Here are 1-2 brief analogies for TriCo Bancshares (TCBK):

• It's like the US Bancorp for Northern and Central California, providing a full range of traditional banking services within a specific regional market.
• Think of it as a regional bank for Northern and Central California, similar to how Zions Bancorporation serves the Intermountain West with a strong focus on community and business banking.

• Deposit Accounts: Services enabling individuals and businesses to securely store funds and manage transactions.
• Commercial Lending: Provides various types of loans to businesses for operational needs, expansion, and real estate purchases.
• Real Estate Lending: Offers mortgages for residential and commercial properties, including construction and acquisition financing.
• Consumer Lending: Provides personal loans, auto loans, and other credit products to individuals for various personal needs.
• Wealth Management & Trust Services: Offers financial planning, investment management, and trust administration to individuals and businesses.
• Treasury Management Services: Provides businesses with tools to optimize cash flow, manage payments, and mitigate financial risks.

Major Customers of TriCo Bancshares (TCBK)

• Individual/Retail Customers: This category includes consumers and households who utilize personal banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit, residential mortgage loans, home equity lines of credit, auto loans, and other personal credit products.
• Business/Commercial Customers: This segment comprises small to medium-sized businesses, corporations, and other commercial entities. They typically use services like business checking and savings accounts, commercial loans (including lines of credit, term loans, commercial real estate loans), treasury management services, and merchant services.
• Wealth Management/Trust Customers: This category includes high-net-worth individuals, families, and organizations seeking specialized financial services. These services often involve investment management, financial planning, estate planning, and trust administration.

Richard P. Smith, Chairman, President & Chief Executive Officer

Richard P. Smith has served as the President, Chief Executive Officer, and a Director of Tri Counties Bank and TriCo Bancshares since November 1999. He joined Tri Counties Bank in 1993, progressing through various roles including Vice President - Supermarket Banking (1993), Vice President and Chief Information Officer (1994), Senior Vice President - Customer/Employee Support and Control (1995), Executive Vice President (1997), and President and Chief Operating Officer (1998). Prior to his tenure at TriCo Bancshares, Mr. Smith was the Chief Financial Officer for Systemone Technologies, Inc., a company that designed, manufactured, and sold self-contained recycling parts washers. He also served as Chairman of the California Bankers Association during 2011.

Peter G. Wiese, Executive Vice President and Chief Financial Officer

Peter G. Wiese was appointed Executive Vice President and Chief Financial Officer of TriCo Bancshares and Tri Counties Bank in August 2018. He also holds the title of Principal Accounting Officer. Before joining TriCo Bancshares, Mr. Wiese served as a consultant to the Bank from June to August 2018. From 2011 through April 2018, he was a partner with the public accounting firm Crowe LLP (previously Crowe Horwath LLP), where he specialized in the financial services and banking industries. Mr. Wiese is a Certified Public Accountant with over two decades of experience in public accounting.

Daniel K. Bailey, Executive Vice President, Chief Banking Officer

Daniel K. Bailey serves as the Executive Vice President and Chief Banking Officer of TriCo Bancshares and Tri Counties Bank.

Craig B. Carney, Executive Vice President & Chief Credit Officer of Tri Counties Bank

Craig B. Carney holds the position of Executive Vice President and Chief Credit Officer of TriCo Bancshares and Tri Counties Bank.

Gregory A. Gehlmann, Senior Vice President and General Counsel

Gregory A. Gehlmann is the Senior Vice President and General Counsel for TriCo Bancshares and Tri Counties Bank.

The clear emerging threat for TriCo Bancshares (TCBK) is the increasing market penetration and sophisticated offerings from **fintech companies and digital-only banks (neo-banks)**. These entities leverage advanced technology to provide highly convenient, often lower-cost, and digitally seamless banking experiences, directly competing for deposits, consumer loans, small business lending, and payment services. This trend directly challenges the traditional branch-based model and community focus of regional banks like TCBK by attracting customers, particularly younger and digitally-native demographics, who prioritize digital accessibility and user experience over physical presence. As fintechs expand their service portfolios and gain mainstream adoption, they pose a significant threat to TriCo Bancshares' customer base, market share, and long-term profitability.

Addressable Markets for TriCo Bancshares' Main Products and Services in California

• Commercial Banking Services (including deposits, commercial, and industrial loans): The commercial banking industry in California is projected to have a market size of approximately $125.7 billion in 2025. This market encompasses accepting deposits from customers and issuing various types of commercial and industrial loans.
• Residential Mortgage Loans: The aggregate principal amount of residential mortgage loans originated in California totaled $172 billion in 2022. While the number of new mortgages originated significantly decreased from 929,500 in Q4 2020 to 95,000 in Q1 2023, the average mortgage loan size in California grew to approximately $594,000 during that period. In Northern California, specifically, the average new mortgage loan in Q1 2023 was around $285,800.
• Consumer Loans (including personal, auto, and other consumer loans): California's personal loan market experienced significant growth and reached new highs in 2025. Northern California accounts for approximately one-third of the state's total personal loan debt, with average loan amounts around $20,000 in 2023. Southern California represents about half of California's total loan activity in this segment.
• Deposits (demand, savings, and time deposits): In 2014, the total deposits across all banks in California were approximately $752.8 billion, excluding credit unions. More recently, in 2024, some major metropolitan areas in California, such as San Francisco, San Diego, Los Angeles, and San Jose, experienced declines in total deposits ranging from 2% to 5%.
• Wealth Management and Investment Services: While a specific market size for California is not readily available, the global wealth management market was valued at $1.25 trillion in 2020 and is forecast to grow to $3.43 trillion by 2030. North America held over half of the global market share in 2020 and is expected to maintain its leading position. Given California's economic size and population, it represents a significant segment within the broader North American wealth management market.

TriCo Bancshares (TCBK) is anticipated to drive future revenue growth over the next two to three years through several key strategies:

1. Loan Growth and Diversification: The company has experienced a healthy increase in loan balances, and its strategic focus includes further growth in lending activities and diversifying its loan portfolio. Total loans outstanding reached $7.0 billion as of September 30, 2025, marking a 4.8% year-over-year increase. This expansion in lending is expected to lead to increased revenue.
2. Net Interest Income (NII) Expansion and Asset/Liability Management: TriCo Bancshares has demonstrated robust net interest income and effective interest income management. Management expects that the incremental repricing of earning assets will increasingly benefit revenues. Furthermore, a migration towards a steepening yield curve is projected to positively contribute to net interest income expansion.
3. Market Expansion and Enhanced Business Banking Services: TriCo Bancshares is strategically focused on expanding its market presence within California, evidenced by new branch openings, such as the San Francisco West Portal branch in late summer 2025. The company has also restructured its business and commercial management teams to provide specialized expertise and services, particularly for California businesses with revenues between $2 million and $10 million, aiming to strengthen its ability to serve these segments and foster growth opportunities.
4. Organic Deposit Growth: The company plans to utilize organic deposit growth to support loan expansion or reduce borrowings, which will lead to an improved mix of earning assets. Deposit balances increased by $153.6 million, or 7.8% annualized, during a period in 2024, demonstrating the company's ability to attract and retain deposits to fund its lending activities.

Share Repurchases

• In March 2021, TriCo Bancshares authorized a new share repurchase program for up to 2,000,000 shares, valued at approximately $86.1 million at the time, replacing a prior 2019 program.
• During 2020, the company repurchased approximately 859,000 shares for a total of $26.3 million.
• As of June 30, 2025, roughly 0.36 million shares remained authorized for repurchase under the February 2021 program. Additionally, in the quarter ending September 30, 2025, a repurchase of 52,874 shares for US$2.3 million completed a multi-year US$69.34 million buyback program.

Share Issuance

• In March 2022, TriCo Bancshares issued approximately 4.1 million shares of common stock in connection with its merger with Valley Republic Bancorp.

Outbound Investments

• TriCo Bancshares completed the acquisition of Valley Republic Bancorp in March 2022.
• This strategic stock transaction was valued at approximately $165.6 million based on TriCo's stock price in July 2021, or approximately $173 million as reported upon closing in March 2022.
• The merger aimed to expand Tri Counties Bank's presence, positioning it as the largest community bank by deposits in Bakersfield and Kern County, and serving customers throughout the San Joaquin Valley.

Capital Expenditures

• Investing cash flow, which includes the purchase and sale of assets, was -$36.2 million for a recent period, indicating investments made by the company.