First Hawaiian agrees to buy TriCo Bancshares in stock deal with 2.095 exchange ratio

• First Hawaiian entered a two-step merger deal with TriCo Bancshares on July 12, 2026, combining the parent companies and then merging their bank subsidiaries.
• TriCo shareholders will receive 2.095 shares of First Hawaiian common stock per TriCo share, with cash paid in lieu of fractional shares.
• TriCo equity awards will be converted into First Hawaiian stock-based awards or vested shares, with performance awards generally reset to target and adjusted for the exchange ratio.

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. First Hawaiian Inc. 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: 0001104659-26-083898), on July 15, 2026, and is solely responsible for the information contained therein.