TRICO BANCSHARES / Business Summary

TriCo Bancshares (NASDAQ: TCBK) is the bank holding company for Tri Counties Bank, a California-chartered institution providing comprehensive retail and commercial financial services. The company generates the vast majority of its revenue—approximately 83%—through net interest income derived from a diverse loan portfolio including commercial, real estate, and consumer lending, supplemented by non-interest income from wealth management, treasury services, and deposit fees. Its primary business segments are organized into personal, small business, and commercial banking, with a specialized wholesale structure targeting middle-market and specialty industries. Positioned as a dominant regional player in Northern and Central California, TriCo is projected to surpass the $10 billion asset threshold in 2026. It competes directly with regional peers such as Banc of California, Westamerica Bancorporation, and Hope Bancorp, distinguishing itself through a high-touch, relationship-based community banking model. Founded in 1975 by a collective of local businessmen and ranchers in Chico, California, TriCo is currently led by Richard P. Smith, who has served as President and CEO since 1999 and serves as Chairman of the Board. The executive leadership team includes Peter G. Wiese as EVP and Chief Financial Officer, Daniel K. Bailey as EVP and Chief Banking Officer, and Craig B. Carney as EVP and Chief Credit Officer. Following the recent retirement of COO John S. Fleshood in early 2026, the management team remains anchored by long-tenured officers including SVP and General Counsel Gregory A. Gehlmann. The board of directors is highlighted by Vice Chairman Michael W. Koehnen, President of C.F. Koehnen & Sons, and Lead Independent Director Cory W. Giese. The company’s stability is backed by a robust institutional investor base, with major holdings from Vanguard Group, BlackRock, and FMR LLC, supporting its track record of 145+ consecutive quarterly dividends.