Mechanics Bancorp — Form 8-K

Mechanics Bancorp reported Q2 2026 net income of $57.7 million ($0.25 diluted EPS) versus $44.1 million in Q1 2026. Total assets: $21.2 billion; total loans: $13.6 billion; total deposits: $18.1 billion. The company substantially completed integration of its September 2, 2025 HomeStreet merger (Mechanics Bank was accounting acquirer), incurred $5.9 million merger costs in Q2, and closed the sale of its Fannie Mae DUS business line to Fifth Third for ~$126 million. Capital ratios remain strong: 14.39% CET1, 8.71% Tier 1 Leverage. Dividends paid: $0.70/share Class A in Q2 2026; $1.10/share YTD. Management expects ~$430M run-rate core non-interest expense (ex-CDI amortization) by Q4 2026 and ~17-18% ROATCE in 2027 and beyond.