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TriCo expects 33-cent hit to Q4 EPS from DTA revaluation

Chico, Calif.-based TriCo Bancshares projects an approximately $7.7 million reduction to its deferred tax asset value, due to the new corporate tax rate.

The decrease is expected to cause a 33-cent negative impact to fourth-quarter EPS and a 34-cent hit to tangible book value per share. No future cash expenditures due to the DTA revaluation are anticipated.