Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 114

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 114
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, 202520252024Core net income (loss)Net income (loss)$(4,412)$(4,465)$(8,877)$(13,735)Adjustments (tax effected)Merger related expenses (recoveries)1,362 1,599 2,961 3,925 Total$(3,050)$(2,866)$(5,916)$(9,810)Core net income (loss) per fully diluted shareFully diluted shares18,920,808 18,920,808 18,920,808 18,857,218 Computed amount$(0.16)$(0.15)$(0.31)$(0.52)Return on average tangible equity (annualized)Average shareholders' equity$403,629 $404,800 $404,211 $530,266 Less: Average intangibles(6,494)(6,976)(6,734)(9,099)Average tangible equity397,135 397,824 397,477 521,167 Net income (loss)$(4,412)$(4,465)$(8,877)$(13,735)Adjustments (tax effected)Amortization of core deposit intangibles373 374 747 975 Tangible income applicable to shareholders$(4,039)$(4,091)$(8,130)$(12,760)Ratio(4.1)%(4.2)%(4.1)%(4.9)%Return on average tangible equity (annualized) - CoreAverage tangible equity$397,135 $397,824 $397,477 $521,167 Core net income (loss) (per above)(3,050)(2,866)(5,916)(9,810)Adjustments (tax effected)Amortization on core deposit intangibles373 374 747 975 Tangible income (loss) applicable to shareholders$(2,677)$(2,492)$(5,169)$(8,835)Ratio(2.7)%(2.5)%(2.6)%(3.4)%Return on average equity (annualized)  - CoreAverage shareholders' equity (per above)$403,629 $404,800 $404,211 $530,266 Core net income (loss) (per above)(3,050)(2,866)(5,916)(9,