Recent Updates — FHB

First Hawaiian, Inc. stockholders approved the issuance of its common stock as merger consideration in the proposed acquisition of TriCo Bancshares at a special meeting on October 29, 2026. The proposal received approximately 95.9 million votes in favor against roughly 118,700 opposed, representing about 79% of outstanding shares. This shareholder approval is a key condition for the transaction to proceed, which remains subject to customary closing conditions and regulatory approvals. First Hawaiian expects the merger to close later in 2026. First Hawaiian, Inc. operates as a bank holding company providing banking services through its subsidiary, First Hawaiian Bank.

First Hawaiian reported net income of $63.7 million, or $0.52 per diluted share, for the quarter ended September 30, 2026. Net interest margin expanded 5 basis points to 3.30%, while total deposits rose $50.4 million to $20.2 billion. The company recorded a $20.3 million provision for credit losses and incurred $6.7 million in merger-related costs associated with the planned Tri Counties Bank acquisition. Additionally, the Board declared a quarterly cash dividend of $0.26 per share, payable on November 27 to holders of record as of November 16. First Hawaiian is Hawaii’s largest bank holding company providing consumer and commercial banking services.

First Hawaiian, Inc. reported second quarter 2026 financial results, including a net income of $73.4 million, or $0.60 per diluted share. The company's net interest margin was 3.25%, an increase of 6 basis points from the prior quarter. The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on August 28, 2026, to stockholders of record as of August 17, 2026. First Hawaiian, Inc. is a bank holding company providing a comprehensive suite of banking services to consumer and commercial customers in Hawaii, Guam, and Saipan.

On July 12, 2026, First Hawaiian, Inc. (FHI) entered into a Merger Agreement to acquire TriCo Bancshares. Under the terms, TriCo shareholders will receive 2.095 shares of FHI common stock for each share of TriCo common stock. The transaction involves a multi-step merger where TriCo will merge into FHI, and Tri Counties Bank will merge into First Hawaiian Bank. The agreement includes a $80 million termination fee payable by either party under certain conditions. Closing is subject to regulatory approvals and stockholder approval from both companies. Four TriCo directors will join FHI's board upon completion. First Hawaiian, Inc. operates in the banking industry and provides financial services.

On July 12, 2026, First Hawaiian, Inc. (FHI) entered into a Merger Agreement with TriCo Bancshares. The transaction involves a multi-step merger where a subsidiary of FHI will merge into TriCo, followed by the merger of the surviving entity into FHI. Additionally, Tri Counties Bank will merge into First Hawaiian Bank. FHI also announced preliminary second quarter 2026 financial results on July 13, 2026, with final earnings expected on July 24, 2026. The company operates in the banking industry, providing financial services.