TriCo Bancshares stock heads toward a pivotal merger vote

Published on 10/07/2026 at 00:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TriCo Bancshares stock was last at USD 52.44 on October 6, 2026, while merger terms set 2.095 First Hawaiian shares per TriCo share. Second-quarter EPS beat consensus.

TCBK, US8960951064, Illustration mit AI erstellt.

TriCo Bancshares stock (ISIN US8960951064) was last at USD 52.44 on Nasdaq on October 6, 2026, up 0.33 percent from the prior close. The proposed First Hawaiian transaction now gives shareholders a defined exchange ratio and a scheduled vote, making deal execution the central issue for TCBK.

Merger terms set the framework

According to StockTitan, the September 16, 2026 merger prospectus states that TriCo shareholders will receive 2.095 First Hawaiian shares for each TriCo share. The filing valued that consideration at USD 63.12 per TriCo share using First Hawaiian's July 10 closing price, while a September 15 reference price implied USD 54.16.

The proposed combination would create a banking group with USD 34.0 billion in assets and USD 29.0 billion in deposits. Existing First Hawaiian shareholders are expected to own 65 percent of the combined company, leaving former TriCo shareholders with 35 percent.

Profit growth supports the case

TriCo's second-quarter 2026 diluted EPS was USD 1.06, up from the USD 1.03 consensus estimate, according to MarketBeat. Net income reached USD 34.169 million for the quarter, compared with USD 33.685 million in the first quarter, while total assets stood at USD 9.931 billion on June 30, 2026.

That operating backdrop matters because the merger value moves with First Hawaiian's share price rather than remaining fixed in cash. The prospectus also says TriCo would cease to be publicly traded after completion, subject to shareholder and regulatory approvals.

Analysts see value above Nasdaq quote

The consensus listed by MarketScreener on September 18, 2026 was Hold among 6 analysts, with an average target of USD 62.81. The target is 19.8 percent above the October 6 price of USD 52.44, although the merger structure means the eventual value depends on First Hawaiian's stock performance.

A separate counter-factor is the transaction review disclosed by Business Wire on September 24, 2026. Kahn Swick and Foti said it was examining whether the consideration and the sale process adequately value TriCo.

Stock trades below yearly high

TriCo Bancshares stock was last at USD 52.44 on Nasdaq on October 6, 2026, versus a 52-week range of USD 40.44 to USD 61.71. Its market capitalization was USD 1.7 billion on the same date, placing the quote 15.0 percent below the yearly high.