Mid Penn Q3 earnings $9.2M, NIM down 13bp QoQ; organic loan growth 10.9%

MID PENN BANCORP INC

2023-Q3 EPS reported $1.56

Net income available to common shareholders of $9.2 million, or $0.56 per diluted share.
Net interest margin (tax-equivalent) fell to 3.16% from 3.29% in Q2 and 3.92% a year ago.
Organic loan growth of $111.1M (10.9% annualized) and organic deposit growth of $94.9M (8.8% annualized).
Nonperforming assets declined $1.6M to $14.7M; credit quality improved.
Board declared quarterly cash dividend of $0.20 per share, payable Nov 27, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MID PENN BANCORP INC reported the quarter ended September 30, 2023 results: net income $9.2 million, or $0.56 per diluted common share, EPS $0.56 per diluted common share.

Period: the quarter ended September 30, 2023
Net income: $9.2 million, or $0.56 per diluted common share
EPS: $0.56 per diluted common share
Result: reported results

Exact text from the filing

Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended September 30, 2023, of $9.2 million, or $0.56 per diluted common share.

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Source: SEC EDGAR

accession 0000879635-23-000090

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