Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 233

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 233
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%   |     | -3.9%  |     | -6.0%      |
| Price / Tangible Book Value per Share |     | 46%              |     | 152%               |     | 140%    |     | 138%   |     | 125%       |
| Price / 2025 EPS Estimate             |     | 31.6x / 26.1x(1) |     | 12.2x              |     | 11.6x   |     | 12.1x  |     | 11.3x      |
| Price / 2026 EPS Estimate             |     | 9.9x / 5.7x(1)   |     | 11.2x              |     | 10.8x   |     | 11.1x  |     | 10.4x      |
| Dividend Yield                        |     | 0.0%             |     | 3.9%               |     | 3.3%    |     | 3.4%   |     | 3.1%       |
| LTM Dividend Payout Ratio             |     | 0.0%             |     | 63.5%              |     | 44.9%   |     | 38.2%  |     | 35.1%      |

| (1) | First multiple based on consensus “street estimates” for HomeStreet and second multiple based on estimates taken from financial and operating forecasts and projections of HomeStreet provided by HomeStreet management. |

No company used as a comparison in the above selected companies analysis is identical to HomeStreet. 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. Relative Contribution Analysis . KBW analyzed the relative standalone contribution of Mechanics and HomeStreet to various pro forma balance sheet and income statement items and the combined market capitalization of the combined company. This analysis did not include purchase accounting adjustments or cost savings. To perform this analysis, KBW used (i) balance sheet and net income data for Mechanics and HomeStreet as of or for the 12-month period ended December 31, 2024, (ii) financial and operating forecasts and projections of Mechanics provided by Mechanics management, (iii) financial and operating forecasts and projections of HomeStreet provided by HomeStreet management,