| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 231.27 | 5.0% | 6.3% |
| Total Income | 231.27 | 5.0% | 6.3% |
| Expenditure | 136.05 | 2.4% | 5.1% |
| PBT | 95.23 | 8.9% | 8.1% |
| Net Profit | 73.38 | 8.3% | 0.2% |
| OPM | — | ||
| NPM | 31.73% | 0.96pp | 1.94pp |
| EPS | 0.60 | 9.1% | 3.5% |
First Hawaiian Announces Preliminary Q2 2026 Results and Merger with TriCo Bancshares
13 Jul 2026 · 13 Jul, 4:52 pm
Summary
First Hawaiian, Inc. announced preliminary financial results for the second quarter ended June 30, 2026, alongside a definitive agreement to acquire TriCo Bancshares. The company anticipates reporting net income of $73.4 million and diluted EPS of $0.60 for the quarter. Key financial improvements include an expanded net interest margin to 3.25% and an improved return on average assets of 1.23%. The acquisition of TriCo is expected to create the leading Pacific banking franchise, accelerating mainland growth and delivering shareholder value.
Key Highlights
- 1
First Hawaiian, Inc. announced preliminary second quarter financial results for the quarter ended June 30, 2026.
- 2
The company expects to report net income of $73.4 million and diluted EPS of $0.60 for Q2 2026.
- 3
Cost of deposits improved to 1.20% in Q2 2026 from 1.22% in the prior quarter.
- 4
Net interest margin expanded by 6 basis points quarter-over-quarter to 3.25%.
- 5
Return on average assets improved to 1.23% in Q2 2026, up 9 basis points from 1.14% in the prior quarter.
- 6
Gross loans increased to $14.6 billion in Q2 2026, compared to $14.4 billion in the prior quarter.
- 7
Book value per share increased to $23.22 in Q2 2026, up from $22.75 in the prior quarter.
Management Comments
Bob Harrison
This partnership creates a broader platform for long-term growth. TriCo is an ideal partner to execute this next phase of our growth: a well-managed, relationship-focused bank in California with a strong deposit franchise, disciplined credit culture, experienced local leadership and deep commitment to its communities. Together, we will preserve what has made both companies successful while creating a stronger and more diversified bank. I could not be more excited to partner with TriCo.
Rick Smith
TriCo has built its franchise around long-term customer relationships, local decision-making and a commitment to the communities we serve. First Hawaiian shares those values and brings the scale, capital strength and broader product capabilities to help us do even more for our customers and communities. We are excited for our employees and shareholders to participate in the future of the combined company, and we look forward to working closely with Bob and the First Hawaiian team.
Informational and educational content only. Not investment advice.