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Jun 30, 2020
Mid Penn Bancorp Q2 2020 Earnings Report
Reported record quarterly earnings and declared dividend.
Key Takeaways
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.
Net income to common shareholders for the quarter ended June 30, 2020 was $6,833,000, or $0.81 per common share basic and diluted.
Quarterly net income and quarterly earnings per share represent the highest on record for Mid Penn Bancorp, Inc.
Total assets reached $2,922,365,000 as of June 30, 2020, a 37 percent increase compared to June 30, 2019.
The Board of Directors declared a quarterly dividend of $0.18 per common share, payable on August 24, 2020.