Brief: Mid Penn Bancorp Q2 EPS USD 0.22

Mid Penn Bancorp

23/07/2025 22:31

Overview

Mid Penn Bank's Q2 EPS of $0.22 down compared to last year

Net income falls 59.5%

Total deposits rise 21.18% yr/yr, boosted by William Penn acquisition

Outlook

Mid Penn expects to reach lower end of loan growth target by year-end

Company anticipates reaching midpoint of deposit growth target by year-end

Mid Penn cautiously optimistic about performance for remainder of 2025

Result Drivers

WILLIAM PENN ACQUISITION - Acquisition added $757.3 mln in assets and $621.3 mln in deposits, boosting total deposits and assets

NEGATIVE ORGANIC LOAN GROWTH - Organic loan portfolio declined by $89.6 mln due to elevated payoffs and soft loan demand

NET INTEREST MARGIN IMPROVEMENT - Net interest margin increased to 3.44% due to lower cost deposits and higher loan yields

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.22
Q2 Adjusted Net Income
$15.10 mln
Q2 Net Income
$4.80 mln
Q2 Net Interest Income
$48.20 mln
Q2 Dividend
$0.2
Q2 Net Interest Margin
3.4%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Mid Penn Bancorp Inc is $35.00, about 17.2% above its July 23 closing price of $28.99

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw3ks6sDa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)