NASDAQ$MPB

Mid Penn Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported annual earnings and declared both a quarterly and annual dividend.

Mid Penn Bancorp reported net income to common shareholders for the quarter ended December 31, 2019, of $4,408,000, or $0.52 per common share basic and diluted, compared to earnings of $4,585,000, or $0.54 per common share basic and diluted for the quarter ended December 31, 2018.

  • Favorable operating results reflected success in building shareholder value and providing a favorable cash return through dividends.
  • Performance reflects sound organic commercial loan growth and related increases in net interest income.
  • Success in growing retail deposits and reducing the level of higher-cost wholesale borrowings and funding sources.
  • Significant increases in noninterest income from mortgage banking, SBA lending, and trust and wealth management activities.

Headline financials

Total Revenue

$22M

Previous: $19.8M+11.0%
EPS (adj)

$0.52

Previous: $0.53-1.9%
Tangible book value per common share

$19.96

Previous: $18.10+10.3%
Return on average equity

7.4%

Previous: 8.2%-9.5%
Tier 1 Capital to Average Assets

7.8%

Previous: 8.0%-2.5%
Common Tier 1 Capital to Risk Weighted Assets

9.8%

Previous: 10.0%-2.0%
Tier 1 Capital to Risk Weighted Assets

9.8%

Previous: 10.0%-2.0%
Total Capital to Risk Weighted Assets

11.9%

Previous: 12.3%-3.3%
Capital Expenditures

$2.29M

Previous: $561K+308.7%
Free Cash Flow

-$1.66M

Previous: $4.13M-140.1%
Net Income

$4.41M

Previous: $4.65M-5.2%
Operating Income

$5.59M

No prior period
Cash & Equivalents

$139M

Previous: $24.6M+465.2%
Total Assets

$2.23B

Previous: $2.08B+7.4%

Revenue & EPS history

Mid Penn Bancorp · Revenue · Quarterly

$22M

Q4 2019+11%vs Q4 2018
Beat estimate in 8 of 11 quarters(73%)
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

Forward guidance

Mid Penn looks forward to 2020 with the intent to further take advantage of our larger scale and expanded products and services to deliver continued accretive earnings and increasing value for our dedicated shareholders.

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 Q4 2019

Historical avgQ4 2019

+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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