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Financials · MCHB

Mechanics Bancorp (MCHB) financials

For the twelve months ended Sep 30, 2026, Mechanics Bancorp reported $824.00M of revenue and $258.97M of net income.

Revenue, TTM
$824.00M
Revenue growth, YoY
+18.7%
Net income, TTM
$258.97M
Net income growth, YoY
+25.6%
Net margin
31.4%
Free cash flow, TTM
$195.29M
EPS, diluted, TTM
$1.18
Cash
$602.46M
Total debt
$131.99M
P/E
12.52
P/S
3.94
Market cap
$3.24B
Annual revenue$808.62M
FY2016FY2025
Annual net income$265.74M
FY2016FY2025
Annual free cash flow$187.08M
FY2016FY2025

MCHB revenue and earnings growth

MCHB revenueQ3 2026$161.47M

Quarter YoY
-36.4%
QoQ
-19.7%
FY YoY
+112.8%
5Y CAGR
+17.7%
10Y CAGR
+6.5%

MCHB revenue was $161.47M in fiscal Q3 2026 (ended Sep 30, 2026), down 36.4% from a year earlier and down 19.7% from the prior quarter. For the full fiscal 2025 it was $808.62M, up 112.8% from fiscal 2024. Compound annual growth was +17.7% over 5 years and +6.5% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MCHB net incomeQ3 2026$45.99M

Quarter YoY
-32.6%
QoQ
-20.3%
FY YoY
+816.4%
5Y CAGR
+27.1%
10Y CAGR
+20.5%

MCHB net income was $45.99M in fiscal Q3 2026 (ended Sep 30, 2026), down 32.6% from a year earlier and down 20.3% from the prior quarter. For the full fiscal 2025 it was $265.74M, up 816.4% from fiscal 2024. Compound annual growth was +27.1% over 5 years and +20.5% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MCHB EPSQ3 2026$0.21

Quarter YoY
-36.4%
QoQ
-19.2%
FY YoY
+807.1%

MCHB diluted EPS was $0.21 in fiscal Q3 2026 (ended Sep 30, 2026), down 36.4% from a year earlier and down 19.2% from the prior quarter. For the full fiscal 2025 it was $1.27, up 807.1% from fiscal 2024.

MCHB free cash flowQ3 2026$26.45M

Quarter YoY
+77.5%
QoQ
-46.7%
FY YoY
-34.6%

MCHB free cash flow was $26.45M in fiscal Q3 2026 (ended Sep 30, 2026), up 77.5% from a year earlier and down 46.7% from the prior quarter. For the full fiscal 2025 it was $187.08M, down 34.6% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$808.62M$380.05M$208.67M$284.88M$347.03M$358.03M$263.82M$226.50M$217.14M$539.20M
Selling, general and admin-$37.20M$38.81M$35.38M$31.58M$33.51M$32.54M$34.30M$37.78M$63.21M
Interest expense--$232.99M$70.98M$17.24M$43.35M$88.22M$61.50M$37.78M$29.49M
Pre-tax income$319.55M$35.70M-$32.76M$84.66M$146.69M$101.89M$48.71M$28.25M$25.77M$90.78M
Income tax$53.81M$6.70M-$5.25M$18.12M$31.27M$21.90M$7.99M$2.03M-$16.89M$32.63M
Net income$265.74M$29.00M-$27.51M$66.54M$115.42M$79.99M$17.51M$40.03M$68.95M$58.15M
EPS, basic$1.27$0.14-$1.46$3.51$5.53$3.50$0.66$1.48$2.57$2.36
EPS, diluted$1.27$0.14-$1.46$3.49$5.46$3.47$0.65$1.47$2.54$2.34
Diluted shares208.7M202.1M18.8M19.0M21.1M23.1M25.8M27.2M27.1M24.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.03B$999.71M$1.46B$72.83M$65.21M$58.05M$57.88M$58.59M$73.91M$56.36M
Goodwill$843.30M$843.30M$0$27.90M--$28.49M$22.56M$22.56M$22.18M
Total assets$22.35B$16.49B$9.39B$9.36B$7.20B$7.24B$6.81B$7.04B$6.74B$6.24B
Short-term debt$0$1.00B$1.75B$1.02B$41.00M$322.80M$471.59M---
Total debt$192.01M$0$224.77M$224.40M$126.03M$125.84M$125.65M$125.46M$125.27M$125.15M
Total liabilities$19.49B$14.19B$8.85B$8.80B$6.49B$6.52B$6.13B$6.30B$6.04B$5.61B
Shareholders' equity$2.86B$2.30B$2.24B$562.15M$715.34M$717.75M$679.72M$739.52M$704.38M$629.28M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$193.59M$292.26M$8.02M$218.33M$173.03M-$25.55M$258.83M$286.01M$159.33M-$44.79M
Capital expenditures$6.51M$6.37M$3.81M$6.79M$2.94M$3.30M$2.26M$9.72M$42.29M$24.48M
Free cash flow$187.08M$285.89M$4.21M$211.54M$170.09M-$28.84M$256.57M$276.29M$117.04M-$69.28M
Investing cash flow$1.55B$476.21M$484.05M-$2.65B-$125.64M-$232.62M$107.02M-$564.05M-$556.19M-$819.27M
Financing cash flow-$1.71B-$1.23B-$349.24M$2.44B-$40.23M$258.34M-$366.56M$262.72M$414.41M$885.33M
Dividends paid$48.56M$94.99M$12.32M$26.85M$21.34M$13.87M$0$0-$0
Share repurchases--$0$75.00M$84.15M$58.01M$98.54M$0--
Stock-based compensation$5.59M$4.59M$3.61M$4.11M$3.40M$2.69M-$163.0K$3.36M$2.86M$2.06M
Depreciation and amortization-$6.58M$7.15M$9.71M$9.91M$9.44M$10.77M$12.95M$13.50M$11.40M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY112.8%82.1%-26.7%-17.9%-3.1%35.7%16.5%4.3%-59.7%25.5%
Net income growth, YoY816.4%---42.4%44.3%356.8%-56.2%-41.9%18.6%40.7%
EPS growth, YoY807.1%---36.1%57.3%433.8%-55.8%-42.1%8.5%19.4%
Net margin32.9%7.6%-13.2%23.4%33.3%22.3%6.6%17.7%31.8%10.8%
Free cash flow margin23.1%75.2%2.0%74.3%49.0%-8.1%97.3%122.0%53.9%-12.8%
Return on equity9.3%1.3%-1.2%11.8%16.1%11.1%2.6%5.4%9.8%9.2%
Return on assets1.2%0.2%-0.3%0.7%1.6%1.1%0.3%0.6%1.0%0.9%
Debt to equity0.070.000.100.400.180.180.180.170.180.20

Source: XBRL data Mechanics Bancorp files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MCHB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MCHB$824.00M+18.7%$258.97M31.4%$3.24B
JPM$203.15B+13.2%$65.98B32.5%$888.26B
BAC$120.16B+5.4%$32.24B26.8%$340.97B
WFC$87.23B+5.4%$22.97B26.3%$251.98B
C$85.22B+5.6%$14.31B16.8%$199.70B
UBS$49.57B+2.0%$7.80B15.7%$148.27B
COF$63.01B+31.2%$10.87B17.2%$121.43B
MFG¥8.79T+7.6%¥1.16T13.2%$116.96B
BNSC$37.74B+12.1%C$7.79B20.6%$112.48B

MCHB FAQ

8 questions
  • What is MCHB revenue?
    Mechanics Bancorp (MCHB) reported $824.00M of revenue for the twelve months ended Sep 30, 2026. That is up 18.7% from the year before. Revenue for fiscal 2025 was $808.62M.
  • Is MCHB profitable?
    Yes. Mechanics Bancorp earned $258.97M in net income for the twelve months ended Sep 30, 2026, a net margin of 31.4%.
  • How much cash and debt does MCHB have?
    Mechanics Bancorp reported $602.46M in cash and cash equivalents and $131.99M of debt on its most recent balance sheet in SEC filings.
  • How fast is MCHB revenue growing?
    Mechanics Bancorp's revenue changed +112.8% in fiscal 2025, to $808.62M. Its compound annual growth rate was +17.7% over 5 years and +6.5% over 10 years.
  • What is MCHB free cash flow?
    Mechanics Bancorp generated $195.29M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $207.34M less capital expenditures.
  • What is MCHB earnings per share?
    Diluted earnings per share were $1.18 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MCHB last report financial results?
    The latest statements here come from Mechanics Bancorp's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this MCHB financial data come from?
    Quantisnow builds these statements from the structured XBRL data Mechanics Bancorp files with the SEC. It is provided for information only and is not investment advice.