TriCo: Q4 Earnings Snapshot

January 25, 2023 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCBK at https://www.zacks.com/ap/TCBK