Revenue: As of FY2025, the actual value is USD 350.61 M.EPS: As of FY2025, the actual value is USD 2.55, missing the estimate of USD 2.575.EBIT: As of FY2025, the actual value is USD -126.73 M.Mid Penn Bancorp, Inc. operates as a single business segment, as nonbank subsidiary activities were not material for separate disclosure as of December 31, 2025 .<h4>Overall Financial Performance</h4><ul><li>Net Income: $56,248 thousand for 2025, $49,437 thousand for 2024, and $37,397 thousand for 2023 .</li><li>Dividends Declared: $0.84 for 2025, $0.80 for 2024, and $0.80 for 2023 .</li><li>Return on Average Assets: 0.93% for 2025, 0.91% for 2024, and 0.77% for 2023 .</li><li>Return on Average Equity: 7.70% for 2025, 8.61% for 2024, and 7.16% for 2023 .</li><li>Net Interest Margin (FTE basis): 3.56% for 2025, 3.11% for 2024, and 3.26% for 2023 . The increase in net interest margin in 2025 was primarily due to decreased funding costs and higher yields on interest-earning assets, along with growth in average interest-earning assets .</li></ul><h4>Balance Sheet Highlights</h4><ul><li>Total Assets: Increased by $663.0 million (12.1%) to $6.1 billion as of December 31, 2025, from $5.5 billion as of December 31, 2024 .</li><li>Total Loans (net of unearned income): Increased by $419.8 million (9.4%) to $4.9 billion as of December 31, 2025, from $4.4 billion as of December 31, 2024, primarily due to the William Penn Acquisition ($405.3 million) . Residential mortgage loans increased $215.9 million, nonowner occupied commercial real estate increased $113.0 million, owner occupied commercial real estate increased $94.9 million, commercial and industrial loans increased $14.6 million, and multifamily loans increased $6.4 million, while construction loans decreased $29.9 million .</li><li>Total Deposits: Increased by $524.7 million (11.2%) to $5.2 billion as of December 31, 2025, from $4.7 billion as of December 31, 2024 . Interest-bearing transaction accounts increased $499.1 million and noninterest-bearing accounts increased $74.8 million, partially offset by a $49.2 million decrease in time deposits . The William Penn Acquisition contributed $619.8 million to deposit growth .</li><li>Investment Securities: Held-to-maturity (HTM) securities decreased $35.2 million to $347.3 million as of December 31, 2025, while available-for-sale (AFS) securities increased $155.8 million to $416.3 million as of December 31, 2025 .</li><li>Uninsured Deposits: $1.0 billion (19.2% of total deposits) as of December 31, 2025, compared to $1.4 billion (30.1% of total deposits) as of December 31, 2024 .</li></ul><h4>Operational Metrics</h4><ul><li>Provision for Credit Losses - Loans: $1.6 million for 2025, a decrease of $546 thousand (25.5%) from $2.1 million for 2024, primarily due to reduced expected losses from macroeconomic forecast updates and lower loan balances, partially offset by a $2.3 million reserve on non-PCD loans from the William Penn Acquisition .</li><li>Net Charge-offs/Recoveries: Net charge-offs were $1.4 million for 2025, compared to $817 thousand for 2024, and $332 thousand for 2023 .</li><li>Non-performing assets: Totaled $30.8 million as of December 31, 2025, an increase of $8.1 million from $22.7 million as of December 31, 2024, mainly due to $9.0 million in commercial real estate and commercial and industrial loans placed on nonaccrual status .</li><li>Noninterest Income: Totaled $26.8 million for 2025, an increase of $4.3 million (19.3%) from $22.5 million for 2024, driven by increases in earnings from cash surrender value of life insurance, fiduciary and wealth management income, mortgage banking income, and other noninterest income .</li><li>Noninterest Expense: Totaled $152.3 million for 2025, an increase of $34.7 million (29.5%) from $117.6 million for 2024 . Key drivers included a $13.9 million increase in salaries and benefits, an $11.0 million increase in merger and acquisition expenses, a $3.3 million increase in software licensing costs, and a $2.3 million increase in occupancy expenses .</li><li>Income Taxes: Provision for income taxes was $16.1 million for 2025, compared to $10.6 million for 2024, with an effective combined Federal and state tax rate of 22.3% for 2025, up from 17.6% for 2024 .</li></ul><h4>Capital and Liquidity</h4><ul><li>Shareholders’ Equity: Increased $159.0 million (24.3%) to $814.1 million as of December 31, 2025, primarily due to the William Penn Acquisition and net income, partially offset by dividends declared and share repurchases .</li><li>Regulatory Capital Ratios (December 31, 2025): Tier I Leverage Capital was 11.02%, Common Equity Tier I was 13.55%, Tier I Risk-Based Capital was 13.55%, and Total Risk-Based Capital was 14.32%, all exceeding regulatory minimums .</li></ul><h4>Cash Flow</h4><ul><li>Cash Flow from Operating Activities: Provided $80.0 million of cash during 2025, mainly from net income .</li><li>Cash Flow from Investing Activities: Provided $83.2 million of cash during 2025, mainly from net cash received from acquisitions and proceeds from investment securities, offset by AFS securities purchases .</li><li>Cash Flow from Financing Activities: Used $134.8 million of cash during 2025, primarily due to a decrease in net deposits and the redemption of subordinated debt .</li></ul><h4>Unique Metrics and Acquisitions</h4><ul><li>Acquisitions in 2025: Mid Penn Bancorp, Inc. completed the William Penn Bancorporation acquisition on April 30, 2025, adding $726.5 million in total assets and 12 branches, and acquired Charis Insurance Group, Inc.’s insurance business for $4.0 million on May 12, 2025 . Subsequent to year-end, the 1st Colonial Acquisition and Cumberland Advisors Acquisition were completed .</li><li>Loan Portfolio Composition (December 31, 2025): Commercial real estate accounted for 56.1% of total loans, Commercial and industrial for 14.8%, Construction for 8.1%, Residential Mortgage for 20.8%, and Consumer for 0.2% .</li><li>Commercial Real Estate (CRE) Portfolio (December 31, 2025): Owner Occupied comprised 26.3%, Farmland 8.3%, Multifamily 15.5%, and Non Owner Occupied 49.2% . Weighted-average Loan to Value (LTV) for Multifamily was 53.3%, Retail 50.4%, Office 61.4%, Industrial 48.0%, Hospitality 47.1%, Flex 47.2%, Mobile Home Park 56.4%, and Health Care 52.8% .</li><li>Commitments to Extend Credit: $1.4 billion as of December 31, 2025, compared to $1.2 billion as of December 31, 2024 .</li><li>Standby Letters of Credit: Increased to $66.5 million as of December 31, 2025, from $64.3 million as of December 31, 2024 .</li></ul><h4>Outlook/Guidance</h4>Management anticipates that future earnings will be sufficient to fully realize recorded deferred tax assets . The company plans to maintain adequate liquidity at a reasonable cost and has contingency plans for unexpected funding needs or loss of sources . While the effectiveness of interest rate impact on assets and funding can be estimated, future customer choices and portfolio mix may significantly alter these estimates .

Mid Penn Bancorp | 10-K: FY2025 Revenue: USD 350.61 M