Mid Penn Q3 net income $12.3M ($0.74 EPS) beats consensus; declares $0.20 dividend

MID PENN BANCORP INC

2024-Q3 EPS reported $2.18

Net income available to common shareholders $12.3M ($0.74 diluted EPS) vs $9.2M ($0.56) in Q3 2023, beating consensus $0.72.
Net interest margin 3.13%, up 1bp from Q2 2024; deposits grew $209.8M (18.6% annualized) in Q3.
Loan growth $67.1M (6.2% annualized); asset quality strong with net charge-offs of 0.008% of loans.
Board declared $0.20 per share quarterly dividend, payable Nov 25, 2024 to holders of record Nov 8 (56th consecutive).
Completed $2.0M acquisition of an insurance business on July 31, 2024; contributed $69K earnings in Q3.

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