NASDAQ$MPB
Mid Penn Bancorp Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported solid financial results with enhanced liquidity and balance sheet growth.
Mid Penn Bancorp reported a net income of $11.2 million for the quarter ended March 31, 2023. The company experienced loan growth at an annualized rate of 11.2% and deposit growth at an annualized rate of 10.7%. The Board announced a quarterly cash dividend of $0.20 per share of common stock.
- Liquidity enhanced to nearly $1.36 billion, representing 187% of uninsured deposits or 35% of total deposits.
- Deposits grew by $99.8 million, or 10.7% annualized, from the previous quarter.
- Loan growth was 11.2% annualized during the quarter.
- Earnings of $11.2 million; return on average assets was 1.01%.
Headline financials
Revenue & EPS history
Mid Penn Bancorp · Revenue · Quarterly
$40.4M
Revenue by segment
Mid Penn Bancorp · $13.8M total across 4 segments · Q4 2020
- Mortgage banking$9.68M—70.3%
- ATM debit card interchange$1.96M—14.2%
- Fiduciary and wealth management$1.69M—12.3%
- Net gain on sales of SBA loans$442K—3.2%
Forward guidance
The company's focus throughout the remainder of 2023 will be on continued quality growth in loans and deposits, a laser focus on expense control and a laser focus on asset quality.
Tailwinds
- Continued quality growth in loans
- Continued quality growth in deposits
- Laser focus on expense control
- Laser focus on asset quality
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.1%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.8%
Avg return
30 days after
61%
40 / 66 earnings
Positive
+18.5%
Q1 2020
Best reaction
-6.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | +1.0% | -3.3% | |
| Q4 2025 | +2.5% | -5.9% | +1.0% | |
| Q3 2025 | +1.1% | -3.9% | -0.7% | |
| Q2 2025 | -1.1% | +0.0% | +5.6% | |
| Q1 2025 | -0.8% | -1.1% | -10.3% | |
| Q4 2024 | +1.0% | +2.3% | -4.3% | |
| Q3 2024 | +1.6% | +4.9% | +5.5% | |
| Q2 2024 | +4.5% | +5.4% | +11.1% | |
| Q1 2024 | +1.5% | +1.1% | +4.1% | |
| Q4 2023 | -3.6% | -10.4% | -12.2% | |
| Q3 2023 | +2.8% | +1.8% | +13.2% | |
| Q2 2023 | -3.0% | -4.7% | -12.9% | |
| Q1 2023 | -2.3% | -13.6% | +2.8% | |
| Q4 2022 | +0.3% | +1.2% | +0.7% | |
| Q3 2022 | +2.9% | +5.1% | +5.1% | |
| Q2 2022 | +2.4% | +4.5% | +5.8% | |
| Q1 2022 | +3.9% | +1.5% | +6.8% | |
| Q4 2021 | -3.5% | -3.9% | -7.4% | |
| Q3 2021 | +1.5% | +5.9% | +17.4% | |
| Q2 2021 | +0.5% | -1.8% | -0.3% | |
| Q1 2021 | +1.8% | +4.6% | +11.3% | |
| Q4 2020 | +3.6% | +7.0% | +12.0% | |
| Q3 2020 | -2.0% | +2.2% | +17.9% | |
| Q2 2020 | +4.2% | +3.4% | +10.5% | |
| Q1 2020 | +18.5% | +14.4% | +23.5% | |
| Q4 2019 | -6.5% | -12.6% | -19.8% | |
| Q3 2019 | +1.0% | +3.2% | +6.1% | |
| Q2 2019 | -1.5% | -1.6% | -17.8% | |
| Q1 2019 | +3.4% | +1.4% | +0.5% | |
| Q4 2018 | -1.9% | -2.9% | +3.1% | |
| Q3 2018 | -0.4% | +5.4% | +5.1% | |
| Q2 2018 | -3.2% | -3.0% | -10.5% | |
| Q1 2018 | +1.9% | +0.0% | -4.3% | |
| Q4 2017 | +8.2% | +4.3% | +0.5% | |
| Q3 2017 | +0.0% | +0.0% | +8.6% | |
| Q2 2017 | +2.3% | +2.3% | +3.4% | |
| Q1 2017 | +2.7% | +4.0% | +0.2% | |
| Q4 2016 | -2.4% | -1.6% | +6.1% | |
| Q3 2016 | -0.2% | +0.1% | +13.1% | |
| Q2 2016 | +3.5% | +3.7% | +14.1% | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | +3.5% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | +3.6% | — | — | |
| Q2 2014 | +2.9% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | +4.5% | — | — | |
| Q2 2013 | +1.3% | — | — | |
| Q1 2013 | -2.9% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q1 2012 | +3.0% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q1 2010 | -4.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro