Mechanics Bancorp Q1 net income $44.1M ($0.19/diluted EPS), down 60% from Q4 2025; CET1 13.91%

Mechanics Bancorp

2026-Q1 EPS reported $0.20 vs consensus $0.27 ▼ miss (-24.6%)

Net income of $44.1M ($0.19 diluted EPS) vs $111.2M ($0.48) in Q4 2025, a 60% decline.
Total assets $21.4B, down from $22.4B; loans $13.9B, deposits $18.2B.
CET1 capital ratio 13.91%, Total RBC 16.15%; ACL to loans 1.13%, up from 1.08%.
Non-recurring acquisition and integration costs of $4.8M in Q1 vs $3.5M in Q4.
Tangible book value per share $7.53; book value per share $12.61.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mechanics Bancorp reported the first quarter of 2026 (quarter ended March 31, 2026) results: net income $44.1 million, EPS $0.19 per diluted share.

Period: the first quarter of 2026 (quarter ended March 31, 2026)
Net income: $44.1 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Mechanics reported net income of $44.1 million, or $0.19 per diluted share (3) , for the first quarter of 2026

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

Mechanics Bancorp filing history →

Source: SEC EDGAR

accession 0001518715-26-000041

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.