Mechanics Bancorp reports results for the quarter ended June 30 - Earnings Summary

Mechanics Bancorp

29/07/2026 14:30

Mechanics Bancorp MCHB.OQ reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -16 cents.  The mean expectation of three analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 25 cents to 28 cents per share.
Revenue rose 310.4% to $200.97 million from a year ago; analysts expected $203.05 million. 
Mechanics Bancorp's reported EPS for the quarter was 25 cents​.
The company reported quarterly net income of $57.7 million.
Mechanics Bancorp shares had fallen by 0.4% this quarter and gained 8.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 10.3% in the last three months.​ 
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy" 
Wall Street's median 12-month price target for Mechanics Bancorp is $17.00, about 6.8% above its last closing price of $15.84
This summary was machine generated from LSEG data July 29 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
0.26
0.28
Beat
Mar. 31 2026 
0.26
0.22
Missed
Dec. 31 2025 
0.26
0.56
Beat
Sep. 30 2025 
-0.01
0.23
Beat