Recent Updates — TCBK
TriCo Bancshares declared a quarterly cash dividend of $0.36 per share on its common stock. The payment is scheduled for September 25, 2026, to shareholders of record as of September 11, 2026. This marks the company's 148th consecutive quarterly distribution. TriCo Bancshares operates in the financial services industry as the parent company of Tri Counties Bank.
TriCo Bancshares reported second quarter 2026 net income of $34.2 million, or $1.06 per diluted share, representing a 24.1% increase from $33.7 million in the second quarter of 2025. Net interest income (FTE) rose 2.6% to $93.9 million, with a net interest margin (FTE) of 4.11%. Total loans reached $7.3 billion, up 5.1% year-over-year. The company paused share repurchases during the quarter due to ongoing merger discussions with First Hawaiian Bank. The allowance for credit losses was $131.4 million, or 1.78% of total loans. TriCo Bancshares is a financial services company providing banking and lending services.
TriCo Bancshares entered into a merger agreement with First Hawaiian, Inc. to be acquired in a two-step merger process where TriCo will survive as a subsidiary of FHI. TriCo common stock will be converted into 2.095 shares of FHI common stock per share at an exchange ratio of 0.095. The transaction includes an $80,000,000 termination fee and a $2,500,000 transaction bonus for CEO Richard P. Smith. TriCo Bancshares is a financial services company providing banking services.