Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 227

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 227
---
3%              |     | 57.6%   |     | 61.4%  |     | 63.1%      |

| (1) | 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.

| (2) | Excludes gain/(loss) on sale of securities. |

| (3) | Excludes deferred tax valuation allowance and loss on sale of multifamily loans. |

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

|                                          |     |            |     | Selected Companies |     |         |     |        |     |            |
|                                          |     | HomeStreet |     | 75th               
 Percentile         |     | Average |     | Median |     | 25th       
 Percentile |
| Tangible Common Equity / Tangible Assets |     | 4.80%      |     | 10.88%             |     | 10.01%  |     | 9.72%  |     | 9.22%      |
| Total Capital Ratio                      |     | 12.23%     |     | 15.65%             |     | 16.20%  |     | 15.43% |     | 15.27%     |
| Loans HFI / Deposits                     |     | 97.2%      |     | 76.4%              |     | 75.3%   |     | 83.7%  |     | 89.3%      |
| Loan Loss Reserves / Loans               |     | 0.62%      |     | 1.60%              |     | 1.41%   |     | 1.37%  |     | 1.16%      |
| Nonperforming Assets / Loans + OREO      |     | 1.55%      |     | 0.13%              |     | 0.40%   |     | 0.24%  |     | 0.58%      |
| Net Charge-offs / Average Loans          |     | 0.01%      |     | 0.01%              |     | 0.10%   |     | 0.02%  |