Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 243

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 243
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 after 2026, HomeStreet’s management provided KBW with, among other things, estimated long-term annual growth rates of 5.0% for HomeStreet’s net income and earnings per share for the years 2027 and thereafter.

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TABLE OF CONTENTS

Certain Internal Management Projections for Mechanics The following table presents certain prospective financial information for Mechanics (collectively, the “Mechanics prospective financial information”) that was used by KBW at the direction of HomeStreet management in the financial analyses performed by KBW in connection with KBW’s opinion, as described in the section entitled “ The Merger—Opinion of HomeStreet’s Financial Advisor.”

| ($ in millions, except per share)    |     |      2025 
 Estimated |     |      2026 
 Estimated |     |      2027 
 Estimated |     |      2028 
 Estimated |
| Net Income to Common Shareholders(1) |     |    $191.0 |     |    $211.0 |     |    $237.0 |     |    $255.8 |
| Diluted Earnings per Share           |     | $2,968.53 |     | $3,279.37 |     | $3,683.46 |     | $3,975.51 |
| Total Assets                         |     |   $16,712 |     |   $16,943 |     |   $17,183 |     |   $17,951 |

| (1) | Reflects net income available to holders of Mechanics common stock. |

For purposes of extrapolating Mechanics’ financial results after 2028, Mechanics’ management provided KBW with, among other things, estimated long-term annual growth rates of 5.0% for Mechanics’ net income and earnings per share for the years 2029 and thereafter. Estimates Regarding Certain Pro Forma Financial Effects The following presents estimates regarding certain pro forma financial effects of the merger on the combined company that were prepared by Mechanics management, provided to and discussed with KBW by such management and used and relied upon by KBW, at the direction of HomeStreet management and with the consent of the HomeStreet board, in performing an illustrative dividend discount model analysis of the pro forma combined entity as part of the financial analyses performed in connection with KBW’s opinion, as further described in the section entitled “ The Merger—Opinion of HomeStreet’s Financial Advisor.” Such prospective financial information included, among other things, (i