TriCo Bancshares agrees to merge with First Hawaiian in all-stock deal at 2.095-share exchange ratio

• TriCo Bancshares agreed on July 12, 2026, to be acquired by First Hawaiian through a two-step merger structure.
• TriCo shareholders will receive 2.095 shares of First Hawaiian common stock per TriCo share, with cash paid for fractional shares.
• Tri Counties Bank is slated to merge into First Hawaiian Bank following the parent-level mergers.
• TriCo equity awards will be converted into First Hawaiian stock awards, with certain older performance-based RSUs vesting based on prorated actual results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TriCo Bancshares published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-083891), on July 15, 2026, and is solely responsible for the information contained therein.