TriCo Bancshares

First Hawaiian, Inc. and TriCo Bancshares Announce Shareholder Approvals of Acquisition

First Hawaiian and TriCo Bancshares shareholders approved FHB's acquisition of TriCo at respective special meetings, clearing the shareholder vote for the deal. CEO Bob Harrison cited strong stockholder support and said the combination increases capacity to invest in products, services and lending capabilities. The transaction is expected to close later in 2026, subject to remaining customary closing conditions; final voting results will be filed in Form 8-Ks.

•5d ago

TriCo Bancshares Reports Third Quarter 2026 Net Income of $38.0 Million, Diluted EPS of $1.18 and Declares $0.36 Cash Dividend

TriCo Bancshares reported Q3 2026 net income of $38.0 million, or $1.18 per diluted share, up 11.6% and 13.5% respectively from Q3 2025. Net interest margin expanded 5 basis points sequentially to 4.16% while loans grew 5.8% year over year to $7.4 billion, and the company recorded a $1.9 million benefit from credit losses versus a provision in the prior quarter. The board declared a $0.36 quarterly dividend payable November 27, 2026, and CEO Rick Smith emphasized continued focus on customers ahead of the pending merger with First Hawaiian Bank. Quality metrics were broadly stable, with classified loans down to 1.76% of loans and non-performing assets at 0.79% of assets, though book value per share slipped to $41.56 on a $42.6 million AOCI increase.

•12d ago

TriCo Bancshares Announces Quarterly Cash Dividend

TriCo Bancshares declared a quarterly cash dividend of $0.36 per share, payable on September 25, 2026 to shareholders of record as of September 11, 2026. This marks the 148th consecutive quarterly dividend paid by the parent company of Tri Counties Bank, underscoring its long-term financial stability. Headquartered in Chico, California, the bank holds nearly $10 billion in assets and provides consumer and commercial banking services throughout the state.

•2mo ago

TriCo Bancshares Reports Second Quarter 2026 Net Income of $34.2 Million, Diluted EPS of $1.06 Following Merger Announcement

TriCo Bancshares reported Q2 2026 net income of $34.2 million, or $1.06 per diluted share, reflecting a 24.1% increase in net income and a 26.2% rise in EPS compared to the prior year. The quarter was highlighted by robust loan growth of $242.9 million, or 13.7% annualized, alongside a 4 basis point expansion in net interest margin to 4.11%. CEO Rick Smith noted that the strong results validate the merits of the pending merger with First Hawaiian Bank, with management guiding that share repurchases will likely be limited pending the transaction's close.

•3mo ago

First Hawaiian, Inc. to Acquire TriCo Bancshares and Provide Preliminary 2026 Second Quarter Results

First Hawaiian agreed to acquire TriCo Bancshares in an all-stock transaction valued at $63.12 per share, creating a combined institution with approximately $34 billion in assets. Under the terms, TriCo shareholders will receive 2.095 shares of First Hawaiian for each share owned, representing a 35% ownership stake in the pro forma company. Preliminary Q2 results showed net income of $73.4 million, or $0.60 per share, up from $67.8 million in the prior quarter, with net interest margin expanding to 3.25%. The transaction is expected to close by the end of 2026, subject to regulatory and shareholder approvals, expanding First Hawaiian's footprint into California.

•3mo ago

TriCo Bancshares Announces Quarterly Cash Dividend

TriCo Bancshares declared a quarterly cash dividend of $0.36 per share, payable on June 26, 2026 to shareholders of record as of June 5, 2026. This payment represents the 147th consecutive quarterly cash dividend paid by the company. TriCo Bancshares is the parent company of Tri Counties Bank, which holds nearly $10 billion in assets and operates throughout California.

•5mo ago

TriCo Bancshares Reports First Quarter 2026 Net Income of $33.7 Million, Diluted EPS of $1.04

TriCo Bancshares reported Q1 2026 net income of $33.7 million, or $1.04 per diluted share, representing a 27.8% increase from the first quarter of 2025. The company continued its share repurchase program, buying back 447,211 shares at an average price of $48.30 during the quarter, which contributed to EPS growth and an increase in tangible book value per share to $31.82. Management highlighted strong deposit growth and expense discipline, with net interest margin expanding 5 basis points to 4.07% and the efficiency ratio improving to 54.55%.

•6mo ago