TRICO BANCSHARES / — Form 8-K
Filed July 13, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
First Hawaiian, Inc. (FHB) agreed to acquire TriCo Bancshares (TCBK) for $63.12/share ($2,022mm aggregate value) in an all-stock transaction at a fixed ratio of 2.095 FHB shares per TCBK share. The combined entity will have ~$34bn in assets, making it the 6th largest bank headquartered in the Western U.S., with pro forma ownership of ~65% FHB shareholders and ~35% TCBK shareholders. The deal is expected to close by end of 2026, subject to regulatory and shareholder approvals.
Why this rating
Material M&A representing ~145% of TCBK's market cap (~$1.4B); ~6% 2027E EPS accretion, high-teens IRR, $61mm cost synergies identified. Strategically significant expansion into California with 117-branch pro forma footprint. Meaningful but manageable: 4.7% TBVPS dilution with 2.8-year earnback.
See more from July 13, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.