Mid Penn Bancorp Inc (OQ:MPB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2407 Park Drive HARRISBURG PA 17110 |
| Tel: | 1-717-9146577 |
| Website: | https://www.midpennbank.com |
| IR: | See website |
| Key People | ||
| Rory G. Ritrievi Chairman of the Board, President, Chief Executive Officer of the Corporation and the Bank | Justin T. Webb Chief Financial Officer, Senior Executive Vice President | Jordan D. Space Chief Operating Officer, President - Private Bank |
| Scott W. Micklewright Senior Executive Vice President, Chief Revenue Officer of the Bank, President of the Commercial and Consumer Banks | Joseph L. Paese Executive Vice President, Director - Trust and Wealth Management of the Bank | |
| Business Overview |
| Mid Penn Bancorp, Inc. is a financial holding company. Its operations are conducted by Mid Penn Bank and its nonbank subsidiaries are engaged in commercial banking and trust business. It provides full-service commercial banking and financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development and local government loans and various types of time and demand deposits. It offers services to commercial businesses and real estate investors, consumers, nonprofit organizations, and municipalities through its 49 full-service retail banking properties. Its investment portfolio includes the United States Treasury and United States government agencies, mortgage-backed United States government agencies, and corporate bonds. It also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mid Penn Bancorp Inc interest income increased 43% to $236.3M. Net interest income after loan loss provision increased less than 1% to $143.7M. Net income decreased 32% to $37.4M. Net interest income after loan loss provision reflects Community banking segment increase from $0K to $143.7M, also reflect Net Interest Margin, Total - % decrease of 9% to 3.26%, Net Interest Spread. |
| Employees: | 612 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $598.83M as of Mar 31, 2024 |
| Annual revenue (TTM): | $236.34M as of Mar 31, 2024 |
| EBITDA (TTM): | $70.12M as of Mar 31, 2024 |
| Net annual income (TTM): | $37.40M as of Mar 31, 2024 |
| Free cash flow (TTM): | $36.19M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $245.65M as of Mar 31, 2024 |
| Shares outstanding: | 16,565,637 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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