Tri Counties Bank Honored with the 2022 Raymond James Community Bankers Cup Award
17 Mai 2023 - 12:36AM
Business Wire
TriCo Bancshares (Nasdaq: TCBK), parent company of Tri Counties
Bank, earned the #14 spot in the 2022 Raymond James Community
Bankers Cup Awards.
The award recognizes the top 10% of community banks in the U.S.,
with assets between $500 million and $10 billion as of December 31,
2022. Banks were rated on six financial performance and stability
measures:
- Nonperforming assets to loans and real estate owned
- Five-year average core deposit percentage
- Net interest margin (NIM)
- Efficiency ratio
- Return on average assets (ROAA)
- Return on average tangible common equity (ROTCE)
According to Raymond James, Community Bankers Cup winners
outperformed bank peers as measured by one-year, three-year, and
five-year total returns.
“We are honored to be named in the top 10% of community banks in
the United States by Raymond James,” said Rick Smith, President and
CEO of Tri Counties Bank. “With almost five decades of growth and
profitability, and assets of nearly $10 billion, we are a
financially strong and well-capitalized bank.”
The pool of banks considered for recognition included all
exchange-traded domestic banks, excluding mutual holding companies
and potential acquisition targets, that are exchange traded and not
an acquisition target or a mutual holding company. 216 banks
nationwide were eligible for ranking in 2022.
About Tri Counties Bank
Established in 1975, Tri Counties Bank is a wholly-owned
subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in
Chico, California, with assets of nearly $10 billion and more than
45 years of financial stability. Tri Counties Bank provides a
unique brand of Service With Solutions® for communities throughout
California with a breadth of personal, small business and
commercial banking services, plus an extensive branch network, more
than 37,000 surcharge-free ATMs nationwide, and advanced mobile and
online banking. Tri Counties Bank participates in the Cities for
Financial Empowerment (CFE) Fund’s BankOn program that seeks to
ensure that everyone has access to safe and affordable financial
products and services. Visit TriCountiesBank.com to learn
more. Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20230516006076/en/
Megan Sheehan, AVP, Community Engagement Manager
megansheehan@tcbk.com (530) 332-2330
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