ADDED
See the definitions of large accelerated filer, accelerated filer , smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
As of March 9, 2026 , there were 220,274,082 shares of Class A common stock outstanding and 1,114,448 shares of Class B common stock outstanding.
MARKET FOR REGISTRANT S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 44 ITEM 6 .
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 45 ITEM 7A .
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 142 ITEM 9A .
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 144 ITEM 13 .
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 144 ITEM 14 .
FORM 10-K SUMMARY 148 SIGNATURES 149 4 Introductory Note Presentation of Results - HomeStreet Bank Merger On September 2, 2025, we completed the Merger of HomeStreet Bank, the wholly-owned subsidiary of Mechanics Bancorp (formerly known as HomeStreet, Inc.
) with and into Mechanics Bank, with Mechanics Bank as the surviving bank.
Mechanics Bank is the accounting acquirer ( legal acquiree ), HomeStreet Bank is the accounting acquiree and Mechanics Bancorp is the legal acquirer.
REMOVED
(Exact name of registrant as specified in its charter) ____________________________ Washington 91-0186600 (State or other jurisdiction of incorporation or organization) (I.R.S.
See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Shares of common stock held by each executive officer and director and by each person known to the Company who beneficially owns more than 10% of the outstanding common stock have been excluded in that such persons may under certain circumstances be deemed to be affiliates.
The number of outstanding shares of the registrant's common stock as of March 3, 2025 was 18,920,808 .
Generally, forward-looking statements include the words anticipate, believe, could, estimate, expect, intend, may, plan, potential, should, will, and would and similar expressions (or the negative of these terms) and include statements relating to achievement of profitability and timing of such achievement and expectations regarding reductions in short-term interest rates and their impact on the Company.
Forward-looking statements are based on the Company s expectations at the time such statements are made and speak only as of the date made.
The Company does not assume any obligation or undertake to update any forward-looking statements after the date of this release as a result of new information, future events or developments, except as required by federal securities or other applicable laws, although the Company may do so from time to time.
The Company does not endorse any projections regarding future performance that may be made by third parties.
For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.
Rather, more important factors could affect the Company s future results, including but not limited to the following: (1) changes in the interest rate environment and in expectation of reduction in short-term interest rates; (2) changes in the U.S.