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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 shown consistent growth and strong financial performance over the past few years through 2022 to the end of 2024. Here is a summary of key aspects based on the recent quarterly financial data:
- Steady Growth in Net Interest Income: Net interest income rose from about $36 million in Q1 2023 to around $41 million in Q4 2024, indicating improving core earnings from lending and investment activities.
- Increasing Total Revenue: Total revenue increased from approximately $40 million in Q1 2023 to $47.4 million in Q4 2024, driven by higher interest income and non-interest income.
- Rising Net Income and EPS: Net income grew steadily, from roughly $11.2 million in Q1 2023 to $13.2 million in Q4 2024. Correspondingly, diluted EPS improved from about $0.70 to $0.72, reflecting solid profitability.
- Strong Loan Portfolio Growth: Loans and leases outstanding increased from $3.6 billion in Q1 2023 to over $4.4 billion in Q4 2024, showing robust credit demand and market presence expansion.
- Maintaining Reasonable Credit Quality: The provision for credit losses remains low and relatively stable at around $0.3 million in Q4 2024, suggesting controlled loan risk exposure despite portfolio growth.
- Consistent Dividend Payments: Quarterly dividends remained steady at $0.20 per share throughout 2023 and 2024, supporting shareholder returns.
- Total Assets and Equity Growth: Total assets rose from around $4.58 billion in Q1 2023 to over $5.5 billion in Q3 2024, alongside an increase in common equity from about $511 million to $573 million, indicating balance sheet expansion and capital strengthening.
- Cash Flow Variability: Operating cash flow fluctuated between quarters, with larger investing outflows due to purchases of investment securities offset by asset sales. Financing activities also varied with debt issuances and repayments impacting cash levels each quarter.
- Rising Interest Expense from Short-Term Borrowings: Interest expense on short-term borrowings increased sharply in 2024, for example $2.3 million in Q3 2024 compared to $1.6 million in Q3 2023, which could pressure net interest margins.
- Increasing Non-Interest Expenses: Total non-interest expenses have trended upwards, reaching over $30.9 million in Q4 2024 from $28.5 million in Q1 2023, driven by rising salaries, occupancy, and other operating costs, which may weigh on profitability if not controlled.
Overall, Mid Penn Bancorp demonstrates steady growth in lending and net interest income, along with improving profitability and shareholder returns. However, investors should watch the upward trend in funding costs and non-interest expenses, which might narrow future margins. The sustained loan portfolio expansion and strong capital base are positive indicators of the bank’s financial health.
10/05/25 08:04 PM ETAI Generated. May Contain Errors.