FHB 424B3: Acquisition

Filed with the SEC on · accession 0001104659-26-108264

FHB filed a 424B3 (prospectus (offering)) with the SEC on Sep 16, 2026. First Hawaiian, Inc. is acquiring TriCo Bancshares in a stock-for-stock merger valued at approximately $2.0 billion. The stock moved -0.9% by the first close after the filing.

Summary of the filing

First Hawaiian, Inc. is acquiring TriCo Bancshares in a stock-for-stock merger valued at approximately $2.0 billion. TriCo shareholders will receive 2.095 shares of First Hawaiian common stock for each TriCo share, and the combined company will have about $34 billion in total assets.

Key details

Total transaction value$2.0B
Combined total assets post-merger$34.0B
Combined total deposits post-merger$29.0B
Exchange ratio (First Hawaiian shares per TriCo share)$2
Implied value per TriCo share (based on July 10, 2026 closing price)$63
Implied value per TriCo share (based on September 15, 2026 closing price)$54
First Hawaiian shares to be issued to TriCo shareholders$67.1M
AcquirerFirst Hawaiian, Inc.
TargetTriCo Bancshares
Merger subsidiary of first hawaiianHorizon Merger Sub, Inc.
Chairman, president and ceo of first hawaiian, inc.Robert S. Harrison
Chairman, president and ceo of trico bancsharesRichard P. Smith

How FHB stock reacted

Close before

$25.85

Sep 15, 2026

First close after

-0.93%

$25.61

5 trading days

-2.59%

$25.18

Since filing

-4.56%

$24.67

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Frequently asked questions

What did FHB file with the SEC on Sep 16, 2026?

FHB filed a 424B3 (Acquisition). First Hawaiian, Inc. is acquiring TriCo Bancshares in a stock-for-stock merger valued at approximately $2.0 billion. TriCo shareholders will receive 2.095 shares of First Hawaiian common stock for each TriCo share, and the combined company will have about $34 billion in total assets.

What does a acquisition mean for FHB stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did FHB stock react to this filing?

FHB closed at $25.85 before the filing and $25.61 on Sep 16, 2026 (-0.93%). Five trading days later: $25.18 (-2.59%).

Other FHB SEC filings

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