First Hawaiian to Buy TriCo Bancshares in $2 Billion Stock Deal, Building Pacific Bank Giant

First Hawaiian NASDAQ: FHB and TriCo Bancshares agreed to combine in a 100% stock transaction valued at approximately $2 billion. The deal structure implies a meaningful capital/ownership reset for both banks, and investor reaction is likely to depend on merger terms and projected synergies.

Analysis

First Hawaiian NASDAQ: FHB and TriCo Bancshares agreed to combine in a 100% stock transaction valued at approximately $2 billion. The deal structure implies a meaningful capital/ownership reset for both banks, and investor reaction is likely to depend on merger terms and projected synergies.