TriCo Bancshares reports Q3 EPS 92c, consensus 88c

Net income was $30.6 million compared to $24.9 million in the trailing quarter, and compared to $37.3 million in the same quarter of the prior year; Pre-tax pre-provision net revenue was $46.2 million compared to $43.1 million in the trailing quarter, and compared to $55.3 million in the same quarter of the prior year . “Led by both margin and non-interest expenses, operating results for the quarter were improved over both the immediately preceding quarter and general market expectations,” explained Rick Smith, President and Chief Executive Officer. Peter Wiese, EVP and Chief Financial Officer added, “We continue to be mindful about the unique economic circumstances in which we are operating and the need for long-term strategic perseverance consistent with the characteristic strengths for which we are known including consistency in shareholder returns, a conservative credit culture, expense control and depth and strength of our TriCo Team.”