Mid Penn Bancorp, Inc. Reports Third Quarter Earnings and Declares 64th Consecutive Quarterly Dividend
Key Highlights
- ➤Net income $21.6 million, up 18.2% year over year
- ➤Diluted EPS $0.84, versus $0.79 in third quarter 2025
- ➤Total loans $5.6 billion, up 16.9% year over year
- ➤Total deposits $6.1 billion, up 14.1% year over year
- ➤Nonperforming assets rose to $47.0 million from $27.3 million year over year
Expert Statements
Rory G. Ritrievi, Chair, President and CEO of Mid Penn Bancorp, Inc.
“The third quarter of 2026 was a solid quarter for Mid Penn. Strong deposit growth was partially offset by softer-than-expected loan growth and noninterest income generation. Effective expense management and continued strong asset quality helped keep overall results in line with our expectations. As we enter the fourth quarter, we remain confident that both loan growth and noninterest income performance will improve, positioning us well through the end of 2026 and for continued success in 2027. Based upon the overall financial success in the third quarter and year to date, we are pleased to declare a quarterly cash dividend of $0.23 per common share to our shareholders of record as of November 2, 2026.”
Mid Penn Bancorp, Inc. Reports Third Quarter Earnings and Declares 64th Consecutive Quarterly Dividend
Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") of $21.6 million, or $0.85 per basic common share and $0.84 per diluted common share, for the quarter ended September 30, 2026, compared to $18.3 million, or $0.80 per basic and $0.79 per diluted common share, for the third quarter of 2025. Adjusted earnings per common share, excluding non-recurring income and expenses((1)), was $0.88 for the third quarter of 2026. Adjustments exclude $1.3 million of non-recurring expense, and $789 thousand of non-recurring income. Mid Penn also declared a quarterly cash dividend of $0.23 per common share.
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