earnings
confidence high
sentiment positive
materiality 0.60
Mid Penn Bancorp Q3 2026 net income up 18.2% to $21.6M ($0.84 diluted EPS); declares $0.23 dividend
MID PENN BANCORP INC
- Net income available to common of $21.6M, or $0.85 basic/$0.84 diluted, vs $18.3M ($0.79 diluted) in Q3 2025; adjusted EPS $0.88 excluding $1.3M expense and $789K income.
- Net interest margin fell 14 bps to 3.92% from 4.06% in Q2 2026 (8 bps from purchase accounting), but is up 32 bps YoY; net interest income $64.6M vs $65.3M linked quarter.
- Total loans $5.6B, up 16.9% YoY on the 1st Colonial and William Penn deals; deposits $6.1B, up 14.1% YoY and $141.8M (9.4% annualized) in Q3.
- Nonperforming assets rose to $47.0M from $36.8M at June 30 on an $8.2M jump in nonaccruals, including $7.0M of commercial real estate; net charge-offs just $78K.
- Board declared $0.23 per share quarterly dividend, the 64th consecutive, payable Nov. 13, 2026 to holders of record Nov. 2; core efficiency ratio 60.57%.