Mid Penn Bancorp Inc MPB

FinancialsBanking ServicesUnited States of America

Last close 33.95 USD on Nov 1, 2026, +11.9% year to date

Quant rating

Quant rating C Rank 471 of 799 in Financials

Growth A 84 of 799
Valuation C 358 of 799
Quality C 417 of 799
Revisions D 563 of 799
Momentum D 578 of 799

Wall Street consensus Buy (1.75)Average target 40.00 USD +17.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 860M
Enterprise value: 873M
52-week range: 27.99 – 39.15
3-year range: 18.98 – 39.15
Dividend yield: 2.71%
Beta (5 years): 0.49
Shares outstanding: 25.3M
Next earnings: Jan 19, 2027

About the company

Mid Penn Bancorp, Inc. is a financial holding company. It conducts operations through Mid Penn Bank and its nonbank subsidiaries, engages in a full-service commercial banking and trust business, making available to the community a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits: checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. It provides a full range of trust and wealth management services through its Trust Department. The financial services are provided to individuals, partnerships, non-profit organizations, and corporations through retail banking. It operates 62 retail locations throughout Pennsylvania and central and southern New Jersey.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	324	287	236	166	123	–
Revenue growth	13.0%	21.3%	42.7%	34.3%	14.3%	24.6%
EPS (basic, normalized)	3.00	2.93	2.73	3.48	3.91	–
EPS growth	2.3%	7.4%	−21.5%	−11.1%	11.0%	−3.2%
Gross margin	–	–	–	–	–	–
Net margin	17.4%	17.3%	15.8%	33.1%	23.8%	21.5%
ROE	9.3%	8.2%	7.1%	10.9%	8.9%	8.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	12.8%
Long-term debt (mil)	2.8
Net debt (mil)	–
Total equity (mil)	903
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	324	+13.0%	2.7x	35.32	+1.8%	1.0x	2.65	−8.6%	12.8x
2026	296	−8.7%	3.0x	37.03	+4.8%	0.9x	3.25	+22.8%	10.4x
2027	323	+9.2%	2.7x	39.98	+8.0%	0.8x	3.71	+14.1%	9.1x
2028	345	+6.8%	2.5x	–	–	–	4.06	+9.4%	8.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	296	−0.3%	−0.3%	+1.6%	3.25	−2.8%	−2.9%	−8.0%
2027	323	−0.4%	−0.4%	+1.4%	3.71	−3.1%	−3.7%	−7.2%
2028	345	−0.8%	–	–	4.06	−3.3%	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	42.3	44.1	45.3	47.4	47.7	54.3	61.8	62.0	63.3	75.3
Sales mean (mil)	41.2	41.9	44.5	46.1	46.5	54.2	58.5	61.9	63.1	73.3
Surprise	+2.6%	+5.2%	+1.9%	+2.8%	+2.7%	+0.3%	+5.7%	+0.3%	+0.2%	+2.8%
EPS reported	0.73	0.71	0.74	0.72	0.71	0.32	0.79	0.83	0.39	0.87
EPS mean	0.61	0.61	0.71	0.71	0.65	0.36	0.58	0.84	0.79	0.79
Surprise	+20.4%	+17.0%	+3.7%	+0.9%	+9.0%	−11.6%	+35.0%	−0.9%	−50.7%	+10.1%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
MPB Mid Penn Bancorp Inc	860M	12.8%	17.4%	1.08x	10.4x	9.1x	0.9x	0.8x
MBWM Mercantile Bank Corporation	1.0B	12.3%	26.9%	1.11x	10.7x	10.3x	1.3x	1.2x
Mean		12.5%	22.1%	1.09x	10.6x	9.7x	1.1x	1.0x
Median		12.5%	22.1%	1.09x	10.6x	9.7x	1.1x	1.0x

Technical analysis

1M−5.8%
3M−10.9%
1Y+16.7%
3Y+98.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Mid Penn Bancorp Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	324	287	236	166	123	108
Total interest expense	125	130	89.4	17.8	14.8	19.7
Net interest income	199	157	147	148	109	88.2
Loan loss provision	1.3	1.5	3.3	4.3	–	–
Net interest income after loan loss provision	198	155	144	144	109	88.2
Non-interest income	26.8	22.5	20.0	23.7	21.5	17.9
Non-interest expense	−152	−118	−119	−99.8	−94.0	−74.8
Net income before taxes	72.4	60.0	44.7	67.3	36.1	31.3
Provision for taxes	16.1	10.6	7.3	12.5	6.7	5.1
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	56.2	49.4	37.4	54.8	29.3	26.2
Extraordinary items	–	–	–	–	–	–
Net income	56.2	49.4	37.4	54.8	29.3	26.2
Basic weighted average shares (mil)	21.8	17.0	16.3	15.9	10.8	8.4
Diluted weighted average shares (mil)	22.0	17.1	16.4	15.9	10.8	8.4
Basic EPS excluding extraordinary items	2.59	2.90	2.29	3.44	2.71	3.11
Basic EPS, normalized	3.00	2.93	2.73	3.48	3.91	3.52

Balance sheet in millions of USD, fiscal years

Balance sheet, Mid Penn Bancorp Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	46.7	37.0	45.4	53.4	41.1	31.3
Other earning assets	928	743	750	707	1,336	457
Net loans	4,827	4,408	4,219	3,495	3,090	2,371
Property, plant & equipment	66.3	49.1	48.6	46.2	45.4	38.3
Goodwill	137	128	127	114	114	62.8
Intangibles	14.7	6.2	6.5	7.3	9.4	4.4
Long-term investments	–	–	–	–	–	–
Other long-term assets	21.4	22.7	24.1	15.0	14.7	3.6
Other assets	93.6	77.2	70.9	60.0	39.6	30.6
Total assets	6,134	5,471	5,291	4,498	4,689	2,999
Liabilities
Accounts payable	10.9	13.5	14.3	2.3	1.8	2.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	15.4	8.1	9.3	9.7	11.4	11.2
Total deposits	5,215	4,690	4,346	3,778	4,002	2,475
Other bearing liabilities	20.2	20.5	55.8	1.1	77.9	71.6
Short-term borrowings	20.8	2.0	242	103	0	126
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	2.9	48.8	49.6	60.2	77.7	48.0
Minority interest	–	–	–	–	–	–
Other liabilities	34.9	33.1	31.8	31.5	28.6	10.2
Total liabilities	5,320	4,816	4,748	3,986	4,199	2,743
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	23.6	19.8	17.0	16.1	16.1	8.5
Additional paid-in capital	589	480	406	387	385	179
Retained earnings (accumulated deficit)	220	182	146	133	91.0	70.2
Treasury stock	−12.3	−10.0	−9.7	−4.9	−1.9	−1.8
Other equity	−6.3	−16.8	−16.6	−19.2	0.2	−0.1
Total equity	814	655	542	512	490	256
Total liabilities & shareholders' equity	6,134	5,471	5,291	4,498	4,689	2,999

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Mid Penn Bancorp Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	56.2	49.4	37.4	54.8	29.3	26.2
Depreciation, depletion & amortization	8.1	6.8	6.9	6.5	4.7	4.8
Deferred taxes	13.9	1.5	−1.6	2.3	0.5	−1.4
Non-cash items	2.7	1.9	1.8	3.8	3.9	2.8
Changes in working capital	−0.9	−8.3	7.4	−7.3	27.5	−18.4
Cash from operations	80.0	51.4	51.9	60.0	65.9	14.1
Investing activities
Capital expenditures	−8.2	−6.9	−2.8	−4.2	−3.5	−3.7
Other investing cash flows	91.4	−202	−406	−700	173	−585
Cash from investing	83.2	−209	−409	−705	169	−589
Financing activities
Financing cash flow items	−95.0	344	286	−202	446	562
Cash dividends paid	−18.2	−13.8	−13.0	−12.7	−8.9	−6.5
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−21.7	−199	119	6.4	−62.4	184
Cash from financing	−135	131	392	−208	375	740
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	28.4	−26.2	35.9	−853	610	165
Free cash flow	71.8	44.5	49.2	55.7	62.4	10.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.