secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000879635-24-000168
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 Q3 net income $12.3M ($0.74 EPS) beats consensus; declares $0.20 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963524000168/0000879635-24-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963524000168/mpb-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000879635-24-000168

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