Revenue: As of FY2025 Q3, the actual value is USD 314.67 M.EBIT: As of FY2025 Q3, the actual value is USD -100.57 M.<h3>Segment Revenue</h3><ul><li>Commercial and Industrial Loans: $547.3 million as of September 30, 2025, compared to $410.0 million as of December 31, 2024.</li><li>Commercial Real Estate Loans: Multifamily loans were $5,448.4 million, non-owner occupied loans were $1,864.0 million, and owner-occupied loans were $709.2 million as of September 30, 2025.</li><li>Residential Real Estate Loans: $3,907.1 million as of September 30, 2025, compared to $2,281.0 million as of December 31, 2024.</li><li>Auto Loans: $954.6 million as of September 30, 2025, compared to $1,596.9 million as of December 31, 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: $55.2 million for the quarter ended September 30, 2025, compared to $39.9 million for the same period in 2024.</li><li>Provision for Credit Losses: $46.1 million for the quarter ended September 30, 2025, compared to $6.7 million for the same period in 2024.</li><li>Noninterest Income: $109.8 million for the quarter ended September 30, 2025, compared to $16.9 million for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $79.7 million for the nine months ended September 30, 2025, compared to $217.4 million for the same period in 2024.</li><li>Net Cash Provided by Investing Activities: $1,596.0 million for the nine months ended September 30, 2025, compared to $555.6 million for the same period in 2024.</li><li>Net Cash Used by Financing Activities: -$1,232.8 million for the nine months ended September 30, 2025, compared to -$1,052.4 million for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Bargain Purchase Gain: $90.4 million recognized from the merger with HomeStreet Bank.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Mechanics Bancorp plans to leverage the merger with HomeStreet Bank to enhance its market presence and operational efficiency. The company aims to utilize the acquired deferred tax assets over time, contributing to future profitability.</li><li>Non-Core Business: The company ceased originating auto loans in February 2023 and transitioned the servicing of its auto loan portfolio to a third-party servicer effective May 1, 2025.</li></ul>

Mechanics Bancorp | 10-Q: FY2025 Q3 Revenue: USD 314.67 M