MCHB

MKT CAP:$3B

Mechanics Bank

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$15.45+$0.72 (+4.89%)

Apr 23, 2026

Company Details

Mechanics Bank provides various financial services for individual clients, and small and middle-market businesses. The company offers checking and savings accounts. It also provides home and auto loans; term loans and lines of credit, multi...

CEO

C. J. Johnson

IPO Date

May 1, 2007

Website

www.mechanicsbank.com

Key Metrics TTM

Revenue

$302M

-27.6% YoY

Net Income

-$138M

EPS (Diluted)

-$7,339.72

Free Cash Flow

-$47M

Revenue / Share

$15,936.10

Gross Margin

17.2%

Operating Margin

-36.5%

Net Margin

-45.9%

FCF Margin

-15.7%

P/S

11.2x

P/E

—

Earnings Reports

Q3 2025

Apr 27, 2026

PENDING

Q2 2025

Aug 6, 2025

$91M-15.1%EPS -$233.18

Q1 2025

May 8, 2025

$90M-13.7%EPS -$235.98

FY 2024

Mar 7, 2025

$328M-20.3%EPS -$7,654.66

Q4 2024

Mar 7, 2025

$14M-86.9%EPS -$6,539.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$84M	$83M	$37M
Q3 21	$79M	$80M	$35M
Q4 21	$82M	$84M	$38M
Q1 22	$68M	$72M	$25M
Q2 22	$73M	$65M	$22M
Q3 22	$90M	$69M	$26M
Q4 22	$96M	$53M	$11M
Q1 23	$100M	$52M	$6M
Q2 23	$104M	$47M	-$37M
Q3 23	$104M	$43M	$1M
Q4 23	$105M	$38M	-$4M
Q1 24	$105M	$34M	-$11M
Q2 24	$107M	$35M	-$8M
Q4 24	$14M	-$56M	-$92M
Q1 25	$90M	$37M	-$5M
Q2 25	$91M	$36M	-$5M

Valuation

Quarter	P/S	P/E
Q2 21	0.0x	0.0x
Q3 21	0.0x	0.0x
Q4 21	0.0x	0.0x
Q1 22	0.0x	0.0x
Q2 22	0.0x	0.0x
Q3 22	0.0x	0.0x
Q4 22	0.0x	0.0x
Q1 23	0.0x	0.0x
Q2 23	0.0x	0.0x
Q3 23	0.0x	—
Q4 23	0.0x	—
Q1 24	0.0x	—
Q2 24	0.0x	—
Q4 24	0.0x	—
Q1 25	0.0x	—
Q2 25	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$57M	$57M
Q3 21	$127M	$127M
Q4 21	-$9M	-$12M
Q1 22	$124M	$122M
Q2 22	$21M	$21M
Q3 22	$64M	$61M
Q4 22	$9M	$7M
Q1 23	-$52M	-$52M
Q2 23	$21M	$19M
Q3 23	$29M	$29M
Q4 23	$10M	$8M
Q1 24	-$8M	-$14M
Q2 24	-$22M	-$22M
Q4 24	$1M	$7M
Q1 25	-$23M	-$23M
Q2 25	-$10M	-$10M

Capital Expenditures

Quarter	CapEx
Q2 21	$296.0K
Q3 21	$25.0K
Q4 21	$2M
Q1 22	$1M
Q2 22	$570.0K
Q3 22	$3M
Q4 22	$2M
Q1 23	$855.0K
Q2 23	$1M
Q3 23	$634.0K
Q4 23	$1M
Q1 24	$6M
Q2 24	$289.0K
Q4 24	$6M
Q1 25	$53.0K
Q2 25	$96.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	-8.2%	-31.2%
Q3 21	-14.8%	-25.1%
Q4 21	-16.9%	-30.1%
Q1 22	-26.4%	-22.0%
Q2 22	-12.7%	+9.4%
Q3 22	+13.8%	+43.9%
Q4 22	+16.3%	+89.8%
Q1 23	+48.2%	+118.3%
Q2 23	+42.0%	+177.6%
Q3 23	+15.5%	+61.6%
Q4 23	+9.2%	+28.3%
Q1 24	+4.6%	+23.1%
Q2 24	+3.1%	-18.1%
Q4 24	-86.7%	+3.9%
Q1 25	-13.6%	-12.4%
Q2 25	-13.3%	-17.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$855.0K	1.0%
Q3 21	$892.0K	1.1%
Q4 21	$841.0K	1.0%
Q1 22	$1M	1.6%
Q2 22	$1M	1.7%
Q3 22	$942.0K	1.1%
Q4 22	$867.0K	0.9%
Q1 23	$1M	1.0%
Q2 23	$968.0K	0.9%
Q3 23	$712.0K	0.7%
Q4 23	$917.0K	0.9%
Q1 24	$1M	1.0%
Q2 24	$907.0K	0.8%
Q4 24	$540.0K	3.9%
Q1 25	$592.0K	0.7%
Q2 25	$608.0K	0.7%

OpEx Breakdown

Quarter	G&A
Q2 21	$40M
Q3 21	$39M
Q4 21	$41M
Q1 22	$41M
Q2 22	$37M
Q3 22	$37M
Q4 22	$36M
Q1 23	$40M
Q2 23	$38M
Q3 23	$36M
Q4 23	$36M
Q1 24	$39M
Q2 24	$38M
Q4 24	$31M
Q1 25	$37M
Q2 25	$17M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$74M	$0	$74M
Q2 22	$75M	$0	$75M
Q3 22	$57M	$0	$57M
Q4 22	$73M	$0	$73M
Q1 23	$377M	$0	$377M
Q2 23	$173M	$0	$173M
Q3 23	$227M	$0	$227M
Q4 23	$216M	$0	$216M
Q1 24	$320M	$0	$320M
Q2 24	$219M	$0	$219M
Q3 24	$206M	$0	$206M
Q4 24	$407M	$0	$407M
Q1 25	$252M	$0	$252M
Q2 25	$201M	$1.0B	$1.2B
Q3 25	$1.4B	$3.5B	$4.9B
Q4 25	$1.0B	$4.0B	$5.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	21K	-2.7%	-9.7%
Q3 21	21K	-2.1%	-9.1%
Q4 21	20K	-1.8%	-7.1%
Q1 22	20K	-3.3%	-9.5%
Q2 22	19K	-4.5%	-11.2%
Q3 22	19K	+0.1%	-9.2%
Q4 22	19K	+0.1%	-7.5%
Q1 23	19K	+0.1%	-4.2%
Q2 23	19K	+0.1%	+0.4%
Q3 23	19K	+0.1%	+0.4%
Q4 23	19K	+0.1%	+0.4%
Q1 24	19K	+0.3%	+0.5%
Q2 24	19K	+0.0%	+0.4%
Q4 24	19K	0.0%	+0.4%
Q1 25	19K	+0.3%	+0.6%
Q2 25	19K	0.0%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$81.1K	1K
Q3 21	$76.5K	1K
Q4 21	$83.6K	984
Q1 22	$68.6K	984
Q2 22	$74.1K	984
Q3 22	$91.1K	984
Q4 22	$102.2K	937
Q1 23	$106.8K	937
Q2 23	$110.5K	937
Q3 23	$110.6K	937
Q4 23	$118.4K	883
Q1 24	$118.5K	883
Q2 24	$120.9K	883
Q4 24	$17.5K	787
Q1 25	$114.8K	787
Q2 25	$115.2K	787

Revenue / Employee