TriCo (TCBK - Free Report) reported $104.34 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.8%. EPS of $0.75 for the same period compares to $0.93 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $106.15 million, representing a surprise of -1.70%. The company delivered an EPS surprise of -22.68%, with the consensus EPS estimate being $0.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TriCo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 58.69% versus the three-analyst average estimate of 54.17%.
- Net Interest Margin [%]: 3.96% versus 4.08% estimated by three analysts on average.
- Average Interest-Earning Assets: $9.02 billion versus the two-analyst average estimate of $8.97 billion.
- Total Non Interest Income: $15.74 million versus the three-analyst average estimate of $15.08 million.
- Net Interest Income: $88.60 million compared to the $90.95 million average estimate based on two analysts.
View all Key Company Metrics for TriCo here>>>Shares of TriCo have returned +14% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
TriCo (TCBK - Free Report) reported $104.34 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.8%. EPS of $0.75 for the same period compares to $0.93 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $106.15 million, representing a surprise of -1.70%. The company delivered an EPS surprise of -22.68%, with the consensus EPS estimate being $0.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TriCo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 58.69% versus the three-analyst average estimate of 54.17%.
- Net Interest Margin [%]: 3.96% versus 4.08% estimated by three analysts on average.
- Average Interest-Earning Assets: $9.02 billion versus the two-analyst average estimate of $8.97 billion.
- Total Non Interest Income: $15.74 million versus the three-analyst average estimate of $15.08 million.
- Net Interest Income: $88.60 million compared to the $90.95 million average estimate based on two analysts.
View all Key Company Metrics for TriCo here>>>Shares of TriCo have returned +14% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Get the latest research report on TCBK - FREE