secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0000879635-25-000015
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 Q4 net income $13.2M ($0.72 EPS) beats consensus; declares $0.20 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963525000015/0000879635-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963525000015/mpb-20250122.htm
  HTML page:      https://secwatch.observer/filing/0000879635-25-000015

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