Overview

* Mid Penn Bank's Q2 EPS of $0.22 down compared to last year

* Net income falls 59.5%

* Total deposits rise 21.18% yr/yr, boosted by William Penn acquisition

Outlook

* Mid Penn expects to reach lower end of loan growth target by year-end

* Company anticipates reaching midpoint of deposit growth target by year-end

* Mid Penn cautiously optimistic about performance for remainder of 2025

Result Drivers

* WILLIAM PENN ACQUISITION - Acquisition added $757.3 mln in assets and $621.3 mln in deposits, boosting total deposits and assets

* NEGATIVE ORGANIC LOAN GROWTH - Organic loan portfolio declined by $89.6 mln due to elevated payoffs and soft loan demand

* NET INTEREST MARGIN IMPROVEMENT - Net interest margin increased to 3.44% due to lower cost deposits and higher loan yields

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.22

Q2 $15.10

Adjusted mln

Net

Income

Q2 Net $4.80

Income mln

Q2 Net $48.20

Interest mln

Income

Q2 $0.2

Dividend

Q2 Net 3.4%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Mid Penn Bancorp Inc ( MPB ) is $35.00, about 17.2% above its July 23 closing price of $28.99

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)