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Complete financial analysis of Mechanics Bank (MCHB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mechanics Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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Mechanics Bank (MCHB)
About Mechanics Bank
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-family lending, commercial real estate loans, owner-occupied real estate loans, equipment financing, and trade services and letters of credit; and small business administration loans. In addition, the company offers credit and debit cards; payable and receivable solutions, fraud prevention, and cash management services; merchant and payroll services, paycheck protection program solutions, and workplace benefit plans; foreign currency, cashier's checks, wire transfers, overdraft, deposit and treasury, trust and estate, investment and asset management, retirement planning, and wealth management services; and online and mobile banking services. It operates through a network of 115 branch locations in the Greater San Francisco, Sacramento, Los Angeles, and San Diego areas, as well as Central Valley in California. Mechanics Bank was founded in 1905 and is headquartered in Walnut Creek, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 636.83M | 694.97M | 692.08M | 647.47M | 429.87M | 278.52M | 265.62M | 175.05M | 118.62M | 111.30M | 107.41M | 110.92M | 106.41M |
| Cost of Revenue | -1.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 638.79M | 694.97M | 692.08M | 647.47M | 429.87M | 278.52M | 265.62M | 175.05M | 118.62M | 111.30M | 107.41M | 110.92M | 106.41M |
| Gross Profit Ratio | 100.31% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 200.99M | 205.92M | 221.86M | 229.95M | 160.42M | 104.46M | 105.75M | 65.11M | 49.02M | 44.07M | 42.29M | 41.97M | 39.56M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 200.99M | 205.92M | 221.86M | 229.95M | 160.42M | 104.46M | 105.75M | 65.11M | 49.02M | 44.07M | 42.29M | 41.97M | 39.56M |
| Other Expenses | 435.84M | -578.92M | -627.99M | -775.39M | -511.97M | -289.44M | -305.64M | -182.92M | -130.47M | -120.24M | -114.02M | -112.21M | -105.79M |
| Operating Expenses | 636.83M | -372.99M | -406.13M | -545.45M | -351.55M | -184.98M | -199.89M | -117.80M | -81.45M | -76.17M | -71.73M | -70.23M | -66.23M |
| Cost & Expenses | 636.83M | -372.99M | -406.13M | -545.45M | -351.55M | -184.98M | -199.89M | -117.80M | -81.45M | -76.17M | -71.73M | -70.23M | -66.23M |
| Interest Income | 718.96M | 651.07M | 632.07M | 611.36M | 406.58M | 256.66M | 226.99M | 143.93M | 158.45M | 135.43M | 118.46M | 121.04M | 125.70M |
| Interest Expense | 155.75M | 19.84M | 10.92M | 36.12M | 37.61M | 21.36M | 9.52M | 2.85M | 58.95M | 41.01M | 26.48M | 26.10M | 33.76M |
| Depreciation & Amortization | 27.99M | 31.66M | 38.21M | 45.30M | 24.52M | 13.77M | 14.83M | 11.04M | 3.86M | 3.62M | 3.71M | 3.52M | 3.54M |
| EBITDA | 305.93M | 333.80M | 324.15M | -28.38M | -16.89M | -7.48M | -7.09M | -5.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 48.04% | 50.89% | 46.84% | 22.75% | 23.92% | 38.53% | 30.33% | 39.01% | 84.28% | 71.66% | 61.33% | 63.39% | 72.81% |
| Operating Income | 295.26M | 321.97M | 285.95M | 102.03M | 78.32M | 93.54M | 65.73M | 57.25M | 37.17M | 35.13M | 35.68M | 40.69M | 40.17M |
| Operating Income Ratio | 46.36% | 46.33% | 41.32% | 15.76% | 18.22% | 33.58% | 24.75% | 32.70% | 31.33% | 31.56% | 33.22% | 36.68% | 37.76% |
| Total Other Income/Expenses | -17.32M | -20.67M | -24.28M | -28.38M | -16.89M | -7.48M | -7.09M | -5.23M | -651.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Income Before Tax | 277.94M | 302.13M | 285.95M | 102.03M | 78.32M | 72.18M | 56.21M | 54.40M | 37.17M | 35.13M | 35.68M | 40.69M | 40.17M |
| Income Before Tax Ratio | 43.64% | 43.47% | 41.32% | 15.76% | 18.22% | 25.92% | 21.16% | 31.07% | 31.33% | 31.56% | 33.22% | 36.68% | 37.76% |
| Income Tax Expense | 76.03M | 85.55M | 79.94M | 8.56M | 20.59M | 20.17M | 24.38M | 20.60M | 10.66M | 10.02M | 11.57M | 13.85M | 13.56M |
| Net Income | 201.91M | 216.58M | 206.01M | 93.46M | 57.73M | 52.01M | 31.83M | 33.80M | 26.51M | 25.11M | 24.11M | 26.84M | 26.62M |
| Net Income Ratio | 31.71% | 31.16% | 29.77% | 14.44% | 13.43% | 18.67% | 11.98% | 19.31% | 22.34% | 22.56% | 22.45% | 24.20% | 25.01% |
| EPS | 3.14K | 3.37K | 3.21K | 1.46K | 1.44K | 1.89K | 1.16K | 1.58K | 962.57 | 904.93 | 848.43 | 944.50 | 936.60 |
| EPS Diluted | 3.14K | 3.37K | 3.21K | 1.46K | 1.44K | 1.89K | 1.16K | 1.58K | 962.57 | 904.93 | 848.43 | 944.50 | 936.60 |
| Weighted Avg Shares Out | 64.23K | 64.22K | 64.22K | 64.22K | 40.18K | 27.55K | 27.55K | 21.43K | 27.54K | 27.75K | 28.42K | 28.42K | 28.42K |
| Weighted Avg Shares Out (Dil) | 64.23K | 64.22K | 64.22K | 64.22K | 40.18K | 27.55K | 27.55K | 21.43K | 27.54K | 27.75K | 28.42K | 28.42K | 28.42K |
Robbin Preciado Joins Mechanics Bank to Lead Retail-Banking Business
Source: https://incomestatements.info
Category: Stock Reports