MCHBMechanics Bancorp
State Commercial Banks · $277M market cap · 1,971 employees
1.6×
More likely than average to be taken private
Top 8% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
2of 15 firedHow well they predict deals →
- Earnings not backed by cashYes73% of net incomeCash flow under 80% of net income
- Dilutive SBCYes11% of revenueOver 10% of revenue
13 other checks
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Payouts exceed cash flowNo25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentNo100% lowest supportAny vote under 80% support
- Low revenue per employeeNo$25K · 25th pctBottom quartile of its SIC industry
- Quiet on AINo1.8 per 10K words · 53rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$277M market capMarket cap $500M–$5B
- Recurring revenueNo5 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo1 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$30 netNet sales over $10M in 12 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| May 16, 2024 | DEFM14A | FirstSun Capital Bancorp | $0.39 | 100% |
Key numbers
- Revenue
- $50M
- 3.3% YoY
- Operating margin
- —
- EBITDA
- —
- Net debt / EBITDA
- —
- −$423M net debt
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $48M | $50M | 3.3% |
| Net income | $115M | $67M | −$28M | −$144M | $266M | 284% |
| Operating cash flow | $173M | $218M | $8M | $292M | $194M | 34% |
| Capex | $3M | $7M | $4M | $6M | $7M | 2.2% |
| Stock-based comp | $3M | $4M | $4M | $5M | $6M | 22% |
| Buybacks | $84M | $75M | $0 | — | — | |
| Dividends | $21M | $27M | $12M | $95M | $49M | 49% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 9, 2025 | WEBB CARL B | SCHEDULE 13D | 20.2% | Passive |
| Jul 11, 2019 | Roaring Blue Lion Capital Management, L.P. | SC 13D/A | 0.0% | Passive |
| Apr 22, 2019 | Roaring Blue Lion Capital Management, L.P. | SC 13D/A | 6.4% | Active |
Insider trading
−$30net selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $30 · 1 trade
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 56 | — |
| FY2024 | — | — | 44 | — |
| FY2023 | — | — | 40 | — |