Mid Penn Bancorp (MPB) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $18.3 million, up 48.7% year-over-year, with diluted EPS of $0.79 and basic EPS of $0.80; nine-month net income was $36.8 million, nearly flat year-over-year due to higher share count from acquisitions.

• Annualized Q3 revenues reached $247.2 million, a 13.8% increase from Q2 2025.

• Major acquisitions included William Penn (closed April 2025), Charis Insurance Group, and pending deals with 1st Colonial Bancorp ($101 million) and Cumberland Advisors (expected to add $3.3 billion AUM).

• Quarterly dividend increased 10% to $0.22 per share, marking the 60th consecutive quarterly dividend.

Financial highlights

• Net interest income for Q3 2025 was $53.6 million, up from $40.2 million in Q3 2024 and $48.2 million in Q2 2025; net interest margin rose to 3.60% from 3.13% year-over-year.

• Total assets reached $6.3 billion, up 14.6% from December 2024, driven by loan and deposit growth and acquisitions.

• Noninterest income for Q3 2025 was $8.2 million, up 58% year-over-year and 33.2% sequentially, with strong contributions from insurance, mortgage banking, and swap fees.

• Noninterest expense for Q3 2025 was $38.0 million, up 26.8% year-over-year but down 20.5% sequentially, reflecting higher compensation, IT, and merger costs.

• Book value per share was $34.56; tangible book value per share was $27.96 at quarter-end.

Outlook and guidance

• Pending acquisitions of 1st Colonial Bancorp and Cumberland Advisors are expected to close in early 2026 and Q4 2025, expanding market presence and assets under management.

• Management expects continued integration costs, focus on realizing synergies, and further progress in net interest margin and operational efficiency.