TRICO BANCSHARES
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
TCBK$52.34-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income for the years ended , and
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest and dividend income: | |||
| Loans, including fees | $390,491 | $356,710 | $285,375 |
| Investments: | |||
| Taxable securities | 66,912 | 73,924 | 59,395 |
| Tax exempt securities | 3,615 | 5,120 | 5,199 |
| Dividends | 1,522 | 1,294 | 1,137 |
| Interest bearing cash at Federal Reserve and other banks | 4,098 | 1,306 | 4,399 |
| Total interest and dividend income | 466,638 | 438,354 | 355,505 |
| Interest expense: | |||
| Deposits | 113,126 | 55,087 | 4,689 |
| Other borrowings | 14,706 | 19,712 | 421 |
| Junior subordinated debt | 7,372 | 6,878 | 4,419 |
| Total interest expense | 135,204 | 81,677 | 9,529 |
| Net interest income | 331,434 | 356,677 | 345,976 |
| Provision for credit losses | 6,632 | 23,990 | 18,470 |
| Net interest income after provision for credit losses | 324,802 | 332,687 | 327,506 |
| Noninterest income: | |||
| Service charges and fees | 51,330 | 50,088 | 49,765 |
| Commissions on sale of non-deposit investment products | 5,573 | 4,517 | 3,986 |
| Increase in cash value of life insurance | 3,257 | 3,150 | 2,858 |
| Gain on sale of loans | 1,532 | 1,166 | 2,342 |
| Loss on sale of investment securities | (43) | (284) | — |
| Other | 2,758 | 2,763 | 4,095 |
| Total noninterest income | 64,407 | 61,400 | 63,046 |
| Noninterest expense: | |||
| Salaries and related benefits | 140,581 | 135,795 | 129,852 |
| Other | 93,524 | 97,387 | 86,793 |
| Total noninterest expense | 234,105 | 233,182 | 216,645 |
| Income before provision for income taxes | 155,104 | 160,905 | 173,907 |
| Provision for income taxes | 40,236 | 43,515 | 48,488 |
| Net income | $114,868 | $117,390 | $125,419 |
| Earnings per common share: | |||
| Basic | $3.47 | $3.53 | $3.85 |
| Diluted | $3.46 | $3.52 | $3.83 |
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