M&A
confidence high
sentiment positive
materiality 0.90
First Hawaiian to acquire TriCo Bancshares in all-stock deal valued at $63.12/share
TRICO BANCSHARES /
- TriCo shareholders receive 2.095 FHB shares per TCBK share, valued at $63.12 based on FHB's July 10 close.
- Combined company to have ~$34B in assets, becoming 6th largest bank headquartered in Western U.S.
- First Hawaiian and TriCo shareholders to own ~65% and 35% of combined company; four TriCo directors to join board.
- Transaction expected to close by end of 2026, subject to regulatory and shareholder approvals; no branch closings planned.
- First Hawaiian reports preliminary Q2 2026 net income of $73.4M, diluted EPS $0.60, NIM 3.25%.