Mechanics Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	693.72	572.27	528.51	602.87	551.3	553.87
Interest Income on Investments	246.18	239.49	207.2	116.09	99.78	78.21
Total Interest Income	939.9	811.76	735.72	718.96	651.07	632.07
Interest Paid on Deposits	241.33	219.62	189.26	119.44	16.27	9.55
Interest Paid on Borrowings	15.22	6.43	27.29	36.31	3.57	1.37
Total Interest Expense	256.55	226.05	216.55	155.75	19.84	10.92
Net Interest Income	683.35	585.72	519.17	563.21	631.23	621.16
Net Interest Income Growth	31.93%	12.82%	-7.82%	-10.78%	1.62%	7.98%
Trust Income	13.23	13.02	12.32	9.64	9.71	10.3
Gain (Loss) on Sale of Investments	0.51	4.57	-207.2	-	-11.23	-
Other Non-Interest Income	48.7	36.64	32.11	39.63	39.46	36.79
Total Non-Interest Income	87.66	77.45	-139.12	74.23	63.73	70.92
Non-Interest Income Growth	25.14%	-	-	16.47%	-10.13%	-1.82%
Revenues Before Loan Losses	771.01	663.16	380.05	637.44	694.97	692.08
Provision for Loan Losses	28.54	19.52	-1.51	0.75	26.63	21.22
Revenue	742.47	643.65	381.56	636.69	668.34	670.86
Revenue Growth	25.95%	68.69%	-40.07%	-4.74%	-0.38%	25.93%
Salaries and Employee Benefits	255.29	219.32	191.17	200.75	205.82	221.86
Federal Deposit Insurance	10.55	9	14.63	9.23	6.09	-
Amortization of Goodwill & Intangibles	26.16	17.13	13.45	17.32	20.67	24.28
Selling, General & Administrative	124.17	105.18	89.27	91.96	96.66	61.98
Other Non-Interest Expense	53.37	43.09	34.84	39.56	37.14	76.78
Total Non-Interest Expense	469.65	396.19	345.86	358.75	366.21	384.91
EBT Excluding Unusual Items	272.82	247.46	35.7	277.94	302.13	285.95
Other Unusual Items	145.46	145.46	-	-	-	-
Pretax Income	340.19	319.55	35.7	277.94	302.13	285.95
Income Tax Expense	58.93	53.81	6.7	76.03	85.55	79.94
Net Income	281.25	265.74	29	201.91	216.58	206.01
Net Income to Common	281.25	265.74	29	201.91	216.58	206.01
Net Income Growth	58.11%	816.37%	-85.64%	-6.77%	5.13%	120.42%
Basic Shares Outstanding	229	219	202	212	212	212
Diluted Shares Outstanding	229	219	202	212	212	212
Shares Change	13.28%	8.27%	-4.78%	0.02%	0.08%	-
EPS (Basic)	1.23	1.22	0.14	0.95	1.02	0.97
EPS (Diluted)	1.23	1.21	0.14	0.95	1.02	0.97
EPS Growth	39.58%	746.38%	-84.92%	-6.79%	5.05%	120.42%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.310	0.210	0.450	0.499	1.109	0.245
Dividend Growth	813.53%	-53.33%	-9.86%	-54.97%	351.79%	-
Effective Tax Rate	17.32%	16.84%	18.76%	27.35%	28.32%	27.96%