Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 229

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 229
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%      |
| Tangible Common Equity (adj. for fair value marks)(3) |     | 80.2%      |     | 19.8%      |
| Income Statement:                                     |     |            |     |            |
| 2023 Core Earnings(4)                                 |     | 96.6%      |     | 3.4%       |
| 2024 Core Earnings(4)(5)                              |     | NM(7)      |     | NM         |
| 2025 Estimated Earnings(6)                            |     | 96.5%      |     | 3.5%       |
| 2026 Estimated Earnings(6)                            |     | 86.9%      |     | 13.1%      |

| (1) | Based on the 18,920,807.6 shares of HomeStreet common stock outstanding as of 3/27/2025, 151,927 unvested HomeStreet restricted stock units and 243,096 unvested HomeStreet performance stock units as of 3/27/2025, the product of (i) the Class A exchange ratio and (ii) 64,230.0724 Mechanics common shares outstanding at 3/27/2025 and 134.73 restricted stock units of Mechanics as of 3/27/2025. |

| (2) | Market capitalization as of 3/27/2025. Based on 18,920,807.6 HomeStreet common shares outstanding as of 3/27/2025 and 64,230.0724 Mechanics common shares outstanding at 3/27/2025 and calculated based on publicly available information regarding the price of HomeStreet common stock and Mechanics common stock. |

| (3) | Adjusted tangible book value per share based on 12/31/2024 balance sheet and 12/31/2024 fair value marks as disclosed in HomeStreet’s 2024 10-K filing and Mechanics’ 2024 Annual Report. |

| (4) | Based on 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. |

| (5) | HomeStreet excludes deferred tax valuation allowance and loss on multifamily loan sale, assumes 24.5% tax rate. |

| (