Mechanics Bancorp (MCHB) Rent Expense (2011 - 2026)

Mechanics Bancorp (MCHB) has 16 years of Rent Expense data on file, last reported at $12.4 million in Q1 2026.

• On a quarterly basis, Rent Expense rose 55.91% year-over-year to $12.4 million in Q1 2026; TTM through Mar 2026 was $38.8 million, a 32.39% increase from a year earlier, with the FY2025 full-year figure at $37.8 million, up 17.11% from the prior year.
• Rent Expense for Q1 2026 stood at $12.4 million, up from $12.0 million in the prior quarter.
• Over the last five years, Rent Expense for MCHB reached as high as $12.4 million in Q1 2026 and fell as low as $4.9 million in Q2 2025.
• Historically, Rent Expense has averaged $7.1 million across 5 years, with a median of $6.1 million in 2022.
• Across the five-year window, Rent Expense slipped 12.97% in 2023 and soared 55.91% in 2026, its largest moves.
• Year by year, Rent Expense stood at $6.2 million in 2022, then declined by 12.97% to $5.4 million in 2023, then soared by 51.66% to $8.2 million in 2024, then surged by 45.94% to $12.0 million in 2025, then gained by 3.86% to $12.4 million in 2026.
• Per Business Quant data, the three most recent Rent Expense figures were $12.4 million in Q1 2026, $12.0 million in Q4 2025, and $9.6 million in Q3 2025.