Short answer
Mechanics Bancorp (MCHB) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $13M (down 84.8% year over year) with net income of $44M.
Q1 2026 key financials · XBRL
- Revenue
- $13M
- −84.8% YoY
- Net income
- $44M
- +1087.5% YoY
- EPS (diluted)
- $0.20
- +183.3% YoY
Source: XBRL data from the Mechanics Bancorp (MCHB) Q1 2026 10-Q on SEC EDGAR. USD.
Mechanics Bancorp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net revenue not disclosed; net interest income $179.0M, up $50.6M YoY from $128.5M
- Net interest margin 3.61% vs 3.45% YoY; efficiency ratio 65.2% vs 59.7%
- Best performer: loans averaged $14.0B, up from $9.5B YoY; worst: cash yield 3.07% vs 3.97%
- Total assets declined to $21.4B from $22.4B; deposits fell to $18.2B from $19.0B
- Credit-loss provision $7.8M vs $3.7M reversal YoY; headwinds included Middle East conflict and higher energy prices
Risk Factors
- No risk-factors section provided; submitted text covers Items 2–6 and signatures only
- No disclosed new, updated, regulatory, operational, competitive, market, or financial risks
- No basis to assess changes from the most recent 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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