Mechanics Bancorp (MCHB)
Runs a West Coast community bank centered on deposits, real estate lending, and wealth services.
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Collects consumer and business deposits and lends across commercial real estate, multifamily housing, residential mortgages, commercial operations, autos, and other consumer needs. A West Coast branch network supports cash management, private banking, and wealth and trust services, while the loan book remains concentrated in real estate.
Operates a full-service community bank through a West Coast branch network spanning California, Oregon, Washington, and Hawaii. Consumer and business deposits fund commercial and industrial, multifamily, commercial real estate, residential mortgage, auto, and other consumer lending.
Pairs branch-based relationship banking with cash management, private banking, and wealth management and trust services. The HomeStreet combination expanded the geographic footprint; integration is substantially complete, and the acquired Fannie Mae multifamily agency-lending business has been sold.
Earns primarily from interest on loans and securities, supplemented by service charges, wealth and trust fees, and mortgage-related income. Operations remain subject to bank-capital, liquidity, and consumer-protection rules, while credit exposure is concentrated in multifamily and residential real estate and heavily tied to California collateral and borrowers.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 28, 2026 | Raymond James | Target | Target: — | Target: $17 |
| May 28, 2026 | Stifel Nicolaus | Target | Target: — | Target: $17 |
| Apr 10, 2026 | Cantor Fitzgerald | Target | Target: — | Target: $17 |
| Nov 5, 2024 | Wedbush | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.67B · Total debt $208.6M · Total assets $21.23B · Shareholders' equity $2.69B
- Revenue
- $261.7M
- Operating income
- $73.1M
- Net income
- $57.7M
HistoryDividendAnnual yield
| Insiders | 79.25% | 175.47M shares | |
|---|---|---|---|
| 13 holders · as of Jun 17, 2026 | |||
| Other | 20.75% | 45.93M shares | |
| remainder | |||
221.40M company shares as of Sep 22, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Carl B. WebbInsiderdirector, 10 percent owner | 77.58% | 171.77M A | filed Sep 8, 2025 |
Douglas E. DownerInsiderdirector | 1.05% | 2.32M A | filed May 29, 2026 |
Edward Michael DownerInsiderdirector | 0.51% | 1.13M A | filed Jun 17, 2026 |
Nathan DudaInsiderofficer: EVP & CFO | 0.02% | 39,993 A | filed Mar 3, 2026 |
Christopher D. PierceInsiderofficer: EVP & Chief Operating Officer | 0.02% | 38,496 A | filed Mar 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Edward Michael Downer | director | −2 | $15.13 |
- Western Alliance
Business-bank rival in commercial, CRE, treasury, and mortgage.
- Columbia Banking System
West Coast branch and commercial-banking overlap via Umpqua.
- Banc of California
California business-bank peer in deposits, treasury, and CRE.
- WaFd
Western-state bank overlap in branches, deposits, CRE, and mortgages.
- CVB Financial
California business-bank overlap with trust and deposit strength.
- First Hawaiian
Hawaii banking peer across deposits, lending, and wealth.
- Bank of Hawaii
Hawaii commercial and consumer bank competing for local relationships.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mechanics Bancorp | $15.19 | 0.00% | $3.36B | 12.2 | 13.6 | 3.2 | +310.4% |
| Western Alliance | $78.00 | +0.28% | $8.59B | 8.8 | 7.5 | 1.7 | +17.7% |
| Columbia Banking System | $29.31 | −0.10% | $8.46B | 11.9 | 9.4 | 2.4 | +33.1% |
| Banc of California | $18.19 | +0.48% | $2.81B | — | 9.5 | 1.6 | +4.7% |
| WaFd | $31.51 | +0.02% | $2.39B | 9.9 | 9.3 | 1.7 | +10.3% |
| CVB Financial | $22.16 | −0.05% | $3.22B | 14.8 | 12.0 | 4.6 | +42.0% |
| First Hawaiian | $25.18 | +0.02% | $3.10B | 11.1 | 10.5 | 3.2 | +10.6% |
| Bank of Hawaii | $71.49 | 0.00% | $2.87B | 13.6 | 11.3 | 2.7 | +12.9% |
| Median | 11.5 | 9.5 | 2.4 | +12.9% |