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 9.3% 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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 635 | 202 | 260 | 0 |
| 31 Dec 22 | 670 | 217 | 263 | 0 |
| 31 Dec 21 | 671 | 206 | 284 | 0 |
| 31 Dec 20 | 533 | 93 | 301 | 0 |
| 31 Dec 19 | 395 | 58 | 203 | 0 |
| 31 Dec 18 | 256 | 52 | 131 | 0 |
| 31 Dec 17 | 244 | 32 | 133 | 0 |
| 31 Dec 16 | 171 | 34 | 84 | 0 |
| 31 Dec 15 | 126 | 19 | 61 | 0 |
| 31 Dec 14 | 139 | 25 | 69 | 0 |
| 31 Dec 13 | 136 | 22 | 79 | 0 |
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 (-14.4%).
Return on Equity
High ROE: MCHB's Return on Equity (9%) is considered low.