secwatch.observer — SEC 8-K summary
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Issuer:     Mechanics Bancorp (MCHB)
CIK:        0001518715
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001518715-26-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518715/000151871526000041/0001518715-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518715/000151871526000041/hmst-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001518715-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer