The financials
Mechanics Bancorp by the numbers
Mechanics Bancorp (MCHB) reported revenue of $242M in Q1 2026 (quarter ended March 31, 2026), up 39% from the same quarter a year earlier. That came with net income of $44M (18% of revenue). For the full year FY2025, revenue was $812M (+10% year on year) and net income $266M. Its largest product in 2026-Q1 was Products And Services Service Charges On Deposit Accounts at $6.0M, 46% of the disclosed total, just ahead of Products And Services ATM Network Fee Income at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $242M | $174M | +39% |
| Net income | $44M | $44M | +0.7% |
| Diluted EPS | $0.20 | $0.22 | −9.1% |
| Product | Revenue | Share |
|---|---|---|
| Products And Services Service Charges On Deposit Accounts | $6.0M | 46% |
| Products And Services ATM Network Fee Income | $3.9M | 30% |
| Products And Services Trust Fees And Commissions | $3.1M | 24% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $13.0M (+4.8%)
Segment Latestquarter on quarteryear on year
- Products And Services Service Charges On Deposit Accounts$6.0M$6.0MQoQ +2.9%year on year +10.0%+2.9%+10.0%
- Products And Services ATM Network Fee Income$3.9M$3.9MQoQ +14%year on year +35%+14%+35%
- Products And Services Trust Fees And Commissions$3.1M$3.1MQoQ -1.5%year on year -1.6%-1.5%-1.6%