Mechanics Bancorp
Financial highlights
| Metric | FY 12/31/25 | FY 09/30/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $49.7M | — | $48.1M | — | — |
| Interest expense | — | — | — | $233.0M | $71.0M |
| Pretax income | $319.6M | — | $35.7M | -$32.8M | $84.7M |
| Income tax expense | $53.8M | — | $6.7M | -$5.2M | $18.1M |
| Net income | $265.7M | — | $29.0M | -$27.5M | $66.5M |
| Balance Sheet | |||||
| Cash and equivalents | $1.0B | — | $999.7M | $215.7M | $72.8M |
| Total assets | $22.4B | $22.7B | $16.5B | $9.4B | $9.4B |
| Total liabilities | $19.5B | — | $14.2B | $8.9B | $8.8B |
| Stockholders' equity | $2.9B | $2.8B | $2.3B | $2.2B | $562.1M |
| Cash Flow Statement | |||||
| Cash from operations | $193.6M | — | $292.3M | $8.0M | $218.3M |
| Depreciation and amortization | $10.6M | — | $6.6M | $7.1M | $9.7M |
| Stock-based compensation | $5.6M | — | $4.6M | $3.6M | $4.1M |
| Capital expenditure | $6.5M | — | $6.4M | $3.8M | $6.8M |
| Free cash flow | $187.1M | — | $285.9M | $4.2M | $211.5M |
| Dividends paid | $48.6M | — | $95.0M | $12.3M | $26.8M |
| Share repurchases | — | — | $134,000 | $0 | $75.0M |
| Impairments | $0 | — | $0 | $39.9M | $0 |
Shares outstanding 221.4M
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.