Add as a preferred source on GoogleTriCo Bancshares Declares $0.36 Dividend as Quarterly Profit Rises
Shareholders of record Nov. 16 are scheduled to receive payment Nov. 27. Third-quarter diluted earnings were $1.18 per share, up from $1.06 a quarter earlier.
TriCo Bancshares declared a $0.36 quarterly dividend after third-quarter net income rose to $38 million, maintaining its payout as shareholders await a Nov. 27 payment.
The cash dividend was declared Oct. 20. Shareholders recorded as owners on Nov. 16 are eligible for the payment. The amount matches the dividends listed for the quarters ended Sept. 30 and June 30.
TriCo’s net income for the quarter ended Sept. 30 was $38 million, or $1.18 per diluted share. In the prior quarter, net income was $34.2 million, or $1.06 per diluted share. TriCo Bancshares is the parent company of Tri Counties Bank.
“As we prepare for our merger with First Hawaiian Bank, we remain focused on serving our customers and delivering growth and strong financial results,” TriCo Bancshares Chairman and CEO Rick Smith said.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.