Mechanics Bancorp (MCHB) Rent Expense (2011 - 2026)
Mechanics Bancorp (MCHB) posted quarterly Rent Expense of $12.4 million for Q1 2026, up 55.91% year-over-year from $8.0 million in Q1 2025, and up 3.86% quarter-over-quarter from $12.0 million in Q4 2025.
Mechanics Bancorp (MCHB) Rent Expense (2011 - 2026) Analysis & Trends
Mechanics Bancorp (MCHB) has reported Rent Expense for 16 consecutive years, with $12.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense rose 55.91% year-over-year to $12.4 million; the TTM figure through Mar 2026 stood at $38.8 million (up 32.39% YoY), while the FY2025 annual figure was $37.8 million, up 17.11% from the prior year.
- Rent Expense improved to $12.4 million in Q1 2026 per MCHB's latest filing, from $12.0 million in the prior quarter.
- Across five years, Rent Expense topped out at $12.4 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Rent Expense declined 12.97% — and 2026, when it surged 55.91%.
- Mechanics Bancorp's Rent Expense stood at $6.2 million in 2022, then slipped by 12.97% to $5.4 million in 2023, then jumped by 51.66% to $8.2 million in 2024, then soared by 45.94% to $12.0 million in 2025, then increased by 3.86% to $12.4 million in 2026.
- Business Quant data shows MCHB's Rent Expense at $12.4 million in Q1 2026, $12.0 million in Q4 2025, and $9.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Mechanics Bancorp | 3.63 Bn | 3.03 Bn | - | 11.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.85 Mn |
| Jun 30, 2026 | 11.85 Mn |
| Mar 31, 2026 | 12.43 Mn |
| Mar 31, 2026 | 12.43 Mn |
| Dec 31, 2025 | 11.97 Mn |
| Dec 31, 2025 | 11.97 Mn |
| Sep 30, 2025 | 9.57 Mn |
| Sep 30, 2025 | 9.57 Mn |
| Jun 30, 2025 | 4.87 Mn |
| Jun 30, 2025 | 4.87 Mn |
| Mar 31, 2025 | 7.97 Mn |
| Mar 31, 2025 | 7.97 Mn |
| Dec 31, 2024 | 8.20 Mn |
| Dec 31, 2024 | 8.20 Mn |
| Sep 30, 2024 | 8.03 Mn |
| Sep 30, 2024 | 8.03 Mn |
| Jun 30, 2024 | 5.13 Mn |
| Jun 30, 2024 | 5.13 Mn |
| Mar 31, 2024 | 5.43 Mn |
| Mar 31, 2024 | 5.43 Mn |