Welcome to our dedicated page for Mid Penn Bancp news (Ticker: MPB), a resource for investors and traders seeking the latest updates and insights on Mid Penn Bancp stock.
Mid Penn Bancorp, Inc. (NASDAQ: MPB) generates frequent news as an active regional banking and financial services organization headquartered in Harrisburg, Pennsylvania. As the parent company of Mid Penn Bank and MPB Financial Services, LLC, the company reports on commercial banking performance, acquisitions, capital management, and the expansion of its financial services platform.
News coverage for MPB commonly includes quarterly and annual earnings releases, where Mid Penn discusses net income available to common shareholders, net interest income and margin, loan and deposit trends, asset quality measures, and capital ratios. These updates often highlight the impact of acquisitions, such as the completed purchase of William Penn Bancorporation and the acquisition of Cumberland Advisors, on the company’s asset base, loan and deposit balances, and noninterest income.
Investors and observers can also expect news about strategic transactions and corporate developments. Mid Penn has announced agreements to acquire institutions like 1st Colonial Bancorp, Inc., as well as the insurance business of Charis Insurance Group and the investment advisory firm Cumberland Advisors. Press releases describe how these transactions extend Mid Penn’s footprint in Pennsylvania and New Jersey and add capabilities in insurance and investment management.
Other recurring news items include dividend declarations, treasury stock repurchase program updates, regulatory and shareholder approvals for mergers, and executive-related actions such as supplemental executive retirement plans, change in control agreements, and key leadership appointments. For example, Mid Penn has announced the hiring of a chief operating officer to lead loan and deposit operations and has disclosed amendments to executive benefit arrangements.
This news page brings together these categories of information so readers can follow Mid Penn’s financial results, merger and acquisition activity, governance decisions, and leadership changes over time. Regular updates provide context on how the company is managing growth, capital, and its broader financial services strategy.
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Mid Penn Bank (NASDAQ: MPB) appointed Dana Stewart as first executive vice president and chief operating officer, effective January 5, 2026.
Stewart will lead the bank's loan and deposit operations groups and report to President and CEO Rory Ritrievi. He has more than 35 years in financial services, most recently as senior vice president and director of the project management office at First National Bank in Pittsburgh, with prior roles including managing director at BNY Mellon. His experience includes transformation and project delivery, M&A integrations, regulatory exam coordination, enterprise project governance, and vendor management. Stewart holds a BA in Business Administration/Financial Planning from Grove City College and an MBA from Robert Morris University.
Mid Penn Bancorp (NASDAQ: MPB) completed its acquisition of Sarasota-based Cumberland Advisors on January 1, 2026. Cumberland reported approximately $3.2 billion in assets under management as of December 31, 2025 and has been merged into a newly formed Mid Penn acquisition subsidiary operating as Cumberland Advisors, LLC.
The transaction brings Cumberland’s experienced investment advisory team onto Mid Penn’s platform and preserves Cumberland’s fee-for-service advisory model and conservative investment orientation.
Mid Penn Bancorp (NASDAQ: MPB) reported Q3 2025 net income available to common shareholders of $18.3M, or $0.80 basic / $0.79 diluted EPS, versus $12.3M and $0.74 in Q3 2024, and above consensus of $0.71. Net interest margin rose to 3.60% (up 16 bp QoQ, 47 bp YoY). Total loans increased 8.5% to $4.8B and total deposits rose 13.9% to $5.3B YoY (including William Penn acquisition). Mid Penn announced a cash+stock merger with 1st Colonial (~$101M deal) expected in 1H 2026 and agreed to acquire Cumberland Advisors (adds ~$3.3B AUM), and declared a $0.22 quarterly dividend payable Nov 24, 2025.
Mid Penn Bancorp (NASDAQ: MPB) has announced its agreement to acquire Cumberland Advisors, a Sarasota, FL-based Registered Investment Advisory firm. Cumberland brings $3.3 billion in assets under management and recorded $9.0 million in annualized revenue as of Q2 2025.
Cumberland, founded in 1973, specializes in fee-for-service investment management serving advisors, individuals, and institutional investors. The transaction is expected to close in Q4 2025 and be immediately accretive to earnings. Post-acquisition, Cumberland's leadership and team members will join Mid Penn, maintaining their commitment to personalized service and conservative investment approach.
Mid Penn Bancorp (NASDAQ: MPB) has announced a definitive agreement to acquire 1st Colonial Bancorp (OTCPK: FCOB) in a cash and stock transaction valued at approximately $101 million. The deal, expected to close in late Q1 or early Q2 2026, will expand Mid Penn's presence in the greater Philadelphia metropolitan area.
Under the agreement, 60% of 1st Colonial shares will be converted to Mid Penn stock, while 40% will be exchanged for cash. 1st Colonial shareholders can elect to receive either 0.6945 Mid Penn shares or $18.50 in cash per share, valuing the transaction at approximately $20.03 per share.
The combined entity will have pro forma total assets of $7.2 billion, deposits of $6.2 billion, and gross loans exceeding $5.4 billion. The merger is expected to be immediately accretive to Mid Penn's earnings per share, with 1st Colonial shareholders owning approximately 8% of Mid Penn's outstanding shares post-merger.
Mid Penn Bancorp (NASDAQ: MPB) reported Q2 2025 net income of $4.8 million ($0.22 per diluted share), down from $11.8 million ($0.71 per share) in Q2 2024. However, adjusted earnings excluding non-recurring expenses were $15.1 million ($0.70 per share), beating analyst estimates of $0.69.
The quarter was marked by two significant acquisitions: William Penn Bancorporation (adding $757.3M in assets) and Charis Insurance Group's insurance business. Key metrics showed improvement with net interest margin increasing to 3.44%, cost of funds decreasing to 2.44%, and loan yield rising to 6.15%.
Total deposits grew by $717.5 million (60.8% annualized) in Q2, while the loan portfolio expanded by $341.7 million (30.5% annualized). The Board declared its 59th consecutive quarterly dividend of $0.20 per share, payable August 25, 2025.
Mid Penn Bancorp (NASDAQ: MPB) has completed its acquisition of William Penn Bancorporation in an all-stock transaction valued at approximately $120 million. The merger, finalized on April 30, 2025, expands Mid Penn's presence into the Greater Philadelphia and Southern New Jersey markets. The combined company now has consolidated assets of $6.3 billion.
As part of the merger, William Penn Bank has merged with Mid Penn Bank, and Kenneth J. Stephon, former Chairman, President and CEO of William Penn, has been appointed to the Boards of Directors of Mid Penn and Mid Penn Bank. Stephon will serve as Vice Chair of Mid Penn Bank and Chief Corporate Development Officer of both Mid Penn entities.
Mid Penn Bancorp (NASDAQ: MPB) reported Q1 2025 earnings of $13.7 million, or $0.71 per diluted share, beating analyst estimates of $0.63. Net income increased 13.3% compared to Q1 2024's $12.1 million.
Key financial metrics showed improvement with net interest margin rising to 3.37%, up from 3.21% in Q4 2024. Total loans grew by $48.1 million (4.4% annualized) to $4.5 billion, while deposits increased by $42.3 million (3.7% annualized) to $4.7 billion.
The bank's efficiency improved with core efficiency ratio decreasing to 62.79% from 63.9% in Q4 2024. Book value per share increased to $34.50, and the Board declared its 58th consecutive quarterly dividend of $0.20 per share. The company expects to complete its merger with William Penn Bank in mid-Q2 2025.
Mid Penn Bancorp (NASDAQ: MPB) and William Penn Bancorporation (NASDAQ: WMPN) have received overwhelming shareholder approval for their proposed merger, with over 96% of William Penn shares and 98% of Mid Penn shares voting in favor of the transaction.
The strategic merger will expand Mid Penn's presence in the Greater Philadelphia Metro market, Southeastern Pennsylvania, and Central and Southern New Jersey. Upon completion of the merger, Mid Penn is projected to reach $6.3 billion in assets on a pro forma basis.
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