Mechanics Bank

MCHB

US5836141029

Banks

Market Closed - OTC Markets Other stock markets 12:57:07 2024-04-03 pm EDT			5-day change	1st Jan Change
26,000 ^USD	+1.96%		0.00%	+8.33%

2023	Mechanics Bank Names Robbin Preciado Executive Vice President and Director of Retail Banking	CI
2023	Mechanics Bank Appoints Kelly Johnston as Executive Vice President and Director of Wealth Management	CI

Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2022

April 13, 2023 at 09:13 am EDT

Mechanics Bank reported earnings results for the full year ended December 31, 2022. For the full year, the company reported net interest income was USD 631.23 million compared to USD 621.16 million a year ago. Net income was USD 216.58 million compared to USD 206.01 million a year ago.

Basic earnings per share from continuing operations was USD 3,372.5 compared to USD 3,207.99 a year ago. Diluted earnings per share from continuing operations was USD 3,372.5 compared to USD 3,207.99 a year ago.

Latest news about Mechanics Bank

Mechanics Bank Names Robbin Preciado Executive Vice President and Director of Retail Banking	23-09-18	CI
Mechanics Bank Appoints Kelly Johnston as Executive Vice President and Director of Wealth Management	23-07-19	CI
Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-13	CI
Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-23	CI
Mechanics Bank Declares Cash Dividend, Payable on November 10, 2021	21-10-29	CI
Mechanics Bank Declares Special Cash Dividend, Payable on August 5, 2021	21-07-23	CI
Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2020	21-04-28	CI
Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2019	20-05-06	CI
Mechanics Bank completed the acquisition of Rabobank, National Association from Coöperatieve Rabobank U.A.	19-08-30	CI
Mechanics Bank Reports Earnings Results for the Full Year Ended December 31, 2018	19-05-30	CI
Mechanics Bank signed a definitive agreement to acquire Rabobank, National Association from Coöperatieve Rabobank U.A. for $2.1 billion.	19-03-14	CI
Mechanics Bank Appoints Scott Hoover as Vice President, Senior Relationship Manager	18-12-17	CI
Javier Corrales Joins Mechanics Bank as Vice President and Senior Manager of Title and Escrow Division	18-08-21	CI
Mechanics Bank completed the acquisition of Learner Financial Corporation.	18-06-03	CI
Mechanics Bank signed a definitive agreement to acquire Learner Financial Corporation.	18-02-11	CI
Mechanics Bank to Move Newport Beach Office	17-03-23	CI
Mechanics Bank Announces to Relocate at Newport Beach Office	17-03-23	CI
Mechanics Bank Adds Samantha Foster and Debbie Watson to its Regional Commercial Banking Team in Napa	17-01-26	CI
Mechanics Bank Opens New Branch at Richmond’S Hilltop Mall	17-01-09	CI
Mechanics Bank Announces Management Changes	16-10-03	CI
Mechanics Bank completed the acquisition of California Republic Bancorp.	16-09-29	CI
Mechanics Bank Appoints Dan Aguilar as Senior Vice President and Regional Manager, Commercial Banking in Napa	16-08-16	CI
Mechanics Bank Appoints Jacqueline McCormick as Senior Vice President and Human Resources Director	16-06-16	CI
Mechanics Bank Appoints Selim Stiti as Vice President and Information Security Manager	16-06-09	CI
Mechanics Bank entered into a definitive agreement to acquire California Republic Bancorp for approximately $290 million.	16-04-27	CI

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Company Profile

Mechanics Bank (the Bank) is a full-service bank. The Bank operates a network of retail banking branches, and commercial lending and wealth management offices statewide. It provides a range of products and resources in consumer and business banking, commercial lending, cash management, private banking, and comprehensive trust and wealth management services. The Bank also engages in indirect automobile lending activities including origination, securitization and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships. Its loan portfolio includes commercial and industrial, commercial real estate, residential real estate, auto and installment loans. Its business solutions include merchant services, business credit cards, and retirement planning. It offers treasure management services, such as payable solutions, fraud prevention, and cash management. It provides employee benefit plans and specialty asset management.

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Banks

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