Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 383

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 383
---
 $(1,764.00) |
| Diluted                                                       |     |                 $681.59 |     | $(1,764.00) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                    |     |                         |     |             |
| Basic                                                         |     |                  64,230 |     |      64,225 |
| Diluted                                                       |     |                  64,248 |     |      64,225 |

F-51

TABLE OF CONTENTS

MECHANICS BANK CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE QUARTERS ENDED MARCH 31, 2025 AND 2024 (Unaudited)

| (in thousands)                                                                                                                                                                                                                                                                                                         |     |  Quarter Ended 
 March 31, 2025 |     |  Quarter Ended 
 March 31, 2024 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|---------------:|:----|---------------:|
| NET INCOME (LOSS)                                                                                                                                                                                                                                                                                                      |     |        $43,791 |     |     $(113,293) |
| Other comprehensive income, net of tax:                                                                                                                                                                                                                                                                                |     |                |     |                |
| Net change in unrealized gain (loss) on securities available-for-sale, net of tax (expense) benefit of ($11,310) and $3,156 for the quarters ended March 31, 2025 and 2024, respectively.                                                                                                                              |     |         27,933 |     |         -6,175 |
| Reclassification adjustment for accretion of unrealized holding loss included in accumulated other comprehensive income from the transfer of securities from available-for-sale to held-to-maturity debt securities, net of tax expense of $181 and $186 for the quarters ended March 31, 2025 and 2024, respectively. |     |            446 |     |            464 |
| Reclassification adjustment for net realized loss on securities available-for-sale included in net income, net of tax expense of $0 and $59,716 for quarters ended March 31, 2025 and 2024, respectively.                                                                                                              |     |              — |     |        147,487 |
| Change in defined benefit pension liability obligations, net of tax (expense) benefit of ($21) and $9 for the quarters ended March 31, 2025 and 2024 respectively.                                                                                                                                                     |     |             52 |