TRICO BANCSHARES /

TriCo Bancshares announced it will merge with First Hawaiian, Inc. in an all-stock transaction, creating a leading Pacific banking franchise with approximately $34 billion in assets. TriCo shareholders will receive 2.095 First Hawaiian shares for each TriCo share, valued at $63.12. The combined entity will be the 6th largest bank headquartered in the Western U.S. by deposits, with the transaction expected to close by the end of 2026. Additionally, First Hawaiian provided preliminary Q2 2026 results, reporting net income of $73.4 million and diluted EPS of $0.60, alongside an expanded net interest margin and increased gross loans.

TriCo Bancshares' shareholders approved an amendment to the Company's bylaws to eliminate cumulative voting at its 2026 annual meeting. Following this approval, the Board adopted amended and restated bylaws that also allow for the appointment of Lead Directors and clarify indemnity provisions. Additionally, shareholders approved executive compensation and ratified the appointment of Baker Tilly US, LLP as the independent public accountants for 2026.

TriCo Bancshares announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share on its common stock. The dividend is scheduled to be paid on June 26, 2026, to shareholders of record as of June 5, 2026. This declaration represents the company's 147th consecutive quarterly cash dividend.

TriCo Bancshares reported a strong first quarter for 2026, with net income increasing to $33.69 million, up from $26.36 million in the prior year. Basic earnings per share also saw a significant rise to $1.05. The company experienced growth in net interest income and total deposits, while also increasing its common stock repurchases and dividends per share.

TriCo Bancshares reported strong first-quarter 2026 results with net income reaching $33.7 million, a 27.8% increase year-over-year, and diluted EPS of $1.04. The company saw robust deposit growth and an improved net interest margin, alongside continued expense discipline. While loan balances decreased sequentially, management highlighted effective operations and capital deployment through share repurchases.