Mid Penn Q4 net income $13.2M ($0.72 EPS) beats consensus; declares $0.20 dividend

MID PENN BANCORP INC

2024-FY EPS reported $2.90

Q4 2024 EPS of $0.72 vs consensus $0.71; FY 2024 EPS $2.90 vs $2.29 prior year, up 32%.
Net interest margin improved to 3.21% from 3.13% QoQ; cost of funds decreased to 2.66%.
Nonperforming assets rose to $22.7M from $17.7M in prior quarter; net charge-offs remained low at 0.009%.
Completed $80M capital raise (2.375M shares at $29.50) in Nov 2024; merger with William Penn (~$107M) expected H1 2025.
Board declared $0.20 quarterly dividend, 57th consecutive, payable Feb 18, 2025 to record Feb 7, 2025.

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