Mid Penn Bancorp (MPB) investor relations material

Executive summary

• Q3 2026 net income was $21.6M, up 18.2% YoY and down 0.3% QoQ; diluted EPS was $0.84 and adjusted EPS was $0.88.

• NIM rose to 3.92% from 3.60% YoY, but fell 14 bps QoQ as lower loan yields and higher funding costs partly offset higher securities yields.

• Acquisition-led balance-sheet growth and higher nonperforming assets shaped results; management expects loan growth and noninterest income to improve in Q4 and into 2027.

Financial highlights

• Q3 net interest income was $64.6M versus $53.6M YoY and $65.3M QoQ; nine-month income rose 28.3% YoY to $185.2M.

• Q3 noninterest income was $10.0M, down 5.2% QoQ; nine-month income rose 54.5% YoY to $30.2M, primarily reflecting fiduciary and wealth income from Cumberland Advisors.

• Q3 noninterest expense was $48.6M versus $38.0M YoY, up 1.7% QoQ; nine-month expense rose 27.4% YoY to $148.3M, with acquisition costs partly offset by lower M&A expense.

• Total loans were $5.6B, up $815.3M YoY; excluding $597.5M acquired in 1st Colonial, organic growth was $176.2M, or 4.84% annualized, from Dec. 31, 2025.

• Deposits were $6.1B, up $752.3M YoY; excluding $747.1M from 1st Colonial, organic growth was $133.3M, or 3.4% annualized, from Dec. 31, 2025.

Outlook and guidance

• Management expects loan growth and noninterest income to improve in Q4 2026 and continue improving into 2027.

• Financial-center closures are expected to generate ongoing expense savings, with an anticipated earnback period of less than one year.

• Rate modeling indicated one-year net interest income would rise 1.9% under +100 bps and fall 1.7% under -100 bps; all modeled levels were within board policy limits.

• Liquidity was $1.8B, equal to 150.1% of uninsured and uncollateralized deposits and 29.3% of total deposits; management reported levels above minimum adequacy requirements.