TRICO BANCSHARES /TCBK

TRICO BANCSHARES / Segments Disclosure

10-KFiled Mar 2, 20262 min read
Segment Information
The Company's reportable segment is determined by the Chief Executive Officer, who is designated the chief operating decision maker, based upon information provided about the Company's products and services offered, primary banking operations. The segment is also distinguished by the level of information provided to the chief operation decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products/services, and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company's business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company's segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessing performance and in establishing compensation. Loans and investments are the primary sources of revenue in the banking operation. Interest expense on deposits and borrowings, provisions for credit losses, and payroll comprise the significant expenses in the banking operation. All operations are domestic.

Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of the banking segment totals to the financial statements:

Year Ended December 31,
(in thousands)202520242023
Interest income$470,572 $466,638 $438,354 
Reconciliation of revenue:
Other revenues68,338 64,407 61,400 
Total consolidated revenues538,910 531,045 499,754 
Less:
Interest expense119,729 135,204 81,677 
Segment net interest income and noninterest income419,181 395,841 418,077 
Less:
Provision for credit losses12,063 6,632 23,990 
Salaries and benefits expense149,771 140,581 135,795 
Other banking segment items91,188 93,524 97,387 
Provision for income taxes44,601 40,236 43,515 
Segment net income/consolidated net income$121,558 $114,868 $117,390 
Reconciliation of assets:
Total assets for reportable segment$9,822,063 $9,673,728 $9,910,089 
Other assets— — — 
Total consolidated assets$9,822,063 $9,673,728 $9,910,089 

Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Mar 3, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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