First Hawaiian to acquire TriCo Bancshares in all-stock deal valued at $63.12 a share

First Hawaiian, Inc.
TriCo Bancshares

First Hawaiian, Inc.

FHB

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TriCo Bancshares

TCBK

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  • First Hawaiian will acquire TriCo Bancshares in an all-stock deal, expanding its mainland footprint and creating a combined bank with about $34 billion of assets.
  • TriCo shareholders to receive 2.095 First Hawaiian shares per TriCo share, valuing TriCo at $63.12 per share based on July 10 closing price.
  • Ownership expected at roughly 65% for First Hawaiian shareholders, 35% for TriCo shareholders; closing targeted by end-2026.
  • Tri Counties Bank brand to be retained on the mainland; no branch closures expected; four TriCo directors, including Rick Smith, to join the boards.
  • First Hawaiian also flagged preliminary Q2 2026 results: net income $73.4 million, EPS $0.60, net interest margin 3.25%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Hawaiian Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607130700PRIMZONEFULLFEED9760894) on July 13, 2026, and is solely responsible for the information contained therein.

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