First Hawaiian to acquire TriCo Bancshares in all-stock deal valued at $63.12 a share
FHB•Brand, branches and board changes
The Tri Counties Bank brand is to be retained on the mainland, and no branch closures are expected.
Four TriCo directors, including Rick Smith, are to join the boards.
First Hawaiian flags preliminary Q2 2026 results
First Hawaiian also flagged preliminary Q2 2026 results:
- Net income: $73.4 million
- EPS: $0.60
- Net interest margin: 3.25%
First Hawaiian to acquire TriCo in all-stock deal
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 are to receive 2.095 First Hawaiian shares per TriCo share, valuing TriCo at $63.12 per share based on the July 10 closing price.
Ownership is expected to be roughly for First Hawaiian shareholders and for TriCo shareholders, with closing targeted by the .
