NASDAQ$MPB

Mid Penn Bancorp Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record annual earnings and declared dividend.

Mid Penn Bancorp reported a record year with net income to common shareholders of $26.209 million, or $3.11 per common share basic and $3.10 per share diluted, for the year ended December 31, 2020. Fourth quarter earnings were $9.011 million, or $1.07 per common share basic and $1.06 per share diluted.

  • Q4 2020 earnings more than doubled compared to Q4 2019.
  • Board of Directors declared a quarterly dividend of $0.19 per common share.
  • Tangible book value per common share increased by $2.43 or 12 percent for the year.
  • Total assets increased by $767.773 million or 34 percent compared to the previous year.

Headline financials

Total Revenue

$33.8M

Previous: $22M+53.8%
EPS (adj)

$1.06

Previous: $0.52+103.8%
Return on average equity

14.3%

Previous: 7.4%+93.5%
Tier 1 Capital to Average Assets

6.8%

Previous: 7.8%-12.8%
Common Tier 1 Capital to Risk Weighted Assets

9.6%

Previous: 9.8%-2.0%
Total Capital to Risk Weighted Assets

12.6%

Previous: 11.9%+5.9%
Tax-equivalent net interest margin

4.0%

No prior period
Capital Expenditures

$747K

Previous: $2.29M-67.4%
Free Cash Flow

$14.4M

Previous: -$1.66M+971.7%
Net Income

$9.01M

Previous: $4.41M+104.4%
Cash & Equivalents

$31.3M

Previous: $139M-77.5%
Total Assets

$3B

Previous: $2.23B+34.4%
Stock-Based Comp

$118K

No prior period

Revenue & EPS history

Mid Penn Bancorp · Revenue · Quarterly

$33.8M

Q4 2020+53.8%vs Q4 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

Forward guidance

This press release does not contain forward guidance. Therefore, the following sections are empty.

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 2020

Historical avgQ4 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%

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