earnings
confidence high
sentiment positive
materiality 0.85
Mechanics Bancorp reports Q3 net income $55.2M after HomeStreet merger
Mechanics Bancorp
2025-Q3 EPS
reported $0.69
vs consensus -$0.01
▲ beat
(+6864.7%)
- Net income $55.2M ($0.25 diluted EPS), up from $42.5M ($0.20) in Q2 2025.
- Total assets rose $6.1B to $22.7B; total deposits increased $5.5B to $19.5B.
- Completed merger with HomeStreet Bank on September 2, 2025.
- CET1 ratio 13.42%, ACL to loans 1.16% after $46.1M provision for credit losses.
- Tangible book value per share $7.73; noninterest-bearing deposits $6.7B.