Mid Penn Bancorp, Inc. (MPB) 10-Year Financial Performance & Capital Metrics

MPB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutMid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and IRAs. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2021, it operated sixty full-service retail banking locations in Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.Show more

Net Interest Income $157M +6.6%
Total Revenue $307M +20.6%
Net Income $49M +32.2%
Return on Equity 8.26% +16.4%
Net Interest Margin 2.86% +3.1%
Efficiency Ratio 37.37% -18.8%
ROA 0.92% +20.2%
Equity / Assets 11.97% +16.8%
Book Value per Share 38.37 +15.7%
Tangible BV/Share 30.50 +22.0%
Debt/Equity 0.12 -81.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 22.8%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 37.4% efficiency ratio
✓Well capitalized: 12.0% equity/assets
✓Healthy dividend yield of 2.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.71%

5Y23.23%

3Y28.72%

TTM-

Profit (Net Income) CAGR

10Y24.11%

5Y22.8%

3Y19.02%

TTM3.58%

EPS CAGR

10Y6.6%

5Y6.87%

3Y2.28%

TTM-10.65%

ROCE

10Y Avg7.78%

5Y Avg7.53%

3Y Avg8.07%

Latest8.26%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	31.88M	34.84M	37.59M	55.93M	70.15M	88.21M	108.57M	147.83M	146.97M	156.67M
NII Growth %	0.22%	0.09%	0.08%	0.49%	0.25%	0.26%	0.23%	0.36%	-0.01%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	36.49M	40.21M	43.89M	68.65M	95.31M	107.94M	123.32M	165.6M	236.34M	286.58M
Interest Expense	4.61M	5.37M	6.3M	12.72M	25.16M	19.73M	14.75M	17.77M	89.37M	129.91M
Loan Loss Provision	1.06M	1.87M	325K	500K	1.39M	4.2M	2.94M	4.3M	3.29M	2.14M
Non-Interest Income+	4M	5.73M	5.62M	7.46M	12.64M	14.75M	20.5M	21.65M	18.04M	20.13M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	40.49M	45.94M	49.51M	76.11M	107.95M	122.69M	143.83M	187.25M	254.38M	306.71M
Revenue Growth %	0.2%	0.13%	0.08%	0.54%	0.42%	0.14%	0.17%	0.3%	0.36%	0.21%
Non-Interest Expense	26.65M	28.62M	31.29M	50.17M	59.97M	67.42M	90.08M	97.84M	117.03M	114.62M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.17M	10.08M	11.59M	12.72M	21.43M	31.34M	36.05M	67.35M	44.69M	60.03M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.14%	0.23%	0.15%	0.1%	0.68%	0.46%	0.15%	0.87%	-0.34%	0.34%
Pretax Income+	8.17M	10.08M	11.59M	12.72M	21.43M	31.34M	36.05M	67.35M	44.69M	60.03M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.64M	2.28M	4.5M	2.13M	3.73M	5.13M	6.73M	12.54M	7.3M	10.6M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.53M	7.8M	7.09M	10.6M	17.7M	26.21M	29.32M	54.81M	37.4M	49.44M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.15%	0.2%	-0.09%	0.49%	0.67%	0.48%	0.12%	0.87%	-0.32%	0.32%
Net Income (Continuing)	6.53M	7.8M	7.09M	10.6M	17.7M	26.21M	29.32M	54.81M	37.4M	49.44M
EPS (Diluted)+	1.47	1.85	1.67	1.49	2.08	3.10	2.71	3.44	2.29	2.90
EPS Growth %	-0.04%	0.26%	-0.1%	-0.11%	0.4%	0.49%	-0.13%	0.27%	-0.33%	0.27%
EPS (Basic)	1.47	1.85	1.67	1.48	2.09	3.11	2.71	3.44	2.29	2.90
Diluted Shares Outstanding	4.11M	4.22M	4.25M	7.09M	8.49M	8.44M	10.82M	15.94M	16.35M	17.07M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	17.6M	15.5M	22.82M	29.17M	30.4M	32.83M	187.13M	57.77M	80.1M	51.49M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	868.74M	944.22M	1.1B	1.9B	1.94B	2.53B	3.5B	4.14B	4.85B	5.06B
Investments Growth %	0.23%	0.09%	0.16%	0.73%	0.02%	0.31%	0.38%	0.18%	0.17%	0.04%
Long-Term Investments	733.02M	810.59M	1.01B	1.79B	1.9B	2.52B	3.43B	3.9B	4.62B	4.8B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	3.92M	3.92M	3.92M	62.84M	62.84M	62.84M	113.83M	114.23M	127.03M	128.16M
Intangible Assets	665K	539K	434K	7.22M	5.76M	4.36M	9.44M	7.26M	6.48M	6.24M
PP&E (Net)	13.99M	11.07M	16.17M	25.3M	39.83M	38.31M	45.37M	46.18M	48.59M	49.05M
Other Assets	21.08M	49.14M	21.9M	42.84M	145.92M	313.09M	813.7M	103.69M	133.04M	128.42M
Total Current Assets	157.13M	153.05M	120.85M	149.34M	75.88M	52.06M	261.82M	314.49M	329.48M	338.81M
Total Non-Current Assets	774.5M	879.55M	1.05B	1.93B	2.16B	2.95B	4.43B	4.18B	4.96B	5.13B
Total Assets+	931.64M	1.03B	1.17B	2.08B	2.23B	3B	4.69B	4.5B	5.29B	5.47B
Asset Growth %	0.23%	0.11%	0.13%	0.78%	0.07%	0.34%	0.56%	-0.04%	0.18%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	390K	515K	645K	2.26M	2.21M	2.01M	1.79M	2.3M	14.26M	13.48M
Total Debt+	79.31M	21M	64.3M	118.21M	72.52M	130.9M	166.91M	71.08M	356.17M	79.44M
Net Debt	61.71M	5.5M	41.48M	89.03M	42.11M	98.07M	-20.22M	13.3M	276.06M	27.94M
Long-Term Debt	47.72M	21M	29.69M	75.11M	56.42M	116.23M	152.16M	58.06M	102.16M	66.28M
Short-Term Debt	31.6M	0	34.61M	43.1M	0	0	0	0	241.53M	2M
Other Liabilities	4.82M	5.25M	6.14M	0	6.18M	135.78M	28.64M	134.15M	31.8M	33.07M
Total Current Liabilities	809.03M	935.89M	1.06B	1.77B	1.91B	2.48B	4B	3.78B	4.6B	4.71B
Total Non-Current Liabilities	52.54M	26.24M	35.83M	83.38M	78.7M	266.67M	195.54M	205.22M	146.44M	110.51M
Total Liabilities	861.57M	962.13M	1.09B	1.85B	1.99B	2.74B	4.2B	3.99B	4.75B	4.82B
Total Equity+	70.07M	70.47M	75.7M	223.21M	237.87M	255.69M	490.08M	512.1M	542.35M	655.02M
Equity Growth %	0.18%	0.01%	0.07%	1.95%	0.07%	0.07%	0.92%	0.04%	0.06%	0.21%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.11%	0.1%	0.07%	0.08%	0.11%	0.08%	0.11%	0.07%	0.08%
Book Value per Share	17.06	16.70	17.80	31.47	28.01	30.28	45.29	32.14	33.17	38.37
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4.23M	4.23M	4.24M	8.46M	8.48M	8.51M	16.06M	16.09M	17M	19.8M
Additional Paid-in Capital	40.56M	40.69M	40.97M	177.56M	178.16M	178.85M	384.74M	386.99M	405.73M	480.49M
Retained Earnings	23.47M	28.4M	32.56M	39.56M	50.89M	70.17M	91.04M	133.11M	145.98M	181.6M
Accumulated OCI	1.81M	-2.85M	-2.07M	-2.38M	343K	-57K	158K	-19.22M	-16.64M	-16.82M
Treasury Stock	0	0	0	0	0	-1.79M	-1.92M	-4.88M	-9.72M	-10.04M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.17M	21.85M	11.89M	10.98M	7.83M	14.07M	65.9M	59.99M	52.34M	51.39M
Operating CF Growth %	0.52%	0.66%	-0.46%	-0.08%	-0.29%	0.8%	3.68%	-0.09%	-0.13%	-0.02%
Net Income	6.53M	7.8M	7.09M	10.6M	17.7M	26.21M	29.32M	54.81M	37.4M	49.44M
Depreciation & Amortization	1.58M	1.78M	1.57M	3.62M	6.07M	6.45M	4.68M	6.47M	6.86M	6.83M
Deferred Taxes	997K	-336K	1.83M	1.32M	665K	-1.37M	484K	2.26M	-1.55M	1.52M
Other Non-Cash Items	4.83M	12.63M	2.32M	8K	-6.63M	-12.29M	18.7M	15.83M	1.75M	-795K
Working Capital Changes	-796K	-85K	-1.06M	-4.82M	-10.32M	-5.34M	12.02M	-20.53M	6.78M	-6.65M
Cash from Investing+	-38.9M	-86.8M	-163.8M	21.85M	-26.98M	-588.91M	169.37M	-704.71M	-408.93M	-208.74M
Purchase of Investments	-35.86M	-142.86M	-124.74M	-100.2M	-79.25M	-178.57M	-309.18M	-299.64M	0	-72.71M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	8.1M	0	0	72.62M	0	0	315.29M	-19.82M	1.07M	-2.68M
Other Investing	-58.76M	-70.66M	-96.17M	-131.6M	-134.97M	-624.52M	116.31M	-410.52M	-436.07M	-176.55M
Cash from Financing+	29.13M	97.64M	129.44M	-16.28M	118.12M	739.54M	374.76M	-208.15M	392.47M	131.16M
Dividends Paid	-2.27M	-2.45M	-2.2M	-4.62M	-6.69M	-6.5M	-8.87M	-12.73M	-12.98M	-13.82M
Share Repurchases	0	0	0	0	-269K	-1.79M	-128K	-2.96M	-4.88M	-323K
Stock Issued	0	0	0	0	269K	0	70.24M	0	0	75.96M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	15.86M	158.41M	88.26M	-12.23M	186.64M	562.5M	446.35M	-201.47M	286.98M	344.28M
Net Change in Cash+	3.4M	32.69M	-22.46M	16.55M	98.97M	164.69M	610.03M	-852.87M	35.88M	-26.2M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	9.88M	13.28M	45.97M	23.51M	40.06M	139.03M	303.72M	913.75M	60.88M	96.76M
Cash at End	13.28M	45.97M	23.51M	40.06M	139.03M	303.72M	913.75M	60.88M	96.76M	70.56M
Interest Paid	4.57M	5.24M	6.17M	11.1M	25.22M	19.93M	14.97M	17.25M	77.41M	130.69M
Income Taxes Paid	1.13M	1.7M	3.89M	1.43M	3.77M	7.74M	6.95M	7.55M	7.96M	853K
Free Cash Flow+	11.71M	21.07M	5.02M	2.02M	3.95M	10.38M	62.4M	55.74M	49.57M	44.47M
FCF Growth %	0.53%	0.8%	-0.76%	-0.6%	0.95%	1.63%	5.01%	-0.11%	-0.11%	-0.1%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.11%	11.11%	9.7%	7.09%	7.68%	10.62%	7.86%	10.94%	7.09%	8.26%
Return on Assets (ROA)	0.77%	0.79%	0.64%	0.65%	0.82%	1%	0.76%	1.19%	0.76%	0.92%
Net Interest Margin	3.42%	3.37%	3.21%	2.69%	3.14%	2.94%	2.32%	3.29%	2.78%	2.86%
Efficiency Ratio	65.81%	62.3%	63.2%	65.91%	55.55%	54.95%	62.63%	52.25%	46%	37.37%
Equity / Assets	7.52%	6.82%	6.47%	10.74%	10.66%	8.53%	10.45%	11.39%	10.25%	11.97%
Book Value / Share	17.06	16.7	17.8	31.47	28.01	30.28	45.29	32.14	33.17	38.37
NII Growth	21.69%	9.29%	7.87%	48.81%	25.41%	25.75%	23.08%	36.17%	-0.58%	6.6%
Dividend Payout	27.34%	31.42%	31.09%	42.59%	37.78%	24.82%	30.26%	23.24%	34.71%	27.96%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Fiduciary and Trust	-	-	-	-	5.07M	5.06M	4.68M
Fiduciary and Trust Growth	-	-	-	-	-	-0.24%	-7.49%
Debit Card	1.25M	1.59M	1.96M	2.69M	4.36M	4.02M	3.85M
Debit Card Growth	-	27.21%	22.96%	37.14%	62.28%	-7.86%	-4.18%
Mortgage Banking	751K	3.77M	9.68M	10.31M	1.61M	1.35M	2.48M
Mortgage Banking Growth	-	402.13%	156.75%	6.53%	-84.42%	-15.81%	83.00%
Deposit Account	933K	884K	637K	991K	2.08M	1.94M	2.18M
Deposit Account Growth	-	-5.25%	-27.94%	55.57%	109.69%	-6.50%	11.99%
Fiduciary And Trust	1.16M	1.42M	1.69M	2.49M	-	-	-
Fiduciary And Trust Growth	-	22.60%	19.63%	47.23%	-	-	-
Credit Card	347K	413K	392K	431K	-	-	-
Credit Card Growth	-	19.02%	-5.08%	9.95%	-	-	-

Frequently Asked Questions

Valuation & Price

Mid Penn Bancorp, Inc. (MPB) has a price-to-earnings (P/E) ratio of 11.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Mid Penn Bancorp, Inc. (MPB) grew revenue by 20.6% over the past year. This is strong growth.

Yes, Mid Penn Bancorp, Inc. (MPB) is profitable, generating $50.0M in net income for fiscal year 2024 (16.1% net margin).

Dividend & Returns

Yes, Mid Penn Bancorp, Inc. (MPB) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.

Mid Penn Bancorp, Inc. (MPB) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Industry Metrics

Mid Penn Bancorp, Inc. (MPB) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Mid Penn Bancorp, Inc. (MPB) has an efficiency ratio of 37.4%. This is excellent, indicating strong cost control.

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