Mechanics Bancorp (MCHB) reported third-quarter 2026 net income of $46.0 million, or $0.20 per diluted Class A share, compared with $57.7 million, or $0.25 per diluted share, in the second quarter.
Total assets were $20.9 billion at September 30, 2026. The company completed sales of indirect auto loans and available-for-sale securities during the quarter, recording related losses on sale.
- Total deposits were $18.0 billion, compared with $18.1 billion at June 30, 2026.
- Total loans were $13.0 billion, down from $13.6 billion in the prior quarter.
- Total delinquent loans declined to $67.5 million from $95.4 million.
- The CET1 capital ratio was 14.73% and the total risk-based capital ratio was 16.98%.
- Quarterly dividends were $0.25 per Class A share and $2.50 per Class B share.
