Quarterly ResultApr 21, 2026, 05:06 PM
Mid Penn Bancorp Q1 Net Income $8.7M, EPS $0.36
AI Summary
Mid Penn Bancorp reported Q1 2026 net income of $8.7 million, or $0.36 per diluted common share, a decrease from $13.7 million ($0.71 EPS) in Q1 2025, primarily due to $7.7 million in merger-related expenses. Adjusted earnings per common share for the quarter were $0.64. The company completed the acquisitions of 1st Colonial Bancorp and Cumberland Advisors, significantly expanding its asset base, loan portfolio, and wealth management capabilities. Net interest margin improved to 3.80%, and loan and deposit balances saw substantial growth, largely driven by these acquisitions.
Key Highlights
- Q1 2026 net income: $8.7 million ($0.36 EPS).
- Adjusted Q1 2026 EPS: $0.64.
- Net interest margin increased to 3.80% in Q1 2026.
- Loan balances grew $647.1 million (54.0% annualized) in Q1.
- Deposits increased $756.3 million (58.8% annualized) in Q1.