MID PENN BANCORP INC (MPB) Form 8-K — Oct 21, 2026
Mid Penn Bancorp (NASDAQ: MPB) reported Q3 2026 net income of $21.6 million, or $0.85 basic EPS, up 18.2% year-over-year from $18.3 million, driven largely by the William Penn and 1st Colonial acquisitions. Adjusted EPS excluding non-recurring items was $0.88. Loans grew 16.9% YoY to $5.6 billion and deposits rose 14.1% to $6.1 billion, though net interest margin slipped 14 bps sequentially to 3.92% on higher funding costs and lower accretion income. Asset quality stayed solid with minimal net charge-offs, but nonperforming assets rose to $47.0 million from $36.8 million the prior quarter.
Key figures
- Eps
- $0.85 basic / $0.84 diluted
- Eps Beat
- Adjusted EPS of $0.88 excluding non-recurring items
- Revenue
- $64.6 million net interest income for Q3 2026
- Net Income
- $21.6 million net income available to common shareholders, up 18.2% YoY
- Total Assets
- $7.14 billion
- Cash Position
- $169.1 million total cash and cash equivalents
- Shares Outstanding
- 25,342,443 common shares outstanding
- Total loans
- $5.6 billion, up 16.9% YoY
- Total deposits
- $6.1 billion, up 14.1% YoY
- Buyback remaining
- $50.0 million authorized through April 30, 2027; 595,891 shares repurchased at avg $24.82
- Dividend per share
- $0.23 quarterly cash dividend, 64th consecutive
- Noninterest income
- $10.0 million for Q3 2026
- Net interest margin
- 3.92%, up 32 bps YoY but down 14 bps QoQ
- Noninterest expense
- $48.6 million for Q3 2026
- Tier1 capital ratio
- 10.8%
- Book value per share
- $35.62
- Nonperforming assets
- $47.0 million, up from $36.8 million in Q2
- Return on avg assets
- 1.21%
- Return on avg equity
- 9.48%
- Core efficiency ratio
- 60.57%
- Tangible book value per share
- $28.26
AI analysis
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