MCHBMechanics Bancorp
State Commercial Banks
- Revenue
- $50M
- 3.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$423M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired73% of net incomeCash flow under 80% of net income
- Dilutive SBCFired11% of revenueOver 10% of revenue
- Payouts exceed cash flowClear25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $48M | $50M | 3.3% |
| Net income | $115M | $67M | −$28M | −$144M | $266M | 284% |
| Operating cash flow | $173M | $218M | $8M | $292M | $194M | 34% |
| Capex | $3M | $7M | $4M | $6M | $7M | 2.2% |
| Stock-based comp | $3M | $4M | $4M | $5M | $6M | 22% |
| Buybacks | $84M | $75M | $0 | — | — | |
| Dividends | $21M | $27M | $12M | $95M | $49M | 49% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 56 | — |
| FY2024 | — | — | 44 | — |
| FY2023 | — | — | 40 | — |