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Mechanics Bancorp reports $60.6 million in core net income for Q3

The Motley Fool +1 · ·by G4L

MCHB
MCHB Mechanics Bancorp
$14.82 +0.68%
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  1. 1Mechanics Bancorp reported a net income of $46 million for the third quarter.
  2. 2Mechanics Bancorp's AFS securities reinvestment in July was $308 million.
  3. 3Mechanics Bancorp confirmed a plan for $100 million in dividends for the fourth quarter.

So what's the key point?

Mechanics Bancorp earned a profit of $46 million in the third quarter. The company also confirmed a plan to pay $100 million in dividends during the fourth quarter.

Source The Motley Fool +1 · View original ↗

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