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

First Hawaiian, Inc. (FHB) agreed to acquire TriCo Bancshares (TCBK) in an all-stock deal valued at $63.12 per TriCo share, based on FHB’s closing price on July 10. The transaction implies a meaningful acquisition premium and could be a positive catalyst for both banks’ shareholder outcomes if integration proceeds smoothly.

Analysis

First Hawaiian, Inc. (FHB) agreed to acquire TriCo Bancshares (TCBK) in an all-stock deal valued at $63.12 per TriCo share, based on FHB’s closing price on July 10. The transaction implies a meaningful acquisition premium and could be a positive catalyst for both banks’ shareholder outcomes if integration proceeds smoothly.