Mechanics Bank delivers a comprehensive suite of financial solutions, catering to the diverse needs of individual clients and small to mid-sized businesses. ...
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Est. EPS $0.27 · Revenue $202.21M · 2 analysts
Est. EPS $0.28 · Revenue $203.75M · 2 analysts
Est. EPS $1.03 · Revenue $794.74M · 2 analysts
Est. EPS $0.28 · Revenue $201.77M · 1 analysts
$1.31 per share
$1.31 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.0B | +74.8% | +6.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $265.7M | +816.4% | +30.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +76.2% | +19.9% | +9.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +31.0% | +412.0% | +11.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +25.8% | +424.1% | +23.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $187.1M | -34.6% | +419.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +18.1% | -62.6% | +388.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 9.7% | +299.7% | +2.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 8.20x | — | +5.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $22.5B | +35.9% | -0.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.21 vs 0.78 | +55.1% | 0.25 vs 0.25 | 0.0% |
| Revenue Surprise | $1.0B vs $191.9M | +437.2% | $261.7M vs $199.3M | +31.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Downer Edward Michael | director | Class A Common Stock | D | 2 | $15.13 |
| May 28, 2026 | Pellegrino Nancy D | director | Restricted Stock Units | A | 5,513 | — |
| May 28, 2026 | Russell Kenneth D | director | Restricted Stock Units | A | 5,513 | — |
| May 28, 2026 | Cochran Patricia | director | Restricted Stock Units | A | 5,513 | — |
| May 28, 2026 | Downer Douglas E | director | Restricted Stock Units | A | 5,513 | — |
Operator: Good morning, ladies and gentlemen, and welcome to the Mechanics Bancorp Second Quarter 2026 Earnings Conference Call. As a reminder, this conference call is being recorded. I would now like to turn the call over to Nathan Duda, Chief Financial Officer of mechanics. Please go ahead. Nathan Duda: Thank you, operator, and good morning, everyone. We appreciate you joining our earnings conference call. With me here today are C.J. Johnson, our President and CEO; and Carl Webb, our Executive Chairman. The related earnings press release and earnings presentation are available on the News and Events section of our Investor Relations website. Before we begin, I'd like to remind everyone that any forward-looking statements are subject to risks uncertainties and other factors that could cause actual results to differ materially from those anticipated future results. Please see our safe harbor statements in our earnings press release and in our earnings presentation. All comments expressed or implied made during today's call are subject to those safe harbor statements. Any forward-looking statements made during this call are made only as of today's date, and we do not undertake any duty to update such forward-looking statements, except as required by law. Additionally, during today's call, we may discuss certain non-GAAP financial measures, which we believe are useful in evaluating our performance. A reconciliation of these non-GAAP financial measures to the most comparable GAAP financial measures can also be found in our earnings release and in the earnings presentation. C.J., let me hand it over to you. C. Johnson: Thank you, Nathan, and good morning. We appreciate everyone joining our call and for your interest in Mechanics Bancorp. I'll start today by summarizing the highlights of our second quarter performance. I'll also provide another strategic update on the bank before handing things off to Nathan to review our financials in more detail. Carl, Nathan and I will then open up the call for your questions. With that, let's turn to Slide 4. We had a nice second quarter reporting $57.7 million in net income. On a fully diluted basis, we earned $0.25 per share, and our tangible book value per share increased to $7.56. This quarter, we paid a large dividend of $0.70 per share with the major driver being the successful closure of our DUS business line sale to Fifth Third in early May. Q2 did have a few noncore items, which I'll walk you through quickly. We had 3 onetime noninterest income adjustments, including a $1.8 million MSR valuation gain, a final true-up of $900,000 related to the DUS sale, and a $600,000 loss on a sale of an old branch property that's been closed for a while. We also incurred $5.9 million of merger expenses, primarily severance as we finished up our Homestreet integration and had a significant amount of head count reduction as a result. We also had a negative provision of $2.8 million, which we backed out of our core …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Nathan J. Duda | Executive Vice President & Chief Financial Officer | USD 797,313 | Male | 1979 | Active |
Scott A. Givans | Executive VP & Chief Credit Officer of Mechanics Bank | USD 674,269 | Male | 1962 | Active |
Carl Webb | Executive Chairman | — | Male | 1950 | Active |
C. J. Johnson | President & Chief Executive Officer | — | Male | 1984 | Active |
Fernando Pelayo | Executive Vice President & Chief Accounting Officer | — | Male | 1978 | Active |
Glenn C. Shrader | Executive Vice President & General Counsel | — | Male | — | Active |
Kristie S. Shields | Executive Vice President & Chief Compliance Counsel | — | Female | — | Active |
Christopher D. Pierce | Executive Vice President & Chief Operating Officer | — | Male | 1973 | Active |
David Louis | Senior Vice President and Director of Marketing & Communications | — | Male | — | Active |
Todd McGinley | Senior Vice President & Senior Portfolio Manager | — | Male | — | Active |
After losing some value lately, a hammer chart pattern has been formed for Mechanics Bank (MCHB), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.25 per share of Class A common stock and $2.50 per share of Class B common stock, each payable on September 1, 2026, to shareholders of record as of the close of business on August 29, 2026. About Mechanics Bancorp Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service, FDIC-insured bank with $21.
Mechanics Bancorp (MCHB) Q2 2026 Earnings Call Transcript
Mechanics Bank (MCHB) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to a loss of $0.16 per share a year ago.
Mechanics Bancorp (NASDAQ: MCHB):Second Quarter Highlights$21.2 billionTotal Assets$57.7 millionNet Income14.39%CET1 Ratio (1)$12.15Book Value Per Share$7.56Tan
