Loading…
Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, institutional clients, partnerships, non-profit organizations, businesses, and corporations in Pennsylvania and New Jersey, the United States. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans; and personal loans and lines of credit, home equity lines of credit, commercial lines of credit, commercial real estate financing, SBA loans, and agricultural loans. In addition, the company offers trust, retail investment, wealth management, and personal and business insurance services; private banking; insured cash sweep; debit, credit, and gift cards; online bill payment; and online and telephone banking, cash management, automated teller services, and safe deposit boxes. Mid Penn Bancorp, Inc. was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $223M | - | $56M | $72M | 6.9% | 25.9% | 13.8% |
| 2024 | $177M | - | $49M | $44M | 7.5% | 7.1% | 32.2% |
| 2023 | $165M | - | $37M | $50M | 6.9% | -2.6% | -31.8% |
| 2022 | $169M | - | $55M | $56M | 10.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 169.48 | 165.02 | 176.80 | 222.61 |
| Pretax Income | 67.35 | 44.69 | 60.03 | 72.37 |
| Tax Provision | 12.54 | 7.30 | 10.60 | 16.12 |
| Net Income | 54.81 | 37.40 | 49.44 | 56.25 |
| Net Income Common Stockholders | 54.81 | 37.40 | 49.44 | 56.25 |
| Interest Expense | 17.77 | 89.37 | 129.91 | 124.67 |
| Interest Income | 165.60 | 236.34 | 286.58 | 323.77 |
| Selling General And Administration | 54.20 | 62.84 | 68.27 | 81.48 |
| Normalized Income | 55.20 | 44.39 | 49.95 | 65.70 |
| Basic EPS | 3.44 | 2.29 | 2.90 | 0 |
| Diluted EPS | 3.44 | 2.29 | 2.90 | 0 |
| Tax Effect Of Unusual Items | -0.09 | -1.36 | -0.11 | -2.71 |
| Tax Rate For Calcs | 0.19 | 0.16 | 0.18 | 0.22 |
| Total Unusual Items | -0.49 | -8.35 | -0.62 | -12.16 |
| Total Unusual Items Excluding Goodwill | -0.49 | -8.35 | -0.62 | -12.16 |
| Net Income From Continuing Operation Net Minority Interest | 54.81 | 37.40 | 49.44 | 56.25 |
| Reconciled Depreciation | 6.47 | 6.86 | 6.83 | 8.08 |
| Net Interest Income | 147.83 | 146.97 | 156.67 | 199.09 |
| Net Income From Continuing And Discontinued Operation | 54.81 | 37.40 | 49.44 | 56.25 |
| Diluted Average Shares | 15.93 | 16.33 | 17.03 | 0 |
| Basic Average Shares | 15.93 | 16.33 | 17.03 | 0 |
| Diluted NI Availto Com Stockholders | 54.81 | 37.40 | 49.44 | 56.25 |
| Net Income Including Noncontrolling Interests | 54.81 | 37.40 | 49.44 | 56.25 |
| Net Income Continuous Operations | 54.81 | 37.40 | 49.44 | 56.25 |
| Special Income Charges | -0.62 | -8.50 | -0.55 | -11.52 |
| Other Special Charges | 1.03 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.62 | 8.50 | 0.55 | 11.52 |
| Gain On Sale Of Security | 1.47 | 0.32 | 0.01 | 0.02 |
| Depreciation Amortization Depletion Income Statement | 2.01 | 1.78 | 1.78 | 3.05 |
| Depreciation And Amortization In Income Statement | 2.01 | 1.78 | 1.78 | 3.05 |
| Amortization | 2.01 | 1.78 | 1.78 | 3.05 |
| Amortization Of Intangibles Income Statement | 2.01 | 1.78 | 1.78 | 3.05 |
| General And Administrative Expense | 54.20 | 62.84 | 68.27 | 81.48 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.59 | 3.50 | 4.17 | 3.45 |
| Salaries And Wages | 52.60 | 59.34 | 64.10 | 78.03 |
| Operating Revenue | 169.48 | 165.02 | 176.80 | 222.61 |
| Occupancy And Equipment | 11.39 | 12.47 | 12.50 | 14.93 |
| Professional Expense And Contract Services Expense | 2.76 | 2.94 | 4.31 | 3.88 |
| Other Non Interest Expense | 26.85 | 28.09 | 27.85 | 34.09 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mid Penn Bancorp, Inc.this co. | MPB | $840M | 15.06↑ premium | 0.94 | 6.9% | - |
| NB Bancorp, Inc. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| TrustCo Bank Corp NY | TRST | $865M | 13.37 | 1.19 | 8.9% | - |
| Five Star Bancorp | FSBC | $865M | 12.84 | 1.94 | 13.8% | - |
| Ridgepost Capital, Inc | RPC | $842M |
| 45.00 |
| 2.39 |
| 4.8% |
| 10.84 |
| Farmers National Banc Corp. | FMNB | $824M | 9.60 | 1.08 | 11.2% | - |
| Root, Inc. | ROOT | $821M | 21.99 | 2.83 | 14.2% | 6.98 |
| World Acceptance Corporation | WRLD | $816M | 8.50 | 1.73 | 20.4% | - |
| Camden National Corporation | CAC | $811M | 10.21 | 1.17 | 9.4% | - |
| Peer Median | - | 13.11 | 1.46 | 10.3% | 8.91 | |