MID PENN BANCORP INC

Mid Penn Bancorp, Inc. filed an amendment to detail the change in control agreement for Dana R. Stewart, First Executive Vice President and Chief Operating Officer of Mid Penn Bank. The agreement, effective July 31, 2026, has a three-year term and includes a "double-trigger" severance provision. If triggered, Mr. Stewart would receive 2.25 times his annual base salary and 27 months of health benefits.

Mid Penn Bancorp reported a significant increase in net income and EPS for the second quarter of 2026, largely driven by strategic acquisitions. Net income surged to $21.7 million, up 355.5% year-over-year, with basic EPS reaching $0.86. The company's total assets, net loans, and total deposits also saw substantial growth, reflecting the impact of the Cumberland Advisors and 1st Colonial Bancorp acquisitions completed earlier in the year.

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.

Mid Penn Bancorp, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income available to common shareholders soaring to $21.7 million, or $0.85 per diluted common share, significantly exceeding prior year figures and analyst estimates. The company also announced its 63rd consecutive quarterly dividend, increasing it by 4.55% to $0.23 per common share. Key highlights include a substantial increase in net interest margin, healthy loan growth, and an improved core efficiency ratio, reflecting successful integration of recent acquisitions and disciplined management.

Mid Penn Bancorp, Inc. held its Annual Meeting of Shareholders on May 12, 2026, with 20,120,398 shares present. Shareholders elected five individuals to serve as Class A members of the Board of Directors for a three-year term. Additionally, a non-binding proposal to approve executive compensation was ratified, and the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2026 was also ratified.

Mid Penn Bancorp, Inc. held its Annual Meeting of Shareholders on May 12, 2026, where shareholders voted on the election of five Class A Directors, an advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for 2026. The company also presented an investor overview, highlighting its financial position as of March 31, 2026, with $7.0 billion in assets, $5.5 billion in gross loans, and $6.0 billion in deposits. The presentation emphasized recent strategic acquisitions and strong asset quality, alongside the declaration of a $0.22 per share cash dividend.

Mid Penn Bancorp completed two significant acquisitions in Q1 2026: Cumberland Advisors, Inc. on January 1 and 1st Colonial Bancorp, Inc. on February 27. These acquisitions contributed to substantial growth in assets and deposits. For Q1 2026, net income decreased to $8.7 million, or $0.36 per diluted share, compared to $13.7 million, or $0.71 per diluted share, in Q1 2025, primarily due to increased merger-related expenses and provision for credit losses.

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.