Mid Penn Bancorp(MPB)

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Mid Penn Bancorp(MPB) - 2025 Q1 - Quarterly Results
2025-04-23 20:22
Exhibit 99.1 PRESS RELEASE Mid Penn Bancorp, Inc. 2407 Park Drive Harrisburg, PA 17110 1-866-642-7736 CONTACTS Rory G. Ritrievi Chair, President & Chief Executive Officer 1 Justin T. Webb Chief Financial Officer • Net income available to common shareholders increased 13.3% to $13.7 million, or $0.71 per diluted common share, for the first quarter of 2025, compared to net income of $12.1 million, or $0.73 per diluted common share, for the first quarter of 2024. On a non-GAAP basis, core earnings for the quar ...
Mid Penn Bancorp (MPB) Lags Q4 Earnings Estimates
ZACKS· 2025-01-23 00:51
Mid Penn Bancorp (MPB) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.05%. A quarter ago, it was expected that this company would post earnings of $0.73 per share when it actually produced earnings of $0.75, delivering a surprise of 2.74%.Over the last four quarters, the company h ...
Mid Penn Bancorp(MPB) - 2024 Q4 - Annual Results
2025-01-22 21:17
Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Topic 3: Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [7]. - R&D investment increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [9]. Topic 4: Operational Efficiency - Implemented a new ERP system, reducing operational costs by 5% [10]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [11]. - Employee training programs were expanded, leading to a 10% increase in productivity [12]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a recycling program that has successfully diverted 50% of waste from landfills [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [17]. - Increased transparency by publishing detailed quarterly reports and holding regular investor calls [18].
Mid Penn Bancorp(MPB) - 2024 Q3 - Quarterly Report
2024-11-07 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------- ...
Mid Penn Bancorp (MPB) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-10-23 23:25
Mid Penn Bancorp (MPB) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.74%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.68, delivering a surprise of 9.68%.Over the last four quarters, the company ha ...
Mid Penn Bancorp(MPB) - 2024 Q3 - Quarterly Results
2024-10-23 19:28
Exhibit 99.1 | --- | --- | --- | |---------------------------------------------------------------------------|------------------------------|------------------------------------------------| | | PRESS RELEASE | | | | Mid Penn Bancorp, Inc. | | | | 2407 Park Drive | | | | Harrisburg, PA 17110 | | | | 1-866-642-7736 | | | | | | | | CONTACTS | | | Rory G. Ritrievi Chair, President & Chief Executive Officer | | Justin T. Webb Chief Financial Officer | MID PENN BANCORP, INC. REPORTS THIRD QUARTER EARNINGS BEAT A ...
All You Need to Know About Mid Penn Bancorp (MPB) Rating Upgrade to Strong Buy
ZACKS· 2024-09-12 17:00
Mid Penn Bancorp (MPB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Sin ...
Mid Penn Bancorp(MPB) - 2024 Q2 - Quarterly Report
2024-08-07 18:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------- ...
Mid Penn Bancorp (MPB) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-24 23:25
This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.64, delivering a surprise of 3.23%. Mid Penn Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $44.1 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.92%. This compares to year-ago revenues of $41.66 million. The company has topped consensus revenue ...
Mid Penn Bancorp(MPB) - 2024 Q2 - Quarterly Results
2024-07-24 20:25
Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [7]. - R&D spending increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [9]. Operational Efficiency - Implemented a new ERP system, reducing operational costs by 5% [10]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [11]. - Employee training programs were enhanced, leading to a 20% improvement in productivity [12]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a recycling program that has successfully diverted 50% of waste from landfills [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Implemented a new whistleblower policy to ensure ethical practices across the organization [17]. - Conducted annual audits to ensure compliance with regulatory requirements and internal policies [18].