Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 80

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 80
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)(342)12,671 Total comprehensive income (loss)$(144,686)$(14,837)

See accompanying notes to consolidated financial statements.

47

HOMESTREET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(in thousands, except share data)Numberof sharesCommonstockRetainedearningsAccumulatedothercomprehensiveincome (loss)Total Balance, December 31, 202218,730,380 $226,592 $435,085 $(99,530)$562,147 Net income (loss)— — (27,508)— (27,508)Share-based compensation expense— 3,613 — — 3,613 Common stock issued - Stock grants92,769 — — — — Other comprehensive income — — — 12,671 12,671 Dividends declared ($0.65 per share)— — (12,220)— (12,220)Common stock repurchased(1)(13,094)(316)— — (316)Balance, December 31, 202318,810,055 229,889 395,357 (86,859)538,387 Net income (loss)— — (144,344)— (144,344)Share-based compensation expense— 3,430 — — 3,430 Common stock issued - Stock grants60,483 — — — — Other comprehensive income (loss)— — — (342)(342)Common stock repurchased(1)(12,973)(134)— — (134)Balance, December 31, 202418,857,565 $233,185 $251,013 $(87,201)$396,997 

1)  These amounts represent shares withheld from stock grants to pay for individual employee taxes on their stock grants. 

See accompanying notes to consolidated financial statements.

48

HOMESTREET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years Ended December 31,(in thousands)20242023CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$(144,344)$(27,508)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: