Earnings summaries and quarterly performance for MID PENN BANCORP.
Executive leadership at MID PENN BANCORP.
Rory G. Ritrievi
Detailed
Chief Executive Officer
CEO
HR
Heather R. Hall
Detailed
Chief Lending Officer
JE
Joan E. Dickinson
Detailed
Chief Retail Officer
JD
Jordan D. Space
Detailed
Chief Operating Officer
JL
Joseph L. Paese
Detailed
Director of Trust and Wealth Management
JT
Justin T. Webb
Detailed
Chief Financial Officer
SW
Scott W. Micklewright
Detailed
Chief Revenue Officer
Board of directors at MID PENN BANCORP.
AJ
Albert J. Evans
Detailed
Director
BA
Brian A. Hudson, Sr.
Detailed
Director
BA
Bruce A. Kiefer
Detailed
Director
JL
Joel L. Frank
Detailed
Director
JE
John E. Noone
Detailed
Lead Independent Director
KJ
Kimberly J. Brumbaugh
Detailed
Director
MG
Matthew G. DeSoto
Detailed
Director
MM
Maureen M. Gathagan
Detailed
Director
RA
Robert A. Abel
Detailed
Director
TW
Theodore W. Mowery
Detailed
Director
WA
William A. Specht, III
Detailed
Director
Research analysts covering MID PENN BANCORP.
Recent press releases and 8-K filings for MPB.
Mid Penn Bancorp Reports Q4 and Full Year 2025 Earnings, Declares Dividends, and Completes Acquisition
MPB
Earnings
Dividends
M&A
- Mid Penn Bancorp, Inc. reported net income available to common shareholders of $19.4 million ($0.84 per basic share) for the fourth quarter of 2025 and $56.2 million ($2.59 per basic share) for the full year 2025.
- The company declared a cash dividend of $0.22 per common share and a special dividend of $0.05 per common share, both payable February 17, 2026.
- The net interest margin increased to 3.79% for Q4 2025, up from 3.60% in Q3 2025, and the core efficiency ratio improved to 55.26% in Q4 2025 from 58.80% in Q3 2025.
- Total loans grew 9.4% to $4.9 billion and total deposits increased 11.2% to $5.2 billion at December 31, 2025, compared to December 31, 2024.
- Mid Penn completed the acquisition of Cumberland Advisors, Inc., an investment advisory firm with approximately $3.2 billion in assets under management as of December 31, 2025, on January 1, 2026.
Jan 21, 2026, 10:20 PM
Mid Penn Bancorp Reports Fourth Quarter and Full Year 2025 Earnings
MPB
Earnings
Dividends
Revenue Acceleration/Inflection
- Mid Penn Bancorp, Inc. reported net income available to common shareholders of $19.4 million for the fourth quarter of 2025, or $0.84 per basic and $0.83 per diluted common share, exceeding the consensus analyst estimate of $0.84 per basic common share. For the full year 2025, net income was $56.2 million, or $2.59 per basic and $2.55 per diluted common share.
- The net interest margin increased to 3.79% for the fourth quarter of 2025, up from 3.60% in the third quarter of 2025 and 3.21% in the fourth quarter of 2024. The core efficiency ratio improved to 55.26% in the fourth quarter of 2025, compared to 58.80% in the third quarter of 2025 and 63.94% in the fourth quarter of 2024.
- Total loans increased 9.4% to $4.9 billion at December 31, 2025, compared to $4.4 billion at December 31, 2024. Total deposits increased 11.2% to $5.2 billion at December 31, 2025, compared to $4.7 billion at December 31, 2024.
- The company declared a cash dividend of $0.22 per common share and a special dividend of $0.05 per common share, both payable February 17, 2026.
Jan 21, 2026, 9:29 PM
Mid Penn Bancorp Completes Acquisition of Cumberland Advisors
MPB
M&A
New Projects/Investments
- Mid Penn Bancorp, Inc. (NASDAQ: MPB) completed its acquisition of Cumberland Advisors, Inc. on January 1, 2026.
- Cumberland Advisors, Inc. is a Sarasota, FL-based registered investment advisory firm.
- As of December 31, 2025, Cumberland Advisors had approximately $3.2 billion in assets under management.
- Cumberland has been merged into Mid Penn Bank's wealth management division.
Jan 5, 2026, 3:38 PM
Mid Penn Bancorp, Inc. completes acquisition of Cumberland Advisors, Inc.
MPB
M&A
- Mid Penn Bancorp, Inc. completed its acquisition of Sarasota, FL-based Cumberland Advisors, Inc. on January 1, 2026.
- Cumberland Advisors, Inc. had approximately $3.2 billion in assets under management as of December 31, 2025.
- In connection with the acquisition, Mid Penn will pay Cumberland Advisors shareholders approximately $1,650,000 in cash and issue approximately 127,020 shares of Mid Penn Common Stock.
- The acquisition agreement also includes a potential cash payment of up to an additional $1,000,000 through an earn-out provision and the issuance of stock appreciation rights (SARs) with a maximum aggregate value of $1,200,000.
Jan 5, 2026, 2:03 PM
Mid Penn Bancorp, Inc. Completes Acquisition of Cumberland Advisors, Inc.
MPB
M&A
- Mid Penn Bancorp, Inc. (MPB) completed its acquisition of Sarasota, FL-based Cumberland Advisors, Inc. on January 1, 2026.
- Cumberland Advisors, Inc. is a registered investment advisory firm that managed approximately $3.2 billion in assets as of December 31, 2025.
- Following the acquisition, Cumberland has been merged into a newly formed subsidiary, Cumberland Advisors, LLC, and its investment advisory team has joined Mid Penn.
Jan 5, 2026, 1:32 PM
MID PENN BANCORP Reports Q3 2025 Results and Announces Acquisitions
MPB
Earnings
M&A
New Projects/Investments
- MID PENN BANCORP reported Net Income of $18.3 million or $0.79 per share for Q3 2025.
- The company completed the acquisition of William Penn Bancorporation in April 2025 for $120.0 million and Charis Insurance Group, Inc. in May 2025 for $4.0 million.
- MID PENN BANCORP announced the acquisition of 1st Colonial Bancorp, Inc. on September 24, 2025, for $101 million, projecting approximately 14% EPS accretion by 2027 and a 3.4-year tangible book value per share earnback.
- The acquisition of Florida-based Cumberland Advisors was also announced, expected to add $3.3 billion in new assets under management and over $9 million in annualized fee income revenue, increasing MPB's fee income as a percentage of revenue by approximately 350 basis points.
- As of September 30, 2025, key financial metrics included a Tangible Common Equity to Tangible Assets ratio of 10.5% and a Return on Average Tangible Common Equity of 11.95%.
Nov 10, 2025, 8:45 PM
Mid Penn Bancorp to Acquire Cumberland Advisors
MPB
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Mid Penn Bancorp, Inc. (MPB) has entered into an agreement to acquire Cumberland Advisors, a Sarasota, FL-based Registered Investment Advisory firm.
- Cumberland Advisors recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to add approximately $3.3 billion in new assets under management (AUM).
- The transaction has a base deal value of $5.5 million, with 70% payable in stock, and potential additional payments of up to $2.2 million based on milestones.
- The acquisition is expected to be earnings-accretive immediately upon closing, minimally accretive to EPS (~1%), and minimally dilutive to TBV (~1%).
- The transaction is anticipated to close in the fourth quarter of 2025.
Sep 25, 2025, 8:08 PM
Mid Penn Bancorp to Acquire 1st Colonial Bancorp
MPB
M&A
New Projects/Investments
Board Change
- Mid Penn Bancorp has announced a definitive agreement to acquire 1st Colonial Bancorp in a cash and stock transaction valued at approximately $101 million.
- The acquisition is expected to close in late Q1 or early Q2 of 2026 and is projected to be immediately accretive to earnings per share for Mid Penn.
- This strategic merger will expand Mid Penn's presence into the greater Philadelphia metropolitan area, resulting in a combined entity with more than 60 branch locations.
- As of June 30, 2025, 1st Colonial Bancorp reported total assets of approximately $590 million, total deposits of $520 million, and total loans of $475 million.
Sep 24, 2025, 10:26 PM
Mid Penn Bancorp Announces Acquisition of 1st Colonial Bancorp
MPB
M&A
Guidance Update
- Mid Penn Bancorp, Inc. (MPB) announced an agreement to acquire 1st Colonial Bancorp, Inc. for approximately $101 million in a cash and stock transaction, expected to close in late Q1 or early Q2 2026.
- 1st Colonial shareholders can elect to receive either 0.6945 shares of Mid Penn common stock or $18.50 in cash per share, subject to a 60% stock and 40% cash consideration mix, valuing the transaction at approximately $20.03 per 1st Colonial common share.
- This acquisition will expand Mid Penn's presence in the greater Philadelphia metropolitan area, creating a combined entity with pro forma total assets exceeding $7.2 billion, total deposits of approximately $6.2 billion, and gross loans over $5.4 billion as of June 30, 2025.
- The merger is anticipated to be immediately accretive to Mid Penn's estimated earnings per share, with projected 14% EPS accretion for full year 2027, approximately 6% TBV dilution, and a 24% Internal Rate of Return.
Sep 24, 2025, 8:12 PM
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