First Hawaiian To Acquire TriCo Bancshares In All-Stock Deal; Posts Preliminary Q2

India, July 13 -- First Hawaiian, Inc. (FHB) said Monday it agreed to acquire TriCo Bancshares (TCBK) in an all-stock transaction valued at $63.12 per TriCo share, based on First Hawaiian's closing stock price on July 10.

The transaction is expected to close by the end of 2026.

Under the agreement, TriCo shareholders will receive 2.095 First Hawaiian shares for each TriCo share.

Upon closing, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively of the combined company.

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The combined company will have approximately $34 billion in assets, making it the sixth-largest bank headquartered in the Western U.S.

The c...