TRICO BANCSHARES / financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TRICO BANCSHARES / files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	33.2	37.4	38.5	40.4	38	43.9	49.8	50.1	51.3	53.4
Interest expense	5.72	6.8	12.9	15.4	9.46	5.51	9.53	81.7
Pre-tax income	72.5	77.5	93.4	127	87.4	164	174	161	155	166
Income tax	27.7	37	25	34.8	22.5	46	48.5	43.5	40.2	44.6
Net income	44.8	40.6	68.3	92.1	64.8	118	125	117	115	122
EPS, basic	1.96	1.77	2.57	3.02	2.17	3.96	3.85	3.53	3.47	3.72
EPS, diluted	1.94	1.74	2.54	3.00	2.16	3.94	3.83	3.52	3.46	3.70
Shares, basic (weighted)	22.8	22.9	26.6	30.5	29.9	29.7	32.6	33.3	33.1	32.7
Shares, diluted (weighted)	23.1	23.3	26.9	30.6	30	29.9	32.7	33.4	33.2	32.9
Dividend per share	0.60	0.66	0.70	0.82	0.88	1.00	1.10	1.20	1.32	1.38

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	306	205	228	277	670	768	107	98.7	145	157
Property, plant and equipment	48.4	57.7	89.3	87.1	83.7	78.7	72.3	71.3	70.3	69.7
Lease right-of-use assets				27.9	27.8	25.7	26.9	26.1	23.5	25.5
Goodwill	64.3	64.3	221	221	221	221	304	304	304	304
Total assets	4,518	4,761	6,352	6,471	7,640	8,615	9,931	9,910	9,674	9,822
Other non-current liabilities	5.99	8.17
Total liabilities	4,041	4,256	5,525	5,565	6,714	7,615	8,885	8,750	8,453	8,494
Retained earnings	232	255	303	368	382	467	543	616	680	740
Other comprehensive income	-7.91	-5.23	-17.9	-5.22	12.3	0.98	-194	-153	-152	-94.6
Shareholders' equity	477	506	827	894	925	1,000	1,046	1,160	1,221	1,328
Total equity	477	506	827	894	925	1,000	1,046	1,160	1,221	1,328
Total liabilities and equity	4,518	4,761	6,352	6,471	7,640	8,615	9,931	9,910	9,674	9,822
Shares outstanding	22.9	23	30.4	30.5	29.7	29.7	33.3	33.3	33	32.3

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	44.8	40.6	68.3	92.1	64.8	118	125	117	115	122
Depreciation and amortization	6.47	6.79	7.01	6.92	6.45	6.36	6.01	6.37	6	6.38
Stock-based compensation	1.47	1.59	1.46	1.65	2.04	2.64	3.87	4.13	4.67	4.76
Deferred income tax	3.19	12.5	2.6	1.69	-14.2	-0.94	-8.02	-2.4	-0.65	2.55
Cash from operations	48.2	55.4	91.1	103	115	132	163	139	110	133
Capital expenditures	-10.9	-15.2	-7.37	-4.29	-2.81	-3.2	-3.62	-4.89	-4.56	-5.36
Purchases of investments			-437	-37.3	-618	-1,191	-699	-34.5	-188	-147
Sales and maturities of investments	71.7	63.9	73	98	0	0	4.23	0	0	319
Cash from investing	-139	-357	-142	-29.8	-816	-884	-723	28.6	285	-82.6
Stock issued	0.52	0.4	0.22	0.01	0.2	0.14	1.19	0.16	0.17	0
Share buybacks	-1.89	-1.63	-2.48	-2.2	-26.7	-4.34	-27.1	-9.24	-15.5	-32
Dividends paid	-13.7	-15.1	-18.8	-25	-26.3	-29.7	-35.8	-39.9	-43.6	-45
Cash from financing	93.3	202	73	-24	1,095	850	-101	-176	-348	-38.6
Net change in cash	2.15	-100	22.1	49	393	98.9	-661	-8.53	46.3	12.1
Free cash flow	37.3	40.2	83.7	98.5	112	129	159	134	105	128
Interest paid	5.68	5.61	11.8	15	10.5	5.94	9.29	74.4	132	122
Income taxes paid	27.6	21.2	14.5	35.1	29.5	46.3	41	45.3	33.7	27.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $52.38 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	341.3%	Pre-tax income / revenue.
Net margin	249.7%	Net income / revenue.
FCF margin	245.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	255.0%	Cash from operations / revenue.
Effective tax rate	26.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.4%	Net income / average total assets.
Stock-based pay / revenue	8.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	9.7%	Capital expenditures / revenue.
D&A / revenue	12.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	5.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-1.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	13.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	6.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-1.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	11.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	21.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-6.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	3.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	21.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-7.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	2.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.5%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	7.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	9.4%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	8.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	86.5%	Total liabilities / total assets.
Goodwill and intangibles / assets	3.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.04B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.01x	Revenue / average total assets.
Fixed asset turnover	0.78x	Revenue / average property, plant and equipment.
FCF conversion	98.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.22	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$1.69	Revenue / diluted weighted shares.
FCF per share	$4.15	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.31	Cash from operations / diluted weighted shares.
Book value per share	$42.03	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$32.51	Tangible book value / shares outstanding.
Cash per share	$3.29	(Cash + short-term investments) / shares outstanding.
Payout ratio	34.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	34.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	27.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.67B	Share price x shares outstanding.
Enterprise value	$1.57B	Market cap + total debt - cash - short-term investments.
P/E	12.4x	Market cap / net income. Only when net income is positive.
P/S	30.9x	Market cap / revenue.
P/B	1.25x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.61x	Market cap / tangible book value, when positive.
P/FCF	12.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.1x	Market cap / cash from operations, when positive.
EV/Sales	28.9x	Enterprise value / revenue.
EV/FCF	11.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.0%	Free cash flow / market cap.
Earnings yield	8.1%	Net income / market cap (the inverse of P/E).
Dividend yield	2.8%	Dividends paid over the period / market cap.
Shareholder yield	4.9%	(Dividends paid + share buybacks) / market cap.

What was TRICO BANCSHARES /'s revenue in fiscal 2025?

TRICO BANCSHARES / reported revenue of $53.4M for fiscal 2025, 4.1% higher than the year before.

Was TRICO BANCSHARES / profitable in fiscal 2025?

Yes. Net income was $121.6M, a net margin of 227.4%.

How much free cash flow did TRICO BANCSHARES / generate in fiscal 2025?

Cash from operations of $133.3M minus capital expenditures of $5.4M left free cash flow of $127.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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