Mid Penn Bancorp | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 95.05 M

Revenue: As of FY2025 Q3, the actual value is USD 95.05 M, beating the estimate of USD 58.4 M.

EPS: As of FY2025 Q3, the actual value is USD 0.79, beating the estimate of USD 0.585.

EBIT: As of FY2025 Q3, the actual value is USD -29.37 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025, was $238.63 million, compared to $213.27 million for the same period in 2024.

Operational Metrics

• Net Income: Net income available to common shareholders for the nine months ended September 30, 2025, was $36.80 million, compared to $36.21 million for the same period in 2024.
• Net Interest Income: Net interest income for the nine months ended September 30, 2025, was $144.34 million, compared to $115.39 million for the same period in 2024.
• Noninterest Income: Total noninterest income for the nine months ended September 30, 2025, was $19.57 million, compared to $16.34 million for the same period in 2024.
• Noninterest Expense: Total noninterest expense for the nine months ended September 30, 2025, was $116.42 million, compared to $86.70 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $66.78 million, compared to $47.29 million for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $105.35 million, compared to net cash used in investing activities of - $187.65 million for the same period in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $14.48 million, compared to $187.99 million for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses (ACL): The ACL for loans as of September 30, 2025, was $37.34 million, compared to $35.51 million as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: Mid Penn Bancorp, Inc. plans to continue expanding its presence in the Philadelphia region and surrounding counties in Pennsylvania and New Jersey through strategic acquisitions, such as the recent acquisition of William Penn and the planned acquisition of 1st Colonial Bancorp, Inc.
• Non-Core Business: The company is also focusing on expanding its insurance and wealth management services through acquisitions like Charis Insurance Group, Inc. and Cumberland Advisors, Inc., which are expected to bring significant new assets under management.