Richard P. Smith has been the CEO of Trico Bancshares (TCBK) since 2013 and has a solid background in finance. He graduated with a Bachelor's degree in finance from California State University, Chico. Under his leadership, Trico Bancshares has seen...

Number of Employees

1.23K

Year

2022

Total Compensation

$2.36M

Salary

$934.62K

Board Justification

TriCo's compensation philosophy is designed to align executive compensation with the company's performance and to attract and retain qualified executives, focusing on both short-term and long-term incentives.

Bonus

$1.37M

Board Justification

Mr. Smith received a bonus of 140% of his base salary based on the company's performance in 2022, which included metrics such as asset growth, loan quality, and net interest income.

Other

$61.81K

Board Justification

Other compensation includes benefits such as a car allowance, life insurance, and contributions to the employee stock ownership plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were included in the total compensation as the focus is on cash compensation and bonuses for 2022.

Performance Metrics

The performance metrics for determining Mr. Smith's compensation included financial performance indicators such as earnings, asset growth, and loan quality.

SEC Filing

From April 14, 2023

Richard P. Smith

CEO of Trico Bancshares

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Education

California State University, Sacramento

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1959 - 66 years ago

Is Founder?

No

Current Tenure

26 years 0 months (Jan 1999 - Present)

Previous Experience

Vice President and Chief Information Officer at Tri Counties Bank