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TriCo Bancshares (TriCo Bancshares) Net Interest Margin (Bank Only) % : 3.69% (As of Mar. 2024)


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What is TriCo Bancshares Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. TriCo Bancshares's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $329.4 Mil. TriCo Bancshares's average earning assets for the quarter that ended in Mar. 2024 was $8,930.5 Mil. Therefore, TriCo Bancshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 3.69%.


TriCo Bancshares Net Interest Margin (Bank Only) % Historical Data

The historical data trend for TriCo Bancshares's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TriCo Bancshares Net Interest Margin (Bank Only) % Chart

TriCo Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.57 4.27 3.96 4.25 3.96

TriCo Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.17 3.98 3.95 3.86 3.69

Competitive Comparison of TriCo Bancshares's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, TriCo Bancshares's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TriCo Bancshares's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, TriCo Bancshares's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where TriCo Bancshares's Net Interest Margin (Bank Only) % falls into.



TriCo Bancshares Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

TriCo Bancshares's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=355.383/( (8972.156 + 8971.038)/ 2 )
=355.383/8971.597
=3.96 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=17.25 + 6338.887 + 2616.019
=8972.156

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=17.25 + 6665.156 + 2288.632
=8971.038

TriCo Bancshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=329.424/( (8971.038 + 8889.952)/ 2 )
=329.424/8930.495
=3.69 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=17.25 + 6665.156 + 2288.632
=8971.038

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=17.25 + 6668.397 + 2204.305
=8889.952

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


TriCo Bancshares  (NAS:TCBK) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


TriCo Bancshares Net Interest Margin (Bank Only) % Related Terms

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TriCo Bancshares (TriCo Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
63 Constitution Drive, Chico, CA, USA, 95973
TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.
Executives
Giese Cory W director, officer: EVP Wholesale Banking 63 CONSTITUTION DRIVE, CHICO CA 95973
Michael W Koehnen director 63 CONSTITUTION DRIVE, CHICO CA 95973
Anthony L. Leggio director 11601 BOLTHOUSE DRIVE. SUITE 200, BAKERSFIELD CA 93311
Jon Nakamura director 63 CONSTITUTION DRIVE, CHICO CA 95973
Richard P Smith director, officer: President & CEO 63 CONSTITUTION DRIVE, CHICO CA 95973
W Virginia Walker director, officer: EVP Wholesale Banking 63 CONSTITUTION DRIVE, CHICO CA 95973
Judi Giem officer: Chief Human Resource Officer 63 CONSTITUTION DRIVE, CHICO CA 95973
Margaret L Kane director 63 CONSITUTION DIVE, CHICO CA 95973
Kirsten E Garen director 63 CONSTITUTION DRIVE, CHICO CA 95973
Kimberley H Vogel director 63 CONSTITUTION DRIVE, CHICO CA 95973
Craig B Carney other: SR VP/Cheif Credit Officer 63 CONSTITUTION DR, CHICO CA 95973
Peter G Wiese officer: EVP/Chief Financial Officer 63 CONSTITUTION DR, CHICO CA 95973
Thomas G Atwood director
Thomas C Mcgraw director C/O FNB BANCORP, 975 EL CAMINO REAL, SOUTH SAN FRANCISCO CA 94080
Gregory A Gehlmann officer: SVP General Counsel TRICO BANCSHARES, 63 CONSTITUTION DRIVE, CHICO CA 95973