Trico Bancshares / (TCBK) intrinsic value & 10-year financials
Trico Bancshares / (TCBK) has a Graham intrinsic value of $74.63 per share. At $52.04 on Oct 17, 2026, the stock trades 30% below that value. Over the last 10 fiscal years revenue grew 5.4% a year to $53.4M, with an average return on invested capital of 10.0%.
- Graham intrinsic value
- $74.63
- Share price (Oct 17, 2026)
- $52.04
- Price vs Graham value
- 30% below
- Market cap
- $1.7B
- Revenue (FY2025)
- $53.4M
- Revenue growth (10-yr CAGR)
- 5.4%
- ROIC (10-yr avg)
- 10.0%
- Free cash flow (FY2025)
- $127.9M
TCBK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $53.4M | $121.6M | $3.70 | $127.9M | — | 9.5% |
| FY2024 | $51.3M | $114.9M | $3.46 | $105.2M | — | 9.7% |
| FY2023 | $50.1M | $117.4M | $3.52 | $134.0M | — | 10.6% |
| FY2022 | $49.8M | $125.4M | $3.83 | $159.3M | — | 12.3% |
| FY2021 | $43.9M | $117.7M | $3.94 | $129.0M | — | 12.2% |
| FY2020 | $38.0M | $64.8M | $2.16 | $112.0M | — | 7.1% |
| FY2019 | $40.4M | $92.1M | $3.00 | $98.5M | — | 10.6% |
| FY2018 | $38.5M | $68.3M | $2.54 | $83.6M | — | 10.2% |
| FY2017 | $37.4M | $40.6M | $1.74 | $40.2M | — | 8.2% |
| FY2016 | $33.2M | $44.8M | $1.94 | $37.3M | — | 9.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TRICO BANCSHARES / has demonstrated mature, steady growth, with revenue compounding at 5.4% annually over the past decade.
TRICO BANCSHARES / returns on capital have been average, hovering around 10.0% ROIC over the decade.
TRICO BANCSHARES / has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TRICO BANCSHARES / is modeled at 7.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $74.63 per share.