Welcome to our dedicated page for MBP news (Ticker: mbp), a resource for investors and traders seeking the latest updates and insights on MBP stock.
Mid Penn Bancorp, Inc. (MBP) delivers community-focused banking services across Pennsylvania, blending traditional values with modern financial solutions. This news hub provides investors and stakeholders with essential updates on MBP's strategic initiatives and market position.
Access real-time press releases, regulatory filings, and curated analysis covering earnings reports, leadership changes, and product innovations. Our repository simplifies tracking of MBP's commercial lending developments, digital banking expansions, and community impact programs.
Key updates including merger activity, dividend announcements, and regulatory compliance matters are systematically organized for efficient research. Bookmark this page for continuous access to MBP's evolving story in regional banking.
Mid Penn Bancorp (NASDAQ: MPB) reported strong earnings for Q2 2024, with net income up 143.4% to $11.8 million, or $0.71 per diluted share, surpassing the consensus estimate of $0.60. This compares to net income of $4.8 million, or $0.29 per diluted share, in Q2 2023. For the first half of 2024, net income increased 48.82% to $23.9 million.
Key highlights include:
- Loan growth: $47.1 million (4.4% annualized); total loans up 8.18% YoY
- Deposit growth: $122.6 million (11.3% annualized)
- Net interest margin: 3.12%, up from 2.97% in Q1 2024
- Book value per share: $33.76, up from $31.74 in Q2 2023
- Nonperforming assets: Decreased by 33% QoQ
The Board declared a $0.20 cash dividend per share, payable on August 26, 2024, to shareholders of record as of August 9, 2024.
