Short answer
Mechanics Bancorp (MCHB) filed its Q2 2026 10-Q quarterly report on Aug 7, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $14M (down 83.6% year over year) with net income of $58M.
Q2 2026 key financials · XBRL
- Revenue
- $14M
- −83.6% YoY · +4.6% QoQ
- Net income
- $58M
- +1407.8% YoY · +30.9% QoQ
- EPS (diluted)
- $0.26
- +213.0% YoY · +30.0% QoQ
Source: XBRL data from the Mechanics Bancorp (MCHB) Q2 2026 10-Q on SEC EDGAR. USD.
Mechanics Bancorp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $57.7M in Q2 2026; no quarterly YoY revenue comparison disclosed
- Net interest margin 3.62% vs 3.44% YoY; net interest income $356.2M vs $258.6M for six months
- Noninterest income $23.8M, led by other income at $7.2M and service charges at $6.0M
- Loans held for investment $13.6B vs $14.2B; deposits $18.1B vs $19.0B at December 31, 2025
- Outlook headwinds: interest-rate risk, inflation, real-estate values, credit losses, liquidity costs and regional economic downturns
Risk Factors
- No risk-factors section provided; submitted text begins with Item 2
- Newly disclosed insider trading plans: 20% of net RSU shares and 6,100 MCHB shares
- Regulatory disclosure risk: Rule 10b5-1 arrangements intended to satisfy Exchange Act Rule 10b5-1(c)
- No specific operational, competitive, market, liquidity, debt, currency, or concentration risks disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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