Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 229

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 229
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 Tangible Book Value per Share |     | 96%       |     | 193%               |     | 172%    |     | 159%   |     | 148%       |
| Price / 2025 EPS Estimate             |     | 7.2x(1)   |     | 16.7x              |     | 14.4x   |     | 12.7x  |     | 12.2x      |
| Price / 2026 EPS Estimate             |     | 6.5x(1)   |     | 14.1x              |     | 12.4x   |     | 11.7x  |     | 11.2x      |
| Dividend Yield                        |     | 6.9%(2)   |     | 4.2%               |     | 4.1%    |     | 4.0%   |     | 3.0%       |
| LTM Dividend Payout Ratio             |     | 46.7%(3)  |     | 80.0%              |     | 61.4%   |     | 58.1%  |     | 39.3%      |

| (1) | Estimates per Mechanics management. |

| (2) | Calculated using FY’24 dividends per share. |

| (3) | Calculated using core net income. 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. |

No company used as a comparison in the above selected companies analysis is identical to Mechanics. Accordingly, an analysis of these results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and operating characteristics of the companies involved. HomeStreet Selected Companies Analysis. Using publicly available information, KBW compared the financial performance, financial condition and market performance of HomeStreet to 7 selected major exchange-traded banks headquartered in the Western region of the United States (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming) with total assets between $5 billion and $15 billion. Merger targets, ethnic-focused banks, and LendingClub Corporation, an online bank, were excluded from the selected companies. The selected companies were