Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 231

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 231
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4%   |     | 58.1%  |     | 39.3%      |

| (1) | Estimates per Mechanics management. |

| (2) | Calculated using FY’24 dividends per share. |

| (3) | Calculated using core net income. Core net income after taxes and before extraordinary items, excluding gain on the sale of available for sale securities, amortization of intangibles, goodwill and nonrecurring items as defined by S&P Global. |

No company used as a comparison in the above selected companies analysis is identical to Mechanics. Accordingly, an analysis of these results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and operating characteristics of the companies involved. HomeStreet Selected Companies Analysis. Using publicly available information, KBW compared the financial performance, financial condition and market performance of HomeStreet to 7 selected major exchange-traded banks headquartered in the Western region of the United States (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming) with total assets between $5 billion and $15 billion. Merger targets, ethnic-focused banks, and LendingClub Corporation, an online bank, were excluded from the selected companies. The selected companies were as follows (shown by column in descending order of total assets):

| National Bank Holdings Corporation |     | Heritage Financial Corporation |
| TriCo Bancshares                   |     | Westamerica Bancorporation     |
| FirstSun Capital Bancorp           |     | Heritage Commerce Corp.        |
| Central Pacific Financial Corp.    |     |                                |

To perform this analysis, KBW used profitability and other financial information as of or for LTM or MRQ ended December 31, 2024 and closing market price information as of March 27, 2025. KBW also used 2025 and 2026 earnings per share (“EPS”) estimates taken from publicly available consensus “street estimates” for HomeStreet and the selected companies. Certain financial data presented in the tables below may not correspond to the data presented in HomeStreet’s historical financial statements as a result of the different periods, assumptions and methods used to compute the financial data presented.

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KBW’s analysis showed the following concerning the financial performance of HomeStreet and the selected companies:

|                                                      |     |            |     | Selected Companies |     |         |     |        |     |            |
|                                                      |     |