Mechanics Bank (MCHB) financial statements
Mechanics Bank reported revenue of $50M in fiscal 2025, down 23.3% a year over 9 years.
Net income was $266M.
Free cash flow was $187M, and the company returned $49M in dividends.
The diluted share count rose 740% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Mechanics Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $539M | $217M | $226M | $264M | $358M | $347M | $285M | $209M | $48M | $50M |
| Selling, general and admin | $63M | $38M | $41M | $38M | $36M | $36M | $42M | $43M | $40M | — |
| Interest expense | $29M | $38M | $61M | $88M | $43M | $17M | $71M | $233M | — | — |
| Pre-tax income | $91M | $26M | $28M | $49M | $102M | $147M | $85M | -$33M | $36M | $320M |
| Income tax | $33M | -$17M | $2M | $8M | $22M | $31M | $18M | -$5M | $7M | $54M |
| Net income | $58M | $69M | $40M | $18M | $80M | $115M | $67M | -$28M | $29M | $266M |
| EPS (diluted) | $2.34 | $2.54 | $1.47 | $0.65 | $3.47 | $5.46 | $3.49 | -$1.46 | $0.14 | $1.27 |
| Diluted shares | 25M | 27M | 27M | 26M | 23M | 21M | 19M | 19M | 202M | 209M |
| Net margin | 10.8% | 31.8% | 17.7% | 6.6% | 22.3% | 33.3% | 23.4% | -13.2% | 60.3% | 534.4% |
Balance sheet
Fiscal years, from Mechanics Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $54M | $73M | $58M | $58M | $58M | $65M | $73M | $216M | $1000M | $1.0B |
| Property, plant and equipment | $78M | $105M | $88M | $77M | $65M | $58M | $51M | $54M | $117M | $144M |
| Goodwill | $22M | $23M | $23M | $28M | — | — | $28M | $0 | $843M | $843M |
| Total assets | $6.2B | $6.7B | $7.0B | $6.8B | $7.2B | $7.2B | $9.4B | $9.4B | $16.5B | $22.4B |
| Total liabilities | $5.6B | $6.0B | $6.3B | $6.1B | $6.5B | $6.5B | $8.8B | $8.9B | $14.2B | $19.5B |
| Shareholders' equity | $629M | $704M | $740M | $680M | $718M | $715M | $562M | $2.2B | $2.3B | $2.9B |
| Net debt | -$54M | -$73M | -$58M | -$58M | -$58M | -$65M | -$73M | -$216M | -$1000M | -$1.0B |
Cash flow
Fiscal years, from Mechanics Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$45M | $159M | $286M | $259M | -$26M | $173M | $218M | $8M | $292M | $194M |
| Capital spending | $24M | $42M | $10M | $2M | $3M | $3M | $7M | $4M | $6M | $7M |
| Free cash flow | -$69M | $117M | $276M | $257M | -$29M | $170M | $212M | $4M | $286M | $187M |
| Stock-based compensation | $2M | $3M | $3M | -$163,000 | $3M | $3M | $4M | $4M | $5M | $6M |
| Dividends paid | $0 | — | $0 | $0 | $14M | $21M | $27M | $12M | $95M | $49M |
| Share buybacks (net) | — | — | $0 | -$99M | -$58M | -$84M | -$75M | $0 | — | — |
| Net borrowing | $63M | -$65,000 | $0 | $0 | $0 | $0 | $98M | $0 | — | — |
| Free cash flow margin | -12.8% | 53.9% | 122.0% | 97.3% | -8.1% | 49.0% | 74.3% | 2.0% | 594.0% | 376.2% |
| Dividends per share | — | — | — | — | $0.60 | $1.01 | $1.41 | $0.66 | $0.47 | $0.23 |
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Open MCHB in InvestinglyQuestions
What was Mechanics Bank's revenue in 2025?
$50M in fiscal 2025, from its 10-K filing.
How much free cash flow does Mechanics Bank generate?
$187M in fiscal 2025 (operating cash flow minus capital spending).
From Mechanics Bank's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.