TriCo Bancshares increases quarterly dividend by 9.1% to $0.36

CHICO, Calif. - TriCo Bancshares (NASDAQ:TCBK), the parent company of Tri Counties Bank, announced on Thursday that its Board of Directors has declared a quarterly cash dividend of $0.36 per share, representing a 9.1% increase from the previous quarter. The dividend yields 2.94% at current prices, and according to InvestingPro analysis, the stock appears undervalued based on its Fair Value model.

The dividend will be payable on September 19, 2025, to shareholders of record as of September 5, 2025, according to a company press release.

This marks the 144th consecutive quarterly cash dividend paid by the California-based banking company. Over the past 15 years, TriCo has increased its quarterly dividend ten times, growing from $0.09 to the current $0.36 per share.

The company indicated that the dividend increase reflects management’s confidence in its outlook for growth in earning assets and earnings per share.

TriCo Bancshares, established in 1975, operates through its wholly-owned subsidiary Tri Counties Bank with assets of nearly $10 billion. The bank provides consumer, small business, and commercial banking services across California.

In other recent news, TriCo Bancshares has appointed Baker Tilly US, LLP as its new independent registered public accounting firm. This change comes after the merger of its previous auditor, Moss Adams LLP, with Baker Tilly. Effective June 3, 2025, Baker Tilly will assume auditing responsibilities for TriCo Bancshares. According to a recent SEC filing, the transition was approved by TriCo’s Board of Directors following Moss Adams’ resignation due to the merger. Notably, the audit reports from Moss Adams for the years ending December 31, 2024, and 2023 were free of adverse opinions or disclaimers. Furthermore, there were no disagreements or reportable events between TriCo and Moss Adams during this period.

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