TriCo Bancshares Raises Dividend by 9%, Maintains Share Repurchase Plan

TriCo Bancshares declared a quarterly dividend of 36 cents per share, a nearly 9.1% increase from the prior payout. This marks the company's 144th consecutive quarterly dividend and a fourfold increase over the past 15 years. The company maintains a healthy payout ratio of 39% and an annualized dividend growth rate of 9.48%.

Chico, Calif. - TriCo Bancshares (NASDAQ: TCBK), the parent company of Tri Counties Bank, has announced a significant increase in its quarterly cash dividend. The Board of Directors has declared a quarterly cash dividend of $0.36 per share, representing a 9.1% increase from the previous quarter. This marks the 144th consecutive quarterly cash dividend paid by the company, which has consistently grown its dividend over the past 15 years.

The dividend, payable on September 19, 2025, to shareholders of record as of September 5, 2025, is part of the bank's strategy to reward shareholders and reflect its confidence in future growth. The dividend yields 2.94% at current prices, according to InvestingPro analysis, suggesting the stock may be undervalued based on its Fair Value model.

TriCo Bancshares, established in 1975, operates with assets of nearly $10 billion, providing consumer, small business, and commercial banking services across California. The company has maintained a healthy payout ratio of 39% and an annualized dividend growth rate of 9.48% over the past five years, indicating its commitment to shareholder returns.

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. The transition was approved by TriCo’s Board of Directors following Moss Adams’ resignation due to the merger.

TriCo Bancshares' consistent dividend growth and robust earnings performance make it an attractive option for income-focused investors. With a 3.36% yield and a price-to-book ratio of 5.6x, the stock offers a compelling blend of earnings momentum and disciplined capital returns.

For more information, please refer to the following sources:
[1] https://www.investing.com/news/company-news/trico-bancshares-increases-quarterly-dividend-by-91-to-036-93CH-4209754
[2] https://www.ainvest.com/news/trico-bancshares-dividend-powerhouse-high-growth-regional-bank-2508/