NASDAQ$MPB
Mid Penn Bancorp Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported record quarterly earnings and declared dividend.
Mid Penn Bancorp reported a net income to common shareholders of $9,787,000, or $0.86 per common share basic and diluted, for the quarter ended September 30, 2021, reflecting a 49 percent increase compared to the same period in the prior year. The company's total assets were $3,453,187,000 as of September 30, 2021, a 15 percent increase compared to December 31, 2020.
- Net income to common shareholders increased by over 49 percent compared to the same period in the prior year.
- Total assets increased by 15 percent compared to December 31, 2020.
- Tangible book value per common share favorably increased to $24.75 as of September 30, 2021.
- A third quarter dividend of $0.20 per common share was declared, payable on November 22, 2021.
Headline financials
Revenue & EPS history
Mid Penn Bancorp · Revenue · Quarterly
$32.5M
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 merger between Mid Penn and Riverview Financial Corporation is expected to be completed in the fourth quarter of 2021, with system conversion anticipated to occur during the first quarter of 2022.
Tailwinds
- The partnership will expand Mid Penn’s presence into several new counties in Pennsylvania.
- The merger will solidify the customer base in Mid Penn’s current market area.
- The acquisition will bring on board many well-respected, talented employees.
- The combined company will develop a statewide presence.
- The merger will further Mid Penn's vision of being the best community bank in the state.
Headwinds
- The occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement between Mid Penn and Riverview.
- The outcome of any legal proceedings that may be instituted against Mid Penn or Riverview.
- Delays in completing the transaction.
- The failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction).
- The failure to obtain shareholder approvals or to satisfy any of the other conditions to the transaction on a timely basis or at all.
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 Q3 2021
+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% | — | — |
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