Mid Penn Bancorp (MPB) Lags Q4 Earnings Estimates

Core Viewpoint - Mid Penn Bancorp reported quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.74 per share, representing a -4.05% earnings surprise [1] Group 1: Earnings Performance - The company posted revenues of $47.43 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.10% and showing an increase from $42.12 million year-over-year [2] - Over the last four quarters, Mid Penn Bancorp has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - Mid Penn Bancorp shares have increased by approximately 3.3% since the beginning of the year, compared to the S&P 500's gain of 2.9% [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at $0.72 for the coming quarter and $3 for the current fiscal year [7] Group 3: Estimate Revisions and Industry Context - The estimate revisions trend for Mid Penn Bancorp is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] - The Zacks Industry Rank for Banks - Northeast is in the top 24% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]