Mid Penn Bancorp Earnings Reports

Mid Penn Bancorp, Inc. reported net income available to common shareholders of $13.7 million, or $0.71 per diluted common share, for the first quarter of 2025. This represents a 13.3% increase in net income compared to the first quarter of 2024. The company also saw an increase in net interest margin and loan and deposit growth, alongside an improved core efficiency ratio.

Mid Penn Bancorp reported a strong fourth quarter with net income available to common shareholders increasing by 9.4% to $13.2 million, or $0.72 per diluted common share. The company completed a public offering of common stock and announced a merger agreement with William Penn Bancorporation. The board declared a cash dividend of $0.20 per common share.

Mid Penn Bancorp reported a strong third quarter with net income available to common shareholders increasing by 33.2% to $12.3 million, or $0.74 per diluted common share. The results exceeded analyst estimates and were driven by strategies including restrained loan growth, robust core deposit growth and strong asset quality. The Board of Directors declared a cash dividend of $0.20 per common share.

Mid Penn Bancorp reported a strong second quarter with net income available to common shareholders increasing by 143.4% to $11.8 million, or $0.71 per diluted common share, exceeding consensus estimates. The company saw growth in loans and deposits, an increase in net interest margin, and a decrease in nonperforming assets.

Mid Penn Bancorp reported a strong first quarter with net income available to common shareholders of $12.1 million, or $0.73 per diluted common share, surpassing analyst consensus of $0.61 per share. Loan growth was $64.7 million, and deposits increased by $32.9 million. The company's tangible book value per common share increased to $25.23.

Mid Penn Bancorp reported a net income of $12.1 million, or $0.73 per diluted common share, for the fourth quarter of 2023. This represents a 31.0% increase compared to the previous quarter. The company's performance was heavily impacted by the inverted yield curve and competition for core deposits.

Mid Penn Bancorp reported a challenging third quarter of 2023 with net income available to common shareholders of $9.2 million, or $0.56 per diluted common share. The company faced external pressures such as an inverted yield curve and elevated mortgage rates. However, there was significant organic growth on both sides of the balance sheet and a continuous improvement in asset quality metrics.

Mid Penn Bancorp reported a net income of $4.8 million, or $0.29 per diluted common share, for the quarter ended June 30, 2023. The company completed the acquisition of Brunswick Bancorp, which added $391.9 million in total assets, including $324.8 million of loans. Organic deposit growth was $126.0 million, and organic loan growth was $98.3 million for the quarter.

Mid Penn Bancorp reported a net income of $11.2 million for the quarter ended March 31, 2023. The company experienced loan growth at an annualized rate of 11.2% and deposit growth at an annualized rate of 10.7%. The Board announced a quarterly cash dividend of $0.20 per share of common stock.

Mid Penn Bancorp, Inc. reported a net income of $15.7 million, or $0.99 per common share, for the fourth quarter of 2022. This compares favorably to the $607 thousand, or $0.05 per common share, generated in the fourth quarter of 2021, and the $15.5 million, or $0.97 per common share, generated in the third quarter of 2022.

Mid Penn Bancorp reported a strong third quarter with a 26.4% increase in earnings to $15.5 million. The company saw significant improvement in net interest margin and continued organic loan growth. Asset quality remained strong, and the Board declared a quarterly cash dividend of $0.20 per share.

Mid Penn Bancorp reported a net income of $12.3 million, or $0.77 per common share basic and diluted, for the quarter ended June 30, 2022. The quarter was successful due to strong loan growth, smart balance sheet management, continued strength in asset quality and a healthy reduction in expenses. The Board also declared a quarterly cash dividend of $0.20 per share of common stock.

Mid Penn Bancorp reported a strong first quarter with net income available to common shareholders of $11.35 million, or $0.71 per common share. The results reflect a 22% increase over the same period in the prior year, driven by organic growth and the successful completion of the Riverview acquisition.

Mid Penn Bancorp reported net income of $607,000 for the fourth quarter of 2021, or $0.05 per share, compared to $9,011,000, or $1.07 per share for the same quarter in 2020. The results were impacted by merger and acquisition expenses and post-acquisition restructuring expenses related to the acquisition of Riverview Financial Corporation.

Mid Penn Bancorp reported a net income to common shareholders of $9,787,000, or $0.86 per common share basic and diluted, for the quarter ended September 30, 2021, reflecting a 49 percent increase compared to the same period in the prior year. The company's total assets were $3,453,187,000 as of September 30, 2021, a 15 percent increase compared to December 31, 2020.

Mid Penn Bancorp reported a net income of $9.613 million, or $0.93 per common share, for the quarter ended June 30, 2021, compared to $6.833 million, or $0.81 per common share, for the same period in 2020. Total assets increased to $3.462 billion as of June 30, 2021, reflecting a growth of over 15 percent compared to December 31, 2020. The company also completed an impressive follow-on common stock offering and announced an agreement to acquire Riverview Financial Corporation.

Mid Penn Bancorp reported a record first quarter in 2021, with net income to common shareholders of $9,312,000, or $1.10 per share diluted. Total assets reached $3,382,038,000, reflecting a 13 percent increase compared to December 31, 2020. The company experienced strong organic loan and deposit growth, increased net interest income, and a decrease in non-performing assets.

Mid Penn Bancorp reported a record year with net income to common shareholders of $26.209 million, or $3.11 per common share basic and $3.10 per share diluted, for the year ended December 31, 2020. Fourth quarter earnings were $9.011 million, or $1.07 per common share basic and $1.06 per share diluted.

Mid Penn Bancorp reported a net income of $6,547,000, or $0.78 per common share, for the quarter ended September 30, 2020, compared to $4,813,000, or $0.57 per common share, for the same quarter in 2019. The increase in earnings was attributed to a rise in net interest income and noninterest income.

Mid Penn Bancorp reported record quarterly earnings for the quarter ended June 30, 2020, with net income to common shareholders of $6,833,000, or $0.81 per common share basic and diluted. The success was largely impacted by Mid Penn Bank’s participation in the Paycheck Protection Program.

Mid Penn Bancorp reported a net income of $3,818,000 for the quarter ended March 31, 2020, with earnings per share of $0.45. Total assets grew to $2,299,751,000, and the board declared a quarterly dividend of $0.18 per common share.

Mid Penn Bancorp reported net income to common shareholders for the quarter ended December 31, 2019, of $4,408,000, or $0.52 per common share basic and diluted, compared to earnings of $4,585,000, or $0.54 per common share basic and diluted for the quarter ended December 31, 2018.