Quarterly ResultJul 28, 2026, 08:08 AM
Mid Penn Bancorp Q2 Net Income $21.7M; Assets $7.1B; Strategic Acquisitions
AI Summary
Mid Penn Bancorp furnished an investor presentation for meetings during the third quarter of 2026. The presentation highlighted strong Q2 2026 financial results, including net income of $21.7 million ($0.85 per share) and core net income of $22.0 million ($0.87 per share). The company reported total assets of $7.1 billion and deposits of $6.0 billion as of June 30, 2026, reflecting significant growth driven by recent strategic acquisitions, including 1st Colonial Bancorp, Inc. and Cumberland Advisors.
Key Highlights
- Q2 2026 Net Income was $21.7 million, or $0.85 per share.
- Q2 2026 Core Net Income was $22.0 million, or $0.87 per share.
- Total Assets reached $7.1 billion as of June 30, 2026.
- Total Deposits were $6.0 billion as of June 30, 2026.
- Closed acquisition of 1st Colonial Bancorp, Inc. for $106 million on February 27, 2026.
- Closed acquisition of Cumberland Advisors, adding $3.2 billion AUM, on January 1, 2026.
- Q2 2026 GAAP Return on Average Assets (ROAA) was 1.24%.
- Q2 2026 Net Interest Margin (NIM) was 4.06%.
Price Impact
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