Mechanics Bancorp is a US-listed company in the regional banks industry. Its financial year ends in December.
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Mechanics Bancorp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $916m, up 55.9% on a year earlier, slower than the 79.8% growth a quarter earlier.
Our model value for Mechanics Bancorp is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Mechanics Bancorp's trailing-twelve-month revenue grew 55.9% year on year, with a free-cash-flow margin of 20.0%.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 55.9% (-24.0pp vs the prior quarter), the 4th consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
Moderate moat
How hard Mechanics Bancorp's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 0.8% of total assets over 10 years.
Net margin has been a median 16.7%; its worst year was -8.3%.
The diluted share count fell 15.3% over five years; stock-based pay has been a median 0.9% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).
Next results: January 28, 2027, after the close. Analysts expect revenue of $201m and EPS of $0.28 (range $0.28 to $0.29) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.04 | −22% | $786m | −3% |
| Next | $1.18 | +13% | $822m | +5% |
Next year's EPS estimate has moved −1.9% in 90 days, across 4 analysts.
The consensus EPS forecast for the current fiscal year is +2.8% on 90 days ago. In the last 30 days, 2 analysts raised Mechanics Bancorp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.02 | $1.20 |
| 60 days ago | $1.03 | $1.20 |
| 30 days ago | $1.03 | $1.20 |
| 7 days ago | $1.04 | $1.19 |
| Now | $1.04 | $1.18 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.25 | $0.27 | +6.6% |
| Mar 2026 | $0.26 | $0.24 | −6.5% |
| Dec 2025 | $0.26 | $0.59 | +125.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +24.8%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $588m | $916m | +55.9% |
| Net margin | 30.3% | 30.7% | +1.4% |
| P/E multiple | 13.7x | 11.7x | −14.5% |
| Share count | 202m | 219m | −7.7% |
Biggest factor: revenue.
Last 3 years +167.3%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $255m | $916m | +259.3% |
| Net margin | 1.0% | 30.7% | +3051.1% |
| P/E multiple | n/m | 11.7x | −97.4% |
| Share count | 201m | 219m | −8.1% |
Biggest factor: p/e multiple.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| MCHB | +58% | −45% | −61% | +11% | +30% | +13% |
| Industry peers (median) | +34% | −4% | −2% | +16% | +10% | +24% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| MCHB | 75% | 42% | 42% | 58% | 58% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| MCHB | −24% | −58% | −84% | −48% | −25% | −16% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 92% from January 10, 2022 to October 27, 2023. Getting back needed a 1073% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 28, 2026 | −3.0% | 0.0% | — | — |
| July 29, 2026 | +4.8% | +0.1% | +4.9% | +1.6% |
| April 30, 2026 | −1.7% | +1.3% | −3.7% | −0.5% |
| January 30, 2026 | +3.4% | +0.2% | +3.3% | −0.1% |
| October 30, 2025 | −0.4% | −0.8% | −1.9% | +12.2% |
| July 28, 2025 | 0.0% | −0.3% | −1.5% | +5.1% |
| April 28, 2025 | −1.1% | +0.7% | +5.1% | +11.3% |
| January 27, 2025 | −1.0% | −0.6% | −1.5% | −4.3% |
| October 29, 2024 | −36.6% | −0.1% | −31.4% | −19.8% |
| July 29, 2024 | +2.9% | −0.4% | −4.1% | +7.2% |
| April 30, 2024 | −10.7% | −1.9% | −14.7% | −28.4% |
| January 29, 2024 | −2.8% | +0.7% | −13.8% | −8.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $228.1M |
| FY23 Q4 | $208.7M |
| FY24 Q1 | $190.7M |
| FY24 Q2 | $179.9M |
| FY24 Q3 | $278.4M |
| FY24 Q4 | $379.3M |
| FY25 Q1 | $481.2M |
| FY25 Q2 | $588M |
| FY25 Q3 | $695.6M |
| FY25 Q4 | $808.6M |
| FY26 Q1 | $865.3M |
| FY26 Q2 | $916.5M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | -25.3% |
| FY23 Q4 | -26.7% |
| FY24 Q1 | -30.5% |
| FY24 Q2 | -29.5% |
| FY24 Q3 | 22.0% |
| FY24 Q4 | 81.8% |
| FY25 Q1 | 152.3% |
| FY25 Q2 | 226.9% |
| FY25 Q3 | 149.9% |
| FY25 Q4 | 113.2% |
| FY26 Q1 | 79.8% |
| FY26 Q2 | 55.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 1.3% |
| FY23 Q4 | 2.0% |
| FY24 Q1 | 22.4% |
| FY24 Q2 | 0.7% |
| FY24 Q3 | 79.7% |
| FY24 Q4 | 75.4% |
| FY25 Q1 | 61.9% |
| FY25 Q2 | 65.2% |
| FY25 Q3 | 21.4% |
| FY25 Q4 | 23.1% |
| FY26 Q1 | 22.9% |
| FY26 Q2 | 20.0% |
What Mechanics Bancorp earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.
| Interest income | $812M | |
|---|---|---|
| Fee and other income | $223M | 27.6% of revenue |
| Interest paid | $226M | |
| Net interest income | $586M | 72.4% of revenue |
| Revenue | $809M | |
| Non-interest expense | $470M | 58.1% of revenue |
| Credit-loss provisions | $20.5M | 2.5% of revenue |
| Pre-tax profit | $319M | 39.4% of revenue |
| Income tax | $53.8M | 6.7% of revenue |
| Net income | $266M | 32.9% of revenue |
| Fiscal year | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||||||
| Revenue | 130 | 146 | 299 | 265 | 284 | 430 | 539 | 217 | 226 | 264 | 358 | 347 | 285 | 209 | 380 | 809 | 916 |
| Net income | −34 | 16 | 82 | 24 | 22 | 41 | 58 | 69 | 40 | 18 | 80 | 115 | 67 | −28 | 29 | 266 | 281 |
| Diluted EPS | −$0.59 | $0.26 | $0.56 | $0.15 | $0.14 | $0.18 | $0.22 | $0.24 | $0.14 | $0.06 | $0.32 | $0.51 | $0.33 | −$0.14 | $0.14 | $1.27 | $1.28 |
| Growth (year on year) | |||||||||||||||||
| Revenue | — | +12.3% | +105.1% | −11.2% | +7.2% | +51.1% | +25.5% | −59.7% | +4.3% | +16.5% | +35.7% | −3.1% | −17.9% | −26.7% | +82.1% | +112.8% | +55.9% |
| Net income | — | — | +409.5% | −71.0% | −6.5% | +85.6% | +40.7% | +18.6% | −41.9% | −56.2% | +356.8% | +44.3% | −42.4% | −141.3% | — | +816.4% | +58.1% |
| Diluted EPS | — | — | +113.6% | −73.1% | −7.5% | +31.5% | +19.4% | +8.5% | −42.1% | −55.8% | +433.8% | +57.3% | −36.1% | −141.8% | — | +807.1% | — |
| Margins | |||||||||||||||||
| Net margin | −26.4% | 11.1% | 27.5% | 9.0% | 7.8% | 9.6% | 10.8% | 31.8% | 17.7% | 6.6% | 22.3% | 33.3% | 23.4% | −13.2% | 7.6% | 32.9% | 30.7% |
| Free-cash-flow margin | −33.4% | 60.4% | −135.0% | 106.0% | −129.6% | −2.9% | −12.8% | 53.9% | 122.0% | 97.3% | −8.1% | 49.0% | 74.3% | 2.0% | 75.2% | 23.1% | 20.0% |
| Cash flow | |||||||||||||||||
| Cash from operations | −43 | 90 | −392 | 304 | −349 | 8 | −45 | 159 | 286 | 259 | −26 | 173 | 218 | 8 | 292 | 194 | 194 |
| Capital spending | 0 | 2 | 11 | 23 | 20 | 21 | 24 | 42 | 10 | 2 | 3 | 3 | 7 | 4 | 6 | 7 | 10 |
| Free cash flow | −43 | 88 | −403 | 281 | −369 | −12 | −69 | 117 | 276 | 257 | −29 | 170 | 212 | 4 | 286 | 187 | 184 |
| Stock-based pay | 0 | 0 | 3 | 1 | 2 | 1 | 2 | 3 | 3 | −0 | 3 | 3 | 4 | 4 | 5 | 6 | 8 |
| Free cash flow after stock pay | −43 | 88 | −406 | 280 | −370 | −13 | −71 | 114 | 273 | 257 | −32 | 167 | 207 | 1 | 281 | 181 | 175 |
| Balance sheet | |||||||||||||||||
| Cash | 73 | 263 | 25 | 34 | 31 | 33 | 54 | 73 | 58 | 58 | 58 | 65 | 73 | 216 | 1,000 | 1,030 | 554 |
| Total debt | 0 | 62 | 62 | 65 | 62 | 62 | 125 | 125 | 125 | 597 | 449 | 167 | 1,240 | 1,970 | 1,000 | 192 | 210 |
| Net debt (negative = net cash) | −73 | −201 | 37 | 31 | 31 | 29 | 71 | 53 | 67 | 539 | 391 | 102 | 1,168 | 1,754 | 0 | −838 | −343 |
| Diluted shares | 58m | 62m | 147m | 159m | 160m | 226m | 266m | 290m | 291m | 276m | 247m | 227m | 204m | 201m | 202m | 209m | 219m |
| Returned to shareholders | |||||||||||||||||
| Dividends | — | — | 0 | 0 | 2 | 0 | 0 | — | 0 | 0 | 14 | 21 | 27 | 12 | 95 | 49 | 303 |
| Buybacks | — | — | — | — | — | — | — | 0 | 0 | 99 | 58 | 84 | 75 | 0 | — | — | — |
| Total returned | — | — | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 99 | 72 | 105 | 102 | 12 | 95 | 49 | 303 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 148 | 147 | 143 | 150 | 255 | 260 | 200 | 201 |
| Net income | 40 | 52 | 44 | 42 | 55 | 124 | 44 | 58 |
| Diluted EPS | $0.20 | $0.25 | $0.22 | $0.21 | $0.26 | $0.58 | $0.20 | $0.26 |
| Growth (year on year) | ||||||||
| Revenue | +199.5% | +219.8% | +244.8% | +248.8% | +72.7% | +76.9% | +39.5% | +34.2% |
| Net income | +>999% | — | — | — | +38.1% | +140.6% | +0.7% | +35.8% |
| Diluted EPS | +>999% | — | — | — | +30.0% | +132.0% | −9.1% | +23.8% |
| Margins | ||||||||
| Net margin | 27.0% | 35.2% | 30.5% | 28.4% | 21.6% | 47.8% | 22.0% | 28.7% |
| Free-cash-flow margin | 168.7% | 49.3% | −1.3% | 42.5% | 5.8% | 42.5% | 4.4% | 24.7% |
| Cash flow | ||||||||
| Cash from operations | 247 | 75 | −1 | 65 | 16 | 114 | 11 | 53 |
| Capital spending | −2 | 2 | 0 | 1 | 1 | 3 | 3 | 3 |
| Free cash flow | 249 | 72 | −2 | 64 | 15 | 110 | 9 | 50 |
| Stock-based pay | −2 | 5 | 3 | 1 | 1 | 5 | 1 | 2 |
| Free cash flow after stock pay | 251 | 68 | −5 | 62 | 14 | 106 | 7 | 48 |
| Last 12 months unless stated | MCHB | CUBI | FHB | PFS | CATY | CBU | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $916m | $922m | $908m | $907m | $871m | $859m | $256m |
| Revenue growth, last 12 months | 55.9% | 34.9% | 7.7% | 8.1% | 14.5% | 10.0% | 12.6% |
| Revenue growth, 3-year average | 53.2% | 12.8% | 2.3% | 20.4% | 1.5% | 9.7% | 6.1% |
| Revenue growth, latest quarter | 34.2% | 10.2% | 1.7% | 9.6% | 13.1% | 12.0% | 10.8% |
| Net margin | 30.7% | 31.6% | 30.3% | 34.5% | 39.9% | 26.6% | 28.7% |
| Cash from operations / revenue | 21.2% | 41.3% | 42.4% | 40.8% | 62.2% | 35.9% | 34.3% |
| Free-cash-flow margin | 20.0% | 39.8% | 40.2% | 38.6% | 61.4% | 28.7% | 31.4% |
| Free-cash-flow margin, 3-year average | 28.7% | 33.5% | 34.3% | 48.9% | 49.3% | 27.8% | 29.9% |
| Stock pay / revenue | 0.9% | 2.2% | 1.8% | — | 0.9% | 1.3% | 1.2% |
| Change in share count | 0.4% | 6.9% | −2.8% | 0.1% | −4.5% | −0.1% | 0.4% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Products and Services Service Charges On Deposit Accounts | $23.2M | 46.7% | ▼ 1.8% |
| Products and Services ATM Network Fee Income | $13.5M | 27.1% | ▲ 11.0% |
| Products and Services Trust Fees and Commissions | $13M | 26.2% | ▲ 5.7% |
From Mechanics Bancorp's 10-K filed March 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $49M | 3.1M | 12.7% | ▼ 10.1% |
| Mechanics Bank Trust Department | $35.7M | 2.2M | 9.2% | ▼ 2.6% |
| State Street Corp | $27.4M | 1.7M | 7.1% | ▲ 0.7% |
| Vanguard Capital Management LLC | $26.2M | 1.6M | 6.8% | ▼ 20.7% |
| Geode Capital Management, LLC | $21.9M | 1.4M | 5.7% | ▼ 3.0% |
| Gw&K Investment Management, LLC | $21.6M | 1.4M | 5.6% | ▲ 20.1% |
| Composition Wealth, LLC | $17.7M | 1.1M | 4.6% | 0.0% |
| Bank Of New York Mellon Corp | $17.3M | 1.1M | 4.5% | ▼ 0.9% |
| Dimensional Fund Advisors LP | $12.1M | 761K | 3.1% | ▼ 1.5% |
| Charles Schwab Investment Management Inc | $8.5M | 532K | 2.2% | ▼ 17.4% |
| Sculptor Capital LP | $8.2M | 513K | 2.1% | 0.0% |
| Simcoe Capital LLC | $8.1M | 507K | 2.1% | ▲ 45.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mechanics Bancorp's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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