MID PENN BANCORP INC MPB
Mid Penn Bancorp, Inc.
Mid Penn Bancorp, Inc. is a financial holding company incorporated in August 1991 in the Commonwealth of Pennsylvania. Mid Penn Bancorp, Inc. and its wholly owned bank and nonbank subsidiaries are collectively referred to herein as "Mid Penn" or the "Corporation." On December 31, 1991, Mid Penn acquired, as part of the holding company formation, all of the outstanding common stock of Mid Penn Bank, and the Bank became a wholly-owned subsidiary of Mid Penn.
In addition to Mid Penn Bank, Mid Penn maintains six wholly-owned nonbank subsidiaries: MPB Financial Services, LLC, that serves as the mid-tier holding company for MPB Risk Services, LLC, a licensed insurance producer, MPB Acquisition Sub I, LLC, which was formed in connection with the acquisition of Cumberland Advisors, LLC. See "Subsequent Events" for additional information; MPB Wealth Management, LLC, which ceased operating during the first quarter of 2024; MPB Launchpad Fund I, LLC, which was formed to hold certain financial holding company eligible investments; and MPB Realty Holding, LLC, which was formed for purposes of holding certain assets acquired for debts previously contracted. As of December 31, 2025, the accounts and activities of these nonbank subsidiaries were not material to warrant separate disclosure or segment reporting. Mid Penn's primary business is to supervise and coordinate the business of the Bank and its nonbank subsidiaries, and to provide them with the capital and resources to fulfill their respective missions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $323.8M | $286.6M | $236.3M | $165.6M | $123.3M | $107.9M | $95.3M | $68.7M | $43.9M | $40.2M |
| Interest expense | $199.1M | $156.7M | $147.0M | $147.8M | $14.8M | $19.7M | $25.2M | $12.7M | $6.3M | $5.4M |
| Pre-tax income | $72.4M | $60.0M | $44.7M | $67.3M | $36.1M | $31.3M | $21.4M | $12.7M | $11.6M | $10.1M |
| Income tax | $16.1M | $10.6M | $7.3M | $12.5M | $6.7M | $5.1M | $3.7M | $2.1M | $4.5M | $2.3M |
| Net income | $56.2M | $49.4M | $37.4M | $54.8M | $29.3M | $26.2M | $17.7M | $10.6M | $7.1M | $7.8M |
| EPS, basic | 2.59 | 2.90 | 2.29 | 3.44 | 2.71 | 3.11 | 2.09 | 1.48 | 1.67 | 1.85 |
| EPS, diluted | 2.55 | 2.90 | 2.29 | 3.44 | 2.71 | 3.10 | 2.09 | 1.48 | 1.67 | 1.85 |
| Shares, diluted (wtd. avg.) | $22.0M | $17.1M | $16.4M | $15.9M | $10.8M | $8.4M | $8.5M | $7.1M | $4.3M | $4.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $46.7M | $37.0M | $45.4M | $53.4M | $41.1M | $31.3M | $25.7M | $24.6M | $19.8M | $13.5M |
| Property, plant and equipment | $48.7M | $38.8M | $36.9M | $34.5M | $33.2M | $24.9M | $24.9M | $25.3M | $16.2M | $11.1M |
| Goodwill | $136.6M | $128.2M | $127.0M | $114.2M | $113.8M | $62.8M | $62.8M | $62.8M | $3.9M | $3.9M |
| Other intangibles | $14.7M | $6.2M | $6.5M | $7.3M | $9.4M | $4.4M | $5.8M | $7.2M | $434.0K | $539.0K |
| Total assets | $6.13B | $5.47B | $5.29B | $4.50B | $4.69B | $3.00B | $2.23B | $2.08B | $1.17B | $1.03B |
| Short-term debt | $20.8M | $2.0M | $241.5M | $102.6M | $0 | $125.6M | $0 | $43.1M | $34.6M | — |
| Total liabilities | $5.32B | $4.82B | $4.75B | $3.99B | $4.20B | $2.74B | $1.99B | $1.85B | $1.09B | $962.1M |
| Retained earnings | $219.7M | $181.6M | $146.0M | $133.1M | $91.0M | $70.2M | $50.9M | $39.6M | $32.6M | $28.4M |
| Total equity | $814.1M | $655.0M | $542.4M | $512.1M | $490.1M | $255.7M | $237.9M | $223.5M | $75.7M | $70.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80.0M | $51.4M | $52.3M | $60.0M | $65.9M | $14.1M | $7.8M | $11.0M | $11.9M | $21.8M |
| Depreciation and amortisation | $4.9M | $4.9M | $4.9M | $4.3M | $3.3M | $3.2M | $2.8M | $2.4M | $1.5M | $1.7M |
| Stock-based compensation | $2.0M | $1.0M | $1.1M | $1.1M | $696.0K | $414.0K | — | — | — | — |
| Capital expenditure | $8.2M | $6.9M | $2.8M | $4.2M | $3.5M | $3.7M | $3.9M | $9.0M | $6.9M | $775.0K |
| Investing cash flow | $83.2M | -$208.7M | -$408.9M | -$704.7M | $169.4M | -$588.9M | -$27.0M | $21.8M | -$163.8M | -$86.8M |
| Financing cash flow | -$134.8M | $131.2M | $392.5M | -$208.2M | $374.8M | $739.5M | $118.1M | -$16.3M | $129.4M | $97.6M |
| Dividends paid | $18.2M | $13.8M | $13.0M | $12.7M | $8.9M | $6.5M | $6.7M | $4.5M | $2.2M | $2.5M |
| Buybacks | $2.2M | $323.0K | $4.9M | $3.0M | $128.0K | $1.8M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000879635-26-000026.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |