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%.
Key figures
- Eps
- 0.6
- Guidance
- Transaction expected to close by end of 2026
- Net Income
- 73400000
- Roa
- 1.23%
- Gross loans
- $14.6 billion
- Exchange ratio
- 2.095
- Combined assets
- $34 billion
- Net interest margin
- 3.25%
- Book value per share
- $23.22
- Deal value per share
- $63.12
AI analysis
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