Mechanics Bank Past Earnings Performance

Past criteria checks 2/6

Mechanics Bank has been growing earnings at an average annual rate of 27.7%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 15.5% per year. Mechanics Bank's return on equity is 9%, and it has net margins of 31.8%.

Key information

27.7%

Earnings growth rate

16.4%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	15.5%
Return on equity	9.0%
Net Margin	31.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Mechanics Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:MCHB Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	635	202	260
31 Dec 22	670	217	263
31 Dec 21	671	206	284
31 Dec 20	533	93	301
31 Dec 19	395	58	203
31 Dec 18	256	52	131
31 Dec 17	244	32	133
31 Dec 16	171	34	84
31 Dec 15	126	19	61
31 Dec 14	139	25	69
31 Dec 13	136	22	79

Quality Earnings: MCHB has high quality earnings.

Growing Profit Margin: MCHB's current net profit margins (31.8%) are lower than last year (32.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MCHB's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: MCHB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MCHB had negative earnings growth (-6.8%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: MCHB's Return on Equity (9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:08
End of Day Share Price	2024/10/25 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mechanics Bank is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution