1st Colonial Bancorp (OTCPK: MBP) reported net income of $2.2M for Q4 2025 and $7.3M for full-year 2025. Core (non-GAAP) Q4 net income was $3.1M. Net interest income rose to $27.0M for 2025 while net interest margin was 3.28% for the year. Noninterest income grew 54% to $5.8M in 2025, aided by $1.3M in payroll tax refunds (ERC). Noninterest expense increased 25% to $23.5M, driven by merger-related costs. Total assets were $882.5M and deposits grew to $789.6M. The company reiterated its planned strategic merger with Mid Penn and scheduled a special shareholder meeting for February 11, 2026.
1st Colonial Bancorp (OTCPK: MBP) reported Q3 2025 net income of $1.1M ($0.23 diluted), down 38% year-over-year but up 49% sequentially; core net income (non-GAAP) was $1.9M. Net interest income rose to $6.8M and net interest margin improved to 3.35%. Book value per share increased to $17.56 as of Sept 30, 2025. The company recorded $744k of merger-related expenses after agreeing to be acquired by Mid Penn Bancorp in a cash-and-stock deal valued at approximately $101M, expected to close in late Q1 or early Q2 2026, subject to approvals. Loans totaled $623.6M, deposits were $722.1M, and investments declined to $124.2M.
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.
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