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 | Jeffrey Wolff Senior Vice President, Chief Accounting Officer |
| Business Overview |
| Mid Penn Bancorp, Inc. is a financial holding company. The Company conducts its operations through Mid Penn Bank, a full-service commercial bank, and MPB Risk Services, LLC, a provider of insurance services to individuals, families, and businesses. It operates retail locations throughout the Commonwealth of Pennsylvania and central New Jersey and offers a portfolio of financial products and services. 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, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, and others. It provides services to commercial businesses and real estate investors, consumers, and municipalities through its 49 full-service retail banking properties. |
| Financial Overview |
| For the nine months ended 30 September 2024, Mid Penn Bancorp Inc interest income increased 25% to $213.3M. Net interest income after loan loss provision increased 7% to $114.2M. Net income increased 43% to $36.2M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Dividend per share remained flat at $0.60. |
| Employees: | 612 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $630.58M as of Sep 30, 2024 |
| Annual revenue (TTM): | $279.39M as of Sep 30, 2024 |
| EBITDA (TTM): | $80.94M as of Sep 30, 2024 |
| Net annual income (TTM): | $48.30M as of Sep 30, 2024 |
| Free cash flow (TTM): | $47.54M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $105.57M as of Sep 30, 2024 |
| Shares outstanding: | 19,351,424 as of Nov 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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