Inferra AI / Company / MCHB

Mechanics Bancorp

MCHB · Financials

Last earnings Oct 28, 2026

Key results

EPSquarter

$22.7 billion

htm EX-99.1 Q3 2025 EARNINGS RELEASE Document Mechanics Bancorp Reports Third Quarter 2025 Results Following Completion of Merger with HomeStreet Bank Third Quarter Highlights $22.7 billion Total Assets $55.2 million Net Income 13.42% CET1 Ratio (1) $12.54 Book Value Per Share $7.73 Tangible Book Value Per Share (2) Walnut Creek, CA October 30, 2025 (BUSINESS WIRE) Mechanics Bancorp (Nasdaq MCHB) ( Mechanics ), the financial holding company of Mechanics Bank, today announced its financial results for the quarter ended September 30, 2025.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Net incomequarter

13.42%

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Mechanics reported net income to common shareholders of $55.2 million, or $0.25 per diluted share, for the third quarter of 2025, compared to $42.5 million, or $0.20 per diluted share, for the second quarter of 2025.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

AI analysis

Q3 2025 · reported Oct 30, 2025

Based on: Earnings release + parent 8-K — transcript not held

EPS · Q3 2025

$22.7B

EX-99 · Oct 30, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
EPS	$22.7 billion	—	—
Net income	13.42%	—	—

EX-99 · Oct 30, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

1 No wholesale funding , as all HomeStreet FHLB borrowings and brokered deposits have been paid off.

The decrease in the net interest margin was primarily due to the deposits and long-term debt acquired from HomeStreet and non-recurring interest recoveries recognized in the second quarter.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Mechanics financial results for the third quarter were materially impacted by its merger with HomeStreet, Inc

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

1 No wholesale funding , as all HomeStreet FHLB borrowings and brokered deposits have been paid off.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The decrease in the net interest margin was primarily due to the deposits and long-term debt acquired from HomeStreet and non-recurring interest recoveries recognized in the second quarter.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Borrowings Total borrowings were $190.1 million at September 30, 2025, representing subordinated notes, senior notes and trust preferred debt acquired in the merger.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

At September 30, 2025, Mechanics had available borrowing capacity of $3.8 billion from the FHLB, $4.0 billion from the FRBSF and $5.3 billion under borrowing lines established with other financial institutions.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

We have already paid down the acquired HomeStreet FHLB advances, and our borrowing capacity with the FHLB will increase in the fourth quarter when the legacy HomeStreet loans are pledged.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Class B Shares also are treated as if such share had been converted into ten Class A Shares for purposes of calculating the economic rights of the Class B Shares, including upon liquidation of the Company or the declaration of dividends or distributions by the Company.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Strategy & priorities

This transaction was financially and strategically compelling and we are excited to add the attractive markets of Washington, Oregon and Hawaii to our unique California franchise.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

All statements, other than statements of historical fact, contained or incorporated by reference in this earnings release, including statements regarding our plans, objectives, expectations, strategies, beliefs, or future performance or events, are forward-looking statements.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Risks & headwinds

These statements are subject to known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time, many of which may be beyond our control.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

and global economies, including business disruptions, reductions in employment, inflationary pressures and an increase in business failures, specifically among our customers, and global trade disputes, including the imposition of tariffs by the U.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

A discussion of the factors, risks and uncertainties that could affect our financial results, business goals and operational and financial objectives is also contained in the Risk Factors included on Exhibit 99.2 to the Company s Current Report on Form 8-K, filed with the U.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company.

SEC original ↗Mechanics Bancorp — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Documents

Earnings deck slides

0 decks with slide view

Mechanics Bancorp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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