CHICO, Calif. (AP) — CHICO, Calif. (AP) — TriCo Bancshares (TCBK) on Thursday reported fourth-quarter net income of $33.6 million.
The bank, based in Chico, California, said it had earnings of $1.03 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The holding company for Tri Counties Bank posted revenue of $137.3 million in the period. Its revenue net of interest expense was $109.4 million, also exceeding Street forecasts.
For the year, the company reported profit of $121.6 million, or $3.70 per share. Revenue was reported as $419.2 million.
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