MID PENN BANCORP INC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
MPB$34.78-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| MID PENN BANCORP, INC. | Consolidated Statements of Income |
|---|
| Year Ended December 31, | |||
|---|---|---|---|
| (Dollars in thousands, except per share data) | 2025 | 2024 | 2023 |
| INTEREST INCOME | |||
| Loans, including fees | $292,184 | $265,522 | $218,060 |
| Investment securities: | |||
| Taxable | 22,301 | 16,542 | 16,005 |
| Tax-exempt | 1,343 | 1,464 | 1,540 |
| Other interest-bearing balances | 611 | 1,127 | 361 |
| Federal funds sold | 7,331 | 1,928 | 373 |
| Total Interest Income | 323,770 | 286,583 | 236,339 |
| INTEREST EXPENSE | |||
| Deposits | 121,806 | 116,320 | 79,295 |
| Short-term borrowings | 381 | 10,575 | 7,087 |
| Long-term and subordinated debt | 2,488 | 3,017 | 2,984 |
| Total Interest Expense | 124,675 | 129,912 | 89,366 |
| Net Interest Income | 199,095 | 156,671 | 146,973 |
| Provision for credit losses - loans | 1,598 | 2,144 | 3,295 |
| (Benefit)/provision for credit losses - credit commitments | (301) | (628) | 404 |
| Net provision for credit losses | 1,297 | 1,516 | 3,699 |
| Net Interest Income After Provision for Credit Losses | 197,798 | 155,155 | 143,274 |
| NONINTEREST INCOME | |||
| Fiduciary and wealth management | 5,298 | 4,680 | 5,059 |
| ATM debit card interchange | 3,949 | 3,851 | 4,019 |
| Service charges on deposits | 2,495 | 2,176 | 1,943 |
| Mortgage banking | 2,832 | 2,476 | 1,353 |
| Mortgage hedging | 12 | 10 | 324 |
| Net gain on sales of SBA loans | 220 | 347 | 571 |
| Earnings from cash surrender value of life insurance | 1,979 | 1,141 | 1,112 |
| Net gain on sales of investment activities | 10 | — | — |
| Other | 10,047 | 7,812 | 5,627 |
| Total Noninterest Income | 26,842 | 22,493 | 20,008 |
| NONINTEREST EXPENSE | |||
| Salaries and employee benefits | 78,029 | 64,098 | 59,345 |
| Software licensing and utilization | 12,562 | 9,300 | 7,927 |
| Occupancy, net | 9,905 | 7,571 | 7,349 |
| Equipment | 5,025 | 4,928 | 5,121 |
| Shares tax | 2,776 | 2,350 | 2,713 |
| Legal and professional fees | 3,881 | 4,306 | 2,945 |
| ATM/card processing | 2,682 | 2,284 | 2,108 |
| Intangible amortization | 3,046 | 1,784 | 1,780 |
| FDIC Assessment | 3,452 | 4,170 | 3,500 |
| Loss/(gain) on sale of foreclosed assets, net | 646 | 80 | (144) |
| Merger and acquisition | 11,519 | 545 | 5,544 |
| Post-acquisition restructuring | — | — | 2,952 |
| Other | 18,747 | 16,200 | 17,448 |
| Total Noninterest Expense | 152,270 | 117,616 | 118,588 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 72,370 | 60,032 | 44,694 |
| Provision for income taxes | 16,122 | 10,595 | 7,297 |
| NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $56,248 | $49,437 | $37,397 |
| PER COMMON SHARE DATA: | |||
| Basic Earnings Per Common Share | $2.59 | $2.90 | $2.29 |
| Diluted Earnings Per Common Share | $2.55 | $2.90 | $2.29 |
| Weighted-average basic shares outstanding | 21,757,060 | 17,026,240 | 16,319,006 |
| Weighted-average diluted shares outstanding | 22,022,475 | 17,070,862 | 16,350,963 |
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