Mechanics Bancorp Reports Third Quarter 2025 Results Following Completion of Merger with HomeStreet Bank

Core Insights - Mechanics Bancorp reported total assets of $22.7 billion for the third quarter of 2025 [1] - The company achieved a net income of $55.2 million for the same period [1] - The Common Equity Tier 1 (CET1) ratio stood at 13.42% [1] - The book value per share was reported at $12.54, while the tangible book value per share was $7.73 [1] Financial Performance - Total assets reached $22.7 billion, indicating a strong asset base [1] - Net income to common shareholders was $55.2 million, translating to earnings of $0.2 per share [1] - The CET1 ratio of 13.42% reflects a solid capital position [1] - Book value per share at $12.54 and tangible book value per share at $7.73 suggest healthy valuation metrics [1]