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what it is
It takes deposits, makes loans, and sells trust and mortgage services across Pennsylvania and New Jersey.
how it gets paid
Last year Mid Penn Bancorp made $324M in revenue. Commercial and consumer lending was the main engine at $0.246B, or 76% of sales.
why it's growing
Revenue grew 13.0% last year. The $239M quarterly revenue number mattered most because it was up 175% from a year ago.
what just happened
Mid Penn posted $239M in quarterly revenue and $1.70 EPS.
At a glance
B+ balance sheet — decent shape, but not bulletproof
60/100 earnings predictability — reasonably predictable
12.9x trailing p/e — the market's not buying it — or you found a deal
2.8% dividend yield — cash in your pocket every quarter
$2.90 fy2024 eps est
xvary composite: 57/100 — below average
What they do
It takes deposits, makes loans, and sells trust and mortgage services across Pennsylvania and New Jersey.
Mid Penn runs 59 retail locations. That is 59 places your money can sit without feeling stranded. It also has about $6B in assets, and January 2026 added Cumberland with $3.2B in assets under management.
How they make money
$324M
annual revenue · their business grew +13.0% last year
Commercial and consumer lending
$0.246B
Wealth management and trust
$0.028B
Deposit service charges
$0.022B
Mortgage banking
$0.018B
Other noninterest income
$0.010B
The products that matter
business loans and deposits
commercial banking
$265M · 82% of revenue
this is the core engine, producing the $265M net interest income stream that sits on top of a $6.1B loan portfolio.
core profit driver
trust and investment services
wealth management
part of $59M noninterest income
this fee business matters because noninterest income is only 18% of revenue, yet it grew 19% last quarter and gives you something besides rate exposure.
diversifier
residential loan origination
mortgage banking
18% of revenue mix
mortgage banking feeds the noninterest bucket, which totaled $59M. it is not the story, but it helps keep every dollar of revenue from depending on loan spreads.
secondary support
Key numbers
$726M
market cap
This is the whole equity story. You are paying a small-company price for a bank with $324M in yearly revenue.
$324M
annual revenue
This is the top line. It tells you the business already has real scale, not just a handful of branches.
$6B
assets
This is the balance sheet size. Bigger assets give a bank more room to lend and gather deposits.
2.8%
dividend yield
This is your cash return while you wait. The stock pays you to own it even before the price does anything.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 70 / 100
- long-term debt $69M (9% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for MPB right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Mid Penn posted $239M in quarterly revenue and $1.70 EPS.
Revenue was up 175% vs. prior year, and EPS was up 115%. That is a very loud quarter for a bank this size.
$81M
revenue
$1.70
eps
n/a
n/a
revenue jump
The $239M quarterly revenue number mattered most because it was up 175% from a year ago.
source: company earnings report, 2026
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What could go wrong
the top risk here is commercial real estate and local credit quality inside a $6.1B asset regional bank. when a bank this size gets underwriting wrong, the damage shows up fast.
high
commercial real estate exposure
the loan book is the business. if office, retail, or other local commercial property credits weaken, reserve builds can hit earnings faster than revenue can recover.
a problem here matters more than anything happening in the $59M fee business because 82% of revenue still comes from net interest income.
med
1st colonial integration risk
the february 27, 2026 close pushes assets toward $7.5B, but deals do not create value on the press release. they create value if costs come out and customers stay.
if integration drags, the stock stops looking cheap at 12.9x earnings and starts looking fairly priced for a messy merger.
med
rate and deposit pressure
banks live on spread. if deposit costs stay high or rates move in the wrong direction, net interest income gets squeezed.
with $265M of revenue tied to net interest income, margin pressure can overwhelm the benefit of a 2.8% dividend quickly.
you do not need every risk to show up at once. one credit wobble in the core lending book or one ugly integration quarter would be enough to change the story.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
q1 2026 earnings report
expected april 22, 2026. this should be the first clean read on how the 1st colonial deal is landing.
metric
noninterest income mix
it is 18% of revenue today. if that percentage rises, the business gets a little less dependent on spread income.
risk
credit quality in commercial real estate
this is the first place the thesis breaks. a regional bank can hide a lot less than a money-center bank.
trend
deposit costs versus loan yields
82% of revenue comes from net interest income. if deposits reprice badly, you will see it in earnings before you see it in the marketing deck.
Analyst rankings
earnings predictability
60 / 100
in human-speak, analysts think the numbers are usable, but not smooth enough to trust without watching each quarter closely.
risk rank
3
middle-of-the-pack safety. safer than many small caps, but not the kind of bank you forget about for a year.
price stability
70 / 100
less chaotic than a typical small-cap chart. that does not mean the underlying business is low-drama.
source: institutional data
Institutional activity
institutional ownership data for MPB is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$31
current price
n/a
target midpoint · n/a from current
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