TriCo: Q4 Earnings Snapshot
CHICO, Calif. (AP) _ TriCo Bancshares (TCBK) on Wednesday reported fourth-quarter net income of $36.3 million.
The bank, based in Chico, California, said it had earnings of $1.09 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The holding company for Tri Counties Bank posted revenue of $118.9 million in the period. Its revenue net of interest expense was $114.8 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $112.5 million.
For the year, the company reported profit of $125.4 million, or $3.83 per share. Revenue was reported as $409 million.