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 Bank (MPB), a trusted financial institution serving central Pennsylvania since 1868, maintains this dedicated news hub for stakeholders seeking official updates and strategic insights. Our curated collection provides immediate access to all material developments affecting this community-focused bank.
Investors and community members will find essential information including quarterly earnings disclosures, leadership announcements, regulatory updates, and community partnership initiatives. The repository serves as a definitive source for tracking financial performance and understanding MPB's local impact.
Content undergoes rigorous verification to ensure accuracy and relevance, with updates spanning:
• Financial reports and regulatory filings
• Leadership changes and governance updates
• Product launches and service expansions
• Community reinvestment initiatives
Bookmark this page for streamlined access to Mid Penn Bank's latest developments, ensuring you remain informed about this institution's ongoing commitment to Pennsylvania communities through verified financial news sources.
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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