TriCo Bancshares (TCBK) SEC Filings & Earnings Calls

Merger-related expenses of $3.8M in the quarter, up from $0.9M in trailing quarter, indicating integration costs

“inclusive of $3.8 million in merger related expenses during the current quarter, versus $0.9 million in the trailing quarter” · word for word

Non-performing assets to total assets increased to 0.79% from 0.76% QoQ and 0.72% YoY

“Non-performing assets to total assets were 0.79% on September 30, 2026, as compared to 0.76% as of June 30, 2026, and 0.72% on September 30, 2025” · word for word

Merger Integration Risk

“On July 12, 2026, TriCo entered into an Agreement and Plan of Reorganization and Merger with First Hawaiian, Inc.”

Credit Quality Deterioration

“Non-performing assets to total assets were 0.76% on June 30, 2026, as compared to 0.68% on June 30, 2025”

Deposit Outflow Risk

“Deposit balances decreased $34.8 million or 1.7% (annualized) from the trailing quarter” · word for word

Deposit outflow risk: deposit balances decreased $34.8M from trailing quarter; one-way sell deposits $68.8M vs zero prior

“Deposit balances decreased $34.8 million or 1.7% (annualized) from the trailing quarter. One-way sell deposit balances totaled $68.8 million at quarter end, as compared to zero for both the trailing quarter and same quarter of the prior period”

Merger integration risk: merger with First Hawaiian Bank may distract management and incur additional costs

“merger announcement with First Hawaiian Bank; $0.9 million in merger related expenses during the current quarter”

Efficiency ratio deterioration: efficiency ratio increased to 56.25% from 54.55% in trailing quarter, partly due to merger expenses and incentive compensation

“The efficiency ratio was 56.25% for the quarter ended June 30, 2026, as compared to 54.55% for the trailing quarter, inclusive of $0.9 million in merger related expenses” · word for word

Key person retention risk mitigated by bonus, but CEO departure could impact merger execution

“subject to the continued employment of Mr. Smith with TriCo through the closing of the Merger” · word for word

Regulatory approval risk; integration complexity; shareholder approval required

“the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company)” · word for word

Potential litigation risk related to transaction

“the outcome of any legal proceedings that may be instituted against FHI or TriCo, including potential litigation relating to the Transaction” · word for word

Credit quality deterioration

“Nonperforming assets increased during the three months ended March 31, 2026 by $6.0 million or 8.5% to $76.4 million compared to $70.5 million at December 31, 2025.” · word for word

Loan demand weakness

“Loan balances decreased $42.9 million or 2.4% (annualized) from the trailing quarter” · word for word

Loan balances decreased sequentially, indicating potential demand softness.

“Loan balances decreased $42.9 million or 2.4% (annualized) from the trailing quarter.” · word for word

Non-performing assets increased to 0.77% from 0.72% linked quarter.

“Non-performing assets to total assets were 0.77% on March 31, 2026, as compared to 0.72% as of December 31, 2025.” · word for word

Credit risk from loan portfolio

“Non-performing assets to total assets ratio 0.72%” · word for word

Interest rate risk

“The Company's business is subject to a number of risks, including credit risk, interest rate risk, and regulatory risk.”

Credit risk from economic downturn

“Unfavorable or uncertain economic and market conditions can be caused by a decline in economic growth... Such conditions could have a material adverse effect on the credit quality of our loans and our business, financial condition and results of operations.” · word for word

Interest rate risk from prolonged inflation

“Current economic conditions are being heavily impacted by prolonged inflationary conditions and higher interest rates, the effects of which may impact our profitability by negatively impacting our fixed costs and expenses.” · word for word

Deposit outflows continued; one-way sell deposits $72.9M

“Deposit balances decreased $70.6 million; one-way sell deposit balances totaled $72.9 million”

Expense growth expected to accelerate to ~5% in 2026

“year over year expense growth in 2026 is likely to accelerate (5%)” · word for word

Loss of experienced COO, but orderly transition and no disagreement mitigate risk

“Retirement effective Dec 2, 2025; no disagreement; unvested RSUs continue vesting”

Rising Non-Performing Assets

“Non-performing assets to total assets were 0.72% on September 30, 2025, as compared to 0.68% as of June 30, 2025, and 0.45% at September 30, 2024.” · word for word

Deposit Outflow

“Deposit balances decreased $41.3 million or 2.0% (annualized) from the trailing quarter” · word for word

Concentration in Agricultural CRE

“The increase in nonperforming assets during the third quarter of 2025 was primarily the result of nonperforming loan additions totaling $9.9 million... Farmland nonperforming loans increased to $36.3M from $35.8M QoQ” · word for word