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Mechanics Bank (Mechanics Bank) Pretax Margin % : 43.47% (As of Dec. 2022)


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What is Mechanics Bank Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mechanics Bank's Pre-Tax Income for the six months ended in Dec. 2022 was $302.1 Mil. Mechanics Bank's Revenue for the six months ended in Dec. 2022 was $695.0 Mil. Therefore, Mechanics Bank's pretax margin for the quarter that ended in Dec. 2022 was 43.47%.

The historical rank and industry rank for Mechanics Bank's Pretax Margin % or its related term are showing as below:

MCHB' s Pretax Margin % Range Over the Past 10 Years
Min: 15.76   Med: 31.21   Max: 43.48
Current: 43.48


MCHB's Pretax Margin % is not ranked
in the Banks industry.
Industry Median: 32.765 vs MCHB: 43.48

Mechanics Bank Pretax Margin % Historical Data

The historical data trend for Mechanics Bank's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mechanics Bank Pretax Margin % Chart

Mechanics Bank Annual Data
Trend Dec04 Dec05 Dec06 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.92 18.22 15.76 41.07 43.47

Mechanics Bank Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.92 18.22 15.76 41.07 43.47

Competitive Comparison of Mechanics Bank's Pretax Margin %

For the Banks - Regional subindustry, Mechanics Bank's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mechanics Bank's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mechanics Bank's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Mechanics Bank's Pretax Margin % falls into.



Mechanics Bank Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Mechanics Bank's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=302.134/694.967
=43.47 %

Mechanics Bank's Pretax Margin for the quarter that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2022 )/Revenue (Q: Dec. 2022 )
=302.134/694.967
=43.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mechanics Bank  (OTCPK:MCHB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Mechanics Bank Pretax Margin % Related Terms

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Mechanics Bank (Mechanics Bank) Business Description

Traded in Other Exchanges
N/A
Address
3170 Hilltop Mall Road, Richmond, CA, USA, 94806
Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

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