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TriCo tops 1Q profit forecasts

CHICO, Calif. (AP) _ TriCo Bancshares (TCBK) on Thursday reported first-quarter profit of $12.1 million.

The bank, based in Chico, California, said it had earnings of 52 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The holding company for Tri Counties Bank posted revenue of $55.2 million in the period. Its adjusted revenue was $53.7 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $56.1 million.

TriCo shares have risen almost 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.42, a rise of 36 percent in the last 12 months.


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


Keywords: TriCo, Earnings Report