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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425 - MID PENN BANCORP INC (0000879635) (Subject)
8-K - MID PENN BANCORP INC (0000879635) (Filer)
425 - MID PENN BANCORP INC (0000879635) (Subject)
Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), parent company of Mid Penn Bank, announced today that it has entered into an agreement to acquire Sarasota, FL-based Cumberland Advisors ("Cumberland"). Cumberland recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to bring approximately $3.3 billion new assets under management to the combined company. The Company expects the transaction to be earnings-accretive immediately upon closing. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. Upon completion of the transaction, Cumberland leadership and team members will join
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) and 1st Colonial Bancorp, Inc. ("1st Colonial") (OTCPK: FCOB) jointly announced today that they have entered into a definitive agreement pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million. The merger agreement has been unanimously approved by the board of directors of each company. The transaction is expected to close late in the first quarter or early in the second quarter of 2026, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by 1st Colonial shareholders. This press release features multimedia. View the full rel
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, 2025, of $4.8 million, or $0.22 per diluted common share, compared to net income of $11.8 million, or $0.71 per diluted common share, for the second quarter of 2024. Net income, excluding non-recurring income and expenses(1) for the second quarter of 2025, was $15.1 million. Adjusted earnings per common share excluding non-recurring income and expenses(1) was $0.70, exceeding the consensus analyst estimate of $0.69 per diluted common share for the second quart
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
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) and 1st Colonial Bancorp, Inc. ("1st Colonial") (OTCPK: FCOB) jointly announced today that they have entered into a definitive agreement pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million. The merger agreement has been unanimously approved by the board of directors of each company. The transaction is expected to close late in the first quarter or early in the second quarter of 2026, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by 1st Colonial shareholders. This press release features multimedia. View the full rel
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, 2025, of $4.8 million, or $0.22 per diluted common share, compared to net income of $11.8 million, or $0.71 per diluted common share, for the second quarter of 2024. Net income, excluding non-recurring income and expenses(1) for the second quarter of 2025, was $15.1 million. Adjusted earnings per common share excluding non-recurring income and expenses(1) was $0.70, exceeding the consensus analyst estimate of $0.69 per diluted common share for the second quart
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, 2025, of $13.7 million, or $0.71 per diluted common share, compared to net income of $12.1 million, or $0.73 per diluted common share, for the first quarter of 2024, and a consensus analyst estimate of $0.63 per diluted common share for the first quarter of 2025. Key Highlights of the First Quarter of 2025: Net income available to common shareholders increased 13.3% to $13.7 million, or $0.71 per diluted common share, for the first quarter of 2025, compare
Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), parent company of Mid Penn Bank, announced today that it has entered into an agreement to acquire Sarasota, FL-based Cumberland Advisors ("Cumberland"). Cumberland recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to bring approximately $3.3 billion new assets under management to the combined company. The Company expects the transaction to be earnings-accretive immediately upon closing. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. Upon completion of the transaction, Cumberland leadership and team members will join
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
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