Mid Penn Bancorp, Inc. reports developments for a Pennsylvania financial holding company whose subsidiaries include Mid Penn Bank and MPB Financial Services, LLC. The company’s news commonly covers quarterly earnings, loan growth, asset quality, net interest margin, expense trends, dividend declarations and common-stock repurchase authorizations.
Mid Penn updates also include completed bank and advisory acquisitions, integration activity, leadership appointments and expansion of commercial banking and wealth management capabilities. Its operating footprint is centered on Pennsylvania and central and southern New Jersey, with banking services that include loans, deposits, mortgages, private banking, insurance, trust and investment advisory offerings.
Mid Penn Bancorp (NASDAQ: MPB) reported third-quarter 2026 net income available to common shareholders of $21.6 million, up 18.2% year over year. Diluted earnings per share rose to $0.84 from $0.79. Earnings fell 0.3% from the second quarter. Net interest income was $64.6 million, versus $65.3 million sequentially and $53.6 million a year earlier.
Net interest margin was 3.92%, down from 4.06% sequentially but above 3.60% a year earlier. Loans reached $5.6 billion and deposits reached $6.1 billion. Nonperforming assets rose to $47.0 million from $36.8 million in June. Noninterest expense increased 1.7% sequentially to $48.6 million, while noninterest income fell 5.2% to $10.0 million. Mid Penn expects financial-center closures to generate ongoing savings with an earnback period below one year. The quarterly $0.23 dividend is payable November 13, 2026, to shareholders of record November 2.
Mid Penn Bancorp (MPB) subsidiary Mid Penn Bank has named Christopher Nestore senior executive vice president and chief risk officer. He will lead the Bank’s enterprise risk management function and report to president and CEO Rory Ritrievi. Nestore has 30 years of financial services experience and most recently served as executive vice president and head of U.S. operational and model risk management at TD Bank.
Mid Penn Bancorp (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, announced the appointment of Gregory B. Braca to its Board of Directors, effective September 16, 2026. Braca is the former president and CEO of TD Bank, where he oversaw U.S. retail, commercial, and specialty banking operations for a bank with over $400 billion in assets.
According to Mid Penn, Braca brings more than 40 years of financial services leadership, including prior roles as TD Bank COO and head of corporate and specialty banking. He currently serves as chairman of Ironlight, holds board and advisory positions at several financial and technology firms, and has chaired the New York Bankers Association.
Mid Penn Bancorp (NASDAQ: MPB) reported second-quarter 2026 net income available to common shareholders of $21.7 million, or $0.86 basic and $0.85 diluted EPS, up from $4.8 million, or $0.22 per share, a year earlier and above the $0.79 consensus diluted EPS estimate. Net interest income rose to $65.3 million and tax-equivalent net interest margin improved to 4.06% from 3.80% in Q1 2026 and 3.44% in Q2 2025. Total loans reached $5.6 billion, up 16.2% year over year, including the 1st Colonial acquisition, while organic loan growth since June 30, 2025 was $186.8 million. Deposits totaled $6.0 billion, up 9.2% year over year, though organic deposits declined $243.4 million primarily due to a planned reduction in brokered CDs. The core efficiency ratio improved to 59.82%. Book value per share rose to $35.62 and tangible book value per share to $28.18. The Board declared a quarterly dividend of $0.23 per share, a 4.55% increase and the 63rd consecutive quarterly dividend, and the company repurchased 76,000 shares in the quarter.
Mid Penn Bancorp (NASDAQ: MPB) reauthorized and expanded its treasury stock repurchase program, adding authorization to repurchase up to $50 million of common stock and extending the program through April 30, 2027.
Repurchases may occur in open market or private transactions, including Rule 10b5-1 plans, at management's discretion; the program may be modified, suspended, or terminated without notice and does not obligate repurchases.
Mid Penn Bancorp (NASDAQ: MPB) reported first quarter 2026 results and declared its 62nd consecutive quarterly dividend. GAAP net income available to common shareholders was $8.7 million ($0.36 per share), while adjusted net income rose 10.0% to $15.3 million and adjusted EPS was $0.64.
The quarter included the completed acquisitions of 1st Colonial (closed Feb 27, 2026; $842.5M assets, $597.5M loans) and Cumberland Advisors (AUM ~$3.2B). Mid Penn raised its repurchase program by $50.0 million and declared a $0.22 per share dividend payable May 15, 2026.
Mid Penn Bancorp (NASDAQ: MPB) completed its acquisition of 1st Colonial Bancorp on February 27, 2026. The cash-and-stock deal was valued at approximately $106.1 million and expands Mid Penn’s footprint into the greater Philadelphia metropolitan area and southern New Jersey. The combined company reports consolidated assets of approximately $7 billion. Thomas R. Brugger, a former 1st Colonial director, joined Mid Penn’s board effective at the merger close.
Mid Penn Bancorp (NASDAQ: MPB) will acquire 1st Colonial Bancorp (OTCPK: FCOB) after 1st Colonial shareholders overwhelmingly approved the merger on February 11, 2026.
Over 80% of outstanding 1st Colonial shares were represented; the final inspector tally was 3,993,902 FOR, 456 AGAINST, and 0 ABSTAIN. The Agreement and Plan of Merger is dated September 24, 2025. On a pro forma basis following closing, Mid Penn expects to have approximately $7.5 billion in assets as of March 31, 2026, and to extend its footprint into the Greater Philadelphia area, Southeastern Pennsylvania, and Southern New Jersey.
Mid Penn Bancorp (NASDAQ: MPB) and 1st Colonial Bancorp announced they received all required regulatory approvals for Mid Penn to acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million. Pending 1st Colonial shareholder approval and customary closing conditions, the parties expect to close in Q1 2026.
Upon closing, 1st Colonial will be merged into Mid Penn Bank and Mid Penn is expected to have about $7.5 billion in pro forma assets as of March 31, 2026, expanding Mid Penn’s footprint in the greater Philadelphia metro, southeastern Pennsylvania, and southern New Jersey.
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