Company Overview - ePlus has a market capitalization of $2.33 billion and reported revenue of $2.29 billion for the trailing twelve months (TTM) [5] - The net income for the same period is $121.88 million, with a 1-year price change of 16.36% as of January 13, 2026 [5] Transaction Summary - John E. Callies, a director at ePlus, sold 560 shares in an open-market transaction on December 8, 2025, for a total value of $50,417 [2][3] - After the transaction, Callies holds 21,428 shares, valued at approximately $1.93 million based on the reported price of $90.03 [3] - This sale is part of a series of transactions, with the previous sale being 1,050 shares in August 2024, indicating a smaller transaction size due to capacity constraints [8][9] Recent Developments - ePlus has had a strong first quarter of FY 2026, with combined earnings per share (EPS) of 4.62 already surpassing the annual EPS of previous years [12] - The company appointed a new Board of Directors on January 6, 2026, to enhance its financial and business expertise [12] Market Performance - The stock price of ePlus increased by 17.30% in 2025, recovering from an 8% decline in 2024, suggesting a positive market sentiment [11]

Core Insights - Acuitas Investments initiated a new position in Mechanics Bancorp, purchasing 105,281 shares valued at approximately $5.10 million during Q3 2025, representing 3.28% of Acuitas' $155.77 million U.S. equity portfolio [1][2][10] Company Overview - Mechanics Bancorp reported trailing twelve-month (TTM) revenue of $586.19 million and net income of $186.08 million as of September 30, 2025 [4][5] - The company's stock price was $13.39 as of October 31, 2025, reflecting a 43.4% increase over the past year, outperforming the S&P 500 by 23.9 percentage points [2][4] Financial Performance - Mechanics Bancorp's Q3 2025 net income was $55.2 million, a significant increase from $39.9 million in 2024, with a strong balance sheet showing $1.4 billion in cash and equivalents against total long-term debt of $190.1 million [10][11] - The company completed the acquisition of HomeStreet Bank on September 2, 2025, increasing its total assets to $22.7 billion, up $6.1 billion from Q2 [10] Business Model - Mechanics Bancorp operates as a regional financial institution with a diversified product portfolio, including checking and savings accounts, consumer and commercial loans, equipment financing, cash management, wealth management, and digital banking solutions [5][6] - The bank serves individual consumers, small businesses, and middle-market enterprises across California, with a branch network of 166 locations concentrated in major metropolitan and regional markets [7][10] Investment Outlook - The initiation of a significant stake in Mechanics Bancorp by Acuitas Investments indicates a bullish outlook towards the company, supported by its strong financials and market position [10][12]