Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 95

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 95
---
)(4,465)(8,877)(13,735)Net income (loss) per fully diluted share(0.23)(0.24)(0.47)(0.73)Core net income (loss): (1)Total(3,050)(2,866)(5,916)(9,810)Core net income (loss) per fully diluted share(0.16)(0.15)(0.31)(0.52)Select Performance Ratios:Return on average equity - annualizedNet income (loss)(4.4)%(4.5)%(4.4)%(5.2)%Core (1)(3.0)%(2.9)%(3.0)%(3.7)%Return on average tangible equity - annualized (1)Net income (loss)(4.1)%(4.2)%(4.1)%(4.9)%Core (1)(2.7)%(2.5)%(2.6)%(3.4)%Return on average assets - annualizedNet income (loss)(0.23)%(0.23)%(0.23)%(0.29)%Core (1)(0.16)%(0.15)%(0.15)%(0.21)%Efficiency ratio (1)93.2 %102.9 %97.8 %114.9 %Net interest margin1.90 %1.82 %1.86 %1.40 %Other dataFull time equivalent employees750 766 758 849 

(1)Return on average tangible equity, core net income (loss), core net income (loss) per fully diluted share, core return on average equity, core return on average tangible equity, core return on average assets and the efficiency ratio are non-GAAP financial measures. For a reconciliation of these measures to the nearest comparable GAAP financial measure or the computation of the measure see “Non-GAAP Financial Measures” elsewhere in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

45

 As of(dollars in thousands)June 30, 2025December 31, 2024Selected Balance Sheet DataLoans held for sale$48,783 $20,312 Loans held for investment, net5,887,333 6,193,053 ACL45,806 38,743 Investment securities1,030,981 1,057