$36.670
-0.051 (-0.14%)收盤時
MPB 資訊
MPB 事件
Net Interest Margin Increases to 4.06%, Rory G. Ritrievi Reports Earnings Above Expectations
Net interest margin increased to 4.06% for the quarter ended June 30, 2026, from 3.80% for the first quarter of 2026, and 3.44% for the second quarter of 2025. This represents increases of 26 and 62 basis points compared to the first quarter of 2026 and second quarter of 2025, respectively. The increase from the second quarter of 2025 was driven by higher investment securities yields, higher loan yields, and lower funding costs. Chair, President and CEO Rory G. Ritrievi provided the following statement: "We are pleased to share our second quarter operating performance with our shareholders. Results include earnings above consensus expectations, meaningful organic loan growth, healthy net interest margin expansion, a reduction in the efficiency ratio to below 60%, stable asset quality, and improvements in both book value and tangible book value."
Mid Penn Bancorp Expands Stock Buyback Program to $50M
Mid Penn Bancorp is pleased to announce the reauthorization and expansion of its treasury stock repurchase program, which now accommodates up to an additional $50M in repurchase activity. On April 21, the Board of Directors of Mid Penn approved the renewal of the corporation's treasury stock repurchase program through April 30, 2027, as well as an increase in the number of shares available for future repurchases under the program. As modified, the repurchase program authorizes the corporation to repurchase up to an additional $50M of corporation common stock, from time to time. The shares may be purchased in open market or private transactions, including pursuant to Rule 10b5-1 trading plans, at the discretion of management and subject to the limitations of applicable securities laws.
Mid Penn Bancorp's Acquisition of 1st Colonial Bancorp Approved by Shareholders
Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that shareholders from 1st Colonial approved Mid Penn's proposed acquisition of 1st Colonial at a special meeting of 1st Colonial's shareholders. Of the total number of votes received, over 99% of 1st Colonial shares voted in favor of the merger proposal. The merger will extend Mid Penn's footprint into the Greater Philadelphia area market, and will expand its presence in Southeastern Pennsylvania and Southern New Jersey. Mid Penn, on a pro forma basis following completion of the merger, is expected to have approximately $7.5B in assets as of March 31.
Mid Penn Receives Approval to Acquire 1st Colonial in $101M Deal
Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that they have received all required regulatory approvals to complete the previously announced transaction pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101M. Pending receipt of approval from shareholders of 1st Colonial, and certain other customary closing conditions, the parties intend to close the transaction in the first quarter of 2026. Following completion of the merger, 1st Colonial will be merged with and into Mid Penn Bank.
Mid Penn Bancorp Declares Special Dividend of 5 Cents per Share
Mid Penn Bancorp declared a special dividend of 5c per common share, payable February 17 to shareholders of record as of February 6.
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