Mid Penn Bancorp, Inc.
- Open
- 34.65
- Day high
- 35.02
- Day low
- 34.13
- Prev close
- 34.24
- Volume
- 361K
- Mkt cap
- $883M
- P/E (TTM)
- 15.6
- EPS (TTM)
- $2.24
- P/B
- 1.0
- P/S
- 2.5
- Yield
- 2.61%
- Per share
- $0.91
- ▲Insiders net buying $34K over the last 3 months (2 open-market buys, 0 sales)
- 🏛Institutions accumulating (13F)
Mid Penn Bancorp, Inc. (MPB) is a Financial Services company listed on NASDAQ. The stock is up 20% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4).
Mid Penn Bancorp, Inc. (MPB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MPB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $0.80 | $0.64 | -20.0% | $65M | +2.9% |
| Mar 12, 2026 | — | $0.83 | — | $92M | — |
| Oct 22, 2025 | $0.75 | $0.77 | +2.7% | $61M | +1.1% |
| Jul 23, 2025 | $0.69 | $0.70 | +1.4% | $54M | -7.9% |
| Apr 23, 2025 | $0.65 | $0.72 | +10.8% | $48M | +1.5% |
| Mar 13, 2025 | — | $0.72 | — | $79M | — |
| Oct 23, 2024 | $0.71 | $0.74 | +4.2% | $45M | +0.7% |
| Jul 24, 2024 | $0.61 | $0.71 | +16.4% | $44M | +5.1% |
| Oct 25, 2023 | $0.63 | $0.56 | -11.1% | $42M | +0.2% |
| Jul 27, 2023 | $0.70 | $0.68 | -2.9% | $41M | +0.2% |
| Apr 28, 2023 | $0.88 | $0.70 | -20.5% | $40M | -10.7% |
| Mar 16, 2023 | — | $0.99 | — | $53M | — |
MPB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | RITRIEVI RORY Gdirector, officer: President and CEO | Tax | 356 | $32.11 |
| May 18, 2026 | Stephon Kenneth Johndirector, officer: Chief Corp Development Officer | Tax | 5,261 | $31.12 |
| May 5, 2026 | De Soto Matthew Gdirector | Buy | 500 | $32.72 |
| May 5, 2026 | De Soto Matthew Gdirector | Buy | 525 | $32.77 |
| Apr 3, 2026 | Hudson Brian Arden Sr.director | Grant | 1,700 | — |
| Apr 3, 2026 | Kiefer Bruce Adirector | Grant | 1,700 | — |
| Apr 3, 2026 | Spotts Paul Wofficer: Chief Credit Officer | Grant | 600 | — |
| Apr 3, 2026 | Frank Joel L.director | Grant | 1,700 | — |
| Apr 3, 2026 | Noone John Edirector | Grant | 1,700 | — |
| Apr 3, 2026 | De Soto Matthew Gdirector | Grant | 1,700 | — |
| Apr 3, 2026 | Miller Zachary Cofficer: Chief Risk Officer | Grant | 1,897 | — |
| Apr 3, 2026 | RITRIEVI RORY Gdirector, officer: President and CEO | Grant | 11,622 | — |
| Apr 3, 2026 | Paese Joseph Lofficer: Dir. Trust, Wealth Mgmt | Grant | 3,051 | — |
| Apr 3, 2026 | Specht William A IIIdirector | Grant | 1,700 | — |
| Apr 3, 2026 | Gathagan Maureen M.director | Grant | 1,700 | — |
Source: MPB SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full MPB insider & 13F page →Mid Penn Bancorp, Inc. company profile
Overview
Mid Penn Bancorp, Inc. (NASDAQ:MPB) is a regional bank holding company founded in 1868 and headquartered in Harrisburg, Pennsylvania. The company operates through its subsidiary Mid Penn Bank, which provides commercial banking services across central Pennsylvania. With over 150 years of history, Mid Penn has grown from a local community bank to a regional financial institution serving 19 counties throughout Pennsylvania through 60 full-service retail banking locations. The bank went public in 1997 and has established itself as a significant player in Pennsylvania's regional banking market.
Business
Mid Penn Bancorp operates in the regional banking industry, providing traditional commercial banking services to individuals, businesses, non-profit organizations, and government entities across Pennsylvania. Regional banks like Mid Penn serve as intermediaries between depositors who provide funds and borrowers who need capital, earning income primarily through the spread between interest paid on deposits and interest earned on loans. The company's core services include deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts (IRAs). These products allow customers to safely store their money while earning interest, with the bank using these funds to make loans to other customers. On the lending side, Mid Penn offers a comprehensive range of loan products including residential mortgages, home equity loans, commercial real estate loans, business lines of credit, construction financing, agricultural loans, and consumer loans. The bank also provides specialized lending to community development projects and local government entities, reflecting its commitment to supporting local economic growth. Beyond traditional banking, Mid Penn offers ancillary services including online and mobile banking platforms, cash management services for businesses, automated teller machine (ATM) access, safe deposit boxes, and trust and wealth management services. These services help generate fee income and strengthen customer relationships by providing comprehensive financial solutions under one roof.
Revenue model
Mid Penn generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread typically represents 70-80% of total revenue for regional banks. The bank's loan portfolio, totaling approximately $4.2 billion, generates interest income while customer deposits of around $4.5 billion represent the primary funding source. The company also earns non-interest income through various fee-based services including account maintenance fees, overdraft fees, loan origination fees, wealth management fees, and transaction processing fees. Trust and investment services provide recurring fee income based on assets under management. Several factors influence Mid Penn's profitability margins. Interest rate environments significantly impact the bank's net interest margin - rising rates generally benefit banks by allowing them to charge higher loan rates while deposit rates adjust more slowly. Credit quality affects margins through loan loss provisions, with economic downturns requiring higher reserves for potential defaults. Competition from larger national banks, credit unions, and fintech companies can pressure both deposit rates and loan pricing. Regulatory compliance costs represent a significant fixed expense that can impact efficiency ratios. Economic conditions in Pennsylvania affect loan demand, credit quality, and deposit flows, while technological investments in digital banking platforms require ongoing capital expenditure but can improve long-term efficiency and customer retention.
Competitive moat
Mid Penn's competitive moat is relatively modest but derives from several regional banking advantages. The company benefits from local market knowledge and established relationships built over 150+ years in Pennsylvania communities, allowing for more personalized service and better understanding of local credit risks compared to large national banks. This relationship-based approach helps retain customers and enables cross-selling of multiple banking products. The bank's branch network across 19 Pennsylvania counties provides geographic diversification and physical presence that remains important for certain customer segments, particularly small businesses and older demographics who value in-person banking relationships. Mid Penn's focus on commercial real estate and business lending in markets they understand well gives them some competitive advantage over distant lenders. However, the moat faces significant challenges. Regulatory barriers that historically protected regional banks have weakened, allowing fintech companies and national banks to compete more effectively for deposits and loans. Digital banking trends reduce the importance of physical branch networks, while low switching costs make it relatively easy for customers to move to competitors offering better rates or services. Large national banks can offer more competitive pricing due to their scale advantages and broader product offerings. The rise of online-only banks and credit unions with favorable tax treatment creates additional competitive pressure. Mid Penn's moat is therefore narrow and primarily defensive, relying on customer inertia and local relationships rather than structural competitive advantages.
Risks & safety
Mid Penn demonstrates moderate financial stability with manageable risk levels typical of well-capitalized regional banks. • Liquidity position: Strong cash position of $37 million plus short-term investments, with additional access to federal funding sources and correspondent bank lines • Debt levels: Conservative debt-to-equity ratio of 12.1% as of Q4 2024, indicating low leverage and financial flexibility • Capital adequacy: Well-capitalized with total equity of $655 million representing 12% of total assets, providing substantial buffer for loan losses • Profitability: Consistent earnings with 2024 net income of $49.4 million and ROE of 7.5%, though below historical levels • Valuation metrics: Trading at attractive P/E ratio of 9.9x and price-to-book of 0.75x, suggesting potential undervaluation • Asset quality: Large loan portfolio of ~$4.2 billion requires ongoing monitoring for credit deterioration, particularly given concentration in Pennsylvania real estate markets • Interest rate sensitivity: Regional banks face margin pressure from rate volatility and potential economic slowdown affecting credit quality
Recent development
Based on available financial data, Mid Penn has focused on several key strategic areas over recent years. The bank has maintained steady organic growth with total assets increasing from $4.5 billion in 2022 to $5.5 billion in 2024, representing approximately 11% compound annual growth. This expansion reflects both loan portfolio growth and strategic market expansion within Pennsylvania. The company has emphasized digital banking investments to compete with larger institutions and fintech companies, though specific technology initiatives are not detailed in the available financial statements. Like most regional banks, Mid Penn has likely invested in mobile banking platforms, online account opening, and digital payment systems to meet evolving customer expectations. Credit quality management has been a focus area, with the bank maintaining relatively stable loan loss provisions despite economic uncertainties. The institution has also worked to optimize its branch network and operational efficiency while maintaining its community banking approach across its 60-location footprint. The bank's wealth management and trust services appear to represent a growth initiative, providing higher-margin fee income opportunities compared to traditional lending. This diversification helps reduce dependence on net interest income and provides more stable revenue streams during economic cycles.
MPB company profile · for informational purposes only — not investment advice.
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