Mechanics Bancorp Financials

MCHB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Mechanics Bancorp (MCHB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 69/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Mechanics Bancorp's revenue grew a modest 3.3% year-over-year to $49.7M. This slow but positive growth earns a score of 38/100.

Leverage

100

Mechanics Bancorp carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Mechanics Bancorp converts 376.2% of revenue into free cash flow ($187.1M). This strong cash generation earns a score of 100/100.

Returns

Mechanics Bancorp's ROE of 9.3% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 1.3% the prior year.

Piotroski F-Score Weak

3/9

Mechanics Bancorp passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

0.73x

For every $1 of reported earnings, Mechanics Bancorp generates $0.73 in operating cash flow ($193.6M OCF vs $265.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$49.7M

YoY+3.3%

5Y CAGR-27.7%

10Y CAGR-11.3%

Mechanics Bancorp generated $49.7M in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$187.1M

YoY-34.6%

Mechanics Bancorp generated $187.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 34.6% from the prior year.

Net Income

$265.7M

YoY+816.4%

5Y CAGR+27.1%

10Y CAGR+20.5%

Mechanics Bancorp reported $265.7M in net income in fiscal year 2025. This represents an increase of 816.4% from the prior year.

EPS (Diluted)

$1.27

YoY+807.1%

5Y CAGR-18.2%

10Y CAGR-4.2%

Mechanics Bancorp earned $1.27 per diluted share (EPS) in fiscal year 2025. This represents an increase of 807.1% from the prior year.

Cash & Debt

$1.0B

YoY+3.0%

5Y CAGR+77.7%

10Y CAGR+41.2%

Mechanics Bancorp held $1.0B in cash against $192.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

534.4%

YoY+474.1pp

5Y CAGR+502.6pp

10Y CAGR+509.4pp

Mechanics Bancorp's net profit margin was 534.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 474.1 percentage points from the prior year.

Return on Equity

9.3%

YoY+8.0pp

5Y CAGR-1.9pp

10Y CAGR+0.4pp

Mechanics Bancorp's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$6.5M

YoY+2.2%

5Y CAGR+14.6%

10Y CAGR-10.9%

Mechanics Bancorp invested $6.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.2% from the prior year.

MCHB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$49.7M+3.3%	$48.1M-88.0%	$399.7M+31.4%	$304.3M+24.6%	$244.3M-3.1%	$252.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$37.2M-4.1%	$38.8M+9.7%	$35.4M+12.0%	$31.6M-5.8%	$33.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$226.0M+4.4%	$216.5M-7.1%	$233.0M+228.2%	$71.0M+311.8%	$17.2M-60.2%	$43.4M
Income Tax	$53.8M+703.4%	$6.7M+227.6%	-$5.2M-129.0%	$18.1M-42.0%	$31.3M+42.7%	$21.9M
Net Income	$265.7M+816.4%	$29.0M+205.4%	-$27.5M-141.3%	$66.5M-42.4%	$115.4M+44.3%	$80.0M
EPS (Diluted)	$1.27+807.1%	$0.14+109.6%	$-1.46-141.8%	$3.49-36.1%	$5.46+57.3%	$3.47

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$12.4M-85.0%	$83.0M-3.2%	$85.8M	N/A	$12.3M-87.8%	$101.1M-1.4%	$102.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$9.4M-8.8%	$10.3M	N/A	$9.7M-8.6%	$10.6M-6.8%	$11.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$59.2M+20.4%	$49.2M-6.4%	$52.5M	N/A	$61.1M-14.4%	$71.4M+1.5%	$70.4M
Income Tax	N/A	-$10.1M-2626.3%	-$369K-29.0%	-$286K	N/A	$15.5M+980.2%	-$1.8M+42.4%	-$3.1M
Net Income	N/A	$55.2M+1350.2%	-$4.4M+1.2%	-$4.5M	N/A	$39.9M+740.3%	-$6.2M+16.8%	-$7.5M
EPS (Diluted)	N/A	$0.26+213.0%	$-0.23+4.2%	$-0.24	N/A	$0.20+160.6%	$-0.33+17.5%	$-0.40

MCHB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$22.4B+35.5%	$16.5B+75.6%	$9.4B+0.3%	$9.4B+30.0%	$7.2B-0.5%	$7.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B+3.0%	$999.7M+363.6%	$215.7M+196.1%	$72.8M+11.7%	$65.2M+12.3%	$58.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$843.3M0.0%	$843.3M	$0-100.0%	$27.9M	N/A	N/A
Total Liabilities	$19.5B+37.4%	$14.2B+60.2%	$8.9B+0.6%	$8.8B+35.7%	$6.5B-0.5%	$6.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$192.0M	$0-100.0%	$224.8M+0.2%	$224.4M+78.1%	$126.0M+0.1%	$125.8M
Total Equity	$2.9B+24.4%	$2.3B+3.0%	$2.2B+297.7%	$562.1M-21.4%	$715.3M-0.3%	$717.8M
Retained Earnings	$456.7M+90.7%	$239.5M-39.4%	$395.4M-9.1%	$435.1M-2.1%	$444.3M+10.0%	$403.9M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$22.4B-1.6%	$22.7B+198.4%	$7.6B-2.5%	$7.8B-52.7%	$16.5B+79.2%	$9.2B-0.7%	$9.3B-2.0%	$9.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B-28.6%	$1.4B+617.4%	$201.1M-20.3%	$252.2M-74.8%	$999.7M+385.6%	$205.9M-5.9%	$218.7M-31.7%	$320.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$843.3M0.0%	$843.3M	N/A	N/A	$843.3M	N/A	N/A	N/A
Total Liabilities	$19.5B-2.2%	$19.9B+283.9%	$5.2B-29.9%	$7.4B-47.8%	$14.2B+63.8%	$8.7B-0.9%	$8.7B-2.0%	$8.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$192.0M+1.0%	$190.1M-15.6%	$225.3M0.0%	$225.2M	$0	$0-100.0%	$224.9M0.0%	$224.9M
Total Equity	$2.9B+3.2%	$2.8B+14.8%	$2.4B+503.0%	$400.8M-82.6%	$2.3B+0.1%	$2.3B+2.5%	$2.2B+325.5%	$527.3M
Retained Earnings	$456.7M+19.9%	$381.0M+57.3%	$242.1M-1.8%	$246.5M+2.9%	$239.5M-36.0%	$374.3M-1.9%	$381.6M-1.6%	$387.9M

MCHB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$193.6M-33.8%	$292.3M+3542.4%	$8.0M-96.3%	$218.3M+26.2%	$173.0M+777.4%	-$25.5M
Capital Expenditures	$6.5M+2.2%	$6.4M+67.2%	$3.8M-43.8%	$6.8M+130.7%	$2.9M-10.8%	$3.3M
Free Cash Flow	$187.1M-34.6%	$285.9M+6685.9%	$4.2M-98.0%	$211.5M+24.4%	$170.1M+689.7%	-$28.8M
Investing Cash Flow	$1.5B+224.6%	$476.2M-1.6%	$484.0M+118.2%	-$2.7B-2012.5%	-$125.6M+46.0%	-$232.6M
Financing Cash Flow	-$1.7B-39.4%	-$1.2B-251.1%	-$349.2M-114.3%	$2.4B+6173.4%	-$40.2M-115.6%	$258.3M
Dividends Paid	$48.6M-48.9%	$95.0M+671.2%	$12.3M-54.1%	$26.8M+25.8%	$21.3M+53.9%	$13.9M
Share Buybacks	N/A	N/A	$0-100.0%	$75.0M-10.9%	$84.2M+45.1%	$58.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$113.9M+1.8%	$112.0M+1243.8%	-$9.8M+56.5%	-$22.5M-130.0%	$74.9M-69.7%	$247.0M+1235.4%	-$21.8M-177.3%	-$7.8M
Capital Expenditures	$3.5M+21.4%	$2.9M+2893.8%	$96K+81.1%	$53K-97.8%	$2.5M+201.0%	-$2.4M-944.3%	$289K-95.2%	$6.1M
Free Cash Flow	$110.4M+1.2%	$109.1M+1203.7%	-$9.9M+56.2%	-$22.6M-131.1%	$72.4M-70.4%	$244.5M+1209.4%	-$22.0M-58.5%	-$13.9M
Investing Cash Flow	-$50.4M-104.0%	$1.3B+725.0%	$151.9M-20.3%	$190.7M+340.2%	-$79.4M-118.4%	$432.6M+397.2%	$87.0M+141.4%	$36.0M
Financing Cash Flow	-$476.2M+33.6%	-$716.9M-271.0%	-$193.2M+40.1%	-$322.6M-85.5%	-$174.0M+81.9%	-$962.0M-476.6%	-$166.8M-318.2%	$76.5M
Dividends Paid	$48.6M	N/A	N/A	N/A	$0-100.0%	$95.0M	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MCHB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	534.4%+474.1pp	60.3%+67.1pp	-6.9%-28.7pp	21.9%-25.4pp	47.3%+15.5pp	31.7%
Return on Equity	9.3%+8.0pp	1.3%+2.5pp	-1.2%-13.1pp	11.8%-4.3pp	16.1%+5.0pp	11.1%
Return on Assets	1.2%+1.0pp	0.2%+0.5pp	-0.3%-1.0pp	0.7%-0.9pp	1.6%+0.5pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.07+0.1	0.00-0.1	0.10-0.3	0.40+0.2	0.180.0	0.18
FCF Margin	376.2%-217.8pp	594.0%+593.0pp	1.1%-68.5pp	69.5%-0.1pp	69.6%+81.1pp	-11.5%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	444.2%+449.5pp	-5.3%-0.1pp	-5.2%	N/A	325.0%+331.1pp	-6.2%+1.1pp	-7.3%
Return on Equity	N/A	2.0%+2.2pp	-0.2%+0.9pp	-1.1%	N/A	1.7%+2.0pp	-0.3%+1.1pp	-1.4%
Return on Assets	N/A	0.2%+0.3pp	-0.1%0.0pp	-0.1%	N/A	0.4%+0.5pp	-0.1%+0.0pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.070.0	0.07-0.0	0.09-0.5	0.56+0.6	0.000.0	0.00-0.1	0.10-0.3	0.43
FCF Margin	N/A	878.5%+890.4pp	-11.9%+14.4pp	-26.3%	N/A	1989.2%+2011.0pp	-21.8%-8.2pp	-13.6%

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Frequently Asked Questions

What is Mechanics Bancorp's annual revenue?

Mechanics Bancorp (MCHB) reported $49.7M in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mechanics Bancorp's revenue growing?

Mechanics Bancorp (MCHB) revenue grew by 3.3% year-over-year, from $48.1M to $49.7M in fiscal year 2025.

Is Mechanics Bancorp profitable?

Yes, Mechanics Bancorp (MCHB) reported a net income of $265.7M in fiscal year 2025, with a net profit margin of 534.4%.

What is Mechanics Bancorp's earnings per share (EPS)?

Mechanics Bancorp (MCHB) reported diluted earnings per share of $1.27 for fiscal year 2025. This represents a 807.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Mechanics Bancorp have?

As of fiscal year 2025, Mechanics Bancorp (MCHB) had $1.0B in cash and equivalents against $192.0M in long-term debt.

What is Mechanics Bancorp's net profit margin?

Mechanics Bancorp (MCHB) had a net profit margin of 534.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mechanics Bancorp's return on equity (ROE)?

Mechanics Bancorp (MCHB) has a return on equity of 9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mechanics Bancorp's free cash flow?

Mechanics Bancorp (MCHB) generated $187.1M in free cash flow during fiscal year 2025. This represents a -34.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Mechanics Bancorp's operating cash flow?

Mechanics Bancorp (MCHB) generated $193.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mechanics Bancorp's total assets?

Mechanics Bancorp (MCHB) had $22.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mechanics Bancorp's capital expenditures?

Mechanics Bancorp (MCHB) invested $6.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Mechanics Bancorp's debt-to-equity ratio?

Mechanics Bancorp (MCHB) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mechanics Bancorp's return on assets (ROA)?

Mechanics Bancorp (MCHB) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mechanics Bancorp's Piotroski F-Score?

Mechanics Bancorp (MCHB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mechanics Bancorp's earnings high quality?

Mechanics Bancorp (MCHB) has an earnings quality ratio of 0.73x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Mechanics Bancorp?

Mechanics Bancorp (MCHB) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.