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Mid Penn Bancorp, Inc. (NASDAQ:MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended September 30, 2024 of $12.3 million, or $0.74 per diluted common share, compared to net income of $9.2 million, or $0.56 per diluted common share, for the third quarter of 2023 and a consensus analyst estimate of $0.72 per diluted common share for the third quarter of 2024. Key Highlights of the Third Quarter of 2024: Net income available to common shareholders increased 33.2% to $12.3 million, or $0.74 per diluted common share, for the third quarter of 2024, compar
Mid Penn Bancorp, Inc. (NASDAQ:MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended June 30, 2024, of $11.8 million, or $0.71 per diluted common share, compared to net income of $4.8 million, or $0.29 per diluted common share, for the second quarter of 2023 and consensus estimate of $0.60 per diluted common share. Key Highlights of the Second Quarter of 2024: Net income available to common shareholders increased 143.4% to $11.8 million, or $0.71 per diluted common share, for the second quarter of 2024, compared to net income of $4.8 million, or $
Mid Penn Bancorp, Inc. (NASDAQ:MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2024, of $12.1 million, or $0.73 per diluted common share, versus analyst consensus of $0.61 per share. Key Highlights of the First Quarter of 2024: Loan growth for the first quarter of 2024 was $64.7 million, or 6.1% (annualized). Total loans increased $706.1 million compared to the first quarter of 2023. Excluding the Brunswick loans of $324.5 million acquired in 2023, organic loan growth for the quarter ended March 31, 2024, from the quarter ended Mar
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Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) and William Penn Bancorporation ("William Penn") (NASDAQ:WMPN) announced today that shareholders from both Mid Penn and William Penn overwhelmingly approved Mid Penn's proposed acquisition of William Penn at special meetings of their respective shareholders held on April 2, 2025. "The level of support for this transaction was tremendous," Mid Penn President and CEO Rory G. Ritrievi said. "Of the total number of votes received, over 96% of William Penn shares voted in favor of the merger, and more than 98% of Mid Penn shares voted in favor of our issuance of common stock in connection with the merger." The merger will further extend Mid Penn
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) and William Penn Bancorporation ("William Penn") (NASDAQ:WMPN) announced today that they have received all required approvals from the applicable bank regulatory agencies to complete the proposed merger of William Penn with and into Mid Penn. Pending receipt of approval from shareholders of Mid Penn and William Penn, and certain other customary closing conditions, the parties intend to close the transaction in the second quarter of 2025. Following completion of the merger, William Penn Bank will be merged with and into Mid Penn Bank. "We are pleased to have received regulatory approval of our merger that supports our growth objectives, compl
Mid Penn Bancorp, Inc. (NASDAQ:MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended December 31, 2024, of $13.2 million, or $0.72 per diluted common share, compared to net income of $12.1 million, or $0.73 per diluted common share, for the fourth quarter of 2023, and a consensus analyst estimate of $0.71 per diluted common share for the fourth quarter of 2024. Key Highlights of the Fourth Quarter of 2024: Net income available to common shareholders increased 9.4% to $13.2 million, or $0.72 per diluted common share, for the fourth quarter of 2024,
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB), the parent company of Mid Penn Bank (the "Bank"), announces the appointment of Justin T. Webb as chief financial officer, effective January 8, 2024. Webb has been an integral part of the Bank since 2012, having served most recently as senior executive vice president and chief operating officer. Mid Penn Chair, President, and CEO Rory G. Ritrievi commented, "I could not be more pleased to announce Justin's appointment as the CFO of Mid Penn Bancorp, Inc. and Mid Penn Bank. We are fortunate to have someone of Justin's caliber and experience already within the Bank and ready to take on this role. His experience with the company is deep as he
HARRISBURG, Pa., May 25, 2023 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ:MPB), headquartered in Harrisburg, Pennsylvania, is pleased to announce the appointment of Mr. Albert J. (BJ) Evans to its Board of Directors, effective May 19, 2023. Mr. Evans is the President of Fanelli, Evans & Patel, P.C., and has been a trial attorney for 30 years. He is licensed to practice law in Pennsylvania and New Jersey, and is a board member of the Pennsylvania Trial Lawyers Association. He has also served on the boards of Riverview Financial and the Union Bank and Trust Company. Mid Penn Chair, President, and CEO Rory G. Ritrievi stated, "We are thrilled to welcome BJ to our Board of
HARRISBURG, Pa., May 25, 2023 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (Mid Penn) (NASDAQ:MPB), headquartered in Harrisburg, Pennsylvania, is pleased to announce the appointment of Joel L. Frank to its Board of Directors, effective May 19, 2023. Mr. Frank previously served as a director of Mid Penn Bank, the wholly-owned subsidiary of Mid Penn. He is the Chairman and Managing Partner of Lamb McErlane PC and concentrates his practice in commercial and civil litigation, attorney and judicial discipline and ethical matters, as well as election law. Mid Penn Chair, President, and CEO Rory G. Ritrievi stated, "We are thrilled to welcome Joel to our Board of Directors. He is highly respected
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Piper Sandler upgraded Mid Penn Bancorp from Neutral to Overweight and set a new price target of $30.00 from $27.00 previously
Stephens & Co. initiated coverage of Mid Penn Bancorp with a rating of Overweight and set a new price target of $30.00
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