NASDAQ : MCHB

Mechanics Bancorp — Financial statements

Financials · Banks - Regional · United States

Last price 14.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.40B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans728.86M572.27M528.51M602.87M551.30M553.87M
Interest Income on Investments246.83M239.49M207.20M116.09M99.78M78.21M
Total Interest Income975.69M811.76M735.72M718.96M651.07M632.07M
Interest Paid on Deposits244.32M219.62M189.26M119.44M16.27M9.55M
Interest Paid on Borrowings17.27M6.43M27.29M36.31M3.57M1.37M
Total Interest Expense261.59M226.05M216.55M155.75M19.84M10.92M
Net Interest Income714.10M585.72M519.17M563.21M631.23M621.16M
Trust Income13.52M13.02M12.32M9.64M9.71M10.30M
Gain (Loss) on Sale of Investments-31.91M4.57M-207.20M-11.23M
Other Non-Interest Income52.46M36.64M32.11M39.63M39.46M36.79M
Total Non-Interest Income51.94M77.44M-139.12M74.23M63.73M70.92M
Revenues Before Loan Losses766.04M663.16M380.05M637.44M694.97M692.08M
Provision for Loan Losses-10.89M19.52M-1.51M750.00K26.62M21.22M
Revenue776.92M643.65M381.56M636.69M668.34M670.86M
Salaries and Employee Benefits260.52M219.32M191.17M200.75M205.82M221.86M
Federal Deposit Insurance10.76M9.00M14.62M9.23M6.09M
Amortization of Goodwill & Intangibles28.88M17.13M13.45M17.32M20.67M24.28M
Selling, General & Administrative129.64M105.18M89.27M91.96M96.66M61.98M
Other Non-Interest Expense51.26M43.09M34.84M39.56M37.14M76.78M
Total Non-Interest Expense481.30M396.19M345.86M358.75M366.21M384.91M
EBT Excluding Unusual Items295.62M247.46M35.70M277.94M302.13M285.95M
Other Unusual Items57.97M145.46M
Pretax Income338.81M319.55M35.70M277.94M302.13M285.95M
Income Tax Expense79.84M53.81M6.70M76.03M85.55M79.94M
Net Income258.97M265.74M29.00M201.91M216.58M206.01M
Net Income to Common258.97M265.74M29.00M201.91M216.58M206.01M
Basic Shares Outstanding232.24M218.66M201.99M212.01M211.99M211.99M
Diluted Shares Outstanding232.47M218.76M202.05M212.19M212.15M211.99M
EPS (Basic)1.121.220.140.951.020.97
EPS (Diluted)1.111.210.140.951.020.97
Dividend Per Share0.210.450.501.110.25
Effective Tax Rate23.57%16.84%18.76%27.35%28.32%27.96%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents602.46M1.03B999.71M1.46B331.63M1.00B
Investment Securities793.49M209.49M583.51M300.92M375.34M
Trading Asset Securities46.10M53.71M12.84M28.06M36.25M
Mortgage-Backed Securities5.55B4.58B4.31B3.32B4.04B5.71B
Total Investments5.60B5.43B4.53B3.90B4.36B6.12B
Gross Loans13.01B14.18B9.64B10.78B12.04B11.01B
Allowance for Loan Losses-133.62M-153.32M-88.56M-133.78M-126.72M-135.83M
Net Loans12.88B14.02B9.55B10.64B11.92B10.87B
Property, Plant & Equipment216.28M225.97M170.91M177.07M171.60M166.28M
Goodwill843.30M843.30M843.30M843.30M843.30M843.30M
Other Intangible Assets90.94M212.49M38.74M52.21M69.66M90.77M
Loans Held for Sale7.74M5.97M543.00K440.00K508.09K
Accrued Interest Receivable449.63M53.10M33.60M48.14M51.42M45.30M
Long-Term Deferred Tax Assets75.70M51.65M113.44M130.25M40.28M
Other Real Estate Owned & Foreclosed5.08M4.99M15.60M17.01M113.77K431.37K
Other Long-Term Assets234.78M432.03M230.69M228.29M239.72M225.09M
Total Assets20.94B22.35B16.49B17.50B18.14B19.42B
Accrued Expenses3.50M5.00M
Interest Bearing Deposits11.72B11.72B8.33B8.11B7.95B8.33B
Institutional Deposits565.87M279.88M253.32M
Non-Interest Bearing Deposits6.30B6.74B5.62B6.19B7.27B8.18B
Total Deposits18.02B19.02B13.94B14.30B15.50B16.77B
Short-Term Borrowings8.61M11.06M15.20M283.98M29.32M
Current Portion of Long-Term Debt64.83M
Current Portion of Leases25.74M
Accrued Interest Payable147.46M159.86M157.37M120.15M126.12M1.44M
Long-Term Debt131.99M127.18M774.97M24.93M24.89M
Long-Term Leases78.29M61.05M56.09M57.74M46.09M38.05M
Pension & Post-Retirement Benefits16.82M21.91M24.04M28.76M
Other Long-Term Liabilities141.01M
Total Liabilities18.38B19.49B14.19B15.27B16.00B17.04B
Common Stock2.41B2.40B2.12B3.21M3.21M3.21M
Additional Paid-In Capital2.12B2.12B2.12B
Retained Earnings290.97M456.69M239.52M305.51M251.41M269.87M
Comprehensive Income & Other-129.75M3.49M-59.77M-191.79M-241.78M-3.64M
Shareholders' Equity2.57B2.86B2.30B2.24B2.13B2.39B
Total Liabilities & Equity20.94B22.35B16.49B17.50B18.14B19.42B
Total Debt210.28M287.42M67.16M847.90M355.00M92.25M
Net Cash (Debt)438.27M796.27M945.39M609.67M4.69M945.29M
Net Cash Per Share1.893.644.682.870.024.46
Filing Date Shares Outstanding231.50M231.42M212.03M212.01M212.00M211.99M
Total Common Shares Outstanding231.50M231.34M212.03M212.01M212.00M211.99M
Book Value Per Share11.0912.3710.8610.5410.0511.26
Tangible Book Value1.63B1.81B1.42B1.34B1.22B1.45B
Tangible Book Value Per Share7.057.816.706.325.756.86

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income265.74M29.00M201.91M216.58M206.01M
Depreciation & Amortization31.46M22.82M27.99M31.66M38.21M
Other Amortization12.13M19.27M30.95M36.22M-16.83M
Gain (Loss) on Sale of Assets2.41M633.00K-715.00K-29.00K-4.37M
Gain (Loss) on Sale of Investments-213.00K213.99M16.32M34.65M40.51M
Provision for Credit Losses19.52M-1.51M750.00K26.62M20.88M
Net Decrease (Increase) in Loans Originated / Sold - Operating36.47M-50.00K-416.00K515.00K-83.25K
Accrued Interest Receivable77.34M-9.15M-14.00M-12.12M77.32M
Other Operating Activities-160.77M2.33M-3.98M-6.73M-17.57M
Operating Cash Flow193.59M292.26M266.00M318.18M295.26M
Capital Expenditures-6.51M-6.37M-6.87M-9.48M-7.24M
Sale of Property, Plant and Equipment887.00K2.62M2.49M1.26M20.09M
Cash Acquisitions156.89M
Investment in Securities244.06M-597.45M478.15M1.36B-825.72M
Net Decrease (Increase) in Loans Originated / Sold - Investing1.08B1.07B1.17B-1.10B132.93M
Other Investing Activities56.65M1.65M28.34M108.00K204.21K
Investing Cash Flow1.55B476.21M1.67B258.06M-665.44M
Short-Term Debt Issued260.00M
Long-Term Debt Issued750.00M
Total Debt Issued750.00M260.00M
Short-Term Debt Repaid-260.00M-3.31M
Long-Term Debt Repaid-1.00B-775.00M
Total Debt Repaid-1.00B-775.00M-260.00M-3.31M
Net Debt Issued (Repaid)-1.00B-775.00M490.00M260.00M-3.31M
Common Dividends Paid-48.56M-94.99M-105.84M-235.04M-216.99M
Net Increase (Decrease) in Deposit Accounts-660.36M-356.34M-1.20B-1.27B420.02M
Financing Cash Flow-1.71B-1.23B-813.45M-1.25B199.71M
Net Cash Flow30.27M-457.86M1.13B-669.67M-170.47M
Free Cash Flow187.08M285.89M259.13M308.70M288.02M
Free Cash Flow Margin29.07%74.93%40.70%46.19%42.93%
Free Cash Flow Per Share0.851.421.221.461.36
Cash Interest Paid220.83M217.39M150.51M19.62M12.05M
Cash Income Tax Paid31.39M3.56M58.46M77.26M81.05M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization3.48B3.38B1.70B1.54B1.54B1.80B
Last Close Price14.6413.367.236.175.755.78
PE Ratio13.5112.7358.697.637.128.73
PS Ratio4.495.264.462.422.312.68
PB Ratio1.321.180.740.690.720.75
P/FCF Ratio18.9718.085.955.954.996.24
P/OCF Ratio17.9617.485.825.794.846.09
Debt / Equity Ratio0.080.100.030.380.170.04
Debt / FCF Ratio1.540.233.271.150.32
Net Debt / Equity Ratio-0.17-0.28-0.41-0.27-0.00-0.40
Net Debt / FCF Ratio-4.26-3.31-2.35-0.01-3.28
Return on Equity (ROE)9.70%10.29%1.28%9.25%9.59%8.49%
Return on Assets (ROA)1.19%1.37%0.17%1.13%1.15%1.07%
Earnings Yield7.40%7.85%1.70%13.10%14.05%11.46%
FCF Yield5.27%5.53%16.80%16.81%20.03%16.02%
Dividend Yield10.37%1.44%5.61%6.87%15.25%2.89%
Payout Ratio140.03%18.27%327.57%52.42%108.52%105.33%
Buyback Yield / Dilution-5.07%-8.27%4.78%-0.02%-0.08%
Total Shareholder Return5.28%-6.83%10.38%6.85%15.17%2.89%