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NASDAQ · STATE COMMERCIAL BANKS · MID CAP

Mechanics Bancorp MCHB

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$265.7M
▲ 816.4% YoY
$187.1M
▼ 34.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Mechanics Bancorp, a Washington corporation, is a financial holding company and primarily operates through 121-year-old Mechanics Bank, its wholly-owned subsidiary. Mechanics Bank is a full-service community bank with 166 branches throughout California, Washington, Oregon and Hawaii. Following the strategic merger of HomeStreet Bank with and into Mechanics Bank on September 2, 2025, with Mechanics Bank surviving the merger as a wholly-owned subsidiary of the company, the assets, liabilities and operations of HomeStreet Bank became the assets, liabilities and operations of Mechanics Bank. Headquartered in Walnut Creek, California, Mechanics Bank provides a wide range of products and services in consumer and business banking, commercial lending, cash management services, private banking, and comprehensive wealth management and trust services. Because the assets of Mechanics Bank exceed $10 billion, Mechanics Bank is subject to additional regulation, examination and supervision of the CFPB. As of December 31, 2025, the company employed 1,971 employees across its geographic footprint, 92% of which are classified as full-time, and none of its employees are covered by a collective bargaining agreement.

Written from the business description in Mechanics Bancorp's annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2017 · Revenue 0.0 · Net income 68.9
30M60M-15M-30M
201020132016201920222025
Compound annual growth
+58.7%
+27.1%
+20.5%
+2.7%
−21.9%
−7.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2013 · Operating -2877.9%
-2000%-4000%
201020172025
ROE
FY2025 · ROE 10.3%
20%40%-20%-40%
201020172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 48.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 187.1
150M300M-150M-300M
201020172025
Net buybacks $M Dividends $M
FY2025 · Dividends 48.6 · Net buybacks ·
50M100MDividendsNet buybacks
2012201420162019202120232025

USD 48.6M in dividends — 18% of the year's profit went back to shareholders.

Total assetsUSD 22.4B
EquityUSD 2.9B
CashUSD 1.0B
Gross debtUSD 192.0M
Net debtUSD -838.0M
DepositsUSD 19.0B

The company holds more cash than debt.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MCHB, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B◌◌◌◌◌◌◌◌0.00.00.00.0−0.00.00.00.0
Operating income $B0.30.0−0.00.10.10.10.00.00.00.10.10.00.00.10.0−0.0
EBITDA $B0.30.0−0.00.10.20.10.10.00.00.10.10.00.00.10.0−0.0
Income tax $B0.10.0−0.00.00.00.00.00.0−0.00.00.00.00.00.0−0.00.0
Net income $B0.30.0−0.00.10.10.10.00.00.10.10.00.00.00.10.0−0.0
Free cash flow $B0.20.30.00.20.2−0.00.30.30.1−0.1−0.0−0.40.3−0.40.1−0.0
EPS, diluted $1.270.14−1.463.495.463.470.651.472.542.341.961.491.615.982.80−6.34
Dividend / sh $◌◌0.651.401.000.60◌◌◌0.000.000.110.330.000.00◌
Payout %18328−4540181700—00700——
ROE %10.31.3−2.010.416.111.42.55.510.310.610.87.89.046.922.2−58.3
Shares out B◌0.020.020.020.020.020.020.030.030.030.020.010.010.015.40◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2011. Four checks were skipped: cost of revenue is not tagged before 2011. Three checks were skipped: EPS is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityState Commercial Banks
Listed onNASDAQ
Incorporated inWashington
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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