TriCo Bancshares (TCBK) investor relations material

Executive summary

• Net income for Q2 2026 was $34.2 million ($1.06 per diluted share), up 24.1% year-over-year, driven by robust loan growth and disciplined expense management.

• Net interest income (FTE) rose to $93.9 million, a 2.6% sequential increase, with net interest margin at 4.11%.

• Efficiency ratio improved to 56.2% (55.5% excluding merger expenses), compared to 59.0% a year ago.

• Tangible capital ratio increased to 10.8% from 10.0% year-over-year.

• Announced a pending merger with First Hawaiian, Inc., expected to close by year-end 2026.

Financial highlights

• Total assets reached $9.93B, loans $7.31B, and deposits $8.37B as of June 30, 2026.

• Loan balances increased $242.9 million (13.7% annualized) from the prior quarter and $352.1 million (5.1%) year-over-year.

• Deposit balances decreased $34.8 million (1.7% annualized) sequentially and $7.0 million year-over-year.

• Return on average assets was 1.37%, and return on average equity was 10.15% for Q2 2026.

• Quarterly diluted EPS for Q2 2026 was $1.06, up from $0.84 in Q2 2025.

Outlook and guidance

• Management expects continued loan and asset growth, with disciplined expense control and limited share repurchases due to the pending merger.

• Economic indicators and borrower performance remain stable, supporting a positive outlook for the remainder of 2026.

• Uncertainties remain regarding interest rate policy, inflation, and geopolitical risks.