yield
Loan Portfolio and Yield $7,000 $6,961 Total Loans Loan Yield $6,795 $6,823 $6,769 $6,743 $6,769 $6,686 $6,450 $6,000 5.83% 6.00% 5.79% 5.82% 5.78% 5.76% 5.71% 5.52% $5,000 5.44% 5.44% 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 $2,000 4.0
Slide 16: Gross Production vs. Payoff
Gross Production vs. Payoff Originations and net loan growth Slower pace of originations commensurate Pace of originations is gaining momentum in 2022 were supportive of the with market rate changes, liquidity following the reorganization of Wholesale positive mix shift in earning management, and NI
Slide 17: Diversified Loan Portfolio
Diversified Loan Portfolio CRE Non-Owner Occupied by Collateral Type Other (23 Retail Types) 23% 26% Mixed Use - Retail 8% Office Light 19% Industrial 9% Hotel/Motel 15% CRE Owner Occupied by Collateral Type Gas Station 19% Other (17 Types) 30% Light Industrial 18% Warehouse 9% Retail Office 10% 14%
Slide 18: Office RE Collateral
Office RE Collateral California Office Secured by Region Regions by Collateral Code Regions by Occupancy Type Graph circle size represent total loan Commitments in the Region; regional assignment based upon ZIP code of collateral 18 Investor Presentation | Second Quarter 2025
Slide 19: CRE Collateral Values
CRE Collateral Values Distribution by LTV (1) 100% LTV Range 90% <= 60% > 60% - 75% 80% > 75% 77% 78% 77% 70% 71% 60% 62% 60% 50% 54% 52% 45% 40% 41% 38% 38% 30% 28% 20% 23% 22% 20% 10% 7% 1% 2% 0% 0% 0% 3% 1% 0% Retail Building Office Building Hotel/Motel Light Industrial Mixed Use - Retail Other M
Slide 20: Unfunded Loan Commitments
Unfunded Loan Commitments HELOCs – by vintage, with weighted average rate (8.09% total WAR) Outstanding Principal ($MM) 1.00% 8.60% 8.48% $225 8.36% 8.32% 8.31% 8.34% Unfunded Commitment ($MM) 7.92% 7.61% 7.70% 7.94% 8.03% 7.95% 7.74% 8.11% $200 6.54% $175 0.80% $150 $172 0.60% $125 $100 $148 0.40%
Slide 21: C&I and Ag Production Utilization
C&I and Ag Production Utilization C&I and Ag Production Utilization by NAICS Industry: 2Q-2025 Agriculture NAICS Segments $195 20000% Outstanding (mln) Unfunded (mln) $168 Other 15000% 16% $124 Tree Nut $109 $115 Farming $110 10000% Rice Farming 34% $72 $73 7% $67 $58 $58 $54 $41 Beef Cattle 5000% $
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 $3,572MM Adjustable, benchmarked to Prime predominantly benchmarked to 5 Year Treasury Adjustable 51% $1,000 9.00% $900 8.08% 8.00% $800 7.00% 6.86% 6.80% 6.73% 6.50% 6.43% 6.60% $70
Slide 23: Adjustable Rate Loans
Adjustable Rate Loans $545 Quarter-over-quarter change 6.39% 5.70% $3,572 $166 $17 $3,572 ($193) ($22) 5.39% ($31) 5.39% WAR 6.37% 6.04% WAR $3,421 5.28% WAR Scaled to $3,242 $3,200MM 5.07% 3/31/2025 Originations Payoffs Draws 6/30/2025 WAR $3,700 5.50% 5.39% $3,600 5.40% 5.28% $3,500 5.30% $3,400 5
Slide 24: Loan Yield Composition: Fixed Rate Loans
Floating 14% Fixed 35% Loan Yield Composition: $2,462MM Fixed Rate Loans total fixed 4.88% Wtd Avg Rate $839 $900 7.00% Adjustable 51% $800 5.89% 6.00% $700 5.57% 5.33% 5.12% 5.00% $600 4.58% 4.19% $500 4.21% 4.00% $384 $397 $401 $400 3.00% $300 $370 $203 2.00% $200 $119 $119 1.00% $100 $36 $23 $17
Slide 25: Fixed Rate Loans
Fixed Rate Loans $2,700 5.00% Appetite for fixed rate loans faces $2,650 4.87% 4.88% 4.90% $2,600 headwinds as clients anticipate rate $2,550 4.80% reductions in the near future $2,500 4.80% $2,450 4.70% $2,400 $164 4.60% $2,350 Includes principal 6.28% 6.24% amortization as $2,300 4.50% well as t
Slide 26: Allowance for Credit Losses
Allowance for Credit Losses Drivers of Change under CECL $130,000 $128,000 $128,423 $126,000 $2,397 $124,000 ($817) $124,455 $2,945 $122,000 1.88% 1.79% $120,000 of Total ($8,493) of Total Loans Loans $118,000 Gross charge-offs Net of charge offs $136MM loan Excludes changes $8.595 million o
Slide 27: Allowance for Credit Losses
Allowance for Credit Losses Allocation of Allowance by Segment 27 Investor Presentation | Second Quarter 2025
Slide 28: Risk Grade Migration
Risk Grade Migration Watch Special Mention Substandard 20.0% Pass, Pass, Pass, Pass, 82.2% 82.1% 82.1% Pass, 82.6% 83.6% 14.5% 14.4% 14.9% 14.0% 13.3% 1.6% 1.6% 1.6% 1.1% 1.5% 1.6% 1.8% 1.7% 1.9% 1.9% 0.0% 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-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 The Bank continues to actively and 0.63% 0.67% 0.60% aggressively address potential credit 0.53% 0.53% 0.55% 0.57% 0.58% issues with short resolution timelines. 0.48% 0.44% 0.48% 0.39% 0.37% Over the past two years, total non-
Slide 30: Financials
Financials 30 30 Investor Presentation | Second Quarter 2025
Slide 31: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 31 Investor Presentation | Second Quarter 2025
Slide 32: Net Interest Income (NII) and Margin (NIM)
Net Interest Income (NII) and Margin (NIM) 32 Investor Presentation | Second Quarter 2025
Slide 33: Current Operating Metrics
Current Operating Metrics Net Interest Margin (FTE) Efficiency Ratio 4.47% 3.96% 3.88% 3.96% 3.81% 3.58% 3.71% 59.7% 58.4% 59.1% 59.7% 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% 14.0% 14.0% 13.9% 12.9% 13.1% 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% 15.6% 10.6% 15.1% 15.2% 10.0% 14.7% 9
Slide 35: Our Mission, Core Values, Team Ethos
Our Mission Core Values Team Ethos Tri Counties Bank exists for Trust We are one team, aligned, just one purpose: to improve Respect customer-focused and the financial success and collaborative to achieve well-being of our shareholders, Integrity next-level performance. customers, communities and Co