TriCo Bancshares TCBK Income Statement

Trico bancshares (TCBK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Loans, including fees
56,258	56,862	56,999	55,491	54,398	55,662	53,102	39,304	38,049	38,194	37,268	36,418	34,914	36,241	35,769	34,338	34,738	34,838	33,814	32,019	31,165	30,736	24,980	24,433	23,738	24,470	25,123	23,883	24,072	24,245	25,530	25,792	24,929	27,247	21,987	21,735	21,722	24,489	22,701
Investments:
Taxable securities
8,211	8,934	9,864	10,457	10,555	10,048	9,189	7,438	7,322	7,155	7,011	6,903	6,703	6,020	6,297	6,535	6,545	6,604	6,497	6,403	5,799	4,868	3,623	3,440	2,822	2,327	1,742	1,149	1,131	1,282	1,443	1,601	1,746	1,880	2,132	2,347	2,374	2,375	2,727
Tax exempt securities
904	907	961	1,061	1,073	1,073	1,189	1,042	1,041	1,041	1,041	1,042	1,041	1,031	978	975	897	526	498	324	161	137	115	117	136	160	172	150	101	105	108	107	108	114	134	136	140	158	188
Dividends
361	312	308	305	360	612	459	298	336	304	301	328	391	1,006	390	410	375	379	426	977	336	329	200	154	154	130	121	80	56	66	12	14	13	7	6	7	7	11	6
Interest bearing cash at Federal Reserve and other banks
783	903	757	866	1,071	670	615	396	373	267	292	353	435	317	275	332	239	143	97	144	264	337	213	274	309	375	378	494	446	445	372	430	368	361	213	242	191	200	154
Total interest and dividend income
66,517	67,918	68,889	68,180	67,457	68,065	64,554	48,478	47,121	46,961	45,913	45,044	43,484	44,615	43,709	42,590	42,794	42,490	41,332	39,867	37,725	36,407	29,131	28,418	27,159	27,462	27,536	25,756	25,806	26,143	27,465	27,944	27,164	29,609	24,472	24,467	24,434	27,233	25,776
Interest expense:
Deposits
2,551	2,948	3,050	2,999	2,719	2,594	2,072	1,234	1,096	1,062	1,028	974	894	872	875	881	855	843	838	854	899	952	772	768	782	811	854	855	925	1,049	1,106	1,077	1,184	1,387	1,543	1,802	1,827	2,554	2,727
Other borrowings
5	3	334	37	13	639	1,178	586	342	141	149	13	2	2	2	3	2	1	1	1	1	2	0	1	1	1	1	1	1	2	395	601	606	617	610	600	593	608	602
Junior subordinated debt
769	771	817	829	855	830	815	789	697	665	652	623	595	586	562	546	535	505	500	491	482	483	310	306	304	311	314	311	311	321	333	332	338	325	312	312	310	335	313
Total interest expense
3,325	3,722	4,201	3,865	3,587	4,063	4,065	2,609	2,135	1,868	1,829	1,610	1,491	1,460	1,439	1,430	1,392	1,349	1,339	1,346	1,382	1,437	1,082	1,075	1,087	1,123	1,169	1,167	1,237	1,372	1,834	2,010	2,128	2,329	2,465	2,714	2,730	3,497	3,642
Net interest income
63,192	64,196	64,688	64,315	63,870	64,002	60,489	45,869	44,986	45,093	44,084	43,434	41,993	43,155	42,270	41,160	41,402	41,141	39,993	38,521	36,343	34,970	28,049	27,343	26,072	26,339	26,367	24,589	24,569	24,771	25,631	25,934	25,036	27,280	22,007	21,753	21,704	23,736	22,134
Provision for (reversal of) credit losses
8,000	-298	-329	537	-1,600	806	2,651	-638	-236	1,677	765	-796	-1,557	-1,433	-3,973	-773	209	-908	-866	-633	197	-1,421	-2,977	1,708	-1,355	-2,830	393	614	1,108	-17,322	532	3,371	3,996	5,429	5,069	5,561	7,001	10,814	10,000
Net interest income after credit loss provision (reversal)
55,192	64,494	65,017	63,778	65,470	63,196	57,838	46,507	45,222	43,416	43,319	44,230	43,550	44,588	46,243	41,933	41,193	42,049	40,859	39,154	36,146	36,391	31,026	25,635	27,427	26,167	26,760	23,975	25,677	23,247	25,099	22,563	21,040	21,851	16,938	16,192	14,703	12,922	12,134
Non-interest income:
Service charges and fees
9,126	10,629	10,590	10,128	9,070	10,133	9,743	9,228	9,356	-	9,475	-	8,907	9,800	8,022	8,099	7,305	8,194	7,694	8,848	7,344	7,165	6,090	5,519	5,462	5,973	6,662	6,693	5,929	6,035	5,783	6,155	5,952	6,457	5,584	6,121	5,782	5,237	6,082
Gain on sale of loans
891	1,059	1,236	575	412	540	539	666	626	816	606	777	910	1,392	953	889	803	883	722	837	622	545	509	514	464	635	1,083	1,590	2,294	2,493	1,430	1,237	1,650	1,219	598	495	725	1,090	577
Gain on sale of investment securities
0	-	107	-	0	-	207	-	-	-	961	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management and commission income
916	775	721	739	642	737	728	810	876	745	672	705	607	439	747	611	532	788	812	784	965	678	703	843	771	689	692	841	761	745	803	842	819	555	542	648	360	239	362
Increase in cash value of life insurance
720	735	773	746	775	722	732	656	608	642	732	626	685	631	709	681	696	666	770	675	675	666	490	400	397	390	531	380	426	470	450	450	450	535	450	450	450	426	426
Change in indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-412	-	-	-	-101	-	-	-	-353	-	-	-	-	-	-
Gain on sale of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,227	-	-	-	551	-	-	-	-358	-	-	-	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,575	-	-	-	-
Other
167	830	681	1,390	904	129	387	814	824	144	484	1,323	594	200	635	965	454	914	1,644	936	574	1,516	797	601	386	116	159	627	358	-443	661	1,893	105	1,723	-26	537	2,033	171	657
Total non-interest income
11,820	14,031	14,108	13,578	11,803	12,261	12,336	12,174	12,290	11,909	12,930	12,910	11,703	12,462	11,066	11,245	9,790	11,445	11,642	12,080	10,180	9,755	8,589	7,877	8,295	7,353	9,127	10,131	10,218	10,011	9,127	10,577	8,265	10,489	14,723	8,251	9,350	7,163	8,104
Non-interest expense:
Salaries and related benefits
27,272	27,319	26,899	26,719	25,128	25,014	25,823	21,453	21,652	20,610	20,933	20,494	20,893	20,554	20,860	20,045	19,265	18,530	17,533	17,242	18,100	17,555	13,369	13,317	13,303	13,224	12,861	12,890	12,961	12,338	12,362	12,490	12,762	10,765	11,930	10,715	10,793	9,898	9,985
Other
17,547	19,490	19,445	20,133	20,324	19,898	21,705	16,417	16,510	16,897	16,289	15,410	14,929	16,009	16,556	18,222	14,486	16,154	13,906	15,194	14,182	19,011	12,011	11,799	10,014	11,654	10,755	10,619	8,640	12,788	13,228	11,877	10,153	11,311	8,943	9,380	8,878	10,626	8,423
Total non-interest expense
44,819	46,809	46,344	46,852	45,452	44,912	47,528	37,870	38,162	37,507	37,222	35,904	35,822	36,563	37,416	38,267	33,751	34,684	31,439	32,436	32,282	36,566	25,380	25,116	23,317	24,878	23,616	23,509	21,601	25,126	25,590	24,367	22,915	22,076	20,873	20,095	19,671	20,524	18,408
Income before provision for income taxes
22,193	31,716	32,781	30,504	31,821	30,545	22,646	20,811	19,350	17,818	19,027	21,236	19,431	20,487	19,893	14,911	17,232	18,810	21,062	18,798	14,044	9,580	14,235	8,396	12,405	8,642	12,271	10,597	14,294	8,132	8,636	8,773	6,390	10,264	10,788	4,348	4,382	-439	1,830
Provision for income taxes
6,072	8,826	9,386	7,443	9,095	7,334	6,476	5,782	5,440	14,829	7,130	7,647	7,352	7,954	7,694	5,506	6,558	7,388	8,368	7,432	5,708	3,930	6,001	3,537	5,040	3,406	4,910	4,272	5,817	3,410	3,616	3,452	2,459	3,715	4,318	1,577	1,582	-440	510
Net income
16,121	22,890	23,395	23,061	22,726	23,211	16,170	15,029	13,910	2,989	11,897	13,589	12,079	12,533	12,199	9,405	10,674	11,422	12,694	11,366	8,336	5,650	8,234	4,859	7,365	5,236	7,361	6,325	8,477	4,722	5,020	5,321	3,931	6,549	6,470	2,771	2,800	1	1,320
Per share data:
Basic earnings per share (in USD per share)
0.53	0.74	0.77	0.76	0.75	0.77	0.54	0.65	0.61	0.13	0.52	0.59	0.53	0.55	0.53	0.41	0.47	0.50	0.56	0.50	0.37	0.20	0.51	0.30	0.46	0.33	0.46	0.39	0.53	0.30	0.31	0.33	0.25	0.42	0.40	0.17	0.18	0.00	0.08
Diluted earnings per share (in USD per share)
0.53	0.75	0.76	0.75	0.74	0.76	0.53	0.65	0.60	0.13	0.51	0.58	0.52	0.54	0.53	0.41	0.46	0.51	0.55	0.49	0.36	0.21	0.50	0.30	0.45	0.32	0.45	0.39	0.53	0.29	0.31	0.33	0.25	0.42	0.40	0.17	0.17	0.00	0.08
Dividend per share (in USD per share)
0.22	-	-	-	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	90.00	-	-	-