Mid Penn Bancorp (MPB) Q4 2025 earnings summary

Executive summary

• Reported Q4 2025 net income of $19.4M ($0.84 basic EPS), up 47% year-over-year and 6.3% sequentially; full-year 2025 net income was $56.2M ($2.59 basic EPS), up from $49.4M in 2024.

• Declared 61st consecutive quarterly dividend of $0.22 per share and a special dividend of $0.05 per share, both payable February 17, 2026.

• Completed the William Penn acquisition in April 2025, significantly impacting loan and deposit balances.

Financial highlights

• Net interest income for Q4 2025 was $54.8M, up from $41.3M in Q4 2024; full-year net interest income rose 27.1% to $199.1M.

• Net interest margin expanded to 3.79% in Q4 2025, up 58 bps year-over-year.

• Noninterest income for 2025 increased 19.3% to $26.8M, driven by higher insurance commissions, swap fees, and recoveries on acquired loans.

• Noninterest expense for 2025 rose 29.5% to $152.3M, mainly due to merger-related costs and higher compensation and IT expenses.

• Book value per share at year-end was $35.32; tangible book value per share was $28.76.

Outlook and guidance

• Management highlighted continued focus on organic loan growth, asset quality, and disciplined expense management.

• Announced the acquisition of Cumberland Advisors, completed January 1, 2026, adding $3.2B in assets under management.