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Mechanics Bancorp (MCHB) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Mechanics Bancorp (MCHB) Q3 2026 earnings results →

Q3 2026 Revenue down 36% year over year to $161M · 28¢ of every $1 of revenue kept as net profit · operating margin 38.7%

Mechanics Bancorp made $161M in Q3 2026 (-36% Y/Y). Operating margin 38.7%, net earnings $46.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$161M
Year over year-36%
Operating margin38.7%
Net earnings$46.0M
Operating cash flow$29.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $161.5M in Q3 2026, down 36% year over year and down 20% from the previous quarter.

Operating profit was $62.5M, a 38.7% margin (up 13.5 points year over year). Total costs fell 48% while revenue fell 36%. Net earnings were $46.0M, down 33% year over year. The effective tax rate was 26.4%.

Operating cash flow was $29.2M (up 83% year over year), 64% of net earnings. Non-cash charges added back $10.3M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $28.6M. Capital expenditures of $2.8M left free cash flow of $26.4M.

Quarterly history

Mechanics Bancorp revenue by quarterMechanics Bancorp revenue by quarter$45.4MQ1 2025$49.0MQ2 2025$255MQ3 2025$260MQ4 2025$200MQ1 2026$201MQ2 2026$161MQ3 2026
Mechanics Bancorp net earnings by quarterMechanics Bancorp net earnings by quarter−$4.5MQ1 2025−$4.4MQ2 2025$55.2MQ3 2025$124MQ4 2025$44.1MQ1 2026$57.7MQ2 2026$46.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$161M-36%38.7%$46.0M$29.2M
Q2 202610-QAug 7, 2026$201M+34%39.4%$57.7M$52.8M
Q1 202610-QMay 8, 2026$200M+40%30.9%$44.1M$11.4M
Q4 202510-KMar 17, 2026$260M+77%59.2%$124M$114M
Q3 202510-QNov 17, 2025$255M+73%17.7%$55.2M$112M
Q2 202510-QAug 6, 2025$49.0M+14%-9.8%−$4.4M−$9.8M
Q1 202510-QMay 8, 2025$45.4M+9%-10.5%−$4.5M−$22.5M

Charts

Mechanics Bancorp: revenue growth, year over year and quarter over quarterMechanics Bancorp: revenue growth, year over year and quarter over quarterY/YQ/Q+9%Q1 2025+14%+8%Q2 2025+73%+400%Q3 2025+77%+2%Q4 2025+40%-23%Q1 2026+34%+0%Q2 2026-36%-20%Q3 2026
Latest (Q3 2026): Y/Y -36%, Q/Q -20%.
Mechanics Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026Mechanics Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026Other financing−$1.5BCash drawn (+) / kept (−)$840MOther investing$823MDividends−$361MOperating cash flow$207MCapital spending−$12.1MAsset & business sales$730K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Mechanics Bancorp: profit against cash, quarter by quarterMechanics Bancorp: profit against cash, quarter by quarterNet incomeOperating cash flow$51.7M$74.9MQ4 2024$43.8M−$1.4MQ1 2025$42.5M$65.1MQ2 2025$68.3M$16.0MQ3 2025$111M$114MQ4 2025$44.1M$11.4MQ1 2026$57.7M$52.8MQ2 2026$46.0M$29.2MQ3 2026
Latest (Q3 2026): Net income $46.0M, Operating cash flow $29.2M.
Mechanics Bancorp: diluted shares by fiscal year (split-adjusted)Mechanics Bancorp: diluted shares by fiscal year (split-adjusted)231MFY2020211MFY2021190MFY2022188MFY2023202MFY2024209MFY2025
-9.5% since FY2020: buybacks shrank the count; earlier years scaled for the 10-for-1 split before FY2024.
Mechanics Bancorp in its industry: growth against margin (133 companies, SIC 6022)Mechanics Bancorp in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFMCHB (-36%, 39%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Mechanics Bancorp

commercial real estate and single-family residences. It also sold insurance products for consumer clients. It provided these portfolio until May 1, 2025, when it entered into a servicing agreement with a third-party servicer to oversee and manage

In its own words, from its 10-K, filed Mar 17, 2026.

Mechanics Bancorp against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -36% against the peers' median +10%. Operating margin: 38.7% against the peers' median 34.7%.

CompanyQuarterRevenueY/YOp. margin
MCHB Mechanics BancorpQ3 2026$161M-36%38.7%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: Mechanics Bancorp 10-Q on SEC EDGAR · CIK 1518715 · State Commercial Banks

Guidance and outlook

Mechanics Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-06)Mechanics Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-06)Other3Deals1Costs1Financing1
6 statements; tone -0.67 (−1 all cautious, +1 all confident); 2 hedged.
Mechanics Bancorp: outlook statements against the filing beforeMechanics Bancorp: outlook statements against the filing beforeCautious4

13F: who owns MCHB and who is buying

Largest holders of MCHB (13F)Largest holders of MCHB (13F)BlackRock$49.0MVanguard Group$39.0MMechanics Bank Trust Department$33.1MState Street$27.4MVanguard Capital Management LLC$26.2MGeode Capital Management, LLC$21.9MMiracle Mile Advisors, LLC$17.7MBank of New York Mellon$17.3MDimensional Fund Advisors LP$12.1MCharles Schwab Investment Managem…$8.5M
Funds' net buying of MCHB by quarter (13F)Funds' net buying of MCHB by quarter (13F)−$627K2024-09−$1.2M2024-12−$4.1M2025-03−$7.9M2025-06$45.8M2025-09$40.5M2025-12−$33.0M2026-03−$47.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MCHB

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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