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Mechanics Bancorp (MCHB) Financials

Mechanics Bancorp logo
$14.40 +0.02 (+0.14%)
Closing price 11/13/2026 04:00 PM Eastern
Extended Trading
$15.31 +0.91 (+6.31%)
As of 11/13/2026 07:47 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Mechanics Bancorp

Annual Income Statements for Mechanics Bancorp

This table shows Mechanics Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 41 58 69 40 18 80 115 67 -28 29 266
Consolidated Net Income / (Loss)		 41 58 69 40 18 80 115 67 -28 29 266
Net Income / (Loss) Continuing Operations		 41 58 43 26 41 80 115 67 -28 29 266
Total Pre-Tax Income 		57 91 26 28 49 102 147 85 -33 36 320
Total Revenue		 430 539 217 226 264 358 347 285 209 380 809
Net Interest Income / (Expense)		 148 180 175 190 189 209 227 233 167 519 586
Total Interest Income		 165 210 212 251 278 252 244 304 400 736 812
Loans and Leases Interest Income		 153 191 190 228 256 229 222 267 341 529 572
Investment Securities Interest Income		 12 18 22 23 21 22 22 34 50 132 179
Other Interest Income		 0.90 0.48 0.22 0.47 1.03 1.23 0.57 3.62 8.87 75 60
Total Interest Expense		 17 29 38 61 88 43 17 71 233 217 226
Deposits Interest Expense		 - - 24 42 70 34 11 32 138 189 220
Long-Term Debt Interest Expense		 1.10 4.04 6.07 20 18 9.55 5.83 39 95 26 0.12
Federal Funds Purchased and Securities Sold Interest Expense		 0.01 0.00 0.01 - - - - - - 0.86 6.30
Total Non-Interest Income		 281 359 43 37 74 149 120 52 42 -139 223
Service Charges on Deposit Accounts		 - 33 3.33 4.82 9.79 9.49 7.23 12 13 0.97 2.90
Other Service Charges		 33 14 19 20 21 17 20 21 20 65 65
Net Realized & Unrealized Capital Gains on Investments		 248 312 21 12 44 123 92 18 9.35 -207 150
Other Non-Interest Income		 - - - - - - - - - 2.60 4.85
Provision for Credit Losses		 6.10 4.10 0.75 3.00 -0.50 20 -15 -5.20 -0.44 -1.51 20
Total Non-Interest Expense		 367 444 191 195 216 236 215 205 242 346 470
Salaries and Employee Benefits		 241 303 102 107 124 137 132 116 111 191 219
Net Occupancy & Equipment Expense		 54 64 43 54 59 65 52 55 52 65 79
Marketing Expense		 - - - - - - - - - 3.27 3.13
Property & Liability Insurance Claims		 5.38 5.28 4.30 - - - - - - 15 9.00
Other Operating Expenses		 65 70 40 34 33 34 32 35 39 59 69
Amortization Expense		 1.92 2.17 1.71 - - - - - - 13 17
Restructuring Charge		 - - - - - - - - - 0.00 73
Income Tax Expense		 16 33 -17 2.03 7.99 22 31 18 -5.25 6.70 54
Basic Earnings per Share		 $1.98 $2.36 $2.57 $1.48 $0.66 $3.50 $5.53 $3.51 ($1.46) $0.14 $1.27
Weighted Average Basic Shares Outstanding		 20.82M 24.62M 26.86M 26.97M 25.57M 22.87M 20.89M 18.93M 18.78M 201.99M 208.63M
Diluted Earnings per Share		 $1.96 $2.34 $2.54 $1.47 $0.65 $3.47 $5.46 $3.49 ($1.46) $0.14 $1.27
Weighted Average Diluted Shares Outstanding		 21.06M 24.84M 27.09M 27.17M 25.77M 23.08M 21.14M 19.04M 18.78M 202.05M 208.73M
Weighted Average Basic & Diluted Shares Outstanding		 20.90M 24.60M 26.80M 27M 23.69M 21.51M 19.32M 18.76M 18.86M 18.92M 221.39M

Quarterly Income Statements for Mechanics Bancorp

This table shows Mechanics Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.50 -6.24 40 -123 44 42 70 219 44 58 49
Consolidated Net Income / (Loss)		 -7.50 -6.24 40 -123 44 42 68 219 44 58 46
Net Income / (Loss) Continuing Operations		 -7.50 -6.24 40 -123 44 42 70 219 44 58 49
Total Pre-Tax Income 		-11 -8.00 55 -92 61 59 64 284 62 79 62
Total Revenue		 42 43 148 -49 143 150 256 459 200 201 164
Net Interest Income / (Expense)		 32 30 131 30 128 130 144 373 179 177 175
Total Interest Income		 103 101 192 99 174 178 203 438 242 238 239
Loans and Leases Interest Income		 86 87 131 86 118 120 140 285 181 178 175
Investment Securities Interest Income		 11 10 37 9.07 48 42 40 122 53 53 58
Other Interest Income		 5.57 3.64 24 4.05 8.21 16 23 31 7.67 6.71 5.29
Total Interest Expense		 70 71 61 69 45 48 59 65 63 61 64
Deposits Interest Expense		 43 44 52 44 45 48 57 89 58 57 60
Long-Term Debt Interest Expense		 28 28 8.61 25 0.00 0.00 0.12 -29 0.23 1.06 0.48
Federal Funds Purchased and Securities Sold Interest Expense		 - - 0.13 - 0.00 0.00 1.60 - 4.34 3.17 3.29
Total Non-Interest Income		 9.45 13 17 -78 15 20 112 86 21 24 -13
Service Charges on Deposit Accounts		 3.03 3.41 - 3.00 - 0.17 0.68 - - 1.58 1.66
Other Service Charges		 4.12 6.78 16 3.87 14 15 18 40 20 21 25
Net Realized & Unrealized Capital Gains on Investments		 2.31 3.04 0.00 -85 0.00 4.14 91 53 0.05 0.03 -39
Other Non-Interest Income		 - - 1.01 - 0.53 0.50 2.12 - 1.17 1.33 1.72
Provision for Credit Losses		 0.00 0.00 6.74 - -3.66 -0.37 27 -35 7.77 -2.77 -15
Total Non-Interest Expense		 52 51 86 44 86 91 163 209 130 124 114
Salaries and Employee Benefits		 28 28 47 25 49 48 54 113 69 63 60
Net Occupancy & Equipment Expense		 13 13 16 13 15 17 20 34 26 23 24
Marketing Expense		 - - 0.96 - 0.58 0.74 0.68 - 0.91 0.70 0.80
Property & Liability Insurance Claims		 - - 2.92 - 2.21 2.21 2.72 - 2.99 2.99 2.93
Other Operating Expenses		 11 11 15 5.53 16 15 17 32 20 22 19
Amortization Expense		 - - 3.30 - 2.74 2.67 4.25 - 7.22 7.21 6.97
Restructuring Charge		 - - 0.00 - 0.35 5.64 64 - 4.79 5.92 0.56
Income Tax Expense		 -3.06 -1.77 16 31 18 17 -4.44 65 18 22 16
Basic Earnings per Share		 ($0.40) ($0.33) $0.20 ($6.53) $0.22 $0.21 $0.33 $1.48 $0.20 $0.26 $0.21
Weighted Average Basic Shares Outstanding		 18.86M 18.86M 202.00M 18.86M 202.00M 202.01M 208.30M 208.63M 222.16M 222.26M 222.30M
Diluted Earnings per Share		 ($0.40) ($0.33) $0.20 ($6.53) $0.22 $0.21 $0.33 $1.48 $0.20 $0.26 $0.21
Weighted Average Diluted Shares Outstanding		 18.86M 18.86M 202.09M 18.86M 202.06M 202.07M 208.37M 208.73M 222.32M 222.45M 222.62M
Weighted Average Basic & Diluted Shares Outstanding		 18.86M 18.86M 18.86M 18.92M 18.92M 18.92M 221.21M 221.39M 221.40M 221.43M 221.47M

Annual Cash Flow Statements for Mechanics Bancorp

This table details how cash moves in and out of Mechanics Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2.18 21 18 -15 -0.71 0.17 7.17 7.61 143 -458 30
Net Cash From Operating Activities		 8.31 -45 159 286 259 -26 173 218 8.02 292 194
Net Cash From Continuing Operating Activities		 8.31 -45 159 286 259 -26 173 218 8.02 292 194
Net Income / (Loss) Continuing Operations		 41 58 69 40 18 80 115 67 -28 29 266
Consolidated Net Income / (Loss)		 41 58 69 40 18 80 115 67 -28 29 266
Provision For Loan Losses		 6.28 5.87 0.37 3.00 -0.50 20 -15 -5.20 -0.44 -1.56 21
Depreciation Expense		 15 16 23 13 11 9.44 9.91 9.71 7.15 9.38 11
Amortization Expense		 - - - 12 16 15 3.22 7.10 5.33 35 14
Non-Cash Adjustments to Reconcile Net Income		 -78 130 360 279 263 -82 56 129 49 219 -101
Changes in Operating Assets and Liabilities, net		 24 -254 -292 -61 -48 -69 3.95 11 -25 1.24 -16
Net Cash From Investing Activities		 -418 -819 -556 -564 107 -233 -126 -2,654 484 476 1,546
Net Cash From Continuing Investing Activities		 -418 -819 -556 -564 107 -233 -126 -2,654 484 476 1,546
Purchase of Property, Leasehold Improvements and Equipment		 -21 -25 -42 -9.72 -2.26 -3.30 -2.94 -6.79 -3.81 -6.37 -6.51
Purchase of Investment Securities		 -724 -1,354 -1,367 -370 -516 -1,227 -963 -2,886 -263 -1,601 -179
Sale of Property, Leasehold Improvements and Equipment		 0.00 1.15 0.00 0.81 0.00 1.46 - - - 2.62 0.89
Sale and/or Maturity of Investments		 326 559 853 948 1,266 994 840 239 423 2,081 1,730
Net Cash From Financing Activities		 412 885 414 263 -367 258 -40 2,443 -349 -1,226 -1,709
Net Cash From Continuing Financing Activities		 412 885 414 263 -367 258 -40 2,443 -349 -1,226 -1,709
Net Change in Deposits		 112 919 310 290 214 481 348 1,473 -1,065 -356 -660
Repayment of Debt		 -10,264 -14,899 -10,861 -32 -58 -8.29 -51 -0.59 -535 -25 -1,000
Payment of Dividends		 - - - 0.00 0.00 -14 -21 -27 -12 -95 -49
Other Financing Activities, Net		 -209 -279 -194 - - - - - - -750 0.00
Cash Interest Paid		 17 29 43 68 93 44 17 66 217 217 221
Cash Income Taxes Paid		 11 14 -22 -5.79 34 21 34 5.20 -5.29 3.56 31

Quarterly Cash Flow Statements for Mechanics Bancorp

This table details how cash moves in and out of Mechanics Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 105 -102 -282 201 -201 -51 648 -413 -546 70 49
Net Cash From Operating Activities		 -7.85 -22 247 1.12 -1.44 -9.79 112 114 11 53 29
Net Cash From Continuing Operating Activities		 -7.85 -22 247 1.12 -1.44 -9.79 112 114 11 53 29
Net Income / (Loss) Continuing Operations		 -7.50 -6.24 -8.93 -123 44 -4.41 150 124 44 58 46
Consolidated Net Income / (Loss)		 -7.50 -6.24 -8.93 -123 44 -4.41 150 124 44 58 46
Provision For Loan Losses		 0.00 - 2.68 0.18 -3.66 6.00 36 -22 7.77 -2.77 -15
Depreciation Expense		 1.66 1.68 3.72 1.55 2.35 1.49 4.11 3.51 3.38 3.37 3.33
Amortization Expense		 1.78 1.67 27 2.10 6.56 1.58 14 -2.62 -1.99 -4.83 -6.41
Non-Cash Adjustments to Reconcile Net Income		 -3.27 -5.48 224 111 12 -15 -84 10 9.57 -27 45
Changes in Operating Assets and Liabilities, net		 -0.52 -13 -1.53 9.45 -63 0.72 -8.10 0.46 -51 26 -44
Net Cash From Investing Activities		 36 87 433 1,119 -244 152 1,253 -50 382 253 227
Net Cash From Continuing Investing Activities		 36 87 433 1,119 -244 152 1,253 -50 382 253 227
Purchase of Property, Leasehold Improvements and Equipment		 -6.06 -0.29 2.44 5.94 -0.50 -0.10 -2.87 -3.49 -2.64 -3.14 -2.78
Purchase of Investment Securities		 -49 -86 -1,227 36 -349 85 -140 -281 179 -677 -1.28
Sale and/or Maturity of Investments		 91 173 1,655 1,076 105 67 1,395 234 205 933 231
Net Cash From Financing Activities		 76 -167 -962 -919 44 -193 -717 -476 -940 -235 -208
Net Cash From Continuing Financing Activities		 76 -167 -962 -919 44 -193 -717 -476 -940 -235 -208
Net Change in Deposits		 -272 41 42 -23 44 -233 323 -428 -782 -153 -70
Payment of Dividends		 - - - - 0.00 - - -49 -93 -162 -58
Cash Interest Paid		 71 81 15 78 47 50 45 72 65 57 63
Cash Income Taxes Paid		 -0.41 -0.26 4.19 -0.00 0.01 0.05 36 0.14 -3.36 32 37

Annual Balance Sheets for Mechanics Bancorp

This table presents Mechanics Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,894 6,244 6,742 7,042 6,812 7,237 7,204 9,365 9,392 16,490 22,351
Cash and Due from Banks		 33 54 73 58 58 58 65 73 216 1,000 1,030
Trading Account Securities		 1,222 1,758 1,515 1,001 1,151 1,438 1,183 1,418 1,298 4,506 5,386
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 5,496 7,385 7,382 -89 -153
Allowance for Loan and Lease Losses		 - - - - - - - - - 89 153
Premises and Equipment, Net		 64 78 105 88 77 65 58 51 54 117 144
Goodwill		 12 22 23 23 - - - - - 843 843
Intangible Assets		 - - - - 34 33 32 30 9.64 39 212
Other Assets		 3,564 512 520 798 5,492 5,643 370 408 433 10,073 14,890
Total Liabilities & Shareholders' Equity		 4,894 6,244 6,742 7,042 6,812 7,237 7,204 9,365 9,392 16,490 22,351
Total Liabilities		 4,429 5,614 6,038 6,303 6,133 6,519 6,489 8,803 8,854 14,188 19,489
Non-Interest Bearing Deposits		 3,232 4,430 4,761 4,889 5,340 5,822 6,147 7,452 6,763 5,616 6,744
Interest Bearing Deposits		 - - - - - - - - - 8,326 12,281
Long-Term Debt		 1,080 994 1,104 1,058 126 126 126 224 225 0.00 192
Other Long-Term Liabilities		 - - - 167 2.60 - - - - 246 272
Total Equity & Noncontrolling Interests		 465 629 704 740 680 718 715 562 538 2,302 2,862
Total Preferred & Common Equity		 465 629 704 740 680 718 715 562 538 2,302 2,862
Total Common Equity		 465 629 704 740 680 718 715 562 538 2,302 2,862
Common Stock		 223 337 340 343 301 279 250 227 230 2,122 2,402
Retained Earnings		 245 303 372 412 375 404 444 435 395 240 457
Accumulated Other Comprehensive Income / (Loss)		 -2.45 -10 -7.12 -15 4.32 35 21 -100 -87 -60 3.49

Quarterly Balance Sheets for Mechanics Bancorp

This table presents Mechanics Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 9,501 9,459 9,455 9,266 9,201 7,804 7,609 22,709 21,389 21,231 20,945
Cash and Due from Banks		 173 227 320 219 206 252 201 1,443 484 554 602
Trading Account Securities		 1,429 1,329 1,212 1,190 1,197 1,090 1,080 4,959 5,301 5,458 5,606
Loans and Leases, Net of Allowance		 7,395 7,401 7,405 7,340 7,295 6,024 5,887 -169 -157 -153 -134
Allowance for Loan and Lease Losses		 - - - - - - - 169 157 153 134
Premises and Equipment, Net		 55 54 56 50 49 46 44 144 143 142 141
Goodwill		 - - - - - - - 843 843 843 843
Intangible Assets		 11 10 9.02 8.39 7.77 6.66 6.18 143 205 98 91
Other Assets		 438 438 452 458 447 385 391 15,345 14,569 14,289 13,795
Total Liabilities & Shareholders' Equity		 9,501 9,459 9,455 9,266 9,201 7,804 7,609 22,709 21,389 21,231 20,945
Total Liabilities		 8,974 8,956 8,928 8,746 8,663 7,403 7,206 19,935 18,598 18,541 18,377
Non-Interest Bearing Deposits		 6,670 6,746 6,491 6,532 6,435 6,090 5,857 6,748 6,512 6,421 6,298
Interest Bearing Deposits		 - - - - - - - 12,704 11,731 11,669 11,722
Long-Term Debt		 225 225 225 225 225 225 225 190 129 130 132
Other Long-Term Liabilities		 - - - - - - - 292 226 241 226
Total Equity & Noncontrolling Interests		 528 502 527 520 538 401 403 2,774 2,791 2,690 2,567
Total Preferred & Common Equity		 528 502 527 520 538 401 403 2,774 2,791 2,690 2,567
Total Common Equity		 528 502 527 520 538 401 403 2,774 2,791 2,690 2,567
Common Stock		 228 229 231 232 233 233 234 2,402 2,403 2,405 2,406
Retained Earnings		 400 401 388 382 374 247 242 381 408 303 291
Accumulated Other Comprehensive Income / (Loss)		 -101 -127 -91 -93 -69 -79 -73 -8.81 -19 -18 -130

Annual Metrics And Ratios for Mechanics Bancorp

This table displays calculated financial ratios and metrics derived from Mechanics Bancorp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 22,076,533.00 24,836,124.00 26,888,287.00 26,991,909.00 24,410,586.00 21,787,938.00 20,450,012.00 18,722,640.00 18,810,055.00 - 221,213,650.00
DEI Adjusted Shares Outstanding		 22,076,533.00 24,836,124.00 26,888,287.00 26,991,909.00 24,410,586.00 21,787,938.00 20,450,012.00 18,722,640.00 18,810,055.00 - 221,213,650.00
DEI Earnings Per Adjusted Shares Outstanding		 1.87 2.34 2.56 1.48 0.72 3.67 5.64 3.55 -1.46 - 1.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 51.09% 25.52% -59.73% 4.31% 16.48% 35.71% -3.07% -17.91% -26.75% -63.72% 112.77%
EBITDA Growth		 41.26% 48.28% -54.51% 9.77% 41.22% 68.35% 26.48% -36.51% -119.99% -424.25% 329.59%
EBIT Growth		 70.81% 59.52% -71.61% 9.63% 72.39% 109.19% 43.96% -42.29% -138.69% -267.90% 795.17%
NOPAT Growth		 85.63% 40.74% -26.63% -38.54% 55.28% 96.44% 44.30% -42.35% -134.46% -267.90% 816.37%
Net Income Growth		 85.63% 40.74% 18.56% -41.94% -56.25% 356.77% 44.30% -42.35% -141.34% -424.73% 816.37%
EPS Growth		 31.54% 19.39% 8.55% -42.13% -55.78% 433.85% 57.35% -36.08% -141.83% -423.97% 807.14%
Operating Cash Flow Growth		 102.38% -638.97% 455.69% 79.51% -9.50% -109.87% 777.37% 26.18% -96.32% -672.30% -33.76%
Free Cash Flow Firm Growth		 -234.54% 96.42% -639.36% 126.16% 1,396.68% -66.05% 109.61% -313.71% 14.66% 210.04% -306.89%
Invested Capital Growth		 60.69% 5.02% 11.46% -0.62% -28.96% -8.66% -24.35% 104.29% 39.14% -35.33% 32.69%
Revenue Q/Q Growth		 6.48% 3.09% -56.92% 13,795.46% 3.19% 10.01% -3.96% -6.66% -8.51% -55.51% 318.82%
EBITDA Q/Q Growth		 1.12% -7.33% -32.93% 186.77% 11.20% 78.58% 1.28% -21.55% -305.52% -483.12% 383.36%
EBIT Q/Q Growth		 1.47% -7.27% -50.96% 569.51% 12.28% 22.96% 1.72% -23.90% -86.12% -275.87% 362.23%
NOPAT Q/Q Growth		 7.99% -9.89% 17.46% 722.49% 2.25% 22.13% 1.61% -23.93% -86.12% -275.87% 411.52%
Net Income Q/Q Growth		 7.99% -9.89% 89.80% -32.97% -19.49% 26.21% 1.61% -23.93% -76.47% -490.70% 313.84%
EPS Q/Q Growth		 12.64% -10.34% 89.55% -33.48% -20.73% 31.44% 4.20% -21.75% -78.05% -488.46% 117.33%
Operating Cash Flow Q/Q Growth		 103.62% -174.16% 51.56% -31.82% 8.08% -170.52% -12.28% 9.16% 8.71% -22.37% 205.44%
Free Cash Flow Firm Q/Q Growth		 -0.32% -145.60% 55.97% -86.16% -35.80% 142.46% -34.94% 39.98% -173.50% 1,081.96% -24.75%
Invested Capital Q/Q Growth		 -0.18% 3.36% -6.37% 8.50% 55.29% -12.74% 5.50% -23.17% -3.54% -39.00% 3.04%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 16.71% 19.74% 22.30% 23.47% 28.45% 35.29% 46.05% 35.62% -9.72% -140.47% 42.56%
EBIT Margin		 13.25% 16.84% 11.87% 12.47% 18.46% 28.46% 42.27% 29.72% -15.70% -159.19% 39.52%
Profit (Net Income) Margin		 9.62% 10.78% 31.75% 17.67% 6.64% 22.34% 33.26% 23.36% -13.18% -190.67% 32.86%
Tax Burden Percent		 72.61% 64.06% 267.50% 141.66% 35.95% 78.50% 78.68% 78.60% 83.98% 119.78% 83.16%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 27.39% 35.94% -65.55% 7.19% 16.40% 21.50% 21.32% 21.40% 0.00% 0.00% 16.84%
Return on Invested Capital (ROIC)		 3.30% 3.67% 2.49% 1.45% 2.65% 6.55% 11.27% 4.96% -1.06% -4.08% 9.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.30% 3.67% 4.99% 2.73% -0.16% 6.55% 11.27% 4.96% -1.35% -7.84% 9.92%
Return on Net Nonoperating Assets (RNNOA)		 7.47% 6.95% 7.85% 4.09% -0.18% 4.90% 4.84% 5.46% -3.94% -26.78% 0.37%
Return on Equity (ROE)		 10.77% 10.63% 10.34% 5.54% 2.47% 11.45% 16.11% 10.42% -5.00% -30.86% 10.29%
Cash Return on Invested Capital (CROIC)		 -43.26% -1.22% -8.35% 2.08% 36.51% 15.60% 38.99% -63.59% -33.80% 38.82% -18.18%
Operating Return on Assets (OROA)		 1.35% 1.63% 0.40% 0.41% 0.70% 1.45% 2.03% 1.02% -0.35% -1.38% 1.65%
Return on Assets (ROA)		 0.98% 1.04% 1.06% 0.58% 0.25% 1.14% 1.60% 0.80% -0.29% -1.65% 1.37%
Return on Common Equity (ROCE)		 10.77% 10.63% 10.34% 5.54% 2.47% 11.45% 16.11% 10.42% -5.00% -30.86% 10.29%
Return on Equity Simple (ROE_SIMPLE)		 8.88% 9.24% 9.79% 5.41% 2.58% 11.14% 16.14% 11.84% -5.11% -36.36% 9.28%
Net Operating Profit after Tax (NOPAT)		 41 58 43 26 41 80 115 67 -23 -84 266
NOPAT Margin		 9.62% 10.78% 19.65% 11.58% 15.43% 22.34% 33.26% 23.36% -10.99% -111.43% 32.86%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -2.51% -1.28% 2.80% 0.00% 0.00% 0.00% 0.29% 3.76% 0.00%
SG&A Expenses to Revenue		 68.57% 68.05% 66.63% 71.06% 69.39% 56.46% 52.95% 59.69% 78.21% 210.05% 37.26%
Operating Expenses to Revenue		 85.33% 82.40% 87.78% 86.20% 81.73% 65.82% 62.05% 72.11% 115.91% 259.19% 58.07%
Earnings before Interest and Taxes (EBIT)		 57 91 26 28 49 102 147 85 -33 -121 320
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 72 106 48 53 75 126 160 101 -20 -106 344
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.90 1.09 0.96 0.68 1.06 0.91 1.35 0.87 0.36 0.54 1.10
Price to Tangible Book Value (P/TBV)		 0.92 1.13 1.00 0.70 1.12 0.96 1.42 0.92 0.37 0.55 1.74
Price to Revenue (P/Rev)		 0.97 1.27 3.13 2.21 2.74 1.83 2.79 1.72 0.93 2.84 3.89
Price to Earnings (P/E)		 10.12 11.77 9.85 12.48 41.33 8.19 8.40 7.36 0.00 0.00 11.85
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 2.11% 5.35% 6.31% 0.00% 1.48%
Earnings Yield		 9.89% 8.50% 10.16% 8.01% 2.42% 12.22% 11.91% 13.59% 0.00% 0.00% 8.44%
Enterprise Value to Invested Capital (EV/IC)		 0.95 1.00 0.95 0.83 0.99 0.90 1.21 0.92 0.78 0.64 0.76
Enterprise Value to Revenue (EV/Rev)		 3.41 3.01 7.88 6.62 4.79 2.92 3.09 5.82 9.33 13.66 2.86
Enterprise Value to EBITDA (EV/EBITDA)		 20.41 15.26 35.33 28.22 16.83 8.27 6.70 16.33 0.00 0.00 6.71
Enterprise Value to EBIT (EV/EBIT)		 25.75 17.89 66.37 53.08 25.93 10.26 7.30 19.58 0.00 0.00 7.23
Enterprise Value to NOPAT (EV/NOPAT)		 35.46 27.93 40.09 57.19 31.02 13.07 9.28 24.91 0.00 0.00 8.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 176.31 0.00 10.74 5.24 4.88 0.00 6.19 7.59 242.75 0.00 11.94
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 39.99 2.25 5.49 2.68 0.00 0.00 1.29 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.32 1.58 1.57 1.43 0.88 0.63 0.23 2.21 3.66 3.09 0.07
Long-Term Debt to Equity		 2.32 1.58 1.57 1.43 0.18 0.18 0.18 0.40 0.42 0.57 0.07
Financial Leverage		 2.27 1.89 1.57 1.50 1.17 0.75 0.43 1.10 2.92 3.42 0.04
Leverage Ratio		 10.98 10.18 9.74 9.55 9.76 10.05 10.08 12.97 17.04 18.73 7.52
Compound Leverage Factor		 10.98 10.18 9.74 9.55 9.76 10.05 10.08 12.97 17.04 18.73 7.52
Debt to Total Capital		 69.89% 61.22% 61.06% 58.86% 46.77% 38.46% 18.93% 68.81% 78.53% 75.53% 6.29%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 36.93% 27.68% 4.65% 56.36% 69.57% 61.65% 0.00%
Long-Term Debt to Total Capital		 69.89% 61.22% 61.06% 58.86% 9.84% 10.79% 14.28% 12.45% 8.96% 13.88% 6.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 30.11% 38.78% 38.94% 41.14% 53.23% 61.54% 81.07% 31.19% 21.47% 24.47% 93.71%
Debt to EBITDA		 15.05 9.33 22.81 19.91 7.96 3.55 1.05 12.22 -97.11 -11.52 0.56
Net Debt to EBITDA		 14.59 8.83 21.31 18.82 7.19 3.09 0.64 11.51 -86.48 -7.70 -2.43
Long-Term Debt to EBITDA		 15.05 9.33 22.81 19.91 1.67 1.00 0.79 2.21 -11.08 -2.12 0.56
Debt to NOPAT		 26.14 17.09 25.89 40.35 14.67 5.61 1.45 18.64 -85.90 -14.52 0.72
Net Debt to NOPAT		 25.35 16.16 24.18 38.14 13.25 4.88 0.88 17.55 -76.50 -9.70 -3.15
Long-Term Debt to NOPAT		 26.14 17.09 25.89 40.35 3.09 1.57 1.09 3.37 -9.80 -2.67 0.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -542 -19 -143 38 561 191 399 -854 -729 802 -487
Operating Cash Flow to CapEx		 40.42% -186.22% 376.28% 3,207.84% 11,467.88% -1,389.83% 5,883.54% 3,217.33% 210.55% -9,371.63% 3,441.02%
Free Cash Flow to Firm to Interest Expense		 -32.33 -0.66 -3.79 0.61 6.36 4.40 23.17 -12.03 -3.13 2.84 -2.15
Operating Cash Flow to Interest Expense		 0.50 -1.52 4.22 4.65 2.93 -0.59 10.04 3.08 0.03 -0.16 0.86
Operating Cash Flow Less CapEx to Interest Expense		 -0.73 -2.33 3.10 4.51 2.91 -0.63 9.87 2.98 0.02 -0.16 0.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.03 0.03 0.04 0.05 0.05 0.03 0.02 0.01 0.04
Fixed Asset Turnover		 7.88 7.63 2.38 2.35 3.20 5.04 5.63 5.21 3.98 1.50 6.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,545 1,623 1,809 1,798 1,277 1,166 882 1,803 2,508 1,622 3,054
Invested Capital Turnover		 0.34 0.34 0.13 0.13 0.17 0.29 0.34 0.21 0.10 0.04 0.30
Increase / (Decrease) in Invested Capital		 584 78 186 -11 -521 -111 -284 920 706 -886 753
Enterprise Value (EV)		 1,465 1,624 1,711 1,500 1,263 1,045 1,071 1,657 1,948 1,034 2,311
Market Capitalization		 418 684 679 500 724 655 969 490 194 215 3,149
Book Value per Share		 $21.08 $25.34 $26.20 $27.40 $27.85 $32.94 $34.98 $30.03 $28.62 $21.05 $12.94
Tangible Book Value per Share		 $20.55 $24.44 $25.36 $26.56 $26.44 $31.43 $33.43 $28.42 $28.11 $20.67 $8.17
Total Capital		 1,545 1,623 1,809 1,798 1,277 1,166 882 1,803 2,508 1,622 3,054
Total Debt		 1,080 994 1,104 1,058 597 449 167 1,240 1,970 1,225 192
Total Long-Term Debt		 1,080 994 1,104 1,058 126 126 126 224 225 225 192
Net Debt		 1,047 940 1,032 1,000 539 391 102 1,168 1,754 819 -838
Capital Expenditures (CapEx)		 21 24 42 8.92 2.26 1.84 2.94 6.79 3.81 0.49 5.63
Net Nonoperating Expense (NNE)		 0.00 0.00 -26 -14 23 0.00 0.00 0.00 4.58 60 0.00
Net Nonoperating Obligations (NNO)		 1,080 994 1,104 1,058 597 449 167 1,240 1,970 1,225 192
Total Depreciation and Amortization (D&A)		 15 16 23 25 26 24 13 17 12 14 25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.98 $2.36 $2.57 $1.48 $0.66 $3.50 $5.53 $3.51 ($1.46) ($7.65) $1.27
Adjusted Weighted Average Basic Shares Outstanding		 20.82M 24.62M 26.86M 26.97M 25.57M 22.87M 20.89M 18.93M 18.78M 18.86M 208.63M
Adjusted Diluted Earnings per Share		 $1.96 $2.34 $2.54 $1.47 $0.65 $3.47 $5.46 $3.49 ($1.46) ($7.65) $1.27
Adjusted Weighted Average Diluted Shares Outstanding		 21.06M 24.84M 27.09M 27.17M 25.77M 23.08M 21.14M 19.04M 18.78M 18.86M 208.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.55M 26.84M 26.94M 27.03M 23.69M 21.51M 19.32M 18.76M 18.86M 18.92M 221.39M
Normalized Net Operating Profit after Tax (NOPAT)		 41 58 18 26 41 80 115 67 4.97 -84 327
Normalized NOPAT Margin		 9.62% 10.78% 8.31% 11.58% 15.43% 22.34% 33.26% 23.36% 2.38% -111.43% 40.41%
Pre Tax Income Margin		 13.25% 16.84% 11.87% 12.47% 18.46% 28.46% 42.27% 29.72% -15.70% -159.19% 39.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.39 3.08 0.68 0.46 0.55 2.35 8.51 1.19 -0.14 -0.43 1.41
NOPAT to Interest Expense		 2.46 1.97 1.13 0.43 0.46 1.85 6.70 0.94 -0.10 -0.30 1.18
EBIT Less CapEx to Interest Expense		 2.17 2.26 -0.44 0.31 0.53 2.31 8.34 1.10 -0.16 -0.43 1.39
NOPAT Less CapEx to Interest Expense		 1.24 1.16 0.01 0.28 0.44 1.80 6.53 0.84 -0.11 -0.30 1.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 17.33% 18.49% 40.35% -44.78% 0.00% 18.27%
Augmented Payout Ratio		 0.00% 0.00% 0.07% 0.00% 562.72% 89.85% 91.40% 153.06% -44.78% 0.00% 18.27%

Quarterly Metrics And Ratios for Mechanics Bancorp

This table displays calculated financial ratios and metrics derived from Mechanics Bancorp's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 18,857,566.00 18,857,566.00 18,857,565.00 - 18,920,808.00 18,920,808.00 18,920,808.00 221,213,650.00 221,388,530.00 221,401,080.00 221,426,509.00
DEI Adjusted Shares Outstanding		 18,857,566.00 18,857,566.00 18,857,565.00 - 18,920,808.00 18,920,808.00 18,920,808.00 221,213,650.00 221,388,530.00 221,401,080.00 221,426,509.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.40 -0.33 2.12 - -0.24 -0.23 2.92 0.99 0.20 0.26 0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -30.15% -20.19% 199.49% -205.58% 9.02% 14.07% 72.75% 210.78% 39.48% 34.20% -35.79%
EBITDA Growth		 -173.97% 86.13% 1,890.21% -12,287.59% 68.31% 63.10% -26.60% 4,872.56% -10.10% 20.84% -18.95%
EBIT Growth		 -262.90% 78.15% 3,871.37% -2,205.19% 55.01% 40.26% -18.71% 23,358.07% 0.68% 34.25% -0.78%
NOPAT Growth		 -246.13% 78.15% 1,640.48% -2,205.19% 55.01% 40.26% 38.10% 25,776.26% 0.68% 35.82% -32.64%
Net Income Growth		 -248.22% 80.16% 1,640.48% -3,507.11% 40.44% 29.27% 38.10% 7,765.77% 0.68% 35.82% -32.64%
EPS Growth		 -248.15% 80.24% 66.67% -3,527.78% 40.00% 30.30% 30.00% 120.90% -9.09% 23.81% -36.36%
Operating Cash Flow Growth		 84.79% -205.49% 737.76% -88.22% -186.83% 55.00% -54.66% 52.09% 892.91% -18.96% 83.04%
Free Cash Flow Firm Growth		 88.81% 117.98% 92.35% 215.94% 791.04% 995.99% -1,197.23% -359.49% -198.90% -216.82% 231.33%
Invested Capital Growth		 6.30% -3.42% 2.28% -35.33% -42.87% -36.59% 11.47% 32.69% 79.60% 73.85% -8.93%
Revenue Q/Q Growth		 -9.45% 3.18% 244.47% -222.26% 193.50% 7.97% 421.64% 79.62% -56.40% 0.45% -18.24%
EBITDA Q/Q Growth		 -893.44% 34.70% 1,952.42% -1,446.02% 97.46% 23.97% 3,785.37% 350.46% -77.79% 22.99% -20.03%
EBIT Q/Q Growth		 -163.25% 24.21% 793.24% -874.40% 94.86% -0.63% 1,043.34% 529.66% -78.21% 28.11% -17.62%
NOPAT Q/Q Growth		 -163.25% 24.21% 813.02% -874.40% 94.86% -0.63% 1,748.22% 297.84% -79.91% 30.87% -20.29%
Net Income Q/Q Growth		 -119.27% 16.79% 740.33% -1,593.59% 96.38% 1.19% 1,350.25% 297.84% -79.91% 30.87% -20.29%
EPS Q/Q Growth		 -122.22% 17.50% 160.61% -1,574.36% 96.32% 4.17% 213.04% 469.23% -86.49% 30.00% -19.23%
Operating Cash Flow Q/Q Growth		 -182.44% -177.26% 1,235.37% 106.43% -2,107.31% 56.50% 1,243.84% 1.75% -89.99% 362.98% -44.64%
Free Cash Flow Firm Q/Q Growth		 75.14% 149.71% -121.99% 1,347.45% 48.17% -21.16% -126.03% -113.45% -134.52% 6.06% 126.46%
Invested Capital Q/Q Growth		 13.48% -7.56% 1.08% -39.00% 0.24% 2.60% 77.68% 3.04% -4.39% -0.68% -6.93%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -17.12% -10.83% 58.26% 0.00% -4.98% -3.50% 24.76% 62.09% 31.62% 38.71% 37.87%
EBIT Margin		 -25.38% -18.64% 37.52% 0.00% -10.47% -9.76% 17.66% 61.89% 30.93% 39.44% 39.74%
Profit (Net Income) Margin		 -18.02% -14.53% 27.01% 0.00% -9.84% -9.01% 21.59% 47.83% 22.04% 28.71% 27.99%
Tax Burden Percent		 71.00% 77.95% 72.00% 133.38% 93.98% 92.28% 122.31% 77.28% 71.26% 72.80% 73.64%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 95.65%
Effective Tax Rate		 0.00% 0.00% 28.00% 0.00% 0.00% 0.00% -22.31% 22.72% 28.74% 27.20% 26.36%
Return on Invested Capital (ROIC)		 -1.23% -0.88% 2.86% 0.00% -0.26% -0.27% 1.48% 14.44% 8.39% 11.52% 8.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.23% -0.91% 2.86% 0.00% -0.32% -0.33% 1.48% 14.44% 8.39% 11.52% 8.15%
Return on Net Nonoperating Assets (RNNOA)		 -4.94% -3.73% 11.59% 0.00% -1.24% -1.22% 1.03% 0.54% 3.56% 5.50% 0.49%
Return on Equity (ROE)		 -6.17% -4.60% 14.45% 0.00% -1.50% -1.50% 2.52% 14.98% 11.95% 17.02% 8.65%
Cash Return on Invested Capital (CROIC)		 -7.37% 2.92% -1.38% 38.82% 50.98% 41.16% -13.88% -18.18% -45.23% -41.62% 18.49%
Operating Return on Assets (OROA)		 -0.50% -0.36% 1.12% 0.00% -0.10% -0.10% 0.21% 2.58% 1.83% 2.51% 1.50%
Return on Assets (ROA)		 -0.36% -0.28% 0.81% 0.00% -0.09% -0.09% 0.26% 1.99% 1.31% 1.82% 1.06%
Return on Common Equity (ROCE)		 -6.17% -4.60% 14.45% 0.00% -1.50% -1.50% 2.52% 14.98% 11.95% 17.02% 8.65%
Return on Equity Simple (ROE_SIMPLE)		 -7.60% -2.86% 4.23% 0.00% -35.26% -34.61% -4.48% 0.00% 9.53% 10.46% 10.09%
Net Operating Profit after Tax (NOPAT)		 -7.39 -5.60 40 -65 -3.33 -3.35 55 219 44 58 46
NOPAT Margin		 -17.77% -13.05% 27.01% 0.00% -7.33% -6.83% 21.59% 47.83% 22.04% 28.71% 27.99%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.03% 0.00% 3.67% 0.06% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 98.03% 93.94% 43.39% 0.00% 85.47% 78.26% 29.37% 31.98% 47.67% 43.21% 51.53%
Operating Expenses to Revenue		 125.38% 118.64% 57.92% 0.00% 108.27% 97.51% 63.94% 45.63% 65.19% 61.94% 69.50%
Earnings before Interest and Taxes (EBIT)		 -11 -8.00 55 -92 -4.75 -4.78 45 284 62 79 65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.12 -4.65 86 -89 -2.26 -1.72 63 285 63 78 62
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.54 0.41 0.00 0.54 0.55 0.61 0.09 1.10 1.17 1.31 1.27
Price to Tangible Book Value (P/TBV)		 0.55 0.42 0.00 0.55 0.56 0.62 0.14 1.74 1.87 2.01 2.00
Price to Revenue (P/Rev)		 1.49 1.20 0.00 2.84 2.80 2.89 1.30 3.89 3.77 3.84 3.97
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.85 12.27 12.52 12.60
Dividend Yield		 4.32% 5.70% 0.00% 0.00% 0.00% 0.00% 0.00% 1.48% 4.14% 8.24% 10.55%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.44% 8.15% 7.99% 7.94%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.80 0.00 0.64 0.74 0.79 0.00 0.76 1.00 1.10 1.04
Enterprise Value to Revenue (EV/Rev)		 11.97 11.72 0.00 13.66 15.04 15.34 0.00 2.86 3.36 3.47 3.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.71 8.64 9.06 8.34
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.23 9.10 9.34 8.25
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.70 10.94 11.30 10.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 44.09 224.22 0.00 0.00 0.00 0.00 0.00 11.94 14.10 16.37 13.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 26.91 0.00 1.29 1.05 1.48 0.00 0.00 0.00 0.00 5.35
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 4.40 4.06 3.94 3.09 3.06 3.14 0.07 0.07 0.05 0.08 0.05
Long-Term Debt to Equity		 0.43 0.43 0.42 0.57 0.56 0.56 0.07 0.07 0.05 0.05 0.05
Financial Leverage		 4.01 4.11 4.05 3.42 3.82 3.66 0.70 0.04 0.42 0.48 0.06
Leverage Ratio		 17.52 17.91 17.93 18.73 18.60 18.28 9.63 7.52 9.15 9.32 8.17
Compound Leverage Factor		 17.52 17.91 17.93 18.73 18.60 18.28 9.63 7.52 9.15 9.32 7.82
Debt to Total Capital		 81.47% 80.23% 79.76% 75.53% 75.35% 75.84% 6.41% 6.29% 4.41% 7.26% 4.89%
Short-Term Debt to Total Capital		 73.57% 71.68% 71.30% 61.65% 61.50% 62.34% 0.00% 0.00% 0.00% 2.76% 0.00%
Long-Term Debt to Total Capital		 7.90% 8.55% 8.46% 13.88% 13.85% 13.51% 6.41% 6.29% 4.41% 4.50% 4.89%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 18.53% 19.77% 20.24% 24.47% 24.65% 24.16% 93.59% 93.71% 95.59% 92.75% 95.11%
Debt to EBITDA		 -62.61 -258.63 28.79 -11.52 -12.07 -12.84 -1.57 0.56 0.38 0.60 0.39
Net Debt to EBITDA		 -53.96 -231.83 26.00 -7.70 -9.59 -10.80 10.31 -2.43 -1.05 -0.98 -1.40
Long-Term Debt to EBITDA		 -6.07 -27.56 3.05 -2.12 -2.22 -2.29 -1.57 0.56 0.38 0.37 0.39
Debt to NOPAT		 -66.52 -142.41 93.07 -14.52 -15.26 -16.21 -2.23 0.72 0.48 0.75 0.51
Net Debt to NOPAT		 -57.33 -127.65 84.03 -9.70 -12.12 -13.64 14.68 -3.15 -1.33 -1.22 -1.82
Long-Term Debt to NOPAT		 -6.45 -15.18 9.87 -2.67 -2.81 -2.89 -2.23 0.72 0.48 0.46 0.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -176 88 -19 821 1,217 959 -250 -533 -1,250 -1,174 311
Operating Cash Flow to CapEx		 -129.50% -7,526.30% 0.00% 0.00% -42,456.60% -10,195.83% 3,895.58% 3,264.27% 431.89% 1,679.57% 1,051.30%
Free Cash Flow to Firm to Interest Expense		 -2.50 1.23 -0.31 11.82 23.16 19.51 -4.22 -8.19 -19.88 -19.32 4.84
Operating Cash Flow to Interest Expense		 -0.11 -0.30 4.04 0.02 -0.43 -0.20 1.89 1.75 0.18 0.87 0.45
Operating Cash Flow Less CapEx to Interest Expense		 -0.20 -0.31 4.08 0.10 -0.43 -0.20 1.84 1.70 0.14 0.82 0.41
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.03 0.01 0.01 0.01 0.01 0.04 0.06 0.06 0.04
Fixed Asset Turnover		 3.42 3.43 5.41 1.50 1.56 1.81 2.00 6.19 9.16 9.86 5.79
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,846 2,631 2,659 1,622 1,626 1,668 2,964 3,054 2,920 2,900 2,699
Invested Capital Turnover		 0.07 0.07 0.11 0.04 0.04 0.04 0.07 0.30 0.38 0.40 0.29
Increase / (Decrease) in Invested Capital		 169 -93 59 -886 -1,220 -963 305 753 1,294 1,232 -265
Enterprise Value (EV)		 2,282 2,107 0.00 1,034 1,195 1,312 -1,001 2,311 2,911 3,177 2,802
Market Capitalization		 284 215 0.00 215 222 247 252 3,149 3,265 3,520 3,273
Book Value per Share		 $27.96 $27.58 $28.55 $21.05 $21.18 $21.30 $146.62 $12.94 $12.61 $12.15 $11.60
Tangible Book Value per Share		 $27.49 $27.14 $28.13 $20.67 $20.83 $20.97 $94.48 $8.17 $7.87 $7.90 $7.38
Total Capital		 2,846 2,631 2,659 1,622 1,626 1,668 2,964 3,054 2,920 2,900 2,699
Total Debt		 2,319 2,111 2,121 1,225 1,225 1,265 190 192 129 210 132
Total Long-Term Debt		 225 225 225 225 225 225 190 192 129 130 132
Net Debt		 1,999 1,892 1,915 819 973 1,064 -1,253 -838 -355 -343 -470
Capital Expenditures (CapEx)		 6.06 0.29 -2.44 -5.94 0.05 0.10 2.87 3.49 2.64 3.14 2.78
Net Nonoperating Expense (NNE)		 0.11 0.64 0.00 59 1.14 1.07 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,319 2,111 2,121 1,225 1,225 1,265 190 192 129 210 132
Total Depreciation and Amortization (D&A)		 3.44 3.35 31 3.64 2.49 3.07 18 0.90 1.39 -1.46 -3.08
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.40) ($0.33) ($0.39) ($6.53) ($0.24) ($0.23) $0.26 $1.48 $0.20 $0.26 $0.21
Adjusted Weighted Average Basic Shares Outstanding		 18.86M 18.86M 18.86M 18.86M 18.92M 18.92M 208.30M 208.63M 222.16M 222.26M 222.30M
Adjusted Diluted Earnings per Share		 ($0.40) ($0.33) ($0.39) ($6.53) ($0.24) ($0.23) $0.26 $1.48 $0.20 $0.26 $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 18.86M 18.86M 18.86M 18.86M 18.92M 18.92M 208.37M 208.73M 222.32M 222.45M 222.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.86M 18.86M 18.86M 18.92M 18.92M 18.92M 221.21M 221.39M 221.40M 221.43M 221.47M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.39 -5.60 40 -65 -3.33 -3.35 76 219 48 62 46
Normalized NOPAT Margin		 -17.77% -13.05% 27.01% 0.00% -7.33% -6.83% 29.86% 47.83% 23.75% 30.86% 28.24%
Pre Tax Income Margin		 -25.38% -18.64% 37.52% 0.00% -10.47% -9.76% 17.66% 61.89% 30.93% 39.44% 38.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.15 -0.11 0.91 -1.33 -0.09 -0.10 0.76 4.36 0.98 1.30 1.02
NOPAT to Interest Expense		 -0.11 -0.08 0.65 -0.93 -0.06 -0.07 0.93 3.37 0.70 0.95 0.72
EBIT Less CapEx to Interest Expense		 -0.24 -0.12 0.95 -1.25 -0.09 -0.10 0.71 4.31 0.94 1.25 0.97
NOPAT Less CapEx to Interest Expense		 -0.19 -0.08 0.69 -0.85 -0.06 -0.07 0.88 3.32 0.66 0.90 0.67
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 424.95% 0.00% 0.00% 0.00% 76.44% 18.27% 53.05% 107.78% 139.40%
Augmented Payout Ratio		 0.00% 0.00% 424.95% 0.00% 0.00% 0.00% 76.44% 18.27% 53.05% 107.78% 139.40%

Financials Breakdown Chart

Key Financial Trends

Mechanics Bancorp (NASDAQ:MCHB) is showing a substantial earnings recovery compared with the losses reported during much of 2023 and 2024. Quarterly net income moved from losses of $31.4 million in Q2 2023 and $6.2 million in Q2 2024 to $42.5 million in Q2 2025 and $57.7 million in Q2 2026. Earnings per share also improved from a $1.67 loss in Q2 2023 and a $0.33 loss in Q2 2024 to $0.26 in Q2 2026. The Q2 2026 result was up from $44.1 million, or $0.20 per share, in Q1.

Revenue growth has been driven primarily by net interest income. Net interest income increased from $43.5 million in Q2 2023 to $130.1 million in Q2 2025 and $177.2 million in Q2 2026. Total revenue reached $201.0 million in Q2 2026, although it was nearly flat compared with Q1 2026 because lower interest income and non-interest income offset some of the improvement in credit costs. The company also generated $52.8 million of operating cash flow in Q2, following $11.4 million in Q1 and negative operating cash flow in both Q1 and Q2 2025.

The balance sheet has expanded dramatically, but the quality and sustainability of that growth require close monitoring. Total assets increased from approximately $9.5 billion in mid-2023 and mid-2024 to $21.2 billion in Q2 2026. Total equity rose from roughly $528 million in Q2 2023 to $2.69 billion in Q2 2026, providing a larger capital base. However, goodwill, intangible assets and other assets now represent a significant portion of the balance sheet, while Q2 2026 financing cash flow was negative $235.2 million, including $162.0 million of dividend payments. The supplied filings identify the company as HomeStreet, Inc. in several periods despite the Mechanics Bancorp name and MCHB ticker, and some prior-period figures are marked as restated; investors should verify the issuer and comparability of the data.

  • Profitability has improved materially: Q2 2026 net income of $57.7 million was higher than Q1 2026 and substantially above the Q2 2025 restated loss of $4.4 million.
  • Net interest income has expanded: Q2 net interest income reached $177.2 million, more than four times the $43.5 million reported in Q2 2023.
  • Operating cash flow turned positive: Cash generated from operations increased to $52.8 million in Q2 2026 from $11.4 million in Q1 and negative $9.8 million in Q2 2025.
  • Credit costs are currently manageable: The Q2 2026 provision for credit losses was a $2.8 million benefit, compared with a $7.8 million provision in Q1 and a $47.0 million provision in Q3 2025.
  • Capital resources are much larger: Total common equity reached $2.69 billion in Q2 2026 versus approximately $528 million in Q2 2023, creating a stronger absolute capital cushion.
  • Investment portfolio liquidity improved during the quarter: Sales and maturities of investment securities exceeded purchases by approximately $255.2 million in Q2 2026, contributing to positive investing cash flow of $252.8 million.
  • Quarterly earnings remain volatile: Q4 2025 net income of $219.5 million was an unusually high outlier, while earnings fell to $44.1 million in Q1 2026 before rebounding to $57.7 million in Q2.
  • Balance-sheet growth has changed the company’s profile: Assets more than doubled from approximately $9.5 billion in 2024 to $21.2 billion in Q2 2026, but the data does not establish how much of the increase came from organic growth versus acquisitions or other strategic transactions.
  • Non-interest expenses remain elevated: Q2 2026 non-interest expense was $124.5 million, including $5.9 million of restructuring charges, $7.2 million of amortization and $63.1 million of salaries and employee benefits.
  • Deposit and funding pressure remains a risk: Deposits declined by $153.2 million in Q2 2026 after falling $782.1 million in Q1, while interest expense on deposits remained substantial at $56.5 million.
11/15/26 06:48 PM ETAI Generated. May Contain Errors.

Mechanics Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Mechanics Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Mechanics Bancorp's net income appears to be on an upward trend, with a most recent value of $265.74 million in 2025, rising from $41.32 million in 2015. The previous period was $29.00 million in 2024. See Mechanics Bancorp's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Mechanics Bancorp's total revenue changed from $429.58 million in 2015 to $808.62 million in 2025, a change of 88.2%.

In the past 13 quarters, Mechanics Bancorp's cash and equivalents has ranged from $173.10 million in Q2 2023 to $1.44 billion in Q3 2025, and is currently $602.46 million as of their latest financial filing in Q3 2026.

Mechanics Bancorp had total debt of $192.01 million at the end of 2025, a 84.3% decrease from 2024, and a 82.2% decrease since 2015.

Over the last 10 years, Mechanics Bancorp's book value per share changed from 21.08 in 2015 to 12.94 in 2025, a change of -38.6%.


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Financial statements for NASDAQ:MCHB last updated on 11/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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