Shareholders of Both Banks Approve $2B First Hawaiian-TriCo Merger
FHB is trading near its 52-week low of $23.26 (10% above the low).
Summary
Both shareholder bases cleared the last major vote on First Hawaiian's all-stock purchase of TriCo Bancshares, removing the biggest remaining hurdle to closing. The deal was quantified in the September 1 S-4 at roughly $2 billion, with 67.1 million First Hawaiian shares issued, and the definitive proxy set today's October 29 votes. Final tallies will land in separate 8-Ks from each company. What's left is customary closing conditions, with both sides still guiding to completion later in 2026. For FHB holders the overhang now shifts from deal risk to integration and dilution execution — the 67.1 million new shares are already in the math.
At the time of this announcement, FHB was trading at $25.63 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $23.26 to $30.58. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.