Mechanics Bank (OTCBB: MCHB) is one of America’s best banks in 2021, based on growth, credit quality and profitability, according to Forbes. In its 12th annual report, the global media outlet ranked the Bank 43rd among the nation’s 100 largest publicly traded banks and thrifts, which represent more than 80 percent of total U.S. bank assets.
“This independent recognition by Forbes points to our exceptional capital strength and commitment to consistently make prudent and responsible decisions that protect the best interests of our customers and shareholders,” said John DeCero, chief executive officer of Mechanics Bank.
Forbes’ own research and rankings were supported by data from S&P Global Market Intelligence, which examined regulatory filings through Sept. 30, 2020. The metrics included return on average tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans.