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Mid Penn Bancorp, Inc. (NASDAQ:MPB) ("Mid Penn" or the "Corporation"), the parent company of Mid Penn Bank and MPB Financial Services, LLC, is pleased to announce the reauthorization and expansion of its treasury stock repurchase program, which now accommodates up to an additional $50 million in repurchase activity. On April 21, 2026, the Board of Directors of Mid Penn (the "Board") approved the renewal of the Corporation's treasury stock repurchase program through April 30, 2027, as well as an increase in the number of shares available for future repurchases under the program. As modified, the repurchase program authorizes the Corporation to repurchase up to an additional $50 million of
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 $8.7 million, or $0.36 per basic and diluted common share, for the quarter ended March 31, 2026, compared to $13.7 million, or $0.71 per basic and diluted common share, for the first quarter of 2025. Adjusted earnings per common share, excluding non-recurring income and expenses(1), was $0.64 for the first quarter of 2026. Adjustments exclude $7.7 million of merger-related expenses and $370 thousand of non-recurring compensation expenses, net of tax. Key Highlights of the First Quarter
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) today announced that its acquisition of 1st Colonial Bancorp, Inc. ("1st Colonial") was completed after the close of business on February 27, 2026. In connection with the holding company merger, 1st Colonial's banking subsidiary, 1st Colonial Community Bank, has been merged with and into Mid Penn's subsidiary bank, Mid Penn Bank. The cash-and-stock transaction was valued at approximately $106.1 million and further extends Mid Penn's footprint into the greater Philadelphia metropolitan area and southern New Jersey. The consolidated assets of the combined company total approximately $7 billion. "We are pleased to complete our merger with 1s
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
4 - MID PENN BANCORP INC (0000879635) (Issuer)
8-K - MID PENN BANCORP INC (0000879635) (Filer)
8-K - MID PENN BANCORP INC (0000879635) (Filer)
10-Q - MID PENN BANCORP INC (0000879635) (Filer)
Piper Sandler upgraded Mid Penn Bancorp from Neutral to Overweight and set a new price target of $30.00 from $27.00 previously
Stephens & Co. initiated coverage of Mid Penn Bancorp with a rating of Overweight and set a new price target of $30.00
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 $8.7 million, or $0.36 per basic and diluted common share, for the quarter ended March 31, 2026, compared to $13.7 million, or $0.71 per basic and diluted common share, for the first quarter of 2025. Adjusted earnings per common share, excluding non-recurring income and expenses(1), was $0.64 for the first quarter of 2026. Adjustments exclude $7.7 million of merger-related expenses and $370 thousand of non-recurring compensation expenses, net of tax. Key Highlights of the First Quarter
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") for the quarter ended December 31, 2025, of $19.4 million, or $0.84 per basic and $0.83 per diluted common share, compared to net income of $18.3 million, or $0.80 per basic and $0.79 per diluted common share, for the third quarter of 2025, and the consensus analyst estimate of $0.84 per basic common share for the fourth quarter of 2025. Key Highlights of the Fourth Quarter of 2025: Net income available to common shareholders for the fourth quarter of 2025 was $19.4 million, an increas
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") for the quarter ended September 30, 2025, of $18.3 million, or $0.80 per basic and $0.79 per diluted common share, compared to net income of $4.8 million, or $0.22 per basic and diluted common share, for the second quarter of 2025, and exceeded the consensus analyst estimate of $0.71 per diluted common share for the third quarter of 2025. Key Highlights of the Third Quarter of 2025: Net income available to common shareholders increased 48.7% to $18.3 million, or $0.80 per basic and $0.
Mid Penn Bank (the "Bank"), a wholly-owned subsidiary of Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB), announces the appointment of Dana Stewart as first executive vice president and chief operating officer, effective January 5, 2026. In this role, he will lead the Bank's loan and deposit operations groups and will report to President and CEO Rory Ritrievi. Stewart brings more than 35 years of experience in the financial services industry. Most recently, he served as senior vice president and director of the project management office at First National Bank in Pittsburgh, PA, where he was an accomplished transformation and project delivery leader with extensive operations expertise. He
Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), parent company of Mid Penn Bank, announced today that it has entered into an agreement to acquire Sarasota, FL-based Cumberland Advisors ("Cumberland"). Cumberland recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to bring approximately $3.3 billion new assets under management to the combined company. The Company expects the transaction to be earnings-accretive immediately upon closing. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. Upon completion of the transaction, Cumberland leadership and team members will join
Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB), the parent company of Mid Penn Bank (the "Bank"), announces the appointment of Justin T. Webb as chief financial officer, effective January 8, 2024. Webb has been an integral part of the Bank since 2012, having served most recently as senior executive vice president and chief operating officer. Mid Penn Chair, President, and CEO Rory G. Ritrievi commented, "I could not be more pleased to announce Justin's appointment as the CFO of Mid Penn Bancorp, Inc. and Mid Penn Bank. We are fortunate to have someone of Justin's caliber and experience already within the Bank and ready to take on this role. His experience with the company is deep as he
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