Filing Flows › Mechanics Bancorp (MCHB) › Q3 2026
Mechanics Bancorp (MCHB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Mechanics Bancorp (MCHB) reported revenue of $161M for the third quarter 2026 (Q3 2026), -36% from a year earlier and -20% from the quarter before. Operating margin was 38.7%, net earnings $46.0M (28.5% of revenue).
Mechanics Bancorp, Q3 2026: revenue $161M (-36% year over year), operating margin 38.7%, net earnings $46.0M, operating cash flow $29.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $161M | -20% | -36% |
| Operating profit | $62.5M | -21% | -2% |
| Net earnings | $46.0M | -20% | -33% |
| Operating cash flow | $29.2M | -45% | +83% |
| Free cash flow | $26.4M | -47% | +77% |
What changed
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.
Questions
What was Mechanics Bancorp's revenue in the third quarter 2026?
Mechanics Bancorp (MCHB) reported revenue of $161M for the third quarter 2026 (Q3 2026), -36% from a year earlier and -20% from the quarter before.
Was Mechanics Bancorp profitable in the third quarter 2026?
Operating profit was $62.5M (38.7% of revenue) and net earnings $46.0M.
Source: Mechanics Bancorp 10-Q on SEC EDGAR.