Filing Flows › Mechanics Bancorp (MCHB) › Q2 2026
Mechanics Bancorp (MCHB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Mechanics Bancorp (MCHB) reported revenue of $201M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +0.5% from the quarter before. Operating margin was 39.4%, net earnings $57.7M (28.7% of revenue).
Mechanics Bancorp, Q2 2026: revenue $201M (+34% year over year), operating margin 39.4%, net earnings $57.7M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | +0.5% | +34% |
| Operating profit | $79.3M | +28% | +34% |
| Net earnings | $57.7M | +31% | +36% |
| Operating cash flow | $52.8M | +363% | -19% |
| Free cash flow | $49.6M | +467% | -22% |
What changed
Revenue was $201.0M in Q2 2026, up 34% year over year and roughly flat from the previous quarter.
Operating profit was $79.3M, a 39.4% margin (unchanged year over year). Of the extra revenue versus Q2 2025, 39% reached operating profit, above the 39% margin then. Total costs grew 34% against revenue growth of 34%. Net earnings were $57.7M, up 36% year over year. The effective tax rate was 27.2%.
Operating cash flow was $52.8M (down 19% year over year), 91% of net earnings. Non-cash charges added back $10.6M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $17.0M. Capital expenditures of $3.1M left free cash flow of $49.6M.
Questions
What was Mechanics Bancorp's revenue in the second quarter 2026?
Mechanics Bancorp (MCHB) reported revenue of $201M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +0.5% from the quarter before.
Was Mechanics Bancorp profitable in the second quarter 2026?
Operating profit was $79.3M (39.4% of revenue) and net earnings $57.7M.
Source: Mechanics Bancorp 10-Q on SEC EDGAR.