<span item_type="fundamental" item_id="88d416d09b3ae16e6988f1811be7b369" counter_id="ST/US/MPB" env="prod"></span><span item_type="announcement" item_id="640052737244924929" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 64.85 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.36, missing the estimate of USD 0.47.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -43.95 M.</p><p></p><h4>Treasury Stock Repurchase Program</h4><p>宾州中部银行 (Mid Penn Bancorp, Inc.)’s Board of Directors approved the renewal of the Corporation’s treasury stock repurchase program through April 30, 2027, and authorized the repurchase of up to an additional $50 million of common stock under the program. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260421.htm"></span></p><h4>Dividend Declaration</h4><p>宾州中部银行 (Mid Penn Bancorp, Inc.) declared a quarterly cash dividend of $0.22 per common share, payable on May 15, 2026, to shareholders of record as of May 4, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260421.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Net Income</h4><p>Net income available to common shareholders (GAAP) for the first quarter of 2026 was $8.7 million, compared to $13.7 million for the first quarter of 2025. Adjusted net income (non-GAAP) for the first quarter of 2026 increased 10.0% to $15.3 million, compared to $13.9 million for the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Net Interest Income and Margin</h4><p>Net interest income for the first quarter of 2026 was $55.3 million, an increase of 30.0% compared to $42.5 million for the same period in 2025. The tax-equivalent net interest margin increased to 3.80% for the first quarter of 2026, up from 3.79% in the fourth quarter of 2025 and 3.37% in the first quarter of 2025. The yield on interest-earning assets decreased to 5.75% for the first quarter of 2026 from 5.86% in the fourth quarter of 2025, but increased from 5.65% in the first quarter of 2025. The cost of funds decreased to 2.12% in the first quarter of 2026, compared to 2.26% in the fourth quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Revenue</h4><p>Total revenues for the first quarter of 2026 were $64.9 million. Pre-provision net revenues for the first quarter of 2026 were $12.9 million. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Noninterest Income</h4><p>Total noninterest income for the first quarter of 2026 was $9.6 million, an increase of $2.3 million (32.0%) from $7.3 million in the fourth quarter of 2025, and an increase of $4.4 million (83.3%) compared to $5.2 million in the first quarter of 2025. This increase was primarily driven by a $2.2 million increase in fiduciary and wealth management income from the Cumberland Advisors acquisition (quarter-over-quarter) and a $2.5 million increase (year-over-year). <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Noninterest Expense</h4><p>Total noninterest expense for the first quarter of 2026 was $52.0 million, an increase of $16.1 million (44.9%) from $35.8 million in the fourth quarter of 2025, and an increase of $21.3 million (69.6%) compared to $30.6 million in the first quarter of 2025. Key drivers for the increase include a $7.8 million increase in merger and acquisition expenses, a $3.3 million increase in salaries and employee benefits, a $696 thousand increase in legal and professional fees, and a $2.3 million increase in other noninterest expense. Merger and acquisition expenses increased to $7.7 million in the first quarter of 2026, primarily due to the 1st Colonial acquisition ($7.2 million) and the Cumberland Advisors acquisition ($544 thousand). <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Loan and Deposit Growth</h4><p>Loan balances increased by $647.1 million, or 54.0% (annualized), during the first quarter of 2026. Excluding acquired loans, organic loan growth was $49.6 million, or 4.1% (annualized), from December 31, 2025. Total loans increased $1.0 billion, or 22.7%, to $5.5 billion at March 31, 2026, compared to $4.5 billion at March 31, 2025. Deposits increased by $756.3 million, or 58.8% (annualized), during the first quarter of 2026. Excluding acquired deposits, organic deposits increased $9.3 million, or 0.7% (annualized), from December 31, 2025. Total deposits increased $1.2 billion, or 26.2%, to $6.0 billion at March 31, 2026, compared to $4.7 billion at March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Asset Quality</h4><p>The total provision for credit losses was $1.6 million for the first quarter of 2026, compared to a benefit for credit losses of - $839 thousand for the fourth quarter of 2025, and a provision of $301 thousand for the first quarter of 2025. Net charge-offs for the first quarter of 2026 were $1.0 million, or approximately 0.02% of total average loans. Total nonperforming assets were $38.1 million at March 31, 2026, an increase from $30.8 million at December 31, 2025, primarily due to the addition of $7.4 million of nonaccrual loans from the 1st Colonial acquisition. Delinquency, as a percentage of total loans, was 0.70% at March 31, 2026, compared to 0.69% at December 31, 2025, and 0.50% at March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Capital and Ratios</h4><p>The core efficiency ratio (non-GAAP) was 63.52% in the first quarter of 2026, compared to 55.26% in the fourth quarter of 2025 and 62.79% in the first quarter of 2025. Book value per common share was $35.08 as of March 31, 2026, a modest decline from $35.32 as of December 31, 2025, but up from $34.50 as of March 31, 2025. Tangible book value per common share (non-GAAP) was $27.56 as of March 31, 2026, compared to $28.76 as of December 31, 2025, and $27.58 as of March 31, 2025. Shareholders’ equity increased $73.3 million, or 9.0%, to $887.4 million as of March 31, 2026, from $814.1 million as of December 31, 2025. Regulatory capital ratios for 宾州中部银行 (Mid Penn Bancorp, Inc.) and Mid Penn Bank indicate regulatory capital levels in excess of minimums and sufficient for the Bank to be considered “well capitalized” at March 31, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p><h4>Outlook / Guidance</h4><p>宾州中部银行 (Mid Penn Bancorp, Inc.) is cautiously optimistic about both loan and deposit pipelines despite ongoing macroeconomic uncertainty, expecting strong noninterest income growth driven by the recent Cumberland Advisors acquisition. The company’s experienced integration teams remain focused on unlocking cost efficiencies from recent merger activities. These efficiencies are projected to be realized over the coming quarters. <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/879635/000087963526000030/mpb-20260331xexx991.htm"></span></p>

Mid Penn Bancorp | 8-K: FY2026 Q1 Revenue: USD 64.85 M