TriCo Bancshares to be acquired by First Hawaiian for $63.12/share in all-stock merger

Filed July 13, 2026 · Period ending July 13, 2026 · ~1 min read

Key Changes

• high

  TriCo shareholders to receive 2.095 First Hawaiian shares per TriCo share, valuing the deal at $2.022 billion; pro forma ownership split 65% First Hawaiian, 35% TriCo shareholders

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  Transaction valued at 1.98x tangible book value and 14.4x 2027E EPS; expected to be ~6% EPS accretive in 2027 with $61M in annual cost synergies (25% of TriCo's non-interest expense)

  Exhibit 99.2 view on EDGAR →
• high

  Both boards unanimously approved the agreement; closing expected by end of 2026 pending shareholder votes and regulatory approvals

  Exhibit 99.1 view on EDGAR →