--- title: "Mid Penn Bancorp | 10-K: FY2025 Revenue: USD 350.61 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/278947209.md" datetime: "2026-03-12T21:28:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278947209.md) - [en](https://longbridge.com/en/news/278947209.md) - [zh-HK](https://longbridge.com/zh-HK/news/278947209.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278947209.md) | [English](https://longbridge.com/en/news/278947209.md) # Mid Penn Bancorp | 10-K: FY2025 Revenue: USD 350.61 M 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 . #### Overall Financial Performance - **Net Income**: $56,248 thousand for 2025, $49,437 thousand for 2024, and $37,397 thousand for 2023 . - **Dividends Declared**: $0.84 for 2025, $0.80 for 2024, and $0.80 for 2023 . - **Return on Average Assets**: 0.93% for 2025, 0.91% for 2024, and 0.77% for 2023 . - **Return on Average Equity**: 7.70% for 2025, 8.61% for 2024, and 7.16% for 2023 . - **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 . #### Balance Sheet Highlights - **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 . - **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 . - **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 . - **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 . - **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 . #### Operational Metrics - **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 . - **Net Charge-offs/Recoveries**: Net charge-offs were $1.4 million for 2025, compared to $817 thousand for 2024, and $332 thousand for 2023 . - **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 . - **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 . - **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 . - **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 . #### Capital and Liquidity - **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 . - **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 . #### Cash Flow - **Cash Flow from Operating Activities**: Provided $80.0 million of cash during 2025, mainly from net income . - **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 . - **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 . #### Unique Metrics and Acquisitions - **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 . - **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% . - **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% . - **Commitments to Extend Credit**: $1.4 billion as of December 31, 2025, compared to $1.2 billion as of December 31, 2024 . - **Standby Letters of Credit**: Increased to $66.5 million as of December 31, 2025, from $64.3 million as of December 31, 2024 . #### Outlook/Guidance 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 . ### 相關股票 - [Mid Penn Bancorp (MPB.US)](https://longbridge.com/zh-HK/quote/MPB.US.md) ## 相關資訊與研究 - [Bioxytran Delays Annual 10-K Filing](https://longbridge.com/zh-HK/news/281395210.md) - [Elvictor Group Delays Annual 10-K Filing](https://longbridge.com/zh-HK/news/281227386.md) - [ClimateRock Delays Filing of Annual 10-K](https://longbridge.com/zh-HK/news/281437017.md) - [Guochun International Delays Annual 10-K Filing](https://longbridge.com/zh-HK/news/281262236.md) - [Aimei Health Technology Delays Annual 10-K Filing](https://longbridge.com/zh-HK/news/281437018.md)