First Hawaiian to acquire TriCo Bancshares in all-stock deal; Q2 profit rises
On July 12, 2026, First Hawaiian agreed to acquire TriCo Bancshares in an all-stock transaction, with TriCo shareholders receiving 2.095 First Hawaiian shares per TriCo share, valued at $63.12 per share at the July 10 closing price. The companies expect the deal to close by the end of 2026, subject to regulatory and shareholder approvals. First Hawaiian also disclosed preliminary second-quarter net income of $73.4 million and diluted EPS of $0.60, up from $67.8 million and $0.55 in the prior quarter, though these figures may change after the closing procedures and audit review.
Key points
- Merger Agreement signed July 12, 2026; TriCo shareholders to receive 2.095 First Hawaiian shares per TriCo share, valued at $63.12 per share as of July 10, 2026.
- Upon closing, First Hawaiian and TriCo shareholders are expected to own about 65% and 35% of the combined company; the combined company will have about $34 billion in assets.
- Preliminary Q2 2026 net income of $73.4 million and diluted EPS of $0.60, compared with $67.8 million and $0.55 in the prior quarter.
- Closing expected by end of 2026; final second-quarter results to be released July 24, 2026.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.