Mechanics Bancorp.
- MCHB ยท Nasdaq
- State Commercial Banks
- Walnut Creek, CA
- 1,971 employees
- CIK 0001518715
Updated from SEC filings through
Top things to know
Executives
- Coleman James Johnson President & CEO 3, 2026-01-05
- Nathan Duda CFO of Mechanics 8-K, 2026-10-28
- Tony P. Kallingal EVP & Chief Banking Officer 4, 2026-03-03
- Christopher D. Pierce EVP & Chief Operating Officer 4, 2026-03-03
- Fernando Pelayo EVP & Chief Accounting Officer 4, 2026-03-03
- Kristie S. Shields EVP & Chief Compliance Counsel 4, 2026-03-03
What leadership is saying
“Our third quarter results reflect the continued execution of our strategic priorities. With the HomeStreet integration behind us, we move forward from a position of strength, focused on building long-term shareholder value through prudent growth and expense management, strong credit quality, and returning capital to shareholders via a market-leading dividend yield”
Earnings press release (8-K Ex. 99.1), filed October 28, 2026
Mechanics Bancorp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Walnut Creek, CA. It trades as MCHB on Nasdaq. Revenue was $49.7M in the fiscal year ending December 31, 2025, +3.3% from the year before. It reported about 1,971 employees. Coleman James Johnson is President & CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $49.7M 10-K, 2026-03-17 | $48.1M 10-K, 2026-03-17 | $400M 10-K, 2025-03-07 | $304M 10-K, 2024-03-06 | $244M 10-K, 2024-03-06 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | $37.2M 10-K, 2025-03-07 | $38.8M 10-K, 2025-03-07 | $35.4M 10-K, 2024-03-06 | $31.6M 10-K, 2024-03-06 |
| Net income | $266M 10-K, 2026-03-17 | $29.0M 10-K, 2026-03-17 | -$27.5M 10-K, 2025-03-07 | $66.5M 10-K, 2024-03-06 | $115M 10-K, 2024-03-06 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Coleman James Johnson | President & CEO | 3, 2026-01-05 |
| Nathan Duda Chief Financial Officer at Mechanics Bank | CFO of Mechanics | 8-K, 2026-10-28 |
| Tony P. Kallingal Executive Vice President Chief Banking Officer | EVP & Chief Banking Officer | 4, 2026-03-03 |
| Christopher D. Pierce | EVP & Chief Operating Officer | 4, 2026-03-03 |
| Fernando Pelayo | EVP & Chief Accounting Officer | 4, 2026-03-03 |
| Kristie S. Shields | EVP & Chief Compliance Counsel | 4, 2026-03-03 |
| Scott A. Givans | EVP & Chief Credit Officer | 4, 2026-03-03 |
| Carl B. Webb | Executive Chairman | 10-K, 2026-03-17 |
| E. Michael Downer | Vice Chairman | 10-K, 2026-03-17 |
| Glenn C. Shrader E.V.P./General Counsel at Mechanics Bank | EVP & General Counsel | 4, 2026-03-03 |
| Adrienne Y. Crowe | Director | 10-K, 2026-03-17 |
| Douglas Downer | Director | 10-K, 2026-03-17 |
| Jon Wilcox | Director | 10-K, 2026-03-17 |
| Kenneth D. Russell | Director | 10-K, 2026-03-17 |
| Nancy D. Pellegrino | Director | 10-K, 2026-03-17 |
| Patricia Cochran | Director | 10-K, 2026-03-17 |
What Mechanics Bancorp does
Mechanics Bancorp, a Washington corporation, is a financial holding company and primarily operates through 121-year- old Mechanics Bank, its wholly-owned subsidiary. Mechanics Bank is a full-service community bank with 166 branches throughout California, Washington, Oregon and Hawaii. Following the strategic Merger of HomeStreet Bank with and into Mechanics Bank on September 2, 2025, with Mechanics Bank surviving the Merger as a wholly-owned subsidiary of the Company, the assets, liabilities and operations of HomeStreet Bank became the assets, liabilities and operations of Mechanics Bank.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 18.9 million (as of August 4, 2025) | 10-Q, August 6, 2025 |
|---|---|---|
| Public float | $238M (as of June 30, 2025) | 10-K, March 17, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting May 28, 2026 (filed April 16, 2026) | DEF 14A, April 16, 2026 |
| Auditor | Crowe LLP (Sacramento, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| June 15, 2026 | Edward Michael Downer Director | Sale | 2 | $30.26 | Form 4, June 17, 2026 |
Recent 8-K events
- 8-K filed 2026-10-28
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-17
- Item 8.01 Other events
- 8-K filed 2026-08-20
- Item 8.01 Other events
- 8-K filed 2026-07-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-01
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-13
- Item 8.01 Other events
- 8-K filed 2026-05-05
- Item 8.01 Other events
- 8-K filed 2026-04-30
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-02-27
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 8.01 Other events
- 8-K filed 2026-01-30
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Mechanics Bancorp
- What does Mechanics Bancorp do?
- In its own words, from Item 1 of its 10-K: "Mechanics Bancorp, a Washington corporation, is a financial holding company and primarily operates through 121-year- old Mechanics Bank, its wholly-owned subsidiary. Mechanics Bank is a full-service community bank with 166 branches throughout California, Washington, Oregon and Hawaii. Following the strategic Merger of HomeStreet Bank with and into Mechanics Bank on September 2, 2025, with Mechanics Bank surviving the Merger as a wholly-owned subsidiary of the Company, the assets, liabilities and operations of HomeStreet Bank became the assets, liabilities and operations of Mechanics Bank."
- What is Mechanics Bancorp's revenue?
- $49.7M for the fiscal year ending December 31, 2025, from its 10-K filed March 17, 2026.
- Is Mechanics Bancorp profitable?
- Mechanics Bancorp reported net income of $266M for the fiscal year ending December 31, 2025.
- How many employees does Mechanics Bancorp have?
- About 1,971 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Mechanics Bancorp?
- Coleman James Johnson, President & CEO, as named in a 3 filed January 5, 2026.
- Who is the CFO of Mechanics Bancorp?
- Nathan Duda, CFO of Mechanics, as named in a 8-K filed October 28, 2026.
- Where is Mechanics Bancorp headquartered?
- Walnut Creek, CA.
- What is Mechanics Bancorp's stock ticker?
- MCHB on Nasdaq.
- What industry is Mechanics Bancorp in?
- State Commercial Banks, SIC code 6022.
- What is Mechanics Bancorp's website?
- mechanicsbank.com. Investor relations: https://ir.homestreet.com/corporate-profile/default.aspx.
- When does Mechanics Bancorp report earnings next?
- March 7, 2027. Source: estimate_10q_cadence.
- Is Mechanics Bancorp a public company?
- Yes. Mechanics Bancorp files with the SEC under CIK 0001518715 and trades as MCHB.
- Who audits Mechanics Bancorp?
- Crowe LLP, Sacramento, California, as named in its latest annual report (10-K).
- How many shares of Mechanics Bancorp are outstanding?
- 18.9 million shares as of August 4, 2025, from its 10-Q filed August 6, 2025.
- What is Mechanics Bancorp's public float?
- $238M as of June 30, 2025, as reported on the cover of its 10-K filed March 17, 2026.
- How many business segments does Mechanics Bancorp report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Mechanics Bancorp's annual shareholder meeting?
- May 28, 2026, per its proxy statement (DEF 14A) filed April 16, 2026.
- Have Mechanics Bancorp insiders traded stock recently?
- Since June 15, 2026, officers and directors reported 1 open-market sale worth about $30.26 and 0 purchases on Forms 4 and 5. The most recent: Edward Michael Downer (Director) sold 2 shares on June 15, 2026.