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Mid Penn Bancorp (MPB) Financials

Mid Penn Bancorp logo
$27.11 -0.34 (-1.24%)
Closing price 08/1/2025 04:00 PM Eastern
Extended Trading
$27.12 +0.01 (+0.04%)
As of 08/1/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Mid Penn Bancorp

Annual Income Statements for Mid Penn Bancorp

This table shows Mid Penn Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 55 37 49
Consolidated Net Income / (Loss)		 55 37 49
Net Income / (Loss) Continuing Operations		 55 37 49
Total Pre-Tax Income 		67 45 60
Total Revenue		 171 167 179
Net Interest Income / (Expense)		 148 147 157
Total Interest Income		 166 236 287
Loans and Leases Interest Income		 150 218 266
Investment Securities Interest Income		 13 18 18
Deposits and Money Market Investments Interest Income		 0.07 0.36 1.13
Federal Funds Sold and Securities Borrowed Interest Income		 1.83 0.37 1.93
Total Interest Expense		 18 89 130
Deposits Interest Expense		 14 79 116
Short-Term Borrowings Interest Expense		 0.44 7.09 11
Long-Term Debt Interest Expense		 3.18 2.98 3.02
Total Non-Interest Income		 24 20 22
Other Service Charges		 7.79 5.63 7.81
Net Realized & Unrealized Capital Gains on Investments		 0.26 0.57 0.35
Other Non-Interest Income		 16 14 14
Provision for Credit Losses		 4.30 3.70 1.52
Total Non-Interest Expense		 100 119 118
Salaries and Employee Benefits		 53 59 64
Net Occupancy & Equipment Expense		 19 20 22
Other Operating Expenses		 26 32 29
Amortization Expense		 2.01 1.78 1.78
Restructuring Charge		 0.29 5.54 0.55
Income Tax Expense		 13 7.30 11
Basic Earnings per Share		 $3.44 $2.29 $2.90
Weighted Average Basic Shares Outstanding		 15.91M 16.32M 17.03M
Diluted Earnings per Share		 $3.44 $2.29 $2.90
Weighted Average Diluted Shares Outstanding		 15.93M 16.35M 17.07M
Weighted Average Basic & Diluted Shares Outstanding		 15.89M 16.57M 19.36M
Cash Dividends to Common per Share		 $0.80 $0.80 $0.80

Quarterly Income Statements for Mid Penn Bancorp

This table shows Mid Penn Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 15 16 11 4.84 9.24 12 12 12 12 13
Consolidated Net Income / (Loss)		 15 16 11 4.84 9.24 12 12 12 12 13
Net Income / (Loss) Continuing Operations		 15 16 11 4.84 9.24 12 12 12 12 13
Total Pre-Tax Income 		19 19 14 4.98 12 14 15 14 15 16
Total Revenue		 45 45 40 42 43 42 42 44 45 47
Net Interest Income / (Expense)		 39 39 36 36 37 37 36 39 40 41
Total Interest Income		 43 47 50 57 63 66 68 71 74 73
Loans and Leases Interest Income		 38 42 46 52 59 61 63 66 68 68
Investment Securities Interest Income		 3.77 4.17 4.26 4.35 4.49 4.44 4.42 4.51 4.50 4.58
Deposits and Money Market Investments Interest Income		 0.01 0.04 0.05 0.08 0.09 0.14 0.40 0.35 0.22 0.15
Federal Funds Sold and Securities Borrowed Interest Income		 0.74 0.04 0.05 0.05 0.05 0.23 0.14 0.28 1.04 0.47
Total Interest Expense		 3.60 8.17 14 20 26 29 32 32 34 32
Deposits Interest Expense		 2.84 7.00 12 18 24 26 26 28 31 31
Short-Term Borrowings Interest Expense		 0.00 0.44 1.49 1.51 1.58 2.51 4.45 3.32 2.30 0.51
Long-Term Debt Interest Expense		 0.76 0.73 0.69 0.70 0.79 0.80 0.96 0.69 0.69 0.69
Total Non-Interest Income		 5.96 6.71 4.33 5.22 5.35 5.12 5.84 5.33 5.18 6.15
Other Service Charges		 1.52 3.43 0.94 1.67 1.74 1.28 2.44 1.69 1.27 2.42
Net Realized & Unrealized Capital Gains on Investments		 0.15 - 0.00 0.13 0.09 0.36 0.11 0.07 0.15 0.02
Other Non-Interest Income		 4.29 3.29 3.39 3.42 3.52 3.48 3.29 3.57 3.76 3.71
Provision for Credit Losses		 1.55 0.53 0.72 1.56 2.09 -0.67 -0.94 1.60 0.52 0.33
Total Non-Interest Expense		 25 25 26 35 29 28 29 28 30 31
Salaries and Employee Benefits		 14 13 14 15 15 15 15 16 16 17
Net Occupancy & Equipment Expense		 4.56 4.85 5.08 5.07 5.14 5.11 5.32 5.36 5.39 5.73
Other Operating Expenses		 6.06 6.39 6.35 9.58 8.00 7.60 7.31 6.91 7.85 7.33
Amortization Expense		 0.51 0.50 0.34 0.46 0.48 0.49 0.43 0.43 0.46 0.47
Restructuring Charge		 0.00 0.29 0.22 4.99 0.35 -0.02 0.00 0.00 0.11 0.44
Income Tax Expense		 3.63 3.58 2.59 0.14 2.27 2.29 2.58 2.50 2.57 2.95
Basic Earnings per Share		 $0.97 $0.99 $0.71 $0.29 $0.56 $0.73 $0.73 $0.71 $0.74 $0.72
Weighted Average Basic Shares Outstanding		 15.88M 15.91M 15.89M 16.23M 16.57M 16.32M 16.57M 16.58M 16.61M 17.03M
Diluted Earnings per Share		 $0.97 $0.99 $0.70 $0.29 $0.56 $0.74 $0.73 $0.71 $0.74 $0.72
Weighted Average Diluted Shares Outstanding		 15.89M 15.93M 15.93M 16.26M 16.59M 16.35M 16.61M 16.61M 16.66M 17.07M
Weighted Average Basic & Diluted Shares Outstanding		 15.88M 15.89M 15.91M 16.57M 16.67M 16.57M 16.69M 16.70M 16.62M 19.36M

Annual Cash Flow Statements for Mid Penn Bancorp

This table details how cash moves in and out of Mid Penn Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -853 36 -26
Net Cash From Operating Activities		 60 52 51
Net Cash From Continuing Operating Activities		 60 52 51
Net Income / (Loss) Continuing Operations		 55 37 49
Consolidated Net Income / (Loss)		 55 37 49
Provision For Loan Losses		 4.30 3.70 1.52
Depreciation Expense		 4.28 4.90 4.87
Amortization Expense		 2.92 2.43 2.36
Non-Cash Adjustments to Reconcile Net Income		 14 -2.87 -0.15
Changes in Operating Assets and Liabilities, net		 -21 6.78 -6.65
Net Cash From Investing Activities		 -705 -409 -209
Net Cash From Continuing Investing Activities		 -705 -409 -209
Purchase of Property, Leasehold Improvements and Equipment		 -4.25 -2.77 -6.92
Acquisitions		 -19 0.00 0.00
Purchase of Investment Securities		 -711 -439 -258
Sale of Property, Leasehold Improvements and Equipment		 0.22 0.00 0.16
Divestitures		 -0.90 1.07 -2.68
Sale and/or Maturity of Investments		 30 31 57
Other Investing Activities, net		 0.29 0.86 1.29
Net Cash From Financing Activities		 -208 392 131
Net Cash From Continuing Financing Activities		 -208 392 131
Net Change in Deposits		 -203 286 344
Issuance of Debt		 103 164 -240
Issuance of Common Equity		 0.00 0.00 76
Repayment of Debt		 -77 -31 -35
Repurchase of Preferred Equity		 -17 -10 0.00
Repurchase of Common Equity		 -2.96 -4.88 -0.32
Payment of Dividends		 -13 -13 -14
Other Financing Activities, Net		 1.14 0.48 0.56
Cash Interest Paid		 17 77 131
Cash Income Taxes Paid		 7.55 7.97 0.85

Quarterly Cash Flow Statements for Mid Penn Bancorp

This table details how cash moves in and out of Mid Penn Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -142 -34 1.52 31 24 -21 -29 38 39 -74
Net Cash From Operating Activities		 18 18 13 11 13 15 12 18 17 4.10
Net Cash From Continuing Operating Activities		 18 18 13 11 13 15 12 18 17 4.10
Net Income / (Loss) Continuing Operations		 15 16 11 4.84 9.24 12 12 12 12 13
Consolidated Net Income / (Loss)		 15 16 11 4.84 9.24 12 12 12 12 13
Provision For Loan Losses		 1.55 0.53 0.72 1.56 2.09 -0.67 -0.94 1.60 0.52 0.33
Depreciation Expense		 1.06 1.23 1.20 1.19 1.25 1.26 1.19 1.24 1.23 1.20
Amortization Expense		 0.71 0.74 0.52 0.63 0.64 0.65 0.57 0.57 0.61 0.61
Non-Cash Adjustments to Reconcile Net Income		 2.43 7.53 0.83 -6.26 2.46 0.10 0.82 -4.83 1.10 2.78
Changes in Operating Assets and Liabilities, net		 -3.40 -7.36 -1.32 9.37 -2.49 1.22 -1.37 7.68 1.09 -14
Net Cash From Investing Activities		 -176 -212 -94 -107 -107 -101 -66 -23 -99 -21
Net Cash From Continuing Investing Activities		 -176 -212 -94 -107 -107 -101 -66 -23 -99 -21
Purchase of Property, Leasehold Improvements and Equipment		 -1.19 -0.52 -0.92 -0.92 -0.87 -0.06 -0.35 -0.30 -0.02 -6.25
Purchase of Investment Securities		 -184 -198 -99 -117 -115 -108 -71 -39 -112 -35
Sale of Property, Leasehold Improvements and Equipment		 1.79 -1.69 0.03 0.03 - -0.06 0.03 0.79 -0.67 0.01
Sale and/or Maturity of Investments		 7.33 7.30 6.35 11 8.01 5.72 5.79 15 15 20
Other Investing Activities, net		 - 0.29 0.11 -0.24 0.55 0.44 0.24 -0.24 1.14 0.15
Net Cash From Financing Activities		 16 160 82 127 118 65 25 43 121 -57
Net Cash From Continuing Financing Activities		 16 160 82 127 118 65 25 43 121 -57
Net Change in Deposits		 27 70 100 126 95 -34 33 118 210 -17
Issuance of Debt		 - 103 -15 49 27 103 30 -72 -86 -112
Repayment of Debt		 -0.14 -0.09 -0.09 -31 0.01 0.22 -35 -0.11 -0.11 -0.11
Payment of Dividends		 -3.17 -3.18 -3.18 -3.18 -3.31 -3.32 -3.31 -3.32 -3.32 -3.87
Other Financing Activities, Net		 0.14 0.09 0.10 0.11 0.14 0.14 0.15 0.13 0.15 0.13
Cash Interest Paid		 6.09 7.70 11 15 31 21 30 31 33 38
Cash Income Taxes Paid		 - 4.05 - - 0.43 3.57 - - 0.29 0.56

Annual Balance Sheets for Mid Penn Bancorp

This table presents Mid Penn Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,498 5,291 5,471
Cash and Due from Banks		 53 45 37
Federal Funds Sold		 3.11 17 19
Interest Bearing Deposits at Other Banks		 4.41 35 14
Trading Account Securities		 640 627 650
Loans and Leases, Net of Allowance		 3,495 4,219 4,408
Loans and Leases		 3,514 4,253 4,443
Allowance for Loan and Lease Losses		 19 34 36
Premises and Equipment, Net		 34 37 39
Goodwill		 114 127 128
Intangible Assets		 7.26 6.48 6.24
Other Assets		 146 178 169
Total Liabilities & Shareholders' Equity		 4,498 5,291 5,471
Total Liabilities		 3,986 4,748 4,816
Non-Interest Bearing Deposits		 794 801 759
Interest Bearing Deposits		 2,984 3,545 3,931
Short-Term Debt		 103 242 2.00
Accrued Interest Payable		 2.30 14 13
Long-Term Debt		 61 105 69
Other Long-Term Liabilities		 41 41 41
Total Equity & Noncontrolling Interests		 512 542 655
Total Preferred & Common Equity		 512 542 655
Total Common Equity		 512 542 655
Common Stock		 403 423 500
Retained Earnings		 133 146 182
Treasury Stock		 -4.88 -9.72 -10
Accumulated Other Comprehensive Income / (Loss)		 -19 -17 -17

Quarterly Balance Sheets for Mid Penn Bancorp

This table presents Mid Penn Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 4,334 4,583 5,089 5,216 5,330 5,392 5,527
Cash and Due from Banks		 76 51 71 53 33 37 58
Federal Funds Sold		 14 6.02 9.71 53 2.92 43 68
Interest Bearing Deposits at Other Banks		 4.52 5.00 13 13 32 26 19
Trading Account Securities		 651 240 641 624 620 610 650
Loans and Leases, Net of Allowance		 3,304 3,580 4,002 4,112 4,284 4,329 4,396
Loans and Leases		 3,322 3,611 4,035 4,146 4,317 4,365 4,432
Allowance for Loan and Lease Losses		 18 31 33 34 34 35 36
Premises and Equipment, Net		 36 34 39 39 36 34 34
Goodwill		 114 114 129 130 127 127 128
Intangible Assets		 7.22 6.92 7.45 6.97 6.05 5.63 6.71
Other Assets		 127 147 176 186 190 180 168
Total Liabilities & Shareholders' Equity		 4,334 4,583 5,089 5,216 5,330 5,392 5,527
Total Liabilities		 3,835 4,068 4,563 4,687 4,779 4,832 4,954
Non-Interest Bearing Deposits		 863 797 830 805 808 766 792
Interest Bearing Deposits		 2,867 3,081 3,456 3,577 3,571 3,731 3,915
Short-Term Debt		 - 88 112 139 272 200 114
Accrued Interest Payable		 1.84 5.81 11 15 16 18 19
Long-Term Debt		 71 57 106 105 70 70 70
Other Long-Term Liabilities		 33 40 47 46 42 47 45
Total Equity & Noncontrolling Interests		 499 511 526 529 551 560 573
Total Preferred & Common Equity		 499 511 526 529 551 560 573
Total Common Equity		 499 511 526 529 551 560 573
Common Stock		 403 403 422 422 423 424 424
Retained Earnings		 121 130 131 137 155 163 172
Treasury Stock		 -4.88 -4.88 -9.46 -9.46 -10 -10 -10
Accumulated Other Comprehensive Income / (Loss)		 -19 -17 -18 -21 -17 -17 -13

Annual Metrics And Ratios for Mid Penn Bancorp

This table displays calculated financial ratios and metrics derived from Mid Penn Bancorp's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 31.81% -2.63% 7.30%
EBITDA Growth		 80.24% -30.21% 29.28%
EBIT Growth		 86.81% -33.64% 34.32%
NOPAT Growth		 86.93% -31.76% 32.20%
Net Income Growth		 86.93% -31.76% 32.20%
EPS Growth		 26.94% -33.43% 26.64%
Operating Cash Flow Growth		 -8.97% -12.75% -1.82%
Free Cash Flow Firm Growth		 121.10% -822.34% 220.81%
Invested Capital Growth		 4.72% 31.53% -18.32%
Revenue Q/Q Growth		 6.36% -1.87% 3.06%
EBITDA Q/Q Growth		 34.82% -8.72% 2.59%
EBIT Q/Q Growth		 38.46% -9.89% 3.08%
NOPAT Q/Q Growth		 38.07% -8.83% 2.35%
Net Income Q/Q Growth		 38.07% -8.83% 2.35%
EPS Q/Q Growth		 51.54% -9.84% -0.68%
Operating Cash Flow Q/Q Growth		 -9.03% -6.67% -16.49%
Free Cash Flow Firm Q/Q Growth		 139.56% -8.34% 227.94%
Invested Capital Q/Q Growth		 18.62% 15.01% -4.02%
Profitability Metrics		 - - -
EBITDA Margin		 43.47% 31.16% 37.54%
EBIT Margin		 39.27% 26.77% 33.51%
Profit (Net Income) Margin		 31.96% 22.40% 27.59%
Tax Burden Percent		 81.38% 83.67% 82.35%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 18.62% 16.33% 17.65%
Return on Invested Capital (ROIC)		 8.29% 4.78% 6.12%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.29% 4.78% 6.12%
Return on Net Nonoperating Assets (RNNOA)		 2.64% 2.32% 2.14%
Return on Equity (ROE)		 10.94% 7.09% 8.26%
Cash Return on Invested Capital (CROIC)		 3.68% -22.45% 26.28%
Operating Return on Assets (OROA)		 1.47% 0.91% 1.12%
Return on Assets (ROA)		 1.19% 0.76% 0.92%
Return on Common Equity (ROCE)		 10.94% 7.09% 8.26%
Return on Equity Simple (ROE_SIMPLE)		 10.70% 6.90% 7.55%
Net Operating Profit after Tax (NOPAT)		 55 37 49
NOPAT Margin		 31.96% 22.40% 27.59%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 41.70% 47.76% 47.94%
Operating Expenses to Revenue		 58.22% 71.02% 65.65%
Earnings before Interest and Taxes (EBIT)		 67 45 60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 75 52 67
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.86 0.72 0.73
Price to Tangible Book Value (P/TBV)		 1.13 0.95 0.91
Price to Revenue (P/Rev)		 2.58 2.33 2.66
Price to Earnings (P/E)		 8.06 10.40 9.63
Dividend Yield		 2.88% 3.43% 2.79%
Earnings Yield		 12.41% 9.62% 10.38%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.72 0.66
Enterprise Value to Revenue (EV/Rev)		 3.18 3.83 2.66
Enterprise Value to EBITDA (EV/EBITDA)		 7.31 12.28 7.09
Enterprise Value to EBIT (EV/EBIT)		 8.09 14.30 7.94
Enterprise Value to NOPAT (EV/NOPAT)		 9.94 17.09 9.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.08 12.21 9.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.39 0.00 2.25
Leverage & Solvency		 - - -
Debt to Equity		 0.32 0.64 0.11
Long-Term Debt to Equity		 0.12 0.19 0.11
Financial Leverage		 0.32 0.48 0.35
Leverage Ratio		 9.17 9.28 8.99
Compound Leverage Factor		 9.17 9.28 8.99
Debt to Total Capital		 24.26% 39.01% 9.82%
Short-Term Debt to Total Capital		 15.18% 27.16% 0.28%
Long-Term Debt to Total Capital		 9.07% 11.85% 9.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.74% 60.99% 90.18%
Debt to EBITDA		 2.20 6.67 1.06
Net Debt to EBITDA		 1.38 4.81 0.01
Long-Term Debt to EBITDA		 0.82 2.03 1.03
Debt to NOPAT		 2.99 9.28 1.44
Net Debt to NOPAT		 1.88 6.69 0.02
Long-Term Debt to NOPAT		 1.12 2.82 1.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 24 -176 212
Operating Cash Flow to CapEx		 1,488.98% 1,889.57% 760.97%
Free Cash Flow to Firm to Interest Expense		 1.37 -1.97 1.63
Operating Cash Flow to Interest Expense		 3.38 0.59 0.40
Operating Cash Flow Less CapEx to Interest Expense		 3.15 0.55 0.34
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.03 0.03
Fixed Asset Turnover		 5.07 4.68 4.73
Capital & Investment Metrics		 - - -
Invested Capital		 676 889 726
Invested Capital Turnover		 0.26 0.21 0.22
Increase / (Decrease) in Invested Capital		 30 213 -163
Enterprise Value (EV)		 545 639 477
Market Capitalization		 442 389 476
Book Value per Share		 $32.24 $32.54 $39.41
Tangible Book Value per Share		 $24.59 $24.53 $31.32
Total Capital		 676 889 726
Total Debt		 164 347 71
Total Long-Term Debt		 61 105 69
Net Debt		 103 250 0.78
Capital Expenditures (CapEx)		 4.03 2.77 6.75
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 164 347 71
Total Depreciation and Amortization (D&A)		 7.20 7.33 7.23
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.44 $2.29 $2.90
Adjusted Weighted Average Basic Shares Outstanding		 15.91M 16.32M 17.03M
Adjusted Diluted Earnings per Share		 $3.44 $2.29 $2.90
Adjusted Weighted Average Diluted Shares Outstanding		 15.93M 16.35M 17.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.89M 16.57M 19.36M
Normalized Net Operating Profit after Tax (NOPAT)		 55 42 50
Normalized NOPAT Margin		 32.10% 25.17% 27.84%
Pre Tax Income Margin		 39.27% 26.77% 33.51%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 3.79 0.50 0.46
NOPAT to Interest Expense		 3.08 0.42 0.38
EBIT Less CapEx to Interest Expense		 3.56 0.47 0.41
NOPAT Less CapEx to Interest Expense		 2.86 0.39 0.33
Payout Ratios		 - - -
Dividend Payout Ratio		 23.24% 34.71% 27.96%
Augmented Payout Ratio		 28.63% 47.75% 28.61%

Quarterly Metrics And Ratios for Mid Penn Bancorp

This table displays calculated financial ratios and metrics derived from Mid Penn Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 39.59% 29.28% 0.52% 2.46% -5.61% -7.01% 4.75% 5.83% 5.89% 12.61%
EBITDA Growth		 67.24% 957.96% -0.49% -59.56% -35.78% -23.38% 6.08% 136.60% 24.68% 10.42%
EBIT Growth		 58.45% 3,170.85% -0.75% -66.86% -39.76% -25.42% 6.49% 186.60% 29.21% 12.44%
NOPAT Growth		 58.18% 2,489.62% -1.12% -60.53% -40.34% -23.04% 8.07% 143.40% 33.19% 9.37%
Net Income Growth		 58.18% 2,489.62% -1.12% -60.53% -40.34% -23.04% 8.07% 143.40% 33.19% 9.37%
EPS Growth		 12.79% 650.00% -1.41% -62.34% -42.27% -25.25% 4.29% 144.83% 32.14% -2.70%
Operating Cash Flow Growth		 31.51% -24.47% 20.76% -11.96% -26.01% -20.34% -5.84% 59.27% 27.71% -72.04%
Free Cash Flow Firm Growth		 -177.77% 89.75% -109.53% -271.88% -126.33% -1,262.37% -3,775.84% 55.17% 114.81% 187.60%
Invested Capital Growth		 21.59% 4.72% 2.63% 29.51% 35.66% 31.53% 35.32% 11.51% -2.13% -18.32%
Revenue Q/Q Growth		 11.58% -0.18% -10.86% 3.20% 2.79% -1.66% 0.42% 4.26% 2.84% 4.59%
EBITDA Q/Q Growth		 24.23% 1.87% -26.96% -56.25% 97.29% 21.54% 1.12% -2.42% 3.97% 7.63%
EBIT Q/Q Growth		 27.19% 1.00% -28.42% -63.96% 131.22% 25.04% 2.21% -3.01% 4.24% 8.82%
NOPAT Q/Q Growth		 26.35% 1.54% -28.58% -56.93% 90.98% 30.99% 0.29% -2.98% 4.50% 7.57%
Net Income Q/Q Growth		 26.35% 1.54% -28.58% -56.93% 90.98% 30.99% 0.29% -2.98% 4.50% 7.57%
EPS Q/Q Growth		 25.97% 2.06% -29.29% -58.57% 93.10% 32.14% -1.35% -2.74% 4.23% -2.70%
Operating Cash Flow Q/Q Growth		 38.65% 3.12% -28.33% -14.08% 16.53% 11.01% -20.11% 45.32% -6.56% -75.69%
Free Cash Flow Firm Q/Q Growth		 -189.45% 82.78% 61.37% -2,789.51% -17.79% -3.63% -9.89% 66.58% 138.93% 512.79%
Invested Capital Q/Q Growth		 -0.78% 18.62% -2.40% 12.74% 3.93% 15.01% 0.42% -7.10% -8.78% -4.02%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 46.01% 46.95% 38.47% 16.31% 31.30% 38.69% 38.96% 36.46% 36.86% 37.93%
EBIT Margin		 42.11% 42.61% 34.22% 11.95% 26.88% 34.17% 34.78% 32.36% 32.80% 34.12%
Profit (Net Income) Margin		 34.12% 34.71% 27.81% 11.61% 21.57% 28.72% 28.69% 26.69% 27.13% 27.90%
Tax Burden Percent		 81.02% 81.45% 81.27% 97.15% 80.24% 84.06% 82.48% 82.51% 82.71% 81.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.98% 18.55% 18.73% 2.85% 19.76% 15.94% 17.52% 17.49% 17.29% 18.24%
Return on Invested Capital (ROIC)		 10.59% 9.01% 7.33% 3.04% 5.46% 6.13% 6.24% 5.81% 6.16% 6.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.59% 9.01% 7.33% 3.04% 5.46% 6.13% 6.24% 5.81% 6.16% 6.19%
Return on Net Nonoperating Assets (RNNOA)		 2.38% 2.87% 2.17% 0.88% 1.68% 2.97% 2.89% 2.61% 2.40% 2.16%
Return on Equity (ROE)		 12.97% 11.88% 9.50% 3.92% 7.14% 9.10% 9.13% 8.43% 8.56% 8.35%
Cash Return on Invested Capital (CROIC)		 -11.84% 3.68% 5.80% -18.55% -24.16% -22.45% -25.08% -5.13% 8.46% 26.28%
Operating Return on Assets (OROA)		 1.74% 1.59% 1.27% 0.44% 0.96% 1.17% 1.19% 1.06% 1.06% 1.14%
Return on Assets (ROA)		 1.41% 1.30% 1.03% 0.43% 0.77% 0.98% 0.98% 0.87% 0.88% 0.93%
Return on Common Equity (ROCE)		 12.97% 11.88% 9.50% 3.92% 7.14% 9.10% 9.13% 8.43% 8.56% 8.35%
Return on Equity Simple (ROE_SIMPLE)		 7.95% 0.00% 10.70% 8.99% 7.76% 0.00% 6.95% 8.08% 8.43% 0.00%
Net Operating Profit after Tax (NOPAT)		 15 16 11 4.84 9.24 12 12 12 12 13
NOPAT Margin		 34.12% 34.71% 27.81% 11.61% 21.57% 28.72% 28.69% 26.69% 27.13% 27.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.99% 40.38% 46.88% 48.23% 47.63% 48.25% 49.15% 47.37% 47.51% 47.82%
Operating Expenses to Revenue		 54.47% 56.23% 64.00% 84.31% 68.25% 67.41% 67.43% 64.01% 66.07% 65.18%
Earnings before Interest and Taxes (EBIT)		 19 19 14 4.98 12 14 15 14 15 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 21 21 16 6.80 13 16 16 16 17 18
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.85 0.86 0.75 0.64 0.60 0.72 0.59 0.65 0.86 0.73
Price to Tangible Book Value (P/TBV)		 1.13 1.13 0.99 0.86 0.82 0.95 0.78 0.85 1.13 0.91
Price to Revenue (P/Rev)		 2.64 2.58 2.24 1.94 1.88 2.33 1.93 2.12 2.85 2.66
Price to Earnings (P/E)		 10.74 8.06 7.04 7.10 7.79 10.40 8.51 8.04 10.25 9.63
Dividend Yield		 2.98% 2.88% 3.30% 3.79% 4.15% 3.43% 4.07% 3.67% 2.70% 2.79%
Earnings Yield		 9.31% 12.41% 14.21% 14.08% 12.84% 9.62% 11.75% 12.44% 9.76% 10.38%
Enterprise Value to Invested Capital (EV/IC)		 0.71 0.81 0.71 0.62 0.58 0.72 0.67 0.64 0.71 0.66
Enterprise Value to Revenue (EV/Rev)		 2.50 3.18 2.72 2.66 2.62 3.83 3.55 3.08 3.07 2.66
Enterprise Value to EBITDA (EV/EBITDA)		 7.28 7.31 6.28 7.13 7.82 12.28 11.33 8.48 8.15 7.09
Enterprise Value to EBIT (EV/EBIT)		 8.27 8.09 6.95 8.04 8.99 14.30 13.16 9.62 9.17 7.94
Enterprise Value to NOPAT (EV/NOPAT)		 10.14 9.94 8.55 9.73 10.87 17.09 15.66 11.66 11.06 9.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.10 9.08 7.51 7.57 7.95 12.21 11.73 9.12 8.68 9.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 22.39 12.38 0.00 0.00 0.00 0.00 0.00 8.25 2.25
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.14 0.32 0.28 0.41 0.46 0.64 0.62 0.48 0.32 0.11
Long-Term Debt to Equity		 0.14 0.12 0.11 0.20 0.20 0.19 0.13 0.12 0.12 0.11
Financial Leverage		 0.22 0.32 0.30 0.29 0.31 0.48 0.46 0.45 0.39 0.35
Leverage Ratio		 9.18 9.17 9.21 9.20 9.29 9.28 9.34 9.65 9.75 8.99
Compound Leverage Factor		 9.18 9.17 9.21 9.20 9.29 9.28 9.34 9.65 9.75 8.99
Debt to Total Capital		 12.43% 24.26% 22.09% 29.31% 31.62% 39.01% 38.30% 32.53% 24.28% 9.82%
Short-Term Debt to Total Capital		 0.00% 15.18% 13.42% 15.11% 17.98% 27.16% 30.44% 24.11% 15.08% 0.28%
Long-Term Debt to Total Capital		 12.43% 9.07% 8.66% 14.20% 13.64% 11.85% 7.86% 8.42% 9.20% 9.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 87.57% 75.74% 77.91% 70.69% 68.38% 60.99% 61.70% 67.47% 75.72% 90.18%
Debt to EBITDA		 1.28 2.20 1.94 3.38 4.29 6.67 6.46 4.34 2.80 1.06
Net Debt to EBITDA		 -0.43 1.38 1.11 1.93 2.22 4.81 5.17 2.64 0.60 0.01
Long-Term Debt to EBITDA		 1.28 0.82 0.76 1.64 1.85 2.03 1.32 1.12 1.06 1.03
Debt to NOPAT		 1.79 2.99 2.65 4.61 5.96 9.28 8.93 5.97 3.80 1.44
Net Debt to NOPAT		 -0.60 1.88 1.51 2.63 3.08 6.69 7.15 3.63 0.81 0.02
Long-Term Debt to NOPAT		 1.79 1.12 1.04 2.23 2.57 2.82 1.83 1.54 1.44 1.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -86 -15 -5.70 -165 -194 -201 -221 -74 29 176
Operating Cash Flow to CapEx		 0.00% 833.12% 1,479.01% 1,276.44% 1,516.55% 12,005.74% 3,889.97% 0.00% 2,452.69% 65.63%
Free Cash Flow to Firm to Interest Expense		 -23.83 -1.81 -0.40 -8.18 -7.48 -6.90 -6.96 -2.27 0.85 5.50
Operating Cash Flow to Interest Expense		 4.96 2.25 0.93 0.56 0.51 0.50 0.39 0.56 0.50 0.13
Operating Cash Flow Less CapEx to Interest Expense		 5.12 1.98 0.87 0.52 0.48 0.50 0.38 0.57 0.48 -0.07
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 5.23 5.07 4.84 4.57 4.54 4.68 4.81 4.66 4.79 4.73
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 570 676 660 744 773 889 893 830 757 726
Invested Capital Turnover		 0.31 0.26 0.26 0.26 0.25 0.21 0.22 0.22 0.23 0.22
Increase / (Decrease) in Invested Capital		 101 30 17 170 203 213 233 86 -16 -163
Enterprise Value (EV)		 402 545 467 460 446 639 600 528 534 477
Market Capitalization		 426 442 385 336 320 389 326 364 495 476
Book Value per Share		 $31.43 $32.24 $32.15 $33.06 $31.90 $32.54 $33.24 $33.54 $34.32 $39.41
Tangible Book Value per Share		 $23.81 $24.59 $24.53 $24.46 $23.65 $24.53 $25.21 $25.59 $26.24 $31.32
Total Capital		 570 676 656 744 773 889 893 830 757 726
Total Debt		 71 164 145 218 244 347 342 270 184 71
Total Long-Term Debt		 71 61 57 106 105 105 70 70 70 69
Net Debt		 -24 103 83 124 126 250 274 164 39 0.78
Capital Expenditures (CapEx)		 -0.60 2.21 0.89 0.89 0.87 0.12 0.32 -0.49 0.69 6.24
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 71 164 149 218 244 347 342 270 184 71
Total Depreciation and Amortization (D&A)		 1.77 1.97 1.72 1.82 1.90 1.90 1.77 1.81 1.84 1.81
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.97 $0.99 $0.71 $0.29 $0.56 $0.73 $0.73 $0.71 $0.74 $0.72
Adjusted Weighted Average Basic Shares Outstanding		 15.88M 15.91M 15.89M 16.23M 16.57M 16.32M 16.57M 16.58M 16.61M 17.03M
Adjusted Diluted Earnings per Share		 $0.97 $0.99 $0.70 $0.29 $0.56 $0.74 $0.73 $0.71 $0.74 $0.72
Adjusted Weighted Average Diluted Shares Outstanding		 15.88M 15.93M 15.93M 16.26M 16.59M 16.35M 16.61M 16.61M 16.66M 17.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.88M 15.89M 15.91M 16.57M 16.67M 16.57M 16.69M 16.70M 16.62M 19.36M
Normalized Net Operating Profit after Tax (NOPAT)		 15 16 11 9.69 9.52 12 12 12 12 14
Normalized NOPAT Margin		 34.12% 35.24% 28.26% 23.25% 22.23% 28.68% 28.69% 26.69% 27.33% 28.65%
Pre Tax Income Margin		 42.11% 42.61% 34.22% 11.95% 26.88% 34.17% 34.78% 32.36% 32.80% 34.12%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 5.31 2.36 0.97 0.25 0.44 0.49 0.46 0.44 0.44 0.51
NOPAT to Interest Expense		 4.30 1.93 0.79 0.24 0.36 0.42 0.38 0.36 0.37 0.41
EBIT Less CapEx to Interest Expense		 5.48 2.09 0.91 0.20 0.41 0.49 0.45 0.45 0.42 0.31
NOPAT Less CapEx to Interest Expense		 4.47 1.65 0.73 0.20 0.32 0.41 0.37 0.38 0.34 0.22
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 29.84% 23.24% 23.26% 26.89% 31.31% 34.71% 34.25% 29.30% 27.47% 27.96%
Augmented Payout Ratio		 37.29% 28.63% 23.26% 36.58% 42.48% 47.75% 47.82% 30.66% 28.75% 28.61%

Key Financial Trends

Mid Penn Bancorp (NASDAQ: MPB) has demonstrated solid financial performance from 2022 Q3 through 2024 Q4 based on the income statement, cash flow, and balance sheet data across these quarters.

Key positive factors:

  • Consistent growth in net interest income: From Q3 2022 to Q4 2024, net interest income increased from approximately $39.4 million to $41.3 million in the most recent quarter, showing stable core earnings from lending activities.
  • Rising net income: Quarterly net income rose from $9.2 million in Q3 2023 to $13.2 million in Q4 2024, reflecting improved profitability.
  • Stable earnings per share (EPS): Basic and diluted EPS trended upward from around $0.29 in Q2 2023 to $0.72 in Q4 2024, signaling effective management of share count and earnings growth.
  • Strong cash flow from operations: Operating cash flows were mostly positive and robust, with $4.1 million in Q4 2024 and consistently high positive flows in prior quarters, supporting operational liquidity.
  • Healthy loan portfolio growth: Net loans and leases increased steadily, from about $3.3 billion in Q3 2022 to about $4.4 billion in Q3 2024, indicating expanding business volumes.
  • Moderate provision for loan losses: Although provision expenses fluctuate, they remain relatively low compared to net income, suggesting manageable credit risk.
  • Increasing total assets: The company’s total assets grew from around $4.3 billion in Q3 2022 to over $5.5 billion by Q3 2024, reflecting business expansion.
  • Consistent dividend payments: The company maintained a dividend of $0.20 per share each quarter, demonstrating commitment to returning capital to shareholders.
  • Capital base growth: Common equity increased from about $499 million in Q2 2022 to $573 million in Q3 2024, enhancing balance sheet strength.

Neutral aspects:

  • Fluctuations in total non-interest income: Other non-interest income showed some variability but stayed within a narrow band, contributing moderately to total revenue.
  • Balance between short-term and long-term debt: The company shows significant short-term debt fluctuations which could reflect tactical funding adjustments.
  • Amortization and depreciation expenses remained fairly consistent, reflecting standard asset depreciation and amortization practices.

Negative factors:

  • Increasing interest expense on short-term borrowings: Interest expense on short-term borrowings increased notably from $0.4 million in Q4 2022 to over $2.2 million in some recent quarters, which pressures net interest margins.
  • Decline in cash and cash equivalents for most recent quarter: Q4 2024’s cash and equivalents decreased significantly by about $73.8 million, raising liquidity concerns in the short term.
  • Significant net cash used in investing activities: The company consistently spent large amounts on purchasing investment securities, exceeding sales, which is a cash outflow strain.
  • Substantial net cash outflows in financing activities in recent quarter: Q4 2024 showed a large net cash outflow ($56.8 million), possibly related to debt issuance repayments or dividends, reducing cash reserves.
  • Rising restructuring and other operating expenses in some quarters, which could pressure net income margins if not controlled.

Summary: Mid Penn Bancorp has exhibited steady growth in core banking operations, strong profitability, and expanding asset base over the analyzed periods. While operational cash flows remain generally solid, the company faces some pressure from increased short-term debt interest and notable cash outflows in investing and financing activities. Monitoring management’s strategy to manage these cash outflows and interest costs will be key for sustaining growth and profitability.

08/03/25 01:46 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Mid Penn Bancorp's Financials

When does Mid Penn Bancorp's fiscal year end?

According to the most recent income statement we have on file, Mid Penn Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mid Penn Bancorp's net income changed over the last 2 years?

Mid Penn Bancorp's net income appears to be on a downward trend, with a most recent value of $49.44 million in 2024, falling from $54.81 million in 2022. The previous period was $37.40 million in 2023. See Mid Penn Bancorp's forecast for analyst expectations on what’s next for the company.

How has Mid Penn Bancorp's revenue changed over the last 2 years?

Over the last 2 years, Mid Penn Bancorp's total revenue changed from $171.49 million in 2022 to $179.16 million in 2024, a change of 4.5%.

How much debt does Mid Penn Bancorp have?

Mid Penn Bancorp's total liabilities were at $4.82 billion at the end of 2024, a 1.4% increase from 2023, and a 20.8% increase since 2022.

How much cash does Mid Penn Bancorp have?

In the past 2 years, Mid Penn Bancorp's cash and equivalents has ranged from $37.00 million in 2024 to $53.37 million in 2022, and is currently $37.00 million as of their latest financial filing in 2024.

How has Mid Penn Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Mid Penn Bancorp's book value per share changed from 32.24 in 2022 to 39.41 in 2024, a change of 22.2%.


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This page (NASDAQ:MPB) was last updated on 8/3/2025 by MarketBeat.com Staff
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