secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000879635-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp Q4 2023 net income $12.1M ($0.73 EPS), up 31% QoQ; declares $0.20 dividend
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- Net income available to common shareholders $12.1M ($0.73 diluted EPS), up 31% from Q3 2023 ($9.2M, $0.56 EPS).
- Net interest margin narrowed to 3.02% from 3.16% QoQ; net interest income $37.0M vs $37.5M in Q3.
- Loan growth of $107.1M (10.5% annualized); deposits decreased $35.4M (3.2% annualized).
- Board declared Q1 cash dividend of $0.20 per share, payable Feb 20, 2024 to holders of record Feb 9, 2024.
- Noninterest expense decreased $2.4M to $27.5M; provision for credit losses on loans $221k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963524000024/0000879635-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963524000024/mpb-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000879635-24-000024

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