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MPB — Mid Penn Bancorp News Story

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Mid Penn Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

Mid Penn Bancorp Inc MPB.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 71 cents.  The mean expectation of two analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 6 cents to 66 cents per share.

Revenue rose 23.3% to $54.35 million from a year ago; analysts expected $54.20 million.

Mid Penn Bancorp Inc's reported EPS for the quarter was 22 cents​.

The company reported quarterly net income of $4.76 million.

Mid Penn Bancorp Inc shares had risen by 2.4% this quarter and gained 0.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 46.1% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 last closing price of $28.99

This summary was machine generated from LSEG data July 23 at 10:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.360.32Missed
Mar. 31 20250.650.71Beat
Dec. 31 20240.710.72Beat
Sep. 30 20240.710.74Beat

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