---
schema_version: "secwatch.filing_event.v1"
accession: "0001518715-26-000041"
form_type: "8-K"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:42:46.746124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001518715-26-000041
- form_type: 8-K
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000151871526000041/0001518715-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000151871526000041/hmst-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001518715-26-000041
- JSON: https://secwatch.observer/filing/0001518715-26-000041.json
- Plain text: https://secwatch.observer/filing/0001518715-26-000041.txt

## Key facts
- Earnings Releases
  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
  source text: Mechanics reported net income of $44.1 million, or $0.19 per diluted share (3) , for the first quarter of 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518715/000151871526000041/0001518715-26-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.