Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 385

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 385
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286 |
| Gain (loss) on sale of OREO, net                                   |     |          129 |     |         -109 |     |         -149 |
| Non-interest income subject to ASC 606                             |     |       48,256 |     |       46,682 |     |       47,638 |
| Non-interest income not subject to ASC 606                         |     |     -187,376 |     |       27,545 |     |       16,095 |
| Total noninterest (loss) / income                                  |     |   $(139,120) |     |      $74,227 |     |      $63,733 |

NOTE 23 - EARNINGS PER SHARE The following table summarizes the calculation of earnings per share:

| (in thousands, except share and per share data)    |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |     |   Year Ended 
 December 31, 
         2022 |
|:---------------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
| Net income                                         |     |      $28,999 |     |     $201,914 |     |     $216,582 |
| Weighted average shares:                           |     |              |     |              |     |              |
| Basic weighted average common shares outstanding   |     |       64,228 |     |       64,223 |     |       64,218 |
| Dilutive effect of unvested restricted stock units |     |           18 |     |           55 |     |           50 |
| Diluted weighted average common shares outstanding |     |       64,246 |     |       64,278 |     |       64,268 |
| Net income per share:                              |     |              |     |              |     |              |
| Basic earnings per share                           |     |      $451.50 |     |    $3,143.95 |     |    $3,372.60 |
| Diluted earnings per share                         |     |      $451.37 |     |    $3,141.26 |     |    $3,369.98 |

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TABLE OF CONTENTS

MECHANICS BANK CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 202