MCHB on Nasdaq

Mechanics Bancorp

American state commercial bank, incorporated in Washington.

Price unavailable

Last updated Oct 18, 2026.

Overview

$49.7MRevenue, fiscal 20252
$265.7MNet income, fiscal 20252

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  • TickerMCHB on Nasdaq
  • IndustryState Commercial Banks
  • HeadquartersWA
  • Incorporated inWA3
  • Business address1111 Civic Drive, Suite 390, Walnut Creek, Ca 945963
  • Filer categoryAccelerated filer, Smaller reporting company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

534.4%Net margin2
3.3%Revenue growth, 20252
9.3%Return on equity2
0.07×Debt to equity2
$187.1MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Products And Services, Service Charges On Deposit Accounts brought in 47% of the revenue Mechanics Bancorp broke down this way in fiscal 2025.

  1. Products And Services, Service Charges On Deposit Accounts$23.2M247%down 2% from 2024
  2. Products And Services, ATM Network Fee Income$13.5M227%up 11% from 2024
  3. Products And Services, Trust Fees And Commissions$13.0M226%up 6% from 2024
Products and services by year
Products and services20242025
Products And Services, Service Charges On Deposit Accounts$23.6M$23.2M
Products And Services, ATM Network Fee Income$12.2M$13.5M
Products And Services, Trust Fees And Commissions$12.3M$13.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax17¢$53.8M
  • Profit83¢$265.7M

Out of $49.7M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$6.5M
  • Dividends paid25¢$48.6M
  • Kept or used elsewhere72¢$138.5M

Out of $193.6M of cash from operations.2

Financial statements

Revenue2$49.7M in 2025+3% since 2024
0$20.0M$40.0M$60.0M2024: $48.1M$48.1M20242025: $49.7M$49.7M2025+3%
Net income456782$265.7M in 2025+564% since 2018
-$100.0M0$100.0M$200.0M$300.0M2018: $40.0M$40.0M20182019: $17.5M$17.5M2019−56%2020: $80.0M$80.0M2020+357%2021: $115.4M$115.4M2021+44%2022: $66.5M$66.5M2022−42%2023: -$27.5M-$27.5M20232024: $29.0M$29.0M20242025: $265.7M$265.7M2025+816%

Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.2

Period ending2025-12-312024-12-31
Loans interest and fees$572.3M$528.5M
Investment securities$179.4M$131.8M
Interest-bearing cash and other$60.1M$75.4M
Total interest income$811.8M$735.7M
Deposits$219.6M$189.3M
Borrowings$124.0K$26.4M
Long-term debt$6.3M$862.0K
Total interest expense$226.0M$216.5M
Net interest income$585.7M$519.2M
Provision (reversal of provision) for credit losses on loans$20.5M-$1.6M
Ending balance-$987.0K$52.0K
Net interest income after provision for credit losses$566.2M$520.7M
Noninterest income$49.7M$48.1M
Loan servicing income$2.9M$968.0K
Net gain (loss) on sales and calls of investment securities$4.6M-$207.2M
Income from bank owned life insurance$4.8M$2.6M
Bargain purchase gain$145.5M$0
Other$15.4M$16.4M
Total noninterest income (loss)$222.9M-$139.1M
Salaries and employee benefits$219.3M$191.2M
Occupancy$37.8M$32.3M
Equipment$29.3M$23.4M
Professional services$23.2M$21.4M
FDIC assessments and regulatory fees$9.0M$14.6M
Amortization of intangible assets$17.1M$13.4M
Data processing$11.7M$8.9M
Loan related$13.0M$7.0M
Marketing and advertising$3.1M$3.3M
Other real estate owned related$2.5M$2.5M
Acquisition and integration costs$73.4M$0
Other$30.1M$27.9M
Total noninterest expense$469.6M$345.9M
Income before income tax expense$319.6M$35.7M
INCOME TAX EXPENSE$53.8M$6.7M
NET INCOME$265.7M$29.0M
Basic (in dollars per share)$1.27$0.14
Diluted earnings per share (in dollars per share)$1.27$0.14
Basic (in shares)208.6M shares202.0M shares
Diluted (in shares)208.7M shares202.1M shares

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Leadership

Who has led Mechanics Bancorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Coleman James Johnson2026–now

President

  1. Coleman James Johnson2026–now

Chief financial officer

  1. David E. Hooston2012
  2. Melba Bartels2015–2017
  3. Mark R. Ruh2017–2020
  4. John Michel2020–2026
  5. Nathan Duda2026–now

Chief operating officer

  1. Troy Harper2023
201520202025
Board members and other officers (60)

Former names

  • HomeStreet, Inc.May 6, 2011 to Aug 22, 20253

Timeline

  1. Jan 5, 2026New chief executive Coleman James Johnson becomes CEO13

Filings

488 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 102 major events, 257 insider forms, 24 large holders, 84 other. The latest 20:

  1. Sep 17, 20268-K EDGAR
  2. Aug 20, 20268-K EDGAR
  3. Aug 7, 202610-Q EDGAR
  4. Jul 29, 20268-K EDGAR
  5. Jun 24, 202611-K EDGAR
  6. Jun 17, 20264 EDGAR
  7. Jun 1, 20268-K EDGAR
  8. May 29, 20264 EDGAR
  9. May 29, 20264 EDGAR
  10. May 29, 20264 EDGAR
  11. May 29, 20264 EDGAR
  12. May 29, 20264 EDGAR
  13. May 29, 20264 EDGAR
  14. May 29, 20264 EDGAR
  15. May 13, 20268-K EDGAR
  16. May 8, 202610-Q EDGAR
  17. May 5, 20268-K EDGAR
  18. Apr 30, 20268-K EDGAR
  19. Apr 16, 2026DEFA14A EDGAR
  20. Apr 16, 2026DEF 14A EDGAR

The 488 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 24 such filings since October 2021, the latest 10:

  1. Nov 14, 2025SCHEDULE 13G/A
  2. Nov 12, 2025SCHEDULE 13G/A
  3. Oct 31, 2025SCHEDULE 13G/A
  4. Oct 17, 2025SCHEDULE 13G/A
  5. Sep 9, 2025SCHEDULE 13D
  6. Aug 14, 2025SCHEDULE 13G/A
  7. May 12, 2025SCHEDULE 13G
  8. Dec 30, 2024SCHEDULE 13G/A
  9. Nov 14, 2024SC 13G
  10. Mar 19, 2024SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,082,045$49.0M0.0%−344,519
Mechanics Bank Trust Department2,242,540$35.7M4.4%−59,421
State Street Corp1,722,446$27.4M0.0%+12,021
Vanguard Capital Management LLC1,649,674$26.2M0.0%−430,765
Geode Capital Management, LLC1,377,662$21.9M0.0%−42,857
Composition Wealth, LLC1,115,781$17.7M0.2%No change
Bank of New York Mellon Corp1,088,061$17.3M0.0%−10,339
Dimensional Fund Advisors LP761,455$12.1M0.0%−11,913
Charles Schwab Investment Management Inc532,287$8.5M0.0%−112,286
Sculptor Capital LP512,727$8.2M0.1%No change
Simcoe Capital LLC507,384$8.1M4.9%+159,651
Two Sigma Investments, LP507,019$8.1M0.0%+357,462
Goldman Sachs Group Inc452,348$7.2M0.0%−228,187
J. Goldman & Co LP449,959$7.2M0.3%−234,226
Renaissance Technologies LLC418,892$6.7M0.0%+205,418
Citadel Advisors LLC392,567$6.2M0.0%+228,205
Alliancebernstein L.P.392,493$5.8M0.0%−252,488
Northern Trust Corp354,036$5.6M0.0%−19,912
Siena Capital Partners GP, LLC353,216$5.6M1.4%No change
Morgan Stanley318,288$5.1M0.0%−63,061
First Trust Advisors LP318,115$5.1M0.0%+239,813
Vanguard Fiduciary Trust Co303,976$4.8M0.0%−5,335
Nuveen, LLC300,888$4.8M0.0%+205,001
CenterBook Partners LP281,168$4.5M0.2%−234,557
Vanguard Portfolio Management LLC269,588$4.3M0.0%−9,715

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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