A Business at a Glance
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Mechanics Bancorp
MCHB
$3.3B
Mkt Cap
$15.68
-1.63%
Mechanics Bancorp (MCHB) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
Mechanics Bancorp (MCHB) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Yes, Mechanics Bancorp (MCHB) pays a dividend with a trailing twelve-month yield of 1.48%.
Mechanics Bancorp (MCHB) operates in the State Commercial Banks industry, within the Financials sector.
Mechanics Bancorp (MCHB) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Mechanics Bancorp (MCHB) has a net profit margin of 25.7%. This is a strong margin indicating high profitability.
Mechanics Bancorp (MCHB) generated $187 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Unless we state otherwise or the context otherwise requires, references in this Form 10-K to "we," "our," and “us” refer to HomeStreet, Inc., a Washington corporation ("HomeStreet," or the "Company,") and its consolidated subsidiary, HomeStreet Bank (the "Bank"). We are a diversified financial services company with offices in Washington, Oregon, California, Hawaii, Utah and Idaho serving customers throughout the western United States. We were founded in 1921 and are headquartered in Seattle, Washington. We provide commercial banking products and services to small and medium sized businesses, real estate investors and professional firms and consumer banking products and services to individuals. As of December 31, 2024, we had $8.1 billion in total assets, $6.2 billion of loans and $6.4 billion of deposits. With the exception of the updates provided below, the information required under Part I. Item 1.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 597M | 442M | 356M | 364M |
| Net Income | 266M | 266M | 29M | -28M | 67M | 115M |
| EPS | $1.27 | $1.27 | $1.54 | $-1.46 | $3.49 | $5.46 |
| Free Cash Flow | 187M | 187M | 286M | 4.2M | 212M | 170M |
| ROIC | 8.7% | 9.9% | 1.2% | -1.7% | 8.2% | 13.7% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.07 | 0.07 | 0.43 | 0.88 | 2.21 | 0.23 |
| Dividends/Share | $0.23 | $0.23 | $5.04 | $0.65 | $1.40 | $1.00 |
| Operating Income | 15M | 15M | 16M | 9.8M | 13M | 12M |
| Operating Margin | 1.5% | 1.5% | 2.7% | 2.2% | 3.5% | 3.4% |
| ROE | 9.3% | 10.3% | 1.3% | -2.0% | 10.4% | 16.1% |
| Shares Outstanding | 209M | 209M | 19M | 19M | 19M | 21M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 297M | 446M | 569M | 255M | 288M | 352M | 401M | 364M | 356M | 442M | 597M | 1.0B | 1.0B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 163M | 241M | 303M | 102M | 107M | 124M | 137M | 132M | 116M | 111M | 191M | 219M | 219M |
| EBIT | 33M | 57M | 91M | 26M | 12M | 13M | 10M | 12M | 13M | 9.8M | 16M | 15M | 15M |
| Op. Margin | 11.2% | 12.7% | 16.0% | 10.1% | 4.1% | 3.6% | 2.5% | 3.4% | 3.5% | 2.2% | 2.7% | 1.5% | 1.5% |
| Net Income | 22M | 41M | 58M | 69M | 40M | 17M | 80M | 115M | 67M | -28M | 29M | 266M | 266M |
| Net Margin | 7.5% | 9.3% | 10.2% | 27.0% | 13.9% | 4.8% | 19.9% | 31.7% | 18.7% | -6.2% | 4.9% | 25.7% | 25.7% |
| Non-Recurring | 69K | -61K | -253K | 3.7M | 6.2M | 11M | 12M | 0 | 0 | 40M | 804K | -100K | -100K |
| Returns on Capital | |||||||||||||
| ROIC | 6.4% | 9.3% | 9.1% | 8.7% | 4.7% | 2.0% | 9.7% | 13.7% | 8.2% | -1.7% | 1.2% | 9.9% | 8.7% |
| ROE | 7.8% | 10.8% | 10.6% | 10.3% | 5.5% | 2.4% | 11.4% | 16.1% | 10.4% | -2.0% | 1.3% | 10.3% | 9.3% |
| ROA | 0.7% | 1.0% | 1.0% | 1.1% | 0.6% | 0.2% | 1.1% | 1.6% | 0.8% | -0.3% | 0.2% | 1.4% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 349M | 8.3M | -45M | 159M | 286M | 259M | -26M | 173M | 218M | 8.0M | 292M | 194M | 194M |
| Free Cash Flow | 329M | -12M | -69M | 117M | 276M | 257M | -29M | 170M | 212M | 4.2M | 286M | 187M | 187M |
| Owner Earnings | 340M | -3.6M | -58M | 143M | 269M | 248M | -30M | 168M | 213M | 1.5M | 265M | 160M | 160M |
| CapEx | 20M | 21M | 24M | 42M | 9.7M | 2.3M | 3.3M | 2.9M | 6.8M | 3.8M | 6.4M | 6.5M | 6.5M |
| Maint. CapEx | 7.4M | 11M | 11M | 14M | 14M | 11M | 1.4M | 1.2M | 963K | 3.0M | 23M | 28M | 28M |
| Growth CapEx | 12M | 9.7M | 13M | 29M | 0 | 0 | 1.9M | 1.8M | 5.8M | 860K | 0 | 0 | 0 |
| D&A | 7.4M | 11M | 11M | 14M | 14M | 11M | 1.4M | 1.2M | 963K | 3.0M | 23M | 28M | 28M |
| CapEx/OCF | N/A | 247.4% | N/A | 26.5% | 3.4% | 0.9% | N/A | 1.7% | 3.1% | 47.5% | N/A | N/A | 3.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.6M | 0 | 0 | 0 | 0 | 0 | 14M | 21M | 27M | 12M | 95M | 49M | 49M |
| Dividend Yield | 0.7% | N/A | N/A | N/A | N/A | N/A | 2.5% | 2.7% | 4.0% | 5.4% | 39.8% | N/A | 1.5% |
| Share Buybacks | 0 | 0 | 0 | 45K | 0 | 99M | 58M | 84M | 75M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 12.6% | 8.5% | 8.5% | 15.4% | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 1.5M | 1.1M | 2.1M | 2.9M | 3.4M | 163K | 2.7M | 3.4M | 4.1M | 3.6M | 4.6M | 5.6M | 5.6M |
| Debt Repayment | 3.5M | 0 | 0 | 0 | 4.0M | 424M | 143M | 282M | 25M | 84M | 100M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 3.7B | 6.7B | 8.2B | 7.3B | -781M | -399M | -682M | -901M | -233M | -766M | -1.1B | -838M | -838M |
| Cash & Equiv. | 31M | 35M | 56M | 74M | 59M | 58M | 58M | 65M | 73M | 1.5B | 1000M | 1.0B | 1.0B |
| Long-Term Debt | 62M | 62M | 125M | 125M | 125M | 126M | 126M | 126M | 224M | 225M | 0 | 192M | 192M |
| Debt/Equity | 13.64 | 15.63 | 14.71 | 11.65 | 0.18 | 0.88 | 0.63 | 0.23 | 2.21 | 0.88 | 0.43 | 0.07 | 0.07 |
| Interest Coverage | 3.6 | 4.4 | 4.1 | 2.5 | 1.7 | 0.1 | 0.2 | 0.7 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 |
| Equity | 302M | 465M | 629M | 704M | 740M | 680M | 718M | 715M | 562M | 2.2B | 2.3B | 2.9B | 2.9B |
| Total Assets | 3.5B | 4.9B | 6.2B | 6.7B | 7.0B | 6.8B | 7.2B | 7.2B | 9.4B | 9.4B | 16.5B | 22.4B | 22.4B |
| Total Liabilities | 3.2B | 4.4B | 5.6B | 6.0B | 6.3B | 6.1B | 6.5B | 6.5B | 8.8B | 8.9B | 14.2B | 19.5B | 19.5B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 5.8M | 0 | 0 | 2.1M | 9.6M | 39M | 212M | 212M |
| Retained Earnings | 204M | 245M | 303M | 372M | 412M | 375M | 404M | 444M | 435M | 395M | 240M | 457M | 457M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | 78M | 117M | 191M | 172M | 170M | 193M | 249M | 175M | 110M | 121M | 89M | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 1.49 | 1.96 | 2.34 | 2.54 | 1.47 | 0.65 | 3.47 | 5.46 | 3.49 | -1.46 | 1.54 | 1.27 | 1.27 |
| Owner EPS | 22.74 | -0.17 | -2.34 | 5.27 | 9.87 | 9.55 | -1.28 | 7.97 | 11.19 | 0.08 | 14.04 | 0.77 | 0.77 |
| Book Value | 20.23 | 22.07 | 25.32 | 25.95 | 27.16 | 26.20 | 31.14 | 33.84 | 29.48 | 118.66 | 122.07 | 13.68 | 13.68 |
| Cash Flow/Share | 23.34 | 0.39 | -1.80 | 5.87 | 10.50 | 9.98 | -1.11 | 8.19 | 11.45 | 0.43 | 15.50 | 0.93 | 1.40 |
| Dividends/Share | 0.11 | 0.00 | 0.00 | N/A | 0.00 | 0.00 | 0.60 | 1.00 | 1.40 | 0.65 | 5.04 | 0.23 | 0.23 |
| Shares Out. | 14.9M | 21.1M | 24.9M | 27.1M | 27.2M | 25.9M | 23.1M | 21.1M | 19.1M | 18.8M | 18.9M | 209.2M | 209.2M |
| Valuation | |||||||||||||
| P/E Ratio | 10.0 | 9.7 | 11.7 | 9.7 | 12.6 | 44.8 | 8.5 | 8.5 | 7.3 | N/A | N/A | N/A | 12.3 |
| P/FCF | 0.7 | N/A | N/A | 5.7 | 1.8 | 2.9 | N/A | 5.8 | 2.3 | 47.5 | 0.7 | N/A | 17.5 |
| EV/EBIT | 5.5 | 5.8 | 6.2 | 6.6 | 5.5 | 105.1 | 104.8 | 87.9 | 131.2 | 199.9 | 91.9 | N/A | 158.6 |
| Price/Book | 0.7 | 0.9 | 1.1 | 0.9 | 0.7 | 1.2 | 0.9 | 1.4 | 0.9 | 0.4 | 0.5 | N/A | 1.1 |
| Price/Sales | 0.8 | 0.9 | 0.9 | 1.3 | 2.9 | 2.5 | 1.5 | 2.3 | 2.4 | 1.1 | 3.2 | N/A | 3.2 |
| FCF Yield | 147.4% | -3.1% | -10.2% | 17.6% | 54.7% | 32.7% | -4.2% | 17.3% | 43.5% | 2.1% | 137.7% | N/A | 5.7% |
| Market Cap | 223M | 400M | 678M | 667M | 505M | 784M | 681M | 985M | 487M | 200M | 208M | 0 | 3.3B |
| Avg. Price | 15.45 | 17.98 | 19.95 | 23.64 | 23.97 | 24.32 | 24.04 | 38.02 | 35.31 | 12.13 | 12.65 | 0.00 | 15.68 |
| Year-End Price | 14.93 | 18.97 | 27.27 | 24.56 | 18.56 | 29.11 | 29.54 | 46.59 | 25.52 | 10.63 | 11.01 | 0.00 | 15.68 |
Mechanics Bancorp passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 41.2x vs a median of 2.9x. The company's 5-year average ROIC is 6.3%. Total shareholder yield (dividends) is 1.5%. At current prices, the estimated annualized return to fair value is -35.6%.
Mechanics Bancorp (MCHB) has a debt-to-equity ratio of 0.07. This indicates a conservatively financed balance sheet.
Mechanics Bancorp (MCHB) reported earnings per share (EPS) of $1.27 in its most recent fiscal year.
Mechanics Bancorp (MCHB) has a return on equity (ROE) of 10.3%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for Mechanics Bancorp (MCHB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mechanics Bancorp (MCHB) has a book value per share of $13.68, based on its most recent annual SEC filing.