SCHEDULE: Franklin Mutual Advisers Discloses 4.97% Stake in TriCo Bancshares

Franklin Mutual Advisers, LLC has disclosed a 4.97% beneficial ownership stake in TriCo Bancshares common stock as of December 31, 2025.

Summary

• Franklin Mutual Advisers, LLC (FMA) reported beneficial ownership of 1,616,458 shares of TriCo Bancshares common stock.
• This ownership represents 4.97% of the class of securities.
• FMA holds sole voting power over 1,528,122 shares and sole dispositive power over 1,616,458 shares.
• The filing is a Schedule 13G, Amendment No. 1, indicating a passive investment intent.
• FMA certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of TriCo Bancshares.
• FMA disclaims any pecuniary interest in the reported securities and denies being a 'group' with Franklin Resources, Inc. (FRI) affiliates or Principal Shareholders.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of passive beneficial ownership by an institutional investor and does not contain new financial or operational information about the issuer.

Positives

• The disclosure of a significant institutional investor like Franklin Mutual Advisers holding a stake can be viewed as a vote of confidence in TriCo Bancshares.

Risks

• Franklin Mutual Advisers, LLC disclaims beneficial ownership as defined in Rule 13d-3 and states it is not a 'group' with FRI affiliates or Principal Shareholders, which could be a point of clarification in complex ownership structures.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding TriCo Bancshares' future performance or outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

StockSavvy.ai notes that institutional ownership disclosures, such as this Schedule 13G, provide transparency into significant holdings by investment managers. While this filing indicates a passive stake below the 5% threshold for a more active 13D filing, it still reflects an institutional investor's position in the regional banking sector, which is often subject to specific economic and regulatory trends.

Stakeholder Impact

• Shareholders may view the continued institutional ownership by Franklin Mutual Advisers as a positive signal, potentially indicating confidence in the company's long-term prospects.

Key Dates

Keywords

TriCo Bancshares, Franklin Mutual Advisers, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, TRIC