TriCo: 2Q Earnings Snapshot
CHICO, Calif. (AP) _ TriCo Bancshares (TCBK) on Thursday reported second-quarter profit of $23.1 million.
The Chico, California-based bank said it had earnings of 75 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The holding company for Tri Counties Bank posted revenue of $81.7 million in the period. Its revenue net of interest expense was $77.9 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $77.8 million.
TriCo shares have risen 12% since the beginning of the year. The stock has decreased 1.5% in the last 12 months.