Investor Presentaiton

Most Recent Quarter Highlights Operating Leverage and Profitability Balance Sheet Management Liquidity Net Interest Income and Margin Credit Quality • Pre-tax pre-provision ROAA and ROAE were 2.18% and 19.83%, respectively, for the quarter ended March 31, 2023, and 1.69% and 14.70%, respectively, for the same quarter in the prior year Our efficiency ratio was 50.3% for the quarter ended March 31, 2023, compared to 51.8% and 56.0% for the quarters ended December 31, 2022 and March 31, 2022, respectively Earning asset mix shift and liquidity management have been critical to our revenue generation and navigation of our total asset size which approximates $10 billion Loan to deposit ratio has grown to 80.0% at March 31, 2023 compared to 67.2% a year ago While cash flows generated from investment securities continue to perform as expected, management will remain opportunistic regarding the execution of portfolio sales while placing greater emphasis on the use of short-term borrowing or brokered deposits to support funding needs Unrealized losses on HTM investment securities, and not recognized in equity through AOCI, represent less than 1% of total shareholders' equity Readily available and unused funding sources, which total approximately $4.4 billion and represent 55% of total deposits and 191% of total estimated uninsured deposits. No reliance on brokered deposits or FRB borrowing facilities during the quarter Net interest margin (FTE) of 4.21%, compared to 4.34% in the prior quarter, and 3.39% in March 31, 2022, was influenced by the rising rate environment, deposit pricing strategies, and increased borrowings The loan portfolio yields increased 11 basis points to 5.21% during the quarter Yield on earning assets (FTE) of 4.64% in the quarter, an increase of 12 basis points from 4.52% in the trailing quarter, partially offset increased funding costs in both deposits and borrowings The allowance for credit losses to total loans was 1.69% as of March 31, 2023, compared to 1.64% as of December 31, 2022, and 1.64% as of March 31, 2022 Classified loans to total loans was 1.00% at March 31, 2023 as compared to 1.11% December 31, 2022 Loans past due 30+ days to total loans was 0.12% at quarter end Diverse Deposit Base Non-interest-bearing deposits comprise 40.3% of total deposits Deposit betas remain low with a cycle-to-date deposit beta of 4.42% Capital Strategies Quarterly dividend of $0.30 or $1.20 annually Approximately 1.2 million shares remain as being authorized for repurchase Tangible capital ratio of 8.1% at March 31, 2023, an increase from 7.6% in the trailing quarter Strength in core earnings is key to self-financed and self-funded growth 5 Investor Presentation | First Quarter 2023 trico bancshares

View entire presentation