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 ...

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 ...

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].

What do the Analysts Think? Clearly, options traders are pricing in a big move for Mid Penn Bancorp shares, but what is the fundamental picture for the company? Currently, Mid Penn Bancorp is a Zacks Rank #3 (Hold) in the Banks - Northeast industry that ranks in the Bottom 24% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) 2407 Park Drive FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __ ...

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 FIRST QUARTER EARNINGS BEAT AND DECLARES 54TH CONSECUTIVE QUARTERLY DIVIDEND April 24, 2024 – Harrisburg, PA – 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 a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Commission file number 1-13677 | | | (Exact Name of Registrant as Specified in its Charter) | Pennsylvania | 25-1666413 | | --- | --- | | (State or Other Ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Oth ...

Financial Performance - Net income available to common shareholders for the six months ended June 30, 2023, was $16,063 thousand, down 31.8% from $23,606 thousand in 2022[13]. - Net income for the three months ended June 30, 2023, was $4,836,000, a decrease of 60.5% compared to $12,252,000 for the same period in 2022[15]. - Total comprehensive income for the six months ended June 30, 2023, was $17,474,000, an increase of 27.3% from $13,689,000 in the same period of 2022[15]. - Basic earnings per common share decreased to $1.00 for the six months ended June 30, 2023, compared to $1.48 in the same period of 2022[13]. - Diluted earnings per common share for the first half of 2023 was $1.00, compared to $1.48 in the same period of 2022[183]. Asset and Loan Growth - Total assets increased to $5,088,813 thousand as of June 30, 2023, up from $4,497,954 thousand at December 31, 2022, representing a growth of 13.1%[11]. - Net loans reached $4,001,922 thousand, a 14.5% increase from $3,495,162 thousand year-over-year[11]. - Total loans increased to $4,034,510 thousand as of June 30, 2023, up from $3,514,119 thousand at December 31, 2022, representing a growth of approximately 14.8%[76]. - The commercial real estate loan segment rose to $2,145,272 thousand, compared to $2,052,934 thousand at the end of 2022, indicating an increase of about 4.5%[76]. - The residential mortgage loans surged to $730,176 thousand, a significant increase from $416,221 thousand, reflecting a growth of approximately 75.5%[76]. Deposits and Equity - Total deposits rose to $4,286,686 thousand, up 13.4% from $3,778,331 thousand at the end of 2022[11]. - The total shareholders' equity as of June 30, 2023, was $525,888,000, an increase from $512,099,000 at the beginning of the year[19]. Interest Income and Expenses - Interest income for the three months ended June 30, 2023, was $56,579 thousand, a 48% increase compared to $38,220 thousand for the same period in 2022[13]. - Noninterest expense increased to $61,599 thousand for the six months ended June 30, 2023, up from $49,660 thousand in 2022, reflecting a rise of 24%[13]. - The company reported a net interest income after provision for credit losses of $70,846 thousand for the six months ended June 30, 2023, compared to $67,622 thousand in 2022, an increase of 3.3%[13]. Credit Losses and Provisions - The provision for credit losses on loans was $1,647 thousand for the six months ended June 30, 2023, compared to $2,225 thousand in the prior year[13]. - The allowance for credit losses (ACL) increased by $15 million due to the adoption of CECL on January 1, 2023[33]. - The total allowance for credit losses (ACL) methodology is based on FASB ASC Subtopic 326-20, reflecting expected losses inherent in the loan portfolio[89]. Acquisitions and Mergers - The company is focused on expanding its market presence through strategic mergers and acquisitions, including the recent merger with Brunswick Bancorp[7]. - The Brunswick Acquisition on May 19, 2023, involved total consideration of $45.7 million, including $27.6 million in cash and 849,510 shares of common stock[41]. - Goodwill recognized from the Brunswick Acquisition was $15.172 million, with no expected tax deductibility[42]. Interest Rate Risk Management - Interest rate risk is a primary concern for Mid Penn, affecting future earnings due to fluctuations in interest rates[298]. - A 400 basis point increase in interest rates could lead to a 2.89% increase in net interest income[303]. - Management reviews interest rate risk quarterly, with scenarios indicating potential changes in net interest income based on interest rate fluctuations[302]. - All interest rate risk levels were within the tolerance limits of the Board-approved policy as of June 30, 2023[302]. Shareholder Activities - The company declared common stock cash dividends of $0.20 per share, totaling $3,182,000 for the three months ended June 30, 2023[19]. - The treasury stock repurchase program has authorized up to $15.0 million, with $5.5 million remaining available for repurchase as of June 30, 2023[176][177]. - Mid Penn repurchased 204,379 shares of common stock at an average price of $22.41 during the three months ended June 30, 2023[177].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Other J ...