MECHANICS BANCORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49.7M | $48.1M | $208.7M | $284.9M | $347.0M | $358.0M | $263.8M | $226.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $37.2M | $38.8M | $35.4M | $31.6M | $33.5M | $32.5M | $34.3M |
| Operating Income | $319.6M | $35.7M | $200.2M | $155.6M | $163.9M | $145.2M | $136.9M | $89.8M |
| Operating Margin | 642.6% | 74.2% | 96.0% | 54.6% | 47.2% | 40.6% | 51.9% | 39.6% |
| Interest Expense | — | — | $233.0M | $71.0M | $17.2M | $43.4M | $88.2M | $61.5M |
| Pretax Income | $319.6M | $35.7M | $-32.8M | $84.7M | $146.7M | $101.9M | $48.7M | $28.3M |
| Income Tax Expense | $53.8M | $6.7M | $-5.2M | $18.1M | $31.3M | $21.9M | $8.0M | $2.0M |
| Net Income | $265.7M | $29.0M | $-27.5M | $66.5M | $115.4M | $80.0M | $17.5M | $40.0M |
| Net Margin | 534.4% | 60.3% | -13.2% | 23.4% | 33.3% | 22.3% | 6.6% | 17.7% |
| EPS (Basic) | $1.27 | $0.14 | $-0.13 | $0.32 | $0.50 | $0.32 | $0.06 | $0.13 |
| EPS (Diluted) | $1.27 | $0.14 | $-0.13 | $0.32 | $0.50 | $0.32 | $0.06 | $0.13 |
| Shares Outstanding (Basic) | 208.6M | 202.0M | 206.6M | 208.2M | 229.7M | 251.5M | 281.3M | 296.7M |
| Shares Outstanding (Diluted) | 208.7M | 202.1M | 206.6M | 209.5M | 232.6M | 253.8M | 283.5M | 298.8M |
| Dividends Per Share | — | — | $0.06 | $0.13 | $0.09 | $0.05 | — | — |