Mechanics Bancorp (MCHB)
The company now
Mechanics Bancorp reported net income of $57.7 million for the second quarter of 2026, up from $44.1 million in the first quarter 2.
The company said the rise came mainly from a reversal of provision, which means money set aside for expected loan losses was partly released 2.
It is a bank holding company that operates through Mechanics Bank, which has 166 branches in California, Washington, Oregon and Hawaii 1.
Ford Financial Funds and their affiliates control about 77 percent of the voting power 1.
The company expects to keep paying integration costs after its merger with HomeStreet Bank on 2 September 2025 1.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.