Mechanics Bancorp (MCHB) Tax Provisions (2011 - 2026)
Mechanics Bancorp (MCHB) posted quarterly Tax Provisions of $17.8 million for Q1 2026, up 0.66% year-over-year from $17.7 million in Q1 2025, and down 40.03% quarter-over-quarter from $29.6 million in Q4 2025.
Mechanics Bancorp (MCHB) Tax Provisions (2011 - 2026) Analysis & Trends
Mechanics Bancorp (MCHB) has reported Tax Provisions for 16 consecutive years, with $17.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions rose 0.66% year-over-year to $17.8 million; the TTM figure through Mar 2026 stood at $37.0 million (down 21.22% YoY), while the FY2025 annual figure was $53.8 million, up 703.39% from the prior year.
- Tax Provisions retreated to $17.8 million in Q1 2026 per MCHB's latest filing, from $29.6 million in the prior quarter.
- Across five years, Tax Provisions topped out at $29.6 million in Q4 2025 and bottomed at -$10.1 million in Q3 2025.
- Historically, Tax Provisions has averaged $5.5 million across 5 years, with a median of $2.6 million in 2022.
- On a YoY basis, Tax Provisions climbed as much as 2723.48% in 2024 and fell as far as 315.03% in 2024.
- Mechanics Bancorp's Tax Provisions stood at $2.6 million in 2022, then sank by 122.38% to -$592000.0 in 2023, then surged by 2723.48% to $15.5 million in 2024, then surged by 90.91% to $29.6 million in 2025, then slumped by 40.03% to $17.8 million in 2026.
- Business Quant data shows MCHB's Tax Provisions at $17.8 million in Q1 2026, $29.6 million in Q4 2025, and -$10.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 531.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 537.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -939.17 Mn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -821.11 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 1.12 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -175.22 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 262.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 235.00 Mn |
| 10 | Mechanics Bancorp | 3.59 Bn | 2.99 Bn | - | 21.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.56 Mn |
| Mar 31, 2026 | 17.78 Mn |
| Dec 31, 2025 | 29.65 Mn |
| Sep 30, 2025 | -10.06 Mn |
| Jun 30, 2025 | -369,000.00 |
| Mar 31, 2025 | 17.66 Mn |
| Dec 31, 2024 | 15.53 Mn |
| Sep 30, 2024 | 15.54 Mn |
| Jun 30, 2024 | -1.77 Mn |
| Mar 31, 2024 | -3.06 Mn |
| Dec 31, 2023 | -592,000.00 |
| Sep 30, 2023 | -898,000.00 |
| Jun 30, 2023 | -5.18 Mn |
| Mar 31, 2023 | 1.42 Mn |
| Dec 31, 2022 | 2.65 Mn |
| Sep 30, 2022 | 6.08 Mn |
| Jun 30, 2022 | 4.71 Mn |
| Mar 31, 2022 | 4.68 Mn |
| Dec 31, 2021 | 8.30 Mn |
| Sep 30, 2021 | 7.66 Mn |