Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 107

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 107
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Total(2,866)(5,140)(5,469)Core net income (loss) per fully diluted share(0.15)(0.27)(0.29)Select Performance Ratios:Return on average equity - annualizedNet income (loss)(4.5)%(92.7)%(5.6)%Core (1)(2.9)%(3.9)%(4.1)%Return on average tangible equity - annualized (1)Net income (loss)(4.2)%(93.7)%(5.3)%Core (1)(2.5)%(3.5)%(3.8)%Return on average assets - annualizedNet income (loss)(0.23)%(5.38)%(0.32)%Core (1)(0.15)%(0.22)%(0.23)%Efficiency ratio (1)102.9 %115.6 %118.0 %Net interest margin1.82 %1.38 %1.44 %Other dataFull time equivalent employees766 792 858 

(1)Return on average tangible equity, core net income (loss), core net income (loss) per fully diluted share, core return on average equity, core return on average tangible equity, core return on average assets and the efficiency ratio are non-GAAP financial measures. For a reconciliation of these measures to the nearest comparable GAAP financial measure or the computation of the measure see “Non-GAAP Financial Measures” elsewhere in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

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 As of(dollars in thousands)March 31, 2025December 31, 2024Selected Balance Sheet DataLoans held for sale$34,734 $20,312 Loans held for investment, net6,023,582 6,193,053 ACL39,634 38,743 Investment securities1,055,318 1,057,006 Total assets7,803,631 8,123,698 Deposits6,090,495 6,413,021 Borrowings1,000,000 1,000,000 Long-term debt225,223 225,131 Total shareholders' equity400,751 396,997 Other data:Book value per share$21.18 $21.05 Tangible book value per share (1)$20.