Equibles does not estimate personal net worth.
Earlier roles on record: CFO at Mechanics Bancorp (MCHB) until September 2, 2025. Mechanics Bancorp reported in an 8-K filed September 2, 2025 that John M. Michel resigned as Chief Financial Officer, effective September 2, 2025. The proxy statement of Mechanics Bancorp reports total compensation of $2,533,054 for John M. Michel in fiscal 2025, including a base salary of $352,002. Disclosed compensation is on record for 6 fiscal years. John M. Michel has spoken on 14 earnings calls across 1 company, most recently for Mechanics Bancorp on January 28, 2025. The companies whose calls John M. Michel spoke on are classified in the Financial Services sector.
“Effective upon the Effective Time, Mark Mason resigned from his position as the Company's President and Chief Executive Officer, John Michel resigned from his position as the Company's Chief Financial Officer, and William Endresen resigned from his position as the Company's Commercial Real Estate President, and each such executive tendered a resignation from employment to be effective on September 3, 2025.”
“In the fourth quarter of 2024, our net loss was $123.3 million or $6.54 per share as compared to our net loss of $7.3 million or $0.39 per share in the third quarter of 2024.”
“In the third quarter of 2023, our net income was $2.3 million or $0.12 per share, as compared to core net income of $3.2 million or $0.17 per share in the second quarter of 2023.”
“In the second quarter of 2023 we recorded a net loss of $31.4 million or $1.67 per share due to a $39.9 million goodwill impairment charge.”
“In the first quarter of 2023, our net income was $5.1 million or $0.27 per share as compared to net income of $8.5 million or $0.45 per share in the fourth quarter of 2022.”
“In the fourth quarter of 2022, our net income was $8.5 million or $0.45 per share as compared to net income of $20.4 million or $1.08 per share in the third quarter of 2022.”
Start not stated–2025-09-02
MCHB
Banks - Regional · Financial Services
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Mechanics Bancorp (MCHB) | Former Chief Financial Officer, EVP | $352,002 | $2,533,054 |
| 2024 | Mechanics Bancorp (MCHB) | Chief Financial Officer, EVP | $486,658 | $1,019,656 |
| 2023 | Mechanics Bancorp (MCHB) | Chief Financial Officer, EVP | $471,625 | $904,887 |
| 2022 | Mechanics Bancorp (MCHB) | Chief Financial Officer, EVP | $454,235 | $899,526 |
| 2021 | Mechanics Bancorp (MCHB) | Chief Financial Officer, EVP | $441,769 | $1,085,169 |
| 2020 | Mechanics Bancorp (MCHB) | Chief Financial Officer, EVP | $376,058 | $1,540,148 |
