TriCo Bancshares CEO Rick Smith’s Compensation Revealed: How Much Is He Getting Paid?
April 4, 2024
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TRICO ($NASDAQ:TCBK): TriCo Bancshares is a financial holding company that operates through its subsidiary, Tri Counties Bank. The company provides banking services to individuals and businesses in Northern and Central California. One of the key figures at TriCo Bancshares is its CEO, Rick Smith. This article will delve into the details of how much Smith is getting paid for his role as CEO. Despite the decrease in compensation, Smith’s total pay package still puts him among the top earners in the banking industry. According to data from S&P Global Market Intelligence, Smith’s compensation is higher than the median pay for bank CEOs of similar sized companies.
TriCo Bancshares’ board of directors determines Smith’s compensation based on his performance in achieving the company’s financial and strategic goals. This aligns with the company’s overall goal of creating long-term shareholder value. While his pay decreased compared to the previous year, it still ranks among the top in the banking industry and is tied to the company’s performance and shareholder value. As a key figure in the company, Smith’s compensation will continue to be closely monitored in the years to come.
Share Price
On Thursday, TRICO BANCSHARES, a California-based bank holding company, saw its stock open at $36.6 and close at $36.8, showing a slight increase of 0.4% from the previous day’s closing price of $36.6. This comes as no surprise as the company has been performing well in the stock market, with its shares showing a consistent upward trend over the past year.
However, what has been making headlines recently is the revelation of the compensation of TriCo Bancshares‘ CEO, Rick Smith. These stock options and units are subject to certain vesting requirements and will only be fully realized if the company meets its long-term financial targets. The increase in his overall compensation was mainly driven by the higher cash bonus and stock options awarded. As for how this compensation compares to other CEOs in the banking industry, Smith’s total pay falls below the median pay of CEOs at similar sized banks. This pay package is a reflection of the company’s solid performance and reflects a mix of salary, cash bonus, and stock options. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trico Bancshares. More…
| Total Revenues | Net Income | Net Margin |
| – | 117.39 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trico Bancshares. More…
| Operations | Investing | Financing |
| 162.9 | -723.22 | -100.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trico Bancshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.91k | 8.75k | – |
Key Ratios Snapshot
Some of the financial key ratios for Trico Bancshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
In my analysis of TRICO BANCSHARES, I have found that the company is classified as a ‘rhino’ according to Star Chart. This means that the company has achieved moderate revenue or earnings growth. This type of company may be attractive to investors who are looking for stable, but not necessarily high, growth potential. In terms of fundamentals, TRICO BANCSHARES is strong in several key areas. Firstly, the company shows good growth potential, which could be appealing to investors who are seeking long-term returns. Additionally, TRICO BANCSHARES has a solid asset base, which provides a stable foundation for future growth. Furthermore, the company offers a dividend to its shareholders, which may be attractive to income-seeking investors. However, it is important to note that TRICO BANCSHARES only ranks as medium in terms of profitability. This suggests that although the company has potential for growth and offers a dividend, it may not be as profitable as some other companies in the market. This may be a consideration for investors who prioritize immediate returns over long-term growth potential. One aspect of TRICO BANCSHARES that stands out to me is its high health score of 9/10. This score reflects the company’s strong cash flow and manageable levels of debt. With this financial strength, TRICO BANCSHARES is well-equipped to weather any potential crises and is unlikely to face the risk of bankruptcy. This may be reassuring for investors who are concerned about the stability of their investments. In conclusion, while TRICO BANCSHARES may not offer the highest return potential or profitability, it presents a solid option for investors seeking a balanced and stable investment opportunity. With strong fundamentals and a high health score, this company is well-positioned for long-term growth and success. More…
Peers
In the world of banking, there are many different institutions that offer similar services.
However, when it comes to customer service and satisfaction, TriCo Bancshares always comes out on top. Their main competitors are PacWest Bancorp, Glacier Bancorp Inc, and Jammu & Kashmir Bank Ltd, but TriCo always manages to stay ahead of the game. This is due to their excellent customer service, which is always a top priority for the company.
– PacWest Bancorp ($NASDAQ:PACW)
As of 2022, PacWest Bancorp has a market cap of 3.33B. The company is a bank holding company that operates through its subsidiary, Pacific Western Bank. It offers a range of banking products and services to small and medium-sized businesses, entrepreneurs, professionals, and individuals in California, Arizona, and Nevada.
– Glacier Bancorp Inc ($NYSE:GBCI)
Glacier Bancorp Inc is a regional bank holding company based in Kalispell, Montana, with over $16 billion in assets. It operates through over 190 banking offices in Montana, Idaho, Colorado, Wyoming, Utah, and Washington. The company offers a full range of banking services to its customers, including deposits, loans, and credit cards.
– Jammu & Kashmir Bank Ltd ($BSE:532209)
Jammu & Kashmir Bank Ltd is a banking and financial services company based in India. As of 2022, the company had a market capitalization of 39.08 billion dollars. The company offers a range of banking and financial products and services to its customers, including savings and deposit accounts, personal and business loans, credit cards, and investment products. The company has a strong presence in the Indian market, with over 1,000 branches across the country.
Summary
TriCo Bancshares is a publicly traded company that operates as a bank holding company for Tri Counties Bank. While this may seem like a large sum, it is in line with the median compensation for CEOs of similar companies. Additionally, TriCo Bancshares has seen steady financial performance over the years, with strong earnings growth and a healthy balance sheet. Overall, this suggests that investing in TriCo Bancshares may be a sound decision for investors looking for a stable and well-managed company.
