NASDAQ$MPB

Mid Penn Bancorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported record quarterly earnings and declared dividend.

Mid Penn Bancorp reported record quarterly earnings for the quarter ended June 30, 2020, with net income to common shareholders of $6,833,000, or $0.81 per common share basic and diluted. The success was largely impacted by Mid Penn Bank’s participation in the Paycheck Protection Program.

  • Net income to common shareholders for the quarter ended June 30, 2020 was $6,833,000, or $0.81 per common share basic and diluted.
  • Quarterly net income and quarterly earnings per share represent the highest on record for Mid Penn Bancorp, Inc.
  • Total assets reached $2,922,365,000 as of June 30, 2020, a 37 percent increase compared to June 30, 2019.
  • The Board of Directors declared a quarterly dividend of $0.18 per common share, payable on August 24, 2020.

Headline financials

Total Revenue

$25M

Previous: $20.6M+20.9%
EPS (adj)

$0.81

Previous: $0.52+55.8%
Return on average equity

11.4%

Previous: 7.7%+48.0%
Tax-equivalent net interest margin

3.4%

Previous: 3.7%-8.7%
Capital Expenditures

-$2.69M

Previous: -$1.12M-141.0%
Free Cash Flow

$4.15M

Previous: $3.29M+26.1%
Net Income

$6.83M

Previous: $4.4M+55.2%
Operating Income

$17.8M

Previous: $11.6M+53.3%
Gross Profit

$25M

Previous: $20.6M+20.9%
Cash & Equivalents

$36.8M

Previous: $33.2M+11.0%
Total Assets

$2.92B

Previous: $2.14B+36.8%
Stock-Based Comp

$96K

Previous: $80K+20.0%

Revenue & EPS history

Mid Penn Bancorp · Revenue · Quarterly

$25M

Q2 2020+20.9%vs Q2 2019
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

Mid Penn Bancorp · $13.8M total across 4 segments · Q4 2020

  • Mortgage banking
    $9.68M
  • ATM debit card interchange
    $1.96M
  • Fiduciary and wealth management
    $1.69M
  • Net gain on sales of SBA loans
    $442K

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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%

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