Loading financials from SEC filings…
Banks · Financial Services · Fiscal year ends Dec 31
Mechanics Bancorp reported revenue of $50M in the fiscal year ended Dec 2025, up 3.3% from the year before. Net income was $266M. Operating cash flow of $194M less capital expenditure of $7M left free cash flow of $187M. It held more cash than debt (net cash $838M).
Ranks among the 59 banks companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | – | – | – | 48.1 | 49.7 |
| Net interest incomeBanks | 227 | 233 | 167 | 519 | 586 |
| Interest expense | 17.2 | 71.0 | 233 | 217 | 226 |
| Pre-tax income | 147 | 84.7 | −32.8 | 35.7 | 320 |
| Income tax | 31.3 | 18.1 | −5.2 | 6.7 | 53.8 |
| Net income | 115 | 66.5 | −27.5 | 29.0 | 266 |
| Diluted EPS | 5.46 | 3.49 | −1.46 | 0.14 | 1.27 |
| Diluted shares | 21.1 | 19.0 | 18.8 | 202 | 209 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 65.2 | 72.8 | 216 | 1,000 | 1,030 |
| Net PP&E | 58.2 | 51.2 | 53.6 | 117 | 144 |
| Goodwill | – | 27.9 | 0.0 | 843 | 843 |
| Total assets | 7,204 | 9,365 | 9,392 | 16,490 | 22,351 |
| Short-term debt | 41.0 | 1,016 | 1,745 | 1,000 | 0.0 |
| Long-term debt | 126 | 224 | 225 | 0.0 | 192 |
| DepositsBanks | 6,147 | 7,452 | 6,763 | 13,942 | 19,025 |
| Total liabilities | 6,489 | 8,803 | 8,854 | 14,188 | 19,489 |
| Shareholders' equity | 715 | 562 | 2,236 | 2,302 | 2,862 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 173 | 218 | 8.0 | 292 | 194 |
| Capital expenditure | 2.9 | 6.8 | 3.8 | 6.4 | 6.5 |
| Free cash flow | 170 | 212 | 4.2 | 286 | 187 |
| Depreciation & amortisation | 9.9 | 9.7 | 7.1 | 6.6 | 10.6 |
| Stock-based compensation | 3.4 | 4.1 | 3.6 | 4.6 | 5.6 |
| Acquisitions | 0.0 | – | – | – | – |
| Share buybacks | 84.2 | 75.0 | 0.0 | – | – |
| Dividends paid | 21.3 | 26.8 | 12.3 | 95.0 | 48.6 |
| Dividend per share | 1.00 | 1.40 | 0.65 | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | – | – | – | 3.3% |
| EPS growth (YoY) | – | −36.1% | −141.8% | – | 807.1% |
| Net margin | – | – | – | 60.3% | 534.4% |
| Return on equityBlank when equity is negative | 16.1% | 11.8% | −1.2% | 1.3% | 9.3% |
| Free cash flow margin | – | – | – | 594.0% | 376.2% |
| Cash conversion (CFO ÷ net income) | 1.50x | 3.28x | −0.29x | 10.1x | 0.73x |
| Debt ÷ equity | 0.23x | 2.21x | 0.88x | 0.43x | 0.07x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 102 | 1,168 | 1,754 | 0.3 | −838 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.