Mechanics Bank
mechanicsbank.comWhat Do They Do?
Provides consumer and business banking, lending, and wealth-management services to individuals and businesses.
10-K for FY2025, filed Mar 17, 2026Mechanics Bank. Headquartered in Walnut Creek, California, Mechanics Bank provides a wide range of products and services in consumer and…View ↗
How Do They Make Money?
Deposit customers pay transaction, overdraft and monthly account fees; trust customers pay mainly monthly fees based on assets managed, and ATM and card fees arise as transactions are processed.
10-K for FY2025, filed Mar 17, 2026Service Charges on Deposit Accounts and Other Deposit Service Fees: The Company earns fees from its deposit customers for…View ↗
These fees are primarily earned over time as the Company provides the contracted monthly services and are generally assessed based on a…View ↗
Merchant Processing Services, ATM processing and Debit Card Fees: ATM processing fees are recognized at the point in time that the…View ↗
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10-K for FY2025, filed Mar 17, 2026
FY2025 revenue by product or service ↗
$49.7M
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10-K for FY2025, filed Mar 17, 2026
$49.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service charges on deposit accounts
|
47% |
Service charges on deposit accounts, FY2025
$23.2M Sources
|
|
|
Trust fees and commissions
|
26% |
Trust fees and commissions, FY2025
$13M Sources
|
|
|
ATM network fee income
Usage-based
10-K for FY2025, filed Mar 17, 2026 |
27% |
ATM network fee income, FY2025
$13.5M Sources
|
Usage-based |
Who Are Their Customers?
Serves individual and business banking customers through its branches and directly markets to prospective customers; commercial clients include manufacturers, distributors, wholesalers and professional service companies.
10-K for FY2025, filed Mar 17, 2026Mechanics Bancorp, a Washington corporation, is a financial holding company and primarily operates through 121-year- old Mechanics Bank…View ↗
marketing our services directly to prospective new customers; obtaining new client referrals from existing customers; adding experienced…View ↗
In addition to our main office, as of December 31, 2025, we operated 166 full service branch locations throughoutView ↗
Loans originated by Commercial Banking are generally supported by the cash flows generated from the business operations of the entity to…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 376 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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May 5, 2026
Sold its Fannie Mae DUS business line to Fifth Third
Sources
8-K, filed May 5, 2026
On May 1, 2026, Mechanics Bank, a wholly-owned subsidiary of Mechanics Bancorp, completed the previously announced sale of its Fannie Mae…View ↗
Shrinking. Revenue fell 80% in 4 years, from $244.3M in FY2021 to $49.7M in FY2025, about 33% a year.
HomeStreet joined Mechanics
The older report describes HomeStreet's banking business; the latest says HomeStreet Bank's assets, liabilities and operations became part of Mechanics Bank after the merger.
10-K for FY2022, filed Mar 6, 2023 10-K for FY2025, filed Mar 17, 2026We are a diversified financial services company with offices in Washington, Oregon, California, Hawaii, Utah and Idaho serving customers…View ↗
Mechanics Bank on September 2, 2025, with Mechanics Bank surviving the Merger as a wholly-owned subsidiary of theView ↗
Company, the assets, liabilities and operations of HomeStreet Bank became the assets, liabilities and operations ofView ↗
Mechanics Bank. Headquartered in Walnut Creek, California, Mechanics Bank provides a wide range of products and services in consumer and…View ↗
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