Here are the 8-K filings from Mechanics Bancorp (MCHB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow MCHB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCHB filings page.
Mechanics Bancorp (MCHB) reported third-quarter 2026 net income of $46.0 million, or $0.20 per diluted share, versus $57.7 million and $0.25 in the second quarter. Net interest income was $174.9 million and net interest margin was 3.55%, compared with $177.2 million and 3.62% in Q2. For the first nine months, net interest income rose to $531.1 million from $402.7 million, while net income was $147.8 million versus $154.6 million.
Mechanics Bank completed the sale of $417 million in performing indirect auto loans, recording a $10.3 million loss, and restructured $308 million of securities, recording a $32.3 million loss. At September 30, total loans were $13.0 billion, deposits were $18.0 billion, delinquent loans were $67.5 million versus $95.4 million at June 30, and the preliminary CET1 ratio was 14.73%.
Class A shareholders received a $0.25 per-share dividend in Q3. Management expects a ~$100 million Q4 dividend, or ~$0.43 per Class A share, subject to Board and regulatory approval.
Mechanics Bancorp (MCHB) reported that its wholly owned subsidiary, Mechanics Bank, has completed the sale to Bank of America’s trading desk of approximately $417 million of its remaining performing indirect auto loans at a price near book value, using a cutoff date of August 31, 2026.
After this transaction, Mechanics Bank will retain about $13 million of runoff auto loans, while Westlake Portfolio Management will continue servicing the auto loans for both Bank of America and Mechanics Bank. President and CEO C.J. Johnson stated that selling the substantial majority of the runoff auto loan portfolio is intended to reduce risk, improve liquidity and enhance future profitability.
Mechanics Bancorp is the financial holding company of Mechanics Bank, a full-service FDIC‑insured bank with $21.2 billion in assets as of June 30, 2026 and 166 branches across California, Oregon, Washington and Hawaii.
Mechanics Bancorp (MCHB) reported that its Board of Directors declared a cash dividend of $0.25 per share on Class A common stock and $2.50 per share on Class B common stock. The dividend is payable on September 1, 2026 to shareholders of record as of the close of business on August 29, 2026.
Mechanics Bancorp, the financial holding company for Mechanics Bank, is headquartered in Walnut Creek, California. Mechanics Bank is an FDIC-insured, full-service bank with $21.2 billion in assets as of June 30, 2026 and 166 branches across California, Oregon, Washington and Hawaii.
Mechanics Bancorp reported solid results for the quarter ended June 30, 2026, with net income of $57.7 million, or $0.25 per diluted Class A share, up from $44.1 million in the prior quarter. Return on average assets was 1.09% and return on average tangible equity was 14.42%.
Net interest income was $177.2 million as net interest margin inched up to 3.62%, while the total cost of deposits declined to 1.25%. A net $2.8 million reversal of credit loss provisions and higher noninterest income, including gains tied to the sale of the Fannie Mae DUS business line and a mortgage servicing rights valuation adjustment, supported earnings. Noninterest expense fell to $124.5 million despite $5.9 million of merger-related costs as HomeStreet integration progressed.
Total assets were $21.2 billion with total loans of $13.6 billion and deposits of $18.1 billion, reflecting runoff of $199.2 million of higher-cost certificates of deposit and modest core deposit growth. Capital remained strong, with an estimated 14.39% Common Equity Tier 1 ratio, 16.70% total risk-based capital ratio and 8.71% Tier 1 leverage ratio. Asset quality metrics stayed conservative: the allowance for credit losses was 1.12% of loans and nonperforming assets were 0.28% of total assets, though delinquent loans rose to 0.70% of loans, partly from two maturing commercial real estate relationships.
Mechanics Bancorp reported the results of its 2026 Annual Meeting of Shareholders held on May 28, 2026. As of the April 1, 2026 record date, there were 220,286,142 Class A shares and 1,114,448 Class B shares outstanding.
Shareholders elected eight director nominees, each by a majority of votes cast, for one-year terms ending at the 2027 Annual Meeting. They also approved, on an advisory and non-binding basis, the compensation of named executive officers and ratified Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026.
Mechanics Bancorp announced that its board approved a cash dividend for both classes of its stock. Holders of Class A common stock will receive $0.70 per share, and holders of Class B common stock will receive $7.00 per share.
The dividends are payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. Mechanics Bancorp, the financial holding company of Mechanics Bank, reported $21.4 billion in assets and 166 branches across four western states as of March 31, 2026.
Mechanics Bancorp reported that its wholly owned subsidiary, Mechanics Bank, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association. The transaction closed for aggregate cash consideration of approximately $126 million.
This move shifts Mechanics Bancorp’s business mix by exiting this specific Fannie Mae underwriting and servicing activity while adding a substantial cash inflow at the bank subsidiary level.
Mechanics Bancorp reported first quarter 2026 net income of $44.1 million, or $0.19 per diluted Class A share. This was down from $111.2 million, or $0.48, in the fourth quarter of 2025, which benefited from a $55.1 million bargain purchase gain related to the HomeStreet merger.
Total assets were $21.4 billion with loans of $13.9 billion and deposits of $18.2 billion at March 31, 2026. Net interest margin improved to 3.61% from 3.50% as the total cost of deposits fell to 1.28%. Earnings were weighed by $6.5 million of provision tied to geopolitical uncertainty, $4.8 million of merger expenses and a $1.7 million deferred tax asset remeasurement. Capital remained strong with a 13.91% CET1 ratio and 8.66% Tier 1 leverage ratio, while credit quality indicators, including a 0.25% nonperforming assets-to-total assets ratio, stayed conservative.
Mechanics Bancorp is updating its corporate rules and returning cash to shareholders. The board amended the company’s bylaws to state that shares will generally be uncertificated and maintained in electronic book-entry form unless the board decides otherwise.
The board also declared a cash dividend of $0.40 per share for Class A common stock and $4.00 per share for Class B common stock, payable on March 19, 2026 to shareholders of record on March 9, 2026. Mechanics Bancorp is the financial holding company for Mechanics Bank, which reported $22.4 billion in assets and 166 branches across California, Oregon, Washington and Hawaii as of December 31, 2025.