Quarterly ResultOct 21, 2026, 05:16 PM
Mid Penn Bancorp Q3 Net Income $21.6M; Declares $0.23 Dividend
AI Summary
Mid Penn Bancorp, Inc. reported its third quarter 2026 financial results, with net income available to common shareholders of $21.6 million, or $0.85 per basic share, an increase from $18.3 million, or $0.80 per share, in the third quarter of 2025. The company also declared a quarterly cash dividend of $0.23 per common share. Loan balances grew 16.9% year-over-year to $5.6 billion, and total deposits increased 14.1% to $6.1 billion. While net interest margin saw a sequential decrease, it improved year-over-year.
Key Highlights
- Mid Penn Bancorp reported Q3 2026 net income of $21.6 million, or $0.85 per basic share, up from $18.3 million, or $0.80 per share, in Q3 2025.
- Declared a quarterly cash dividend of $0.23 per common share, payable November 13, 2026.
- Loan balances increased 16.9% year-over-year to $5.6 billion.
- Total deposits increased 14.1% year-over-year to $6.1 billion.
- Net interest margin decreased 14 bps sequentially to 3.92% but increased 32 bps year-over-year.
- Core efficiency ratio was 60.57% for Q3 2026.
- Book value per common share remained $35.62 as of September 30, 2026.
Price Impact
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