Mechanics Bancorp (MCHB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Mechanics Bancorp

NasdaqGS•Financial Services•Banks - Regional

$15.33-0.18(-0.01%)Pre-market

Market Cap

$3.43B

P/E

9.1x

P/S

2.5x

P/B

1.3x

Mechanics Bancorp operates as the holding company for Mechanics Bank that provides banking services in California, Oregon, Washington, and Hawaii.It offers various checking and savings accounts, retirement accounts, money market accounts, time certificates of deposit, and safe deposit boxes. The company also provides home loans, auto loans, term loans and lines of credit, owner occupied real estate lending services, small business lending loans, multi-family lending services; mortgage and consumer lending loans; commercial real estate loans; residential construction loans; private banking, such as loan program, personal lines of credit and investment management and trust lines of credit. In addition, it offers unsecured consumer installment loans and personal reserve accounts; automated bill payments, remote and mobile deposit capture, automated clearing house origination, wire transfer, lockbox, payee positive pay, and direct deposit; digital banking. Further, the company provides real estate, escrow services, title, labor unions, nonprofits and property management services. Mechanics Bancorp was founded in 1905 and is headquartered in Walnut Creek, California.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability23/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality20/25

Strengths

Growing revenueStrong marginsRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.1x5y range 6.2x – 47.3x

Currently near its 11-quarter median.

P/S · 2.5x5y range 0.3x – 5.3x

Currently above its 20-quarter median.

P/B · 1.3x5y range 0.2x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.43B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.36B
Q. Revenue: $261.74M
TTM EBITDA: $505.62M
TTM Op. Income: $460.54M
Q. Op. Income: $77.40M
TTM Net Income: $376.41M
Q. Net Income: $57.70M
EPS: $0.26
Shares Out.: $222.26M

$1.36B in TTM revenue grew 315.8% YoY, reaching $261.74M last quarter. TTM EBITDA of $505.62M and TTM operating income of $460.54M show growth is flowing through to the bottom line. TTM net income of $376.41M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 76.8%
EBITDA Margin: 32.3%
Op. Margin: 29.6%
Net Margin: 22.0%

Op. margin of 29.6% is up 28.3% YoY — cost efficiency is improving. Net margin at 22.0% and gross margin of 76.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 2281% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.1x
P/S Ratio: 2.5x
P/B Ratio: 1.3x

At 9.1x P/E, the stock trades below typical market levels. P/S of 2.5x and P/B of 1.3x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $21.23B
Cash: $553.91M
Long-Term Debt: $130.42M
Book Value: $2.69B
D/E Ratio: 0.0
Debt/EBITDA: 1.5

With $21.23B in assets and $130.42M in long-term debt, D/E is 0.0and book value is $2.69B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 91% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $52.79M
TTM Free Cash Flow: $277.93M
FCF Margin: 20.4%
FCF / Net Income: 0.7

TTM FCF of $277.93M on $52.79M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.