TriCo Bancshares (TCBK) Cash Flow Statement
Where TCBK’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $133.3M +21.5% vs 2024
- Capital expenditures
- $5.4M 1.0% of revenue
- Free cash flow
- $127.9M 24.0% margin
- Returned to shareholders
- $77.1M 60% of free cash flow
- Change in cash
- $12.1M cash at year-end $157.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
TCBK operating cash flow, capex and free cash flow
TCBK cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $48.2M2016 | $133.3M2025 | +12.0%/yr | |
| Capital expenditures | $10.9M2016 | $5.4M2025 | −7.6%/yr | |
| Free cash flow | $37.3M2016 | $127.9M2025 | +14.7%/yr | |
| Free cash flow margin | 17.5%2016 | 24.0%2025 | +6.5 pts | |
| Operating cash flow / net income | 1.082016 | 1.102025 | +0.02 | |
| Stock-based compensation | $1.5M2016 | $4.8M2025 | +14.0%/yr | |
| Dividends paid | $13.7M2016 | $45.0M2025 | +14.1%/yr | |
| Share buybacks (net) | $1.9M2016 | $32.0M2025 | +37.0%/yr | |
| Capex / revenue | 5.1%2016 | 1.0%2025 | −4.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TCBK cash flow by activity
TCBK net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
TCBK cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $121.6M | $114.9M | $117.4M | $125.4M | $117.7M | $64.8M | $92.1M | $68.3M | $40.6M | $44.8M |
| Depreciation & amortization | $14.4M | $16.1M | $18.8M | $18.4M | $17.3M | $17.6M | $17.2M | $10.5M | $8.2M | $7.9M |
| Stock-based compensation | $4.8M | $4.7M | $4.1M | $3.9M | $2.6M | $2.0M | $1.7M | $1.5M | $1.6M | $1.5M |
| Change in working capital | −$11.9M | −$23.3M | −$16.3M | $7.6M | $2.7M | $7.4M | −$228,000 | $5.6M | −$4.8M | −$5.3M |
| Other non-cash items | $4.5M | −$2.6M | $14.8M | $7.6M | −$8.0M | $22.9M | −$7.9M | $5.2M | $9.9M | −$567,000 |
| Cash from operating activities | $133.3M | $109.7M | $138.9M | $162.9M | $132.2M | $114.8M | $102.8M | $91.1M | $55.4M | $48.2M |
| Investing activities | ||||||||||
| Capital expenditures | −$5.4M | −$4.6M | −$4.9M | −$3.6M | −$3.2M | −$2.8M | −$4.3M | −$7.4M | −$15.2M | −$10.9M |
| Investments (net) | $271.5M | $285.0M | −$88.4M | −$1.15B | −$889.4M | −$816.5M | −$30.2M | −$175.2M | −$357.4M | −$139.4M |
| Acquisitions & other investing | −$348.8M | $4.6M | $121.8M | $435.1M | $8.8M | $3.0M | $4.7M | $40.6M | $15.2M | $10.9M |
| Cash from investing activities | −$82.6M | $285.0M | $28.6M | −$723.2M | −$883.8M | −$816.3M | −$29.8M | −$142.0M | −$357.4M | −$139.4M |
| Financing activities | ||||||||||
| Dividends paid | −$45.0M | −$43.6M | −$39.9M | −$35.8M | −$29.7M | −$26.3M | −$25.0M | −$18.8M | −$15.1M | −$13.7M |
| Share repurchases & issuance (net) | −$32.0M | −$15.5M | −$9.2M | −$27.1M | −$4.3M | −$26.7M | −$2.2M | −$2.5M | −$1.6M | −$1.9M |
| Net borrowing (repayment) | −$137.8M | −$543.0M | $368.0M | $214.5M | $23.2M | $8.5M | $2.6M | −$271.3M | $104.7M | $5.2M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $176.3M | $253.7M | −$494.8M | −$252.4M | $861.4M | $1.14B | $537,000 | $365.6M | $114.0M | $103.7M |
| Cash from financing activities | −$38.6M | −$348.4M | −$176.0M | −$100.9M | $850.5M | $1.09B | −$24.0M | $73.0M | $201.9M | $93.3M |
| Summary | ||||||||||
| Net change in cash | $12.1M | $46.3M | −$8.5M | −$661.2M | $98.9M | $393.0M | $49.0M | $22.1M | −$100.2M | $2.2M |
| Cash at end of period | $157.0M | $145.0M | $98.7M | $107.2M | $768.4M | $669.6M | $276.5M | $227.5M | $205.4M | $305.6M |
| Free cash flow | $127.9M | $105.2M | $134.0M | $159.3M | $129.0M | $112.0M | $98.5M | $83.6M | $40.2M | $37.3M |
| Free cash flow margin | 24.0% | 20.1% | 27.2% | 38.7% | 38.5% | 35.3% | 30.7% | 30.7% | 17.7% | 17.5% |
| Capex / revenue | 1.0% | 0.9% | 1.0% | 0.9% | 1.0% | 0.9% | 1.3% | 2.7% | 6.7% | 5.1% |
| Operating cash flow / net income | 1.10 | 0.96 | 1.18 | 1.30 | 1.12 | 1.77 | 1.12 | 1.33 | 1.37 | 1.08 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $34.2M | $33.7M | $33.6M | $34.0M | $27.5M | $26.4M | $29.0M | $29.1M | $29.0M | $27.7M | $26.1M | $30.6M |
| Depreciation & amortization | $3.7M | $3.7M | $3.8M | $3.6M | $3.5M | $3.5M | $3.9M | $4.0M | $4.1M | $4.0M | $4.3M | $3.2M |
| Stock-based compensation | $1.2M | $954,000 | $1.1M | $1.3M | $1.2M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $1.1M | $1.1M |
| Change in working capital | $4.3M | −$4.3M | −$7.8M | $9.0M | −$6.2M | −$7.0M | −$10.4M | −$2.3M | −$1.7M | −$8.8M | $2.0M | −$1.8M |
| Other non-cash items | −$18.2M | −$322,000 | $3.8M | −$2.9M | $3.2M | $476,000 | $589,000 | −$3.4M | −$740,000 | $928,000 | $3.2M | $13.0M |
| Cash from operating activities | $25.1M | $33.7M | $34.5M | $45.1M | $29.2M | $24.5M | $24.2M | $28.6M | $31.8M | $25.1M | $36.5M | $46.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$712,000 | −$712,000 | −$777,000 | −$1.9M | −$1.0M | −$1.7M | −$1.3M | −$1.2M | −$982,000 | −$1.0M | −$1.0M | −$647,000 |
| Investments (net) | $71.1M | −$35.5M | $28.2M | $55.7M | −$93.3M | $33.9M | −$60.0M | $89.9M | $195.1M | $60.0M | $42.2M | −$103.4M |
| Acquisitions & other investing | −$242.6M | $41.4M | −$106.4M | $1.9M | $1.0M | $1.7M | $1.3M | $803,000 | $982,000 | $1.0M | $1.0M | $647,000 |
| Cash from investing activities | −$172.3M | $5.1M | −$79.0M | $55.7M | −$93.3M | $33.9M | −$60.0M | $89.5M | $195.1M | $60.0M | $42.2M | −$103.4M |
| Financing activities | ||||||||||||
| Dividends paid | −$11.5M | −$11.5M | −$11.7M | −$11.7M | −$10.8M | −$10.9M | −$10.9M | −$10.9M | −$10.9M | −$11.0M | −$10.0M | −$10.0M |
| Share repurchases & issuance (net) | −$1.8M | −$22.4M | −$9.7M | −$2.5M | −$15.7M | −$4.1M | −$1.9M | −$66,000 | −$10.2M | −$3.4M | −$132,000 | −$34,000 |
| Net borrowing (repayment) | −$936,000 | −$258,000 | −$5.3M | −$60.7M | −$73.9M | $2.1M | −$177.2M | $19.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$34.8M | $139.7M | −$70.6M | −$41.3M | $170.5M | $117.8M | $50.5M | −$13.0M | −$82.1M | −$86.6M | −$81.0M | $59.5M |
| Cash from financing activities | −$49.0M | $105.5M | −$97.3M | −$116.3M | $70.1M | $104.9M | −$139.4M | −$4.9M | −$103.1M | −$100.9M | −$91.1M | $49.5M |
| Summary | ||||||||||||
| Net change in cash | −$196.1M | $144.3M | −$141.8M | −$15.4M | $6.0M | $163.3M | −$175.2M | $113.6M | $123.7M | −$15.9M | −$12.4M | −$7.7M |
| Cash at end of period | $105.2M | $301.3M | $157.0M | $298.8M | $314.3M | $308.2M | $145.0M | $320.1M | $206.6M | $82.8M | $98.7M | $111.1M |
| Free cash flow | $25.9M | $33.0M | $33.7M | $43.2M | $28.2M | $22.8M | $22.9M | $27.3M | $30.8M | $24.1M | $35.5M | $45.5M |
| Free cash flow margin | 18.8% | 24.5% | 24.5% | 31.8% | 21.4% | 17.8% | 17.5% | 20.7% | 23.5% | 18.6% | 27.3% | 35.9% |
| Capex / revenue | 0.5% | 0.5% | 0.6% | 1.4% | 0.8% | 1.3% | 1.0% | 0.9% | 0.8% | 0.8% | 0.8% | 0.5% |
| Operating cash flow / net income | 0.74 | 1.00 | 1.02 | 1.33 | 1.06 | 0.93 | 0.83 | 0.98 | 1.10 | 0.90 | 1.40 | 1.51 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
TCBK cash generation
In fiscal 2025 (ended December 31, 2025), TriCo Bancshares generated $133.3 million of cash from operations (up 21.5%) and spent $5.4 million on capital expenditures, leaving free cash flow of $127.9 million, 24.0% of revenue. It returned $77.1 million to shareholders through dividends ($45.0 million) and net share buybacks ($32.0 million). Cash and equivalents rose by $12.1 million over the year.
Related: TCBK income statement, TCBK balance sheet, TCBK dividend history. See the TCBK stock overview for the latest quote and news.
TCBK cash flow FAQ
What is TriCo Bancshares's free cash flow?
TriCo Bancshares's free cash flow was $127.9 million in fiscal 2025: $133.3 million of operating cash flow minus $5.4 million of capital expenditures It was $105.2 million a year earlier..
How much cash does TriCo Bancshares generate from operations?
TriCo Bancshares generated $133.3 million of cash from operating activities in fiscal 2025, 1.10 times its net income of $121.6 million.
How much does TriCo Bancshares spend on capital expenditures?
TriCo Bancshares spent $5.4 million on capital expenditures in fiscal 2025, 1.0% of revenue, compared with $4.6 million the year before.
How much stock does TriCo Bancshares buy back?
TriCo Bancshares spent $32.0 million on net share repurchases in fiscal 2025.
How much does TriCo Bancshares pay in dividends?
TriCo Bancshares paid $45.0 million in dividends in fiscal 2025, 35.2% of free cash flow.