Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 233

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 233
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| Deposits                                              |     | 68.5%      |     | 31.5%      |
| Non-Interest Bearing Deposits                         |     | 82.4%      |     | 17.6%      |
| Tangible Common Equity                                |     | 78.5%      |     | 21.5%      |
| Tangible Common Equity (adj. for fair value marks)(3) |     | 80.2%      |     | 19.8%      |
| Income Statement:                                     |     |            |     |            |
| 2023 Core Earnings(4)                                 |     | 96.6%      |     | 3.4%       |
| 2024 Core Earnings(4)(5)                              |     | NM(7)      |     | NM         |
| 2025 Estimated Earnings(6)                            |     | 96.5%      |     | 3.5%       |
| 2026 Estimated Earnings(6)                            |     | 86.9%      |     | 13.1%      |

| (1) | Based on the 18,920,807.6 shares of HomeStreet common stock outstanding as of 3/27/2025, 151,927 unvested HomeStreet restricted stock units and 243,096 unvested HomeStreet performance stock units as of 3/27/2025, the product of (i) the Class A exchange ratio and (ii) 64,230.0724 Mechanics common shares outstanding at 3/27/2025 and 134.73 restricted stock units of Mechanics as of 3/27/2025. |

| (2) | Market capitalization as of 3/27/2025. Based on 18,920,807.6 HomeStreet common shares outstanding as of 3/27/2025 and 64,230.0724 Mechanics common shares outstanding at 3/27/2025 and calculated based on publicly available information regarding the price of HomeStreet common stock and Mechanics common stock. |

| (3) | Adjusted tangible book value per share based on 12/31/2024 balance sheet and 12/31/2024 fair value marks as disclosed in HomeStreet’s 2024 10-K filing and Mechanics’ 2024 Annual Report. |

| (4) | Based on core net