Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 40

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 40
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1.46) Weighted average shares outstanding: Basic 18,857,392 18,783,005 Diluted 18,857,392 18,783,005 See accompanying notes to consolidated financial statements. 34

HOMESTREET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Years Ended December 31, (in thousands) 2024 2023 Net income (loss) $ (144,344) $ (27,508) Other comprehensive income (loss): Unrealized gain (loss) on investment securities available for sale ("AFS") (115) 15,535 Reclassification for net (gains) losses included in income — (3) Other comprehensive income (loss) before tax (115) 15,532 Income tax impact of: Unrealized gain (loss) on investment securities AFS 227 2,862 Reclassification for net (gains) losses included in income — (1) Total 227 2,861 Other comprehensive income (loss) (342) 12,671 Total comprehensive income (loss) $ (144,686) $ (14,837) See accompanying notes to consolidated financial statements. 35

HOMESTREET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in thousands, except share data) Number of shares Common stock Retained earnings Accumulated other comprehensive income (loss) Total Balance, December 31, 2022 18,730,380 $ 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 grants 92,769 — — — — 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, 2023 18,810,055 229,889 395,357 (86,859) 538,387 Net income (loss) — — (144,344) — (144,344) Share-based compensation expense — 3,430 —