MPB
Mid Penn Bancorp, Inc.32.21
-0.13-0.4%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
742.39MP/E (TTM)
13.31Basic EPS (TTM)
2.42Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Mid Penn Bancorp posted solid Q3 momentum with net interest income up 34% y/y to $53.6M and net income jumping 49% y/y to $18.3M ($0.79 diluted EPS), fueled by the April 2025 William Penn acquisition that added 12 branches, $405M loans, and $620M deposits while recognizing $6.9M goodwill and $9.0M core deposit intangibles. Loans grew 8.5% q/q to $4.8B, deposits 13.9% q/q to $5.3B, and cash swelled to $257M; credit stayed tight with a $187K benefit for credit losses (derived) versus $621K provision y/y. Non-GAAP metrics not disclosed in the 10-Q. Liquidity sits strong at $1.7B FHLB capacity. Yet regulatory approvals for the pending 1st Colonial merger loom as a key hurdle.
8-K
Q3 earnings beat, dividend up
Mid Penn Bancorp crushed Q3 earnings with $18.3 million net income, $0.79 diluted EPS—beating estimates—fueled by NIM expansion to 3.60% and noninterest income surge. Board hiked the quarterly dividend 10% to $0.22 per share, payable November 24. Loans hit $4.8B; organic growth stalled amid CRE payoffs. Deals pending: $101M 1st Colonial merger, $3.3B AUM Cumberland buy.
8-K
Exec pay hikes disclosed
Mid Penn Bancorp amended supplemental retirement plans for executives Webb, Micklewright, and Space on August 22, 2025, boosting normal retirement benefits to $125,000 annually—rising 2.0% yearly post-2026 for Webb and Micklewright. Space's change-in-control agreement now offers a 2.5x base salary lump sum and 30 months of benefits upon qualifying termination. Vesting unchanged. Executives get richer payouts.
10-Q
Q2 FY2025 results
Mid Penn's Q2 net interest income jumped 24% y/y to $48.2M on 15% loan growth to $4.8B, fueled by the April William Penn acquisition (closed April 30 for $103.2M all-stock, adding 12 branches, $5.7M goodwill, $9.0M core deposit intangibles). Yet merger costs hit $11.0M and stock comp swelled salaries, dragging net income to $4.8M ($0.22 diluted EPS, down 69% y/y; reconciles to 21.6M shares). Cash swelled to $337M; FHLB capacity $1.6B. Loans solid, nonperformers 0.58%. Acquisition integration smooths out.
8-K
Q2 investor update released
Mid Penn Bancorp released its Q2 2025 investor presentation under Regulation FD, highlighting the April 30 completion of the $120 million William Penn Bancorporation acquisition, boosting assets to $6.4B, deposits to $5.4B, and TCE/TA to 10.1%. Loan/deposit ratio improved to 88.7% while credit quality stays strong at 0.44% NPAs/assets. Integration drives synergies.
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