Trico Bancshares (TCBK) risk factors, FY2025 10-K

Trico Bancshares's FY2025 10-K, filed Mar 02, 2026, lists 53 risk factors in 6 groups. Against the prior year's 51: 4 new, 2 dropped, 25 substantially reworded.

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Risk factors listed
536 groups
New this year
4vs 51 last year
Dropped
2since the prior 10-K
Substantially reworded
25of those kept
Section length
15k wordsItem 1A

What the changes say

  • Added system-wide bank contagion, credit/debit card standard, technology, and AI risks.
  • Removed specific 2023 bank failure and interbank risk descriptions.
  • Reworded credit loss methodologies, real estate cycles, acquisition, and cybersecurity vendor risks.

What changed since the prior 10-K

New

  • NewRisks Related to the Nature and Geographic Area of Our Business

    Challenges experienced by other financial institutions could negatively impact the broader financial markets and, in turn, indirectly have an adverse effect on our operations

    Failures or liquidity pressures at other financial institutions could cause broader systemic problems and negatively impact our operations.

  • NewRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    We are subject to certain industry standards regarding our credit/debit card-related services. Failure to meet those standards may significantly impact our ability to offer these services

    Failure to comply with PCI-DSS security standards for cardholder data could disrupt our operations and increase costs.

  • NewRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    technological change affecting the financial services industry could have a material adverse effect on our business, financial condition and results of operations

    New business lines, products, or technologies could negatively affect our internal controls and financial results.

  • NewRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    The increased use and capacity of AI, Generative AI, large language models (LLMs), and AI agents by customers, vendors and competitors increases risks to our business

    Increased use of AI and generative tools by customers and vendors introduces new cybersecurity risks, regulatory burdens, and fraud opportunities.

Dropped

  • DroppedRisks Related to the Nature and Geographic Area of Our Business

    We may be adversely affected by the soundness of other financial institutions

  • DroppedRisks Related to the Nature and Geographic Area of Our Business

    Adverse developments affecting the financial services industry, such as the failure of three banks in the first half of 2023 or concerns involving liquidity, may have a material effect on the Company’s liquidity, earnings and financial condition

Reworded

  • 100% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    11 TriCo Bancshares 2025 10-K

    Updated to detail the CECL standard and how future economic forecasts add volatility to loan loss provisions.

    Was: 11 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    12 TriCo Bancshares 2025 10-K

    Shifted focus to cyclical real estate-related credit risks driven by uncontrollable national economic developments.

    Was: 15 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    13 TriCo Bancshares 2025 10-K

    Added detail on how social media rumors caused stock volatility and a 17% share price drop in March 2023.

    Was: 16 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Related to Interest Rates

    14 TriCo Bancshares 2025 10-K

    Added specific risks regarding elevated inflation impacting economic growth, consumer confidence, and monetary policies.

    Was: 17 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Related to Our Growth and Expansion

    Potential acquisitions may disrupt our business and dilute shareholder value, we may not be able to successfully consummate or integrate such acquisitions, and we may not realize the anticipated benefits contemplated when pursuing a potential acquisition

    Refined language regarding acquisition risks and limited information access prior to closing.

  • 100% rewrittenRisks Related to Our Growth and Expansion

    16 TriCo Bancshares 2025 10-K

    Replaced past 2023 malware incident details with Volcker Rule and $10 billion asset deposit insurance assessment thresholds.

    Was: 18 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    17 TriCo Bancshares 2025 10-K

    Removed specific references to the 2023 cyberattack investigation and public communication challenges.

    Was: 19 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    19 TriCo Bancshares 2025 10-K

    Replaced branch network risks with focus on fourth-party vendor environments and replacement difficulties for large national vendors.

    Was: 21 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    20 TriCo Bancshares 2025 10-K

    Was: 22 TriCo Bancshares 2024 10-K

  • 100% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    Our risk management framework may not be effective in identifying and mitigating every risk to us

  • 100% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    18 TriCo Bancshares 2025 10-K

    Was: 20 TriCo Bancshares 2024 10-K

  • 80% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    We experienced a criminal cyberattack in February 2023, which resulted in the temporary interruption of our systems, disclosure of certain confidential information, litigation and governmental inquiries, all of which could damage our reputation or create additional financial and legal exposure

  • 75% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    24 TriCo Bancshares 2025 10-K

    Was: 24 TriCo Bancshares 2024 10-K

  • 71% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    We face the risk that failures or breaches, including cyberattacks, of our operational or security systems or of those of our customers or vendors, could disrupt our business, result in the disclosure of confidential information, damage our reputation, and create significant financial and legal exposure

  • 70% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    Our allowance for credit losses may not be adequate to cover actual losses

  • 64% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    Cybersecurity and data privacy are areas of heightened legislative and regulatory focus

  • 64% rewrittenRisks Relating to Ownership of Our Common Stock

    Our ability to pay dividends is subject to legal and regulatory restrictions

  • 58% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    Our reliance on third-party vendors exposes us to risks, including additional cybersecurity risks

  • 47% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    A failure to implement technological advances could negatively impact our business

  • 39% rewrittenRisks Related to Interest Rates

    Our business is subject to interest rate risk and variations in interest rates may negatively affect our financial performance

  • 38% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    The majority of our assets are loans, which are subject to credit risks

    Was: The majority of our assets are loans, which are subject to credits risks

  • 33% rewrittenRisks Relating to Operations, Technology Systems, Accounting and Internal Controls

    We are subject to risk from fluctuating conditions in the financial markets and economic and political conditions generally

  • 26% rewrittenRisks Related to Our Growth and Expansion

    We will become subject to increased regulation when we have more than $10 billion in total consolidated assets

  • 24% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    We face strong competition from financial services companies and other companies that offer similar services, which could materially and adversely affect our business

  • 20% rewrittenRisks Related to the Nature and Geographic Area of Our Business

    We have significant exposure to risks associated with commercial real estate lending

All 53 risk factors

Headings as the filing states them, in filing order.

Risks Related to the Nature and Geographic Area of Our Business

  1. 01The majority of our assets are loans, which are subject to credit risks38% rewritten
  2. 02Our allowance for credit losses may not be adequate to cover actual losses70% rewritten
  3. 0311 TriCo Bancshares 2025 10-K100% rewritten
  4. 04Our business may be adversely affected by business conditions in California
  5. 05Severe weather, natural disasters and other external events could adversely affect our business
  6. 06A significant majority of the loans in our portfolio are secured by California real estate and a decline in real estate values could hurt our business
  7. 07We have significant exposure to risks associated with commercial real estate lending20% rewritten
  8. 0812 TriCo Bancshares 2025 10-K100% rewritten
  9. 09We are exposed to the risk of environmental liabilities with respect to properties to which we take title
  10. 10We face strong competition from financial services companies and other companies that offer similar services, which could materially and adversely affect our business24% rewritten
  11. 11Challenges experienced by other financial institutions could negatively impact the broader financial markets and, in turn, indirectly have an adverse effect on our operationsNew
  12. 1213 TriCo Bancshares 2025 10-K100% rewritten
  13. 13We may need to raise additional capital, but it may not be available on acceptable terms or at all
  14. 14Adverse changes in economic or market conditions, including health-related events, may hurt our businesses

Risks Related to Interest Rates

  1. 15Our business is subject to interest rate risk and variations in interest rates may negatively affect our financial performance39% rewritten
  2. 1614 TriCo Bancshares 2025 10-K100% rewritten
  3. 17Reduction in the value, or impairment of our investment securities, can impact our earnings and common shareholders’ equity
  4. 18If we are required to sell securities to meet liquidity needs, we could realize significant losses

Risks Related to Our Growth and Expansion

  1. 19Goodwill resulting from acquisitions may adversely affect our results of operations
  2. 20Potential acquisitions may disrupt our business and dilute shareholder value, we may not be able to successfully consummate or integrate such acquisitions, and we may not realize the anticipated benefits contemplated when pursuing a potential acquisition100% rewritten
  3. 21If we cannot attract deposits, our growth may be inhibited
  4. 22Our growth and expansion may strain our ability to manage our operations and our financial resources
  5. 23We will become subject to increased regulation when we have more than $10 billion in total consolidated assets26% rewritten
  6. 2416 TriCo Bancshares 2025 10-K100% rewritten

Risks Relating to Ownership of Our Common Stock

  1. 25Our ability to pay dividends is subject to legal and regulatory restrictions64% rewritten
  2. 26Provisions of our governing documents and federal law may limit the ability of another party to acquire us, which could cause our stock price to decline
  3. 27Holders of our junior subordinated debentures have rights that are senior to those of our shareholders

Risks Relating to Operations, Technology Systems, Accounting and Internal Controls

  1. 2817 TriCo Bancshares 2025 10-K100% rewritten
  2. 29We experienced a criminal cyberattack in February 2023, which resulted in the temporary interruption of our systems, disclosure of certain confidential information, litigation and governmental inquiries, all of which could damage our reputation or create additional financial and legal exposure80% rewritten
  3. 30We face the risk that failures or breaches, including cyberattacks, of our operational or security systems or of those of our customers or vendors, could disrupt our business, result in the disclosure of confidential information, damage our reputation, and create significant financial and legal exposure71% rewritten
  4. 3118 TriCo Bancshares 2025 10-K100% rewritten
  5. 32Our reliance on third-party vendors exposes us to risks, including additional cybersecurity risks58% rewritten
  6. 3319 TriCo Bancshares 2025 10-K100% rewritten
  7. 34We are subject to certain industry standards regarding our credit/debit card-related services. Failure to meet those standards may significantly impact our ability to offer these servicesNew
  8. 35Our business is highly reliant on technology and our ability and our third-party service providers to manage the operational risks associated with technology
  9. 36Cybersecurity and data privacy are areas of heightened legislative and regulatory focus64% rewritten
  10. 3720 TriCo Bancshares 2025 10-K100% rewritten
  11. 38A failure to implement technological advances could negatively impact our business47% rewritten
  12. 39Our business is susceptible to fraud and conduct risk
  13. 40New lines of business, products or services and technological advancements, like artificial intelligence, may subject us to additional risks
  14. 41technological change affecting the financial services industry could have a material adverse effect on our business, financial condition and results of operationsNew
  15. 42The increased use and capacity of AI, Generative AI, large language models (LLMs), and AI agents by customers, vendors and competitors increases risks to our businessNew
  16. 43We are subject to claims and litigation pertaining to intellectual property
  17. 44Our failure to comply with anti-money laundering and anti-terrorism financing laws could have significant adverse consequences for us
  18. 45We can be negatively affected if we fail to identify and address operational risks associated with the introduction of or changes to products, services and delivery platforms
  19. 46Our business, financial condition and results of operations are subject to risk from changes in customer behavior
  20. 47Our risk management framework may not be effective in identifying and mitigating every risk to us100% rewritten
  21. 48We depend on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects. Furthermore, our business could suffer if we fail to attract and retain skilled people
  22. 49Litigation, regulatory actions and compliance issues could subject us to significant fines, penalties, judgments, remediation costs and/or requirements resulting in increased expenses
  23. 50We are subject to risk from fluctuating conditions in the financial markets and economic and political conditions generally33% rewritten
  24. 5124 TriCo Bancshares 2025 10-K75% rewritten
  25. 52Changes in the Federal, state or local tax laws may negatively impact our financial performance and we are subject to examinations and challenges by tax authorities
  26. 53Climate change could have a material negative impact on us and our clients

Other Trico Bancshares 10-Ks

  • FY2024 10-K risk factors
    51 risks

    The company relies heavily on commercial real estate and loan portfolios concentrated in California. Operations face substantial cybersecurity threats, technological disruption risks, and strict regulatory oversight. Financial results depend strongly on interest rate movements and liquidity management.

    Filed Mar 03, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.