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.
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.
Mid Penn Bancorp (NASDAQ: MPB) and William Penn Bancorporation (NASDAQ: WMPN) have secured all necessary regulatory approvals for their proposed merger. The transaction, pending shareholder approvals and customary closing conditions, is scheduled to close in the second quarter of 2025.
The merger will expand Mid Penn's presence in the Greater Philadelphia Metro market, Southeastern Pennsylvania, and Central New Jersey. Upon completion, William Penn Bank will merge into Mid Penn Bank, with the combined entity projected to have $6.3 billion in assets on a pro forma basis.
Mid Penn Bancorp (NASDAQ: MPB) reported strong Q4 2024 earnings with net income of $13.2 million ($0.72 per diluted share), beating analyst estimates of $0.71. This represents a 9.4% increase from Q4 2023's $12.1 million. Full-year 2024 net income rose 32.2% to $49.4 million ($2.90 per share).
Key financial metrics include: net interest margin increase to 3.21%, cost of funds decrease to 2.66%, and total loans growth of 4.5% to $4.4 billion. Total deposits increased 7.91% to $4.7 billion. The company completed a public offering of 2,375,000 shares at $29.50 per share and announced a merger agreement with William Penn Bancorporation valued at approximately $107 million.
The Board declared its 57th consecutive quarterly dividend of $0.20 per share, payable February 18, 2025. Asset quality remained strong with minimal net charge-offs of 0.009% of total average loans in Q4 2024.
Mid Penn Bancorp (NASDAQ: MPB) has completed its underwritten public offering of 2,375,000 shares of common stock at $29.50 per share, raising gross proceeds of $70 million. The net proceeds after expenses are expected to be approximately $67 million. The underwriters exercised their option to purchase an additional 356,250 shares. The company plans to use the proceeds to support continued growth, potential subordinated debt redemption, and strategic transactions. Stephens Inc. and Piper Sandler & Co. acted as book-running managers for the offering.
Mid Penn Bancorp (NASDAQ: MPB) has announced the pricing of its public offering of 2,375,000 shares of common stock at $29.50 per share, totaling $70 million. The company expects net proceeds of approximately $67 million after deducting underwriting discounts and expenses. The underwriters have a 30-day option to purchase up to 356,250 additional shares. Stephens Inc. and Piper Sandler & Co. are acting as book-running managers. The proceeds will support continued growth, investments in Mid Penn Bank, potential subordinated debt redemption, future strategic transactions, and general corporate purposes.
Mid Penn Bancorp (NASDAQ: MPB) and William Penn Bancorporation (NASDAQ: WMPN) have announced a definitive merger agreement valued at approximately $127 million in an all-stock transaction. William Penn shareholders will receive 0.4260 shares of Mid Penn common stock for each William Penn share. The merger will create a combined entity with $6.3 billion in total assets, $4.9 billion in total loans, and $5.3 billion in total deposits. William Penn currently operates 12 branches across Pennsylvania and New Jersey, with $812 million in total assets. The transaction is expected to close in the first half of 2025, subject to regulatory and shareholder approvals.