NASDAQ$MPB
Mid Penn Bancorp Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported net income available to common shareholders of $9.2 million, or $0.56 per diluted common share for Q3 2023.
Mid Penn Bancorp reported a challenging third quarter of 2023 with net income available to common shareholders of $9.2 million, or $0.56 per diluted common share. The company faced external pressures such as an inverted yield curve and elevated mortgage rates. However, there was significant organic growth on both sides of the balance sheet and a continuous improvement in asset quality metrics.
- Organic loan growth was $111.1 million, or 10.9% (annualized), from the second quarter of 2023.
- Organic deposit growth was $94.9 million, or 8.8% (annualized), from the second quarter of 2023.
- Credit quality strengthened with nonperforming assets declining $1.6 million from June 30, 2023.
- A quarterly cash dividend of $0.20 per share of common stock was declared.
Headline financials
Revenue & EPS history
Mid Penn Bancorp · Revenue · Quarterly
$42.8M
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
Mid Penn is currently evaluating levels of noninterest expense for opportunities to reduce operating costs throughout the organization.
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 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% | — | — |
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