BofA Adjusts Price Target on First Hawaiian to $32 From $33
Bank of America has revised its price target for First Hawaiian, Inc. (FHB) from $33 to $32.
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Filed: 2026-10-30 AccNo: 0001104659-26-120694 Size: 236 KB Item 5.07: Submission of Matters to a Vote of Security Holders Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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Bank of America has revised its price target for First Hawaiian, Inc. (FHB) from $33 to $32.
First Hawaiian, Inc. and TriCo Bancshares have both received the necessary shareholder approvals to proceed with their planned acquisition.
First Hawaiian, Inc. and TriCo Bancshares announced they have received all required stockholder approvals for First Hawaiian's acquisition of TriCo. The transaction is expected to close later in 2026, subject to remaining customary closing conditions. The combination aims to create a leading regional bank with enhanced capacity for products, services, and lending capabilities across Hawaii, California, Guam, and Saipan.
First Hawaiian reduced its full-year loan growth guidance to 1-2% due to unexpected commercial real estate payoffs, but the bank benefits from dominant market share in Hawaii providing deposit stability. The pending TriCo Bancshares acquisition expands into Northern California while maintaining conservative credit standards. Net interest margin expanded 5 basis points to 3.30% in Q3, supported by low-cost island deposits.
First Hawaiian missed Q3 EPS estimates but beat sales. Shares rose 0.8%; analysts kept Neutral ratings with mixed price-target revisions.