Mechanics Bancorp (MCHB) Form 10-Q — Aug 7, 2026

Key figures

Eps

$0.25 diluted Class A (Q2 2026) vs $0.20 (Q2 2025); $0.44 (six months 2026)

Net Income

$57.7 million (Q2 2026); $101.8 million (six months 2026)

Total Debt

$210.4 million ($130.4 million long-term debt plus $80.0 million short-term borrowings)

Total Assets

$21.23 billion

Cash Position

$553.9 million at June 30, 2026 (vs $1,030.0 million at Dec 31, 2025)

Shares Outstanding

220,312,061 Class A and 1,114,448 Class B as of August 3, 2026

Deposits

$18.1 billion, down $935.6 million in six months

Dus Sale Gain

$911 thousand net gain

Dus Sale Proceeds

$125.8 million cash to Fifth Third, closed May 1, 2026

Efficiency Ratio

61.9% (Q2 2026) vs 65.2% (Q2 2025)

Book Value Per Share

$12.15 (vs $12.93 at Dec 31, 2025)

Dividends Per Share

Class A $0.70 and Class B $7.00 declared in Q2 2026

Net Interest Income

$177.2 million (Q2 2026); $356.2 million (six months 2026) vs $258.6 million (six months 2025)

Net Interest Margin

3.62% (Q2 2026) vs 3.61% (Q1 2026)

Noninterest Income

$23.8 million (Q2 2026); $44.8 million (six months 2026)

Bargain Purchase Gain

$145.5 million preliminary, from September 2, 2025 Merger

Nonperforming Assets

$59.4 million, 0.28% of total assets (vs $51.8 million, 0.23% at Dec 31, 2025)

Provision Credit Losses

Reversal of $2.8 million in Q2 2026 vs $7.8 million provision in Q1 2026

Return On Average Equity

8.48% (Q2 2026) vs 6.25% (Q2 2025)

Tangible Book Value Per Share

$7.56 (vs $7.81 at Dec 31, 2025)

Price after filing

Close on the filing date to close N calendar days later (from $16.64). Historical, not a forecast.