secwatch.observer — SEC 8-K summary
======================================

Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000879635-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp Q4 net income $15.7M ($0.99 EPS); announces Brunswick Bancorp acquisition
--------------------------------------------------------------------------------

- Net income of $15.7M ($0.99 per share) vs $15.5M ($0.97) in Q3 2022; full-year 2022 EPS of $3.44 is record.
- Loans grew 22.9% annualized; net interest margin (TE) 3.80% vs 3.92% linked quarter and 3.16% YoY.
- Provision for loan losses fell to $525K from $1.6M in Q3; nonperforming assets declined to $8.6M from $10.0M YoY.
- Declared quarterly dividend of $0.20 per share, payable Feb 20 to holders of record Feb 10.
- Agreed to acquire Brunswick Bancorp for ~$53.9M (cash and stock), expanding into central New Jersey.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963523000008/0000879635-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963523000008/mpb-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000879635-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer